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Summary of Joystream
- Joystream is a video platform protocol that utilizes a dedicated high-throughput public blockchain.
- User-controlled DAO funds creators and builders, and operates storage and content delivery infrastructure.
- Developers can build new applications on the existing open network effect and infrastructure with trusted APIs.
- Creators can build their audience and business on a solid foundation, sell video NFTs, and issue dedicated revenue share creator tokens.
- No specific numbers or figures mentioned in the text.
- No case studies, anecdotes, or examples mentioned in the text.
About Joystream: Unlocking the Power of Community-Driven Video Content
Joystream is a pioneering video platform protocol that revolutionizes video publishing, much like email transformed the way we communicate and Bitcoin redefined the concept of money. On Joystream, all profiles, videos, and social interactions are hosted on a high-throughput public blockchain, ensuring a decentralized and transparent ecosystem. A user-controlled DAO (Decentralized Autonomous Organization) empowers creators and builders by funding their projects and operating the storage and content delivery infrastructure. This decentralized framework enables developers to build innovative applications on top of an existing open network effect and infrastructure, leveraging APIs that are trustworthy and perpetual. Unlike closed incumbent platforms, Joystream’s open architecture fosters experimentation with novel features, algorithms, and policies that can delight creators and consumers in unprecedented ways. Creators can establish a loyal audience and build a sustainable business on a solid foundation. They can also capitalize on their most devoted fans by selling video NFTs, and issue dedicated revenue-share creator tokens to finance their creative projects.