HONG KONG–(BUSINESS WIRE) – GazeTV, the blockchain-based social entertainment platform, launches its solution that allows content consumers to reward creators for their work via tokenomic incentives and reward features. The GazeTV platform is designed to enable developers and audiences to interact, support, and grow with one another. GazeTV already has 210,000 minutes of content on its platform.
Anyone with a camera or smartphone can curate videos and become content creators. The challenge that creators face today is how to make money fairly and transparently. It takes 752 streams on Pandora and 1,400+ views on Youtube to earn just $ 1. Royalty and copyrights should mean that artists are being compensated for their work – but this is not always the case. The monetization policies of many entertainment platforms are vague and ambiguous, leaving creators and consumers in the dark.
GazeTV leverages the blockchain fundamentals and the GAZE token to overcome this challenge by allowing users to compensate developers based on their own likes and preferences. The process eliminates the middleman setting creator compensation on traditional platforms like YouTube, and promotes a more transparent environment for everyone involved. Creators can track rewards and viewership by earning, wagering and exchanging GAZE tokens, resulting in faster distribution of content revenue. GazeTV transforms “users” into a global, engaged community.
The platform also offers an automated content synchronization feature that allows developers to quickly and easily transfer their content from other platforms to their GazeTV channel. Creators can seamlessly sync their content from Youtube, Facebook and more than 455 million WordPress websites. In addition, unlike existing platforms, GazeTV can be accessed from China, which opens up new markets for developers and influencers.
GazeTV will be one of the few video content platforms available to Western and Chinese audiences. The launch of GazeTV is divided into several phases, with each phase adding exciting additional functions and features to the platform.
“At GazeTV, we fix anything that is broken with social entertainment platforms,” says Jack Cheng, co-founder of GazeTV. “For example, the unfair reward mechanisms as well as annoying in-stream advertising and inefficient payout processes must be resolved. We want creators to build mutually beneficial and sustainable communities with their audiences. We are building a skilled and engaged gazer community and using different tokenom models than elsewhere. At GazeTV, we really value the commitment of creators and audiences. This is our mission. Every second counts.”
GazeTV.com is an innovative social entertainment platform with built-in tokenomic incentives and reward functions. Taking advantage of blockchain technology, GazeTV was designed with a tokenized ecosystem to allow developers and viewers to interact, support and grow continuously with one another. Please visit GazeTV’s Facebook and Twitter pages for more information.