How will Internet 3.0 and Crypto affect YouTube? , Coin gabbar
📅 April 8, 2024
Cryptocurrency and Internet 3 Many businesses, entrepreneurs, investors and people have benefited from the arrival of. Crypto-Economy is changing everything. Every sector from finance to gaming is positively affected by it and everyone is taking advantage of Internet 3.0 progress. Like every other industry, video and streaming business is already taking advantage of Internet 3.0.
The Watch-to-Ane of Internet 3.0 tries to replace the video business from an industry that will provide more benefits for the creators. In the current video business industry, only producers earn, the audience does not benefit from it.
How to affect Internet 3.0 video hosting and streaming
The Internet 3.0 will replace the existing system, which will give customers full ownership of their data and will also get rewards to use it. Adopting Web3 will have a good impact on operating policies in video industry like YouTube. Adopting Web3 in video industry will have the following benefits:
-
Dyscentralization : Internet 3.0 transaction on a decentralized network Blockchain The use of technology is caused. In this, data is stored at many places instead of one place.
-
Autonomy : The platforms will not be under the control of the government as the transaction will be on a decentralized network that every person using will control his property.
-
No need for third party : Since the web3 is a dysentralized network, a third party will not be required for video streaming. As a result, the user’s data will be safe.
Read more about Internet 3.0- Why is the crypto currency important for the Internet 3.0 platform?
What is Theta Network?
Theta There is a blockchain-powered network designed mainly for video streaming. It is like YouTube on blockchain. Theta is designed to provide faster streaming compared to YouTube.
By supporting streaming service, you can earn theta. It is similar to Theta mining, but it cannot be centralized as bitcoin mining.
Due to the Peer-to-Per “Data Releasing Technology” of theta network, any platform that sends too much data can distribute video broadcasts and other services more easily and effectively. The demand for data for the video is increasing, and as more video content will migrate into VR and AR, this effect will become more clear.
However, Theta network will not be able to replace YouTube in live streaming. Instead, it aims to give a new infrastructure to these enterprises that are decentralized and very low.
Its impact on Watch-to-Ane and YouTube
The Watch-to-Ane simply means that the person can win the rewards by watching videos and other materials. This is the simplest of the recent models. Many top websites in the world are used to provide video content, it is clear that the W2E model can have a large market with billions of potential audiences.
Web3 and video streaming Xcad For example, the W2E will be made possible by the platform, which will give the user a chance to earn passive income. As soon as users use the network, Xcad browser adon on YouTube will pay them in cryptocurrency.
With the help of XCAD, creators their crypto assets and NFT Can make tokens that they can sell on trading platforms. To watch videos of your favorite content creators on YouTube, the audience will also receive tokens.
These web3 technologies offer their services without any interference or change with existing platforms such as YouTube.
YouTube needs improvement
Dyscentralized video platforms have become the biggest rival of YouTube due to the arrival of dyscentrification and Internet 3.0. Due to their benefits, they can soon replace YouTube.
YouTube will probably lag behind decentralized platforms due to its shortcomings, safety and much more advertisements. Everyone wants equal access and control over the system due to the popularization of dyscentrization.
YouTube can include the Watch-to-Ane concept as well as decentralization in its platform to increase the convenience and enthusiasm of the user.
conclusion
Being made for video playform Internet 3.0 The solution will have a significant impact on the old ways and bring modernity to the video industry.
Internet 3.0 is bringing new changes to the current Internet world. Many new industries such as the meta-gaming sector and Theta network are developing in streaming services. Additionally, investors are also interested in these new techniques and services, Theta has partnered with companies such as Google, IBM and Samsung which are constantly working to pursue technology.
W2E video content can be a game-changer in creating a community on the platforms where creators and users can earn crypto without any complex processes. The internet 3.0 is a concept, fair and dysented video hosting and streaming is a concept that will have a good effect in all fields.
