“Haura will change how streamers and viewers monetize,” Ben Wung tells CoinGeek Backstage. In an interview on the sidelines of the London Blockchain Convention, Wung talked about his imaginative and prescient for the livestreaming business and why it’s solely potential on the BSV blockchain.
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Haura is a next-generation livestreaming platform that provides streamers and their viewers a brand new monetization mannequin. At present, streamers rely upon donations from their viewers and promoting income. The previous is unreliable, says Wung. After the primary three donations, “the drop-off is fairly vital.”
This forces streamers right into a unending quest for brand spanking new viewers to capitalize on the donations and digital items. They often should stream for hours on finish “as a result of in the event that they don’t, they’ll’t generate income.”
Haura is flipping this mannequin on its head. It permits the streamers to obtain micropayments
from their viewers by way of the BSV blockchain. In return, the viewers can mint particular moments on the stream as non-fungible tokens. Wung, nevertheless, prefers the time period “collectibles” as NFTs have gained a damaging repute as purely speculative tokens with no utility.
The collectibles achieve worth over time relying on the success of the streamer. If, as an illustration, a viewer mints one minute of a track that wins a Grammy, the collectible’s worth will skyrocket.
Wung began as an Ethereum developer, constructing good contracts and deploying them on its Layer 1 blockchain and, later, on Layer 2 networks like Polygon. Early on, he obtained annoyed by the scaling bottlenecks of the Ethereum community on each Layer 1 and Layer 2, which restricted the ambitions and enterprise fashions of the ecosystem’s functions.
He later found BSV blockchain and migrated his platform to the one blockchain community that may scale unbounded.
“We’ve the peace of thoughts that if our platform goes viral and we get quite a lot of customers, we simply don’t fear it’s going to interrupt,” he famous.
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