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Breaking YouTube's "commercialization dilemma", XCAD Network opens a new era of video fan economy

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As the largest content and video platform in the world, YouTube faces the problem of how to generate revenue for countless content creators and lock video creators behind the huge traffic.

XCAD Network Opens a New Era of Video Fan Economy by Breaking YouTube's "Commercialization Dilemma"

Original source: ASCENDEX &NBSP; Institute of

YouTubers, or "vloggers," as they are commonly known, have sprung up in recent years to work in different areas of knowledge and cater to the tastes and tastes of different audiences. It has become a huge flow entry for users.

Influential "web celebrity" YouTubers can have hundreds of thousands or even tens of millions of followers, and their day job is to post videos on their profiles to get clicks.

As the largest content and video platform in the world, YouTube, behind the huge traffic, has become an unavoidable problem between the platform and users, how to bring benefits to countless content creators, lock video creators in, and enable them to continuously produce content.

YouTube Commercialization 'Trouble'

Because video content is more alive, visible and fluid than text, more and more people are choosing to join the ranks of YouTubers, according to Alphabet, the parent company of Google, which announced its fiscal year 2021 in AprilFirst Quarter ResultsSaid quarterly revenue was higher than expected, and CEO Susan Wojcicki said YouTube now has more users logging in each month. 2 billion.

Google Chief Commercial Officer & NBSP; Philipp Schindler noted in a subsequent earnings call that "a few years ago, direct performance advertising was virtually non-existent on YouTube, but now it's a large and fast-growing business segment." "People want the process of buying and finding things to be easier and more efficient, so I think we're still exploring more possibilities for commercial intent on YouTube."

From the perspective of commercialization, the main profit model of YouTube at the present stage is advertising revenue, which encourages more professional video producers to enter by sharing the content with users. Inside YouTube, there is a complex content ecosystem, in which individual content producers can deliver content to the platform for a cut.

In reality, many producers are under the umbrella of various MCN organizations, which are founded by experienced professional production teams and have functions such as content management, star agency and advertising agency. Their income will be shared proportionally with content producers and platforms. In this mode, YouTube also gets a cut of every dollar that content producers make.

Although the head content of YouTube has a high number of broadcast and subscription, a large number of long-tail content cannot be effectively distributed, and its copyright filtering system also affects users' motivation for content production, making it fall into a "dilemma" of commercialization.

Meanwhile, while some of YouTube's content creators have attracted huge audiences and users, few have truly maximized the platform's monetization potential. This is what the XCAD Network hopes to address with its blockchain-powered tokenization, transaction, and definition tools.

What is XCAD Network?

XCAD Network (XCAD) is a new NFT content distribution and trading platform designed to provide content creators with additional content monetization options while helping smaller creators benefit from YouTube's algorithms to expand their user base.

The XCAD Network platform offers a wide range of products and solutions that help creators connect more closely with their audiences, enabling fans while generating additional revenue streams. In addition, the XCAD Network also provides an educational platform for content creators to grow faster with a series of tutorials and courses produced by well-known YouTubers.

XCAD Network operation mechanism

For creators, the XCAD Network allows them to publish their own content creator tokens, which can be rewarded to fans who interact with creators through the XCAD Network ecosystem.

Creators will also be able to cast NFT assets that represent almost anything, such as career landmarks, specific videos, merchandise coupons, and more, giving creators an additional way to earn rewards through fans and viewers.

From the fan's point of view, users can earn fan tokens from their favorite creators as long as they watch at least 80% of the videos, or engage with the channel in other ways, such as leaving high-quality comments or sharing videos.

After receiving the Substitution Coin, the User will be able to register at XCAD's decentralized trading platform, in addition to participating in a variety of activities. The DeFi tool interacts or is used to trade other creator tokens or NFTs.

XCAD Network unique advantages

Zilliqa Public Chain provides support

XCAD Network token XCAD will initially be released on Ethereum as an ERC-20 asset, with future plans to migrate to Zilliqa as a ZRC2 token. The XCAD Network platform will be built directly by Zilliqa's developers, ensuring that it maintains the integrity and ease of use characteristics of Zilliqa's products.

Zilliqa is a high-performance blockchain platform that supports large-scale scaling of decentralized applications (DApps) and institutional blockchain use cases. The concept for the Zilliqa platform was first proposed in 2017 and was funded through initial coin offerings (ICOs), in which 30% of the total token supply was sold to early investors.

Zilliqa migrated to the mainnet in mid-2019 and now has dozens of dApps and Zilliqa-based ecological tokens.

The XCAD Network platform, supported by Zilliqa's practical Byzantine fault-tolerant (PBFT) consensus protocol, ensures that XCAD users can safely conduct transactions without fear of attack.

l Content creator token

XCAD Network provides creators with an easy-to-use tokenization solution that allows creators to create their own unique creator tokens.

Creator tokens can be designed with specific features tailored to different audience groups, and can be used to purchase Creator NFT, merchandise, and event tickets. Creators can also add governance features that allow fans to vote on upcoming content and key decisions for creators.

l XCAD DEX

Users will be able to trade Creator tokens and XCAD tokens through a decentralized Zilliqa-based exchange platform that will eventually be built in. XCAD plug-in and mobile applications.

l Creator NFT Market

Through XCAD Network & NBSP; In the Creator NFT Marketplace, individual content creators will be able to cast their own NFTs, which followers can purchase using XCAD or content creator tokens. Once fans own NFT, they can exchange NFT assets with other users, or exchange them for related content, goods or other services.

NFT assets will come in a variety of forms, with the initial type being called "Moment" NFT, a togenized version of some of the most iconic moments on YouTubers.

l Online learning platform

Once content creators have amassed a certain number of followers, they can join the XCAD Network e-learning platform, which allows fans to quickly track the creators' progress on YouTube. The XCAD Network learning platform provides users with a range of educational materials and tools that enable them to expand their fan base.

Financing progress

According to Finance Magnates on May 10reports, XCAD Network Announces Completion & NBSP; Zilliqa led the $3.9 million private funding round, with LD Capital, Genesis Block Ventures and AU2 1 contributing.

The money will be used to create a "Defi plugin" for YouTube that will allow content creators to "toKEN themselves and be rewarded for the content they create". A new NFT marketplace will also allow creators to cast NFTs with one click. In addition, YouTube viewers can earn rewards by watching and participating in content on the YouTube platform.

Oliver Bell, CEO and Co-Founder of XCAD Network, said: "The unprecedented interest from investors, YouTubers, and the community indicates that XCAD Network will see great demand from content creators and content viewers as it rewards user engagement, Monetize what you're using."

Token economic model

The XCAD Network token is the base currency of XCAD, XCAD DEX and platform governance tokens, and plays a key role in the base incentive in the XCAD Network ecosystem. In addition to earning tokens by watching YouTuber content, there are several ways:

▪️ tokens can be traded with other YouTubers' tokens;

Forced the ️ & have spent Tokens can be used to buy and sell NFT and goods;

Forced the ️ & have spent Users can pledge their tokens for more token rewards;

Forced the ️ & have spent The tokens can be converted back into fiat currencies such as dollars, euros or pounds;

Forced the ️ & have spent Tokens can be used to vote on content, video ideas and other key decisions regarding the future of a YouTuber channel.

The total number of XCAD tokens is 200 million, and the allocation of tokens is as follows:

Team: 10%

Pre-Seed Round: 2.275%

Seed round: 18.45%

Ecosystems: 20%

Foundation reservation: 21.275%

Consultant & amp; Partner: 8%

Liquidity: 20%

TGE has been released on May 27, 2021, and XCAD tokens can now be traded in Kucoin, Gate. IO, and Pancakeswap.

In addition, Ascendex, a cryptocurrency trading platform, announced that it will open at Beijing time. At 21:00 on July 8th, the NFT content distribution and trading platform XCAD Network token XCAD was launched, and XCAD/USDT was opened, and the cash was opened. As a new generation of innovative crypto asset trading platform, XCAD will gain further liquidity on Ascendex and benefit the ecology at the same time.

summary

In the final analysis, the core of community fan tokens is Web3.0, and in the process of moving toward the era of Web3.0, content creators can distribute social tokens on platforms such as XCAD Network to allow their supporters to share their favorite works, thus improving market liquidity. Content creators can also give different rewards based on the activity and contribution of users in the community and enjoy the rights and interests brought by tokenization.

Creators who aspire to become one of the YouTubers can reap the benefits of delivering great content while maximizing the monetization potential of their platform while attracting large audiences and engagement numbers. This is a problem that XCAD Network hopes to address with its suite of blockchain-based tokenization, trading, and DEFI tools.