var TRINITY_TTS_WP_CONFIG={“cleanText”:”Haura founder Ben Wung: Transforming live streaming with blockchain tech.u23f8u201cHaura will change how streamers and viewers monetize,u201d Ben Wung tellsu00a0 Backstage. In an interview on the sidelines of theu00a0London Blockchain Conference, Wung talked about his vision for the livestreaming industry and whyu00a0itu2019s only possible on the BSV blockchain.u23f8Haura is a next-generation livestreaming platform that offers streamers and their viewers a new monetization model. Currently, streamers depend on donations from their viewers and advertising revenue. The former is unreliable, says Wung. After the first three donations, u201cthe drop-off is pretty significant.u201du23f8This forces streamers into a never-ending quest for new viewers to capitalize on the donations and virtual gifts. They usually have to stream for hours on end u201cbecause if they donu2019t, they canu2019t generate revenue.u201du23f8Haurau00a0is flipping this model on its head. It allows the streamers to receiveu00a0micropaymentsu23f8 from their viewers via the BSV blockchain. In return, the viewers can mint specific moments on the stream as non-fungible tokens. Wung, however, prefers the term u201ccollectiblesu201d as NFTs have gained a negative reputation as purely speculative tokens with no utility.u23f8The collectibles gain value over time depending on the success of the streamer. If, for instance, a viewer mints one minute of a song that wins a Grammy, the collectibleu2019s value will skyrocket.u23f8Wung started as anu00a0Ethereum developer, building smart contracts and deploying them on its Layer 1 blockchain and, later, onu00a0Layer 2 networks like Polygon. Early on, he got frustrated by the scaling bottlenecks of the Ethereum network on both Layer 1 and Layer 2, which limited the ambitions and business models of the ecosystemu2019s applications.u23f8He later discovered BSV blockchain and migrated his platform to the only blockchain network that can scale unbounded.u23f8u201cWe have the peace of mind that if our platform goes viral and we get a lot of users, we just donu2019t worry itu2019s going to break,u201d he noted.u23f8Watch The Bitcoin Masterclasses #1 Day 1 with Craig Wright: Confidentiality, Privacy, Anonymity, Party to Partyu23f8″,”headlineText”:”Haura founder Ben Wung: Transforming live streaming with blockchain tech”,”articleText”:”u201cHaura will change how streamers and viewers monetize,u201d Ben Wung tellsu00a0 Backstage. In an interview on the sidelines of theu00a0London Blockchain Conference, Wung talked about his vision for the livestreaming industry and whyu00a0itu2019s only possible on the BSV blockchain.u23f8Haura is a next-generation livestreaming platform that offers streamers and their viewers a new monetization model. Currently, streamers depend on donations from their viewers and advertising revenue. The former is unreliable, says Wung. After the first three donations, u201cthe drop-off is pretty significant.u201du23f8This forces streamers into a never-ending quest for new viewers to capitalize on the donations and virtual gifts. They usually have to stream for hours on end u201cbecause if they donu2019t, they canu2019t generate revenue.u201du23f8Haurau00a0is flipping this model on its head. It allows the streamers to receiveu00a0micropaymentsu23f8 from their viewers via the BSV blockchain. In return, the viewers can mint specific moments on the stream as non-fungible tokens. Wung, however, prefers the term u201ccollectiblesu201d as NFTs have gained a negative reputation as purely speculative tokens with no utility.u23f8The collectibles gain value over time depending on the success of the streamer. If, for instance, a viewer mints one minute of a song that wins a Grammy, the collectibleu2019s value will skyrocket.u23f8Wung started as anu00a0Ethereum developer, building smart contracts and deploying them on its Layer 1 blockchain and, later, onu00a0Layer 2 networks like Polygon. Early on, he got frustrated by the scaling bottlenecks of the Ethereum network on both Layer 1 and Layer 2, which limited the ambitions and business models of the ecosystemu2019s applications.u23f8He later discovered BSV blockchain and migrated his platform to the only blockchain network that can scale unbounded.u23f8u201cWe have the peace of mind that if our platform goes viral and we get a lot of users, we just donu2019t worry itu2019s going to break,u201d he noted.u23f8Watch The Bitcoin Masterclasses #1 Day 1 with Craig Wright: Confidentiality, Privacy, Anonymity, Party to Partyu23f8″,”metadata”:{“author”:”Steve Kaaru”},”pluginVersion”:”5.7.1″}; |
“Haura will change how streamers and viewers monetize,” Ben Wung tells Backstage. In an interview on the sidelines of the London Blockchain Conference, Wung talked about his vision for the livestreaming industry and why it’s only possible on the BSV blockchain.
Haura is a next-generation livestreaming platform that offers streamers and their viewers a new monetization model. Currently, streamers depend on donations from their viewers and advertising revenue. The former is unreliable, says Wung. After the first three donations, “the drop-off is pretty significant.”
This forces streamers into a never-ending quest for new viewers to capitalize on the donations and virtual gifts. They usually have to stream for hours on end “because if they don’t, they can’t generate revenue.”
Haura is flipping this model on its head. It allows the streamers to receive micropayments
from their viewers via the BSV blockchain. In return, the viewers can mint specific moments on the stream as non-fungible tokens. Wung, however, prefers the term “collectibles” as NFTs have gained a negative reputation as purely speculative tokens with no utility.
The collectibles gain value over time depending on the success of the streamer. If, for instance, a viewer mints one minute of a song that wins a Grammy, the collectible’s value will skyrocket.
Wung started as an Ethereum developer, building smart contracts and deploying them on its Layer 1 blockchain and, later, on Layer 2 networks like Polygon. Early on, he got frustrated by the scaling bottlenecks of the Ethereum network on both Layer 1 and Layer 2, which limited the ambitions and business models of the ecosystem’s applications.
He later discovered BSV blockchain and migrated his platform to the only blockchain network that can scale unbounded.
“We have the peace of mind that if our platform goes viral and we get a lot of users, we just don’t worry it’s going to break,” he noted.
Watch The Bitcoin Masterclasses #1 Day 1 with Craig Wright: Confidentiality, Privacy, Anonymity, Party to Party
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