What is Media Protocol?
The new project can best be described as being a platform that is able to directly reward content creators for all of their hard work. Also, they cut out the third-parties that tend to take a rather healthy percentage of the money that flows in with the creators themselves often struggling to make ends meet or it even being worth their while making it in the first place.
However, it must be stressed that this is not an app but rather a software kit that can then be developed by individuals to produce their own apps. In addition, they have created the MEDIA digital token and this is the only currency that will be made available to be used across the entire platform.
They feel that they are effectively giving control back to the people making the content in the first place which is certainly something to be applauded.
The media Protocol ecosystem is designed to provide:
Transparent and unencumbered structure that will allow creators, promoters, distributors and consumers of content to exchange, create and receive rewards without intermediaries and hidden schemes.
A sustainable platform that will monitor and support each entity, without any additional fees and commissions. This approach will allow content creators and publishers to receive full rewards for promoting and encouraging their content consumers. Consumers, in turn, will receive rewards for their preferences, consuming this or that content.
control between content creators, eliminating the relationship between them, while allowing everyone to maintain their role and get paid for their value. An economic platform that will allow to exclude all traditional intermediaries who earn a lot of money in cooperation with the creators, consumers and publishers.
Transparent Yet Sustainable, Uninterrupted Yet Disruptive
TRANSPARENCY
The MEDIA Protocol frees promoters, consumers, distributors and creators from third parties and hidden selection algorithms. They offer a fully open source and completely transparent platform, with endless, multi directional exchanges of data, rewards, and value.
UNINTERRUPTED
The MEDIA Protocol serves to remove the intermediaries that currently exist in platforms between the creators of content, the publishers of said content, and the consumers who absorb the media. The goal is to ensure that creators, publishers, and consumers are all rewarded and valued for their piece of the process.
SUSTAINABILITY
Through usage of the MEDIA Protocol, users will not experience any push and pull of control, but rather maintenance of control by both the creator and the publisher. Both parties are rewarded directly for content that is developed and published. This serves to incentivize both sides. Consumers, consequently, are rewarded for personal preference data provided to the platform.
DISRUPTION
In traditional media platforms, intermediaries are located between creators, publishers and consumers. These platforms can be anything from video streaming sites to black and white newspapers. The MEDIA Protocol fully disrupts this stale concept, providing scalable economy-based foundations to ensure transparency, directness, and security.
MEDIA Protocol's Technology
MEDIA Protocol's actual product is a software development kit designed to easily create the back-end architecture for decentralized apps meant to share media, including videos, music, or text.
Content creators can directly publish their work, and earn profits from users if they set up a subscription or paywall feature, or from advertisers who gain exposure through the traffic they draw. Users can also earn tokens for their participation, either as a reward for distributing content across their social networks or from advertisers who choose to pay for their attention. Ultimately, each app that implements the protocol will differ in both its reward system and its content.
The first app developing using the MEDIA Protocol is called CryptoCatnip; an early version is currently available on both Google Play and iTunes, but it will not be fully functional until the MEDIA token is released. The app is entirely devoted to cryptocurrency news.
The platform will also include a Content Recommendation Server, which will leverage the team's existing talent with artificial intelligence to connect users with content they'd likely be interested in. The system sounds remarkably advanced, using not only tags and keywords but a sophisticated engine that can analyze content to determine its topic and themes.
All of MEDIA Protocol's work is open source, so users can analyze the code for themselves to verify its security and stability.
ROADMAP
TEAM
Conclusion
Thanks to the bright idea of monetizing its own content, MEDIA Protocol will allow all consumers, content creators and publishers to create a new economy in the field of media. Using the internal architecture of the decentralized application, each participant will be able to receive tokens for the content, as well as directly for the maintenance of the consumer’s own content. No matter what kind of content it will publish, it will be video, audio, image or text. This Protocol will allow more control and understanding of the whole process of creation, distribution and consumption of content. I think this project is very interesting and promising. Therefore, I recommend that you study the concept of this project in more detail by clicking on these links:
- Website: https://www.mediaprotocol.org/
- Telegram: https://t.me/Media_Protocol_Community | https://t.me/MP_Announcements
- Whitepaper: https://www.mediaprotocol.org/papers/whitepaper.pdf
- Facebook: https://fb.me/MEDIAprotocol
- Twitter: https://twitter.com/MEDIA_Protocol
- Medium: https://medium.com/@mediaprotocolsm
- LinkedIn: https://www.linkedin.com/company/media-protocol/
- Github: https://github.com/MediaProtocol/MediaProtocol
- Bounty: https://bitcointalk.org/index.php?topic=3397199.0
- ANN: https://bitcointalk.org/index.php?topic=3396313.new#new
Authored by: duyhenry
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