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With WEB3 growing in exposure and accessibility, the concept of the new decentralized internet is gaining momentum. With this momentum and technological advances, come new influences with new visions.
Cryptocurrency is now established as an established real value. As it continues to show us how the future of transactions will occur, cryptocurrency has many other uses that can help enhance our current technology. Many entities are introduced to the market through a new smart contract or by being a clone, token or meme coin that don't present new technology or a current applicable use. When a coin does introduce new technology, a utility or applicable use, it has the potential to be adopted and developed in a decentralized structure.We have seen this with the Dapps, NFT’s, and NFT Marketplaces.
One Industry that has not yet adapted to blockchain use or NFT Functionality is TV Platforms. With so much traffic and licensed content across every channel, blockchain can provide countless benefits to the media rights and delivery industry. Imagine if every time you selected a movie on tv watch it was actually and NFT hosted on a blockchain that you were selecting to view.
After doing some research I found a startup actively working on bringing blockchain to media delivery. The company is called FOXD Network. It is a decentralized use case for a cryptocurrency called foxdcoin. Foxdcoin is no premine community coin that operates on its own blockchain.
Later in 2022 FOXD will be releasing a TV App entirely built on WEB3 decentralized internet. This will make the content which is streamed available to be minted as NFTs and hosted on each owner's node. This can allow content and channel owners full rights and ownership for the content they put out with the tokenization of the rights which they can then license or sell. FOXD Network will be introduced June 20-23 at the 2022 Collision Conference in Toronto, Canada. https://collisionconf.com/
The tokenization of media is a great utility in current technology. There are many coins, businesses and Dapps that are exploring the tokenization of media. This industry can benefit from blockchain in many ways including proof of rights, reduced bandwidth consumption and improved content delivery technology. I'm excited to see this industry adopt and adapt to the new technological advances that cryptocurrency can offer.
Author Bio
My name is Ziare Notch. I'm a freelance writer and crypto enthusiast. Former Media member and Sports Writer.
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