ReadON’s Decentralized Bullet Chat
A New Fan Economy Bridge Linking Web2 and Web3, Showcasing the Charms of Web3 to Millions of Traditional Video Creators
At the #CONNECTED2023 event jointly hosted by Cyberconnect and BNB Chain, ReadON officially launched its decentralized bullet chat product. The product includes interactive bullet chat and decentralized tipping features, and offers services to traditional video creators, showcasing Web3’s features in terms of composability, persistence, and protocolization.
In the current Web3 content ecosystem, it is still difficult to provide creators with a large number of content consumers and significant revenue, which has been a major problem for creators. ReadON’s newly released bullet chat function aims to help creators gain new fans and income from the crypto world at almost zero cost.
Roast Last Forever
Bullet chat is a real-time commentary system that offers several benefits such as interactivity, immediacy, publicness, entertainment, and culture. It has become a popular form of interaction between content and consumers, particularly on video platforms. ReadON was the first to implement decentralized storage of bullet chat content, preserving roast as a permanent record of human thought.
Decentralized bullet chat has numerous advantages. Firstly, it enhances user privacy and data security as user data is no longer stored on centralized institution servers but in a decentralized network. Secondly, it can reduce content review and intervention, thus promoting freedom of speech. Finally, by utilizing blockchain technology, decentralized bullet chat can improve communication security and reliability.
The bullet chat in ReadON now come in two forms: common and super. Super bullet chat, which are colored and can be interacted with through the on-chain Cyberconnect feature, can be used as a tipping mechanism and preserve the comment content permanently. Users are given three free tipping chances each day, and every comment can receive likes. Creators can claim the tipping revenue and have their position displayed on the tipping leaderboard. In the future, a plugin will be provided for users to view on-chain bullet chat directly on YouTube’s website.
Currently, users can add bullet chat to YouTube videos on the ReadON mobile app, which is stored permanently on Arweave. In the coming months, ReadON will launch browser plugins to enable viewers to view bullet chat on video sites like YouTube and interact with features like “like” and “dislike.”
Crypto Reward
Web3 bullet chat allows creators to experience the cultural diversity of a new world, while ReadON’s reward feature in decentralized bullet chat helps them earn profits in this world. On traditional media platforms, creators’ earnings are limited by the platform’s business model and sharing strategies. The opaque exploitation and profit-sharing mechanisms of centralized platforms have been a longstanding issue. ReadON enables users to reward creators with digital currencies, which are directly transferred to the creators’ verified digital wallets. ReadON currently supports two bullet chat styles: one that requires gas payment only and another with an additional reward feature.
Reaching out to Web2 Idols
In the current Web3 fan economy, the process of establishing a Web3 community is top-down, with the issuance of fan NFTs and tokens often requiring issuers to possess a solid understanding of cryptocurrency, token economics, and token maintenance. These barriers hinder many traditional idols, stars, influencers, creators, and others from creating their own fan communities and monetizing their IP value through digital assets.
So why not start by sending my digital currency to the idols?
For fans, decentralized bullet chat is a great medium for inviting interaction with their favorite idols and creators. The accumulation of bullet chat and reward funds from the crypto community records the voice and values of the fan community, arousing enough interest to inspire idols to try new connections with the new world of fans.
In the digital age, interaction between creators and audiences is more convenient. However, the existence of centralized platforms prevents creators from receiving the compensation they deserve and restricts and interferes with their content.
With ReadON’s decentralized bullet chat and tipping function, you can directly tip and comment on creators without being limited or interfered with by centralized platforms. You can support creators anytime, anywhere, help them get the rewards they deserve, and survive in this new scene. Moreover, this technology can also increase creators’ enthusiasm for creation and attract more creators to join this field.
Furthermore, ReadON’s decentralized bullet chat and tipping function provide a pure, decentralized, fair, and transparent environment for interaction between creators and audiences. There is no interference, only a communication platform for pure creation and communication.
The addition of a tipping feature to ReadON’s decentralized commenting system makes it a more valuable way to communicate. As social media platforms continue to evolve, tipping has become an essential feature of many communication platforms. By incorporating tipping into a decentralized commenting system, there are several benefits:
- Increased user engagement: Tipping incentivizes users to create more valuable content, which leads to higher levels of user engagement.
- Enhanced communication value: Tipping provides value assessments for the content created by users, which enhances the value of communication.
- Improved security: By using blockchain technology, tipping can increase transaction security, reducing the risks of fraud and malicious behavior.
The vision for a decentralized commenting system with a tipping feature is to provide users with a more valuable communication platform by increasing user engagement and communication value, while also enhancing transaction security. By promoting and popularizing this vision, it aims to become a favorite communication platform and have broader application prospects in the future.
As digital currencies continue to gain popularity, more and more creators are looking for new ways to earn revenue. This is also true for creators in Web2. In some cases, Web2 creators attract audiences and fans by sharing their works, but they often do not receive the compensation they deserve for their efforts.
By using decentralized bullet chats and tipping functions, Web2 creators can solve the problem of receiving inadequate compensation for their content. ReadON provides a gateway from Web2 to Web3 by allowing creators to receive tips in the form of digital currencies, which also encourages their integration into the world of cryptocurrencies.
Decentralized bullet chats allow viewers to directly tip creators, giving them a direct way to receive compensation without worrying about losing out on small amounts of tips.
Tipping functions offer a way for creators to earn more income directly from their creations, rather than relying solely on advertising revenue. This, in turn, can attract more viewers, increase the creators’ visibility and influence, and create a positive cycle of healthy development: more revenue leads to more content creation, which leads to more users.
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ReadON Twitter: @ReadOnMe3
ReadON discord: https://discord.gg/readon
ReadON web: https://readon.me/#/
