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“Haura will change how streamers and viewers monetize,” Ben Wung tells CoinGeek Backstage. In an interview on the sidelines of the London Blockchain Conference, Wung talked about his imaginative and prescient for the livestreaming trade and why it’s only possible on the BSV blockchain.
Haura is a next-generation livestreaming platform that gives streamers and their viewers a brand new monetization mannequin. At the moment, 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 endless quest for brand new viewers to capitalize on the donations and digital presents. They normally need to 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 through the BSV blockchain. In return, the viewers can mint particular moments on the stream as non-fungible tokens. Wung, nonetheless, prefers the time period “collectibles” as NFTs have gained a unfavourable fame as purely speculative tokens with no utility.
The collectibles achieve worth over time relying on the success of the streamer. If, for example, a viewer mints one minute of a music that wins a Grammy, the collectible’s worth will skyrocket.
Wung began as an Ethereum developer, constructing sensible 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 now have the peace of thoughts that if our platform goes viral and we get a whole lot of customers, we simply don’t fear it’s going to interrupt,” he famous.
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