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Cryptocurrency News Articles
Decrypt's Art, Fashion and Entertainment Hub Unveils Revolutionary Streaming Platform, DCP+
Mar 28, 2024 at 08:26 pm
Decentralized Pictures, a blockchain-based film funding platform, is launching DCP+, an in-app streaming service that enables filmmakers to distribute content for free, with revenue allocated to equity holders. The platform incorporates a peer review process to aid content discovery, reward reviewers, and conduct test screenings. Decentralized Pictures emphasizes its non-profit status and aims to provide a fair and transparent platform for filmmakers to showcase and monetize their work.
Decrypt's Art, Fashion, and Entertainment Hub Unlocks New Streaming Service
Blockchain-based film funding platform Decentralized Pictures is poised to introduce its dedicated in-app streaming service, DCP+, with an anticipated beta release in the near future. This groundbreaking platform emerges as a beacon of transparency and fairness, granting filmmakers unparalleled opportunities to showcase their creations and generate revenue through a decentralized network.
"The current distribution landscape is dominated by a select few, diminishing the voices of countless talented creators," remarked Leo Matchett, co-founder of Decentralized Pictures. "DCP+ empowers filmmakers to share their content freely, securing their rights on the blockchain and eliminating the opaqueness that has plagued the industry."
DCP+ seamlessly integrates within the Decentralized Pictures platform, allowing users to rent films using the platform's FILMCredits token. This token offers the flexibility of being acquired with fiat currencies or earned through active participation in the community, such as evaluating scripts and trailers.
Content creators can establish a "cap table" on the platform, leveraging cryptocurrency wallet addresses to allocate streaming revenue among equity holders based on their stipulated profit share. This innovative feature transforms traditional distribution models, ensuring that creators retain control over the financial aspects of their work.
DCP+ fosters a dynamic peer review ecosystem, incentivizing users to contribute their insights and perspectives. Creators can allocate a portion of their revenues to content reviewers, fostering an engaged and informed community. "This process creates a merit-based system that elevates high-quality content and aids in the discovery of hidden gems," explained Matchett.
The platform envisions curated content lists, enabling users to follow influential tastemakers and explore their recommendations. Furthermore, filmmakers can conduct "test screenings" by contributing to a rewards pool, generating feedback and reviews from users.
Content moderation is entrusted to volunteer community members who review submissions for copyright violations, illegal material, and adherence to community guidelines. "Our guidelines align with the MPAA rating system, ensuring responsible and appropriate content," Matchett noted.
Distinguishing itself from competing Web3 streaming platforms, Decentralized Pictures positions DCP+ as a public service, leveraging its non-profit status to reinvest 100% of streaming revenue into smart contracts for distribution to rights holders.
Co-founded by acclaimed filmmaker Roman Coppola, Decentralized Pictures is a decentralized autonomous organization (DAO) dedicated to film funding. Built on a fork of the Tezos blockchain known as T4L3NT Net, the platform enables users to acquire FILMCredits tokens through community contributions or staking them to participate in funding awards. A portion of the profits generated from funded films is returned to the non-profit organization, perpetually sustaining future funding initiatives.
Since its inception, Decentralized Pictures has awarded hundreds of thousands of dollars to budding filmmakers, with support from renowned directors such as Steven Soderbergh and Kevin Smith. As DCP+ joins the Decentralized Pictures ecosystem, it marks a significant milestone in the democratization of the entertainment industry, empowering creators to freely share their stories and envision a more equitable future for the arts.
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- PolitiFi Meme Coins: A New Alternative to Animal-Themed Tokens
- Sep 24, 2024 at 02:20 pm
- PolitiFi cryptos stands out as meme coins whose themes relate political movements and personalities. In a rapidly evolving world of meme coins, these tokens serve as another major alternative to animal-themed tokens, intertwining the concept of politics with the world of finance.
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- RAIR Technologies Selected for Denarii Labs Accelerator Program Targeting Web3 Startups
- Sep 24, 2024 at 02:20 pm
- RAIR Technologies, an open-source platform specializing in the development of decentralized Web3 applications, has been selected for the Denarii Labs Accelerator program.
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- Infinet (INFI): A New Entrant to the Cryptocurrency Market Worth Taking a Closer Look At
- Sep 24, 2024 at 02:20 pm
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- Grayscale Ethereum Trust (ETHE) Suffers Largest Single-Day Outflow of $80M Since July 29
- Sep 24, 2024 at 02:10 pm
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- Baby Doge and Popcat Are Seeing Huge Gains, But Analysts Are Talking About Cutoshi, a New Memecoin That Has a Lot of Utility and Strong Potential for This Year
- Sep 24, 2024 at 02:10 pm
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- Polkadot (DOT), Solana (SOL), Ripple (XRP), Shiba Inu (SHIB) Price Analysis and News
- Sep 24, 2024 at 02:10 pm
- Polkadot had a solid performance, rising 2.15% in the past 24 hours and accumulating gains of 6.55% over the past week.
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- Claim $NFT or Stay Broke: Your Choice!
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- South Africa Traders Fair 2024 Concludes in Johannesburg
- Sep 24, 2024 at 12:45 pm
- The South Africa Traders Fair, organised by FINEXPO, concluded on 21 September 2024 at the renowned Protea Hotel Johannesburg Wanderers, marking a major success.
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- Internet Computer (ICP), Sui (SUI), and BlockDAG (BDAG) Making Headlines as Cryptocurrency Market Nears Bull Run
- Sep 24, 2024 at 12:15 pm
- The cryptocurrency market may be on the brink of another bull run, and three coins are currently making headlines: Internet Computer (ICP), Sui (SUI), and BlockDAG (BDAG).