Home / Crypto Currency / Blockchain Powered Video Sharing Platform Gains Ground: Viuly Crosses 1,000,000 User Mark

Blockchain Powered Video Sharing Platform Gains Ground: Viuly Crosses 1,000,000 User Mark


Join our community of 10 000 traders on Hacked.com for just $39 per month.

This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below.

If a picture is worth a thousand words, then surely a video is worth a thousand pictures. The internet has changed many sectors, whether industrial, financial or entrepreneur. The ability to cheaply reach out to people all over the world has fundamentally changed how things work.

Before the popular use of video sharing platforms, content creators would have a hard time finding distributors and television stations that would agree to air their videos. A lot of financial feasibility was involved. The cost of making videos was also high. Modern platforms enable anyone to shoot a video, practically on any subject and length; and upload it to their systems to allow people to view the contents. Now, each individual can have his own video channel.

Breaking Barriers: One Million Plus Users

Most video sharing platforms are (like any other business) out there to make money. They charge people to upload their videos, swamp it with intrusive advertising and charge viewers. This still makes watching and sharing videos expensive. Thousands of video uploaders are denied audience either because the sharing platform has limited services in potential viewers’ geographical locations, simply because viewers find it too expensive to pay and watch.

Viuly is a decentralized video sharing platform that has made it possible for content creators to upload their videos for free. The platform aims to disrupt the current video sharing economy and provide services that are cheaper and less ad intrusive so that creators and viewers can enjoy videos.

Viuly has been a success with video makers and content viewers. This is evident since active user base crossed the 1,000,000 mark this week. The platform has seen a surge of users and more than 700,000 people signed up in the last three months alone. With a daily average visit of 250,000 people, the platform has more than 70,000 channels that have a combined 260,000 plus videos uploaded.

Viuly and Blockchain

Many video creators are frustrated since the platforms take away a major earning in the form of commissions and viewers are spammed with ads that pop up in front of the video, annoying them. Viuly, by harnessing the power of Blockchain, eliminates the middleman, allowing content creators to earn what they deserve. The platform also incentivize users through active participations and interactions. Through this, Viuly is tapping into the estimated $30,000,000 market and growing strong.

Using its internal token, the VIU, it lets uploaders to earn through it, without taking any commission. Only a minuscule percentage is charged as a transaction fee. Tokens earned are redeemable through conversion in Bitcoin or can be used to further buy various advertising services.

The success story does not end here. The popularity of the platform has been noticed. Krypton Capital, a Blockchain investing firm has already pledged EUR 150,000. With the help of the investment, the platform will be able to further its cause.

For more information on the decentralized video sharing platform, visit their website: https://viuly.com/

Follow us on Telegram.
Read more

Check Also

Institutional Investor: Crypto Will be Worth Trillions, Launches Hedge Fund

After leaving his position as an executive at Steven Cohen’s Point72 hedge fund, Travis Kling decided to start his own crypto-focused fund. This was a big and bullish announcement back then, but it still wasn’t enough to save the crypto market, which crashed only a month later. The following nine months were almost completely ruled by the bears, which has brought a lot of damage to the crypto world. Still, according to new reports, Kling has never given up on this project, and it seems that he will finally be ready to launch the new hedge fund over the next month. The dates have not been set yet, and it is possible that the fund’s launch will be as soon as in about two weeks. Former Point72 Manager Plans the Launch of His Own Crypto Fund The fund has been expected for a long time now, and according to what is known, it will be based in Delaware. Some reports even managed to find out that the name of the fund will supposedly be “Ikigai”. While nobody known for sure when the fund’s launch is actually going to be, it is known that it will happen in October. At first, the fund will be backed by a certain amount of capital that Kling’s unnamed partners have invested. However, later down the line, after the project starts its development properly, Kling plans to search for additional investors. Additionally, he will also add $15 million on November 1st, according to the reports. Eventually, by the time the mid-2019 arrives, Kling hopes that the fund will grow and expand to around $100 million. He even expects Ikigai’s venture branch to rise to $33M in capital invested. As for the foreign investors interested in the fund, they will be capable of allocating capital through investment vehicle based on the Cayman Islands. A Multi-Trillion Asset Class? During one of his recent interviews, Kling stated that he truly believes in the project, as well as the concept, and those willing to back it. This, more than anything, indicates that the project is more than just an attempt to generate large profits. Kling stated that he expects this to become a multi-trillion asset class that will expand to touch everyday life. He stated in an interview: It’s still very early, but the development and growth of this technology will be exponential. The firm will have a 13-person team that is said to be located in Los Angeles, while the fund will seemingly follow the regulations implemented by the Delaware government. Many believe that Ikigai’s launch will come on October 1st and that most of the allocated capital will remain in cash, at least at first. This is due to the fact that the investors are still trying to find a secure way into the crypto world. The post Institutional Investor: Crypto Will be Worth Trillions, Launches Hedge Fund appeared first on NewsBTC.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Disclaimer: Trading in bitcoins or other digital currencies carries a high level of risk and can result in the total loss of the invested capital. theonlinetech.org does not provide investment advice, but only reflects its own opinion. Please ensure that if you trade or invest in bitcoins or other digital currencies (for example, investing in cloud mining services) you fully understand the risks involved! Please also note that some external links are affiliate links.