Blockchain technology has successfully brought about a wave of change in all sectors and while issues of privacy and safety of users online have been brought up multiple times, the practice of storing and harvesting user data by platforms is quite common.
GazeTV aims to build a platform that engages its communities of both content creators and audiences who consume this content in a mutually beneficial manner. They are looking to achieve this by harnessing blockchain technology and curating content while also incentivizing both the creators and their audiences.
What is GazeTV?
GazeTV is a new and revolutionary blockchain-based social and entertainment platform that is looking to incentivize and reward creators and audiences through their tokenized economic system. This helps content creators and audiences to interact with each other directly while supporting and growing together. The team behind the platform believes that audiences and communities are no longer passive products themselves in fact by incentivizing them to like, share, and comment on videos, GazeTV is innovating the product space. This is done by taking a small percentage of the total value generated by all videos and putting it into the Engagement Reward Pool that is used to reward the community for engagement.
Achievements
GazeTV officially set out 3 phases of development, and phase 1 has launched in May 2021. In 5-month since its launch, GazeTV has attracted over 520,000 minutes of content, thousands of people becoming a part of the GazeTV community with over 53,998+ hours spent on the platform. The platform has widened its reach to 184 countries and distributed a total of 13,884,996+ GAZE tokens in the process.
So what is inside with GazeTV exactly? Let’s review the features in different phases.
Phase 1: The GazeAge (Launched in May 2021)
The GazeAge focuses on developing functionalities of the platform. It also forms the fundamentals of the GAZE tokenized ecosystem.
Key features in The GazeAge:
- Visualizing data: GazeTV presents data in an easy-to-comprehend manner in the form of trend charts, heat maps, line, and bar charts making the process of content measurement simple.
- Content synchronization: The platform has an automated feature for creators to bring their content from other platforms to the GazeTV channel. The scalable feature on the platform supports content synchronization from Facebook and YouTube. GazeTV also plans to open content synchronization with more than 455 million WordPress websites worldwide.
- Engagement reward pool: GazeTV has an engagement pool mechanism that facilitates audience-creator relationships by incentivizing audiences on the basis of their engagement with GazeTV content. Apart from this, a 1:1 incentive is also distributed to creators. The engagement itself is divided into 4 actions (views, likes, comments, and shares) and creators get incentives as it increases.
- Content upload pool: The content upload pool is a mechanism that is used to encourage content creation. Creators are rewarded on the basis of uploaded content duration.
- Token transaction revenue model: With the token transaction revenue model. Creators on GazeTV get the chance to set prices for their content on their own. It can be free or priced in the GAZE tokens. Audiences can then pay in the GAZE token and unlock the content of their choice. The creators on the other hand receive tokenized transaction revenue in GAZE. A small share of the revenue goes to the Rewards pool. The revenue given out to the creators can be transferred to other wallets or spent on the GazeTV platform.
Phase 2: The Gazer-lization (Launching in March 2022)
The second phase on the GazeTV roadmap is Gazer-lization. In this, the focus would be on peer-to-peer interaction, networking, and discovery. While the entertainment element would remain unchanged in this phase too, there would be a segregation of content streaming and content live-streaming. This would help to redefine the variety of content in streaming.
- Creators would be able to host private or public live streaming sessions and with streaming tickets, they would be able to make profits on the GazeTV platform.
- The social networking aspect on the platform would allow people to engage in peer-to-peer messaging with other community members. They will also get a chance to post daily updates with texts, emojis, and images.
- GazeTV will introduce a new user-segmentation mechanism that would help participants earn better incentives and unlock various benefits.
- Content creators will also get a new content vertical that will allow them to publish content for professional content creators and control the revenue model. They would be able to import their artist tokens as the payment method of content with verticals. Key features in The Gazer-lization:
- Creators would be able to host private or public live streaming sessions and with streaming tickets, they would be able to make profits on the GazeTV platform.
- The social networking aspect on the platform would allow people to engage in peer-to-peer messaging with other community members. They will also get a chance to post daily updates with texts, emojis, and images.
- GazeTV will introduce a new user-segmentation mechanism that would help participants earn better incentives and unlock various benefits.
- Content creators will also get a new content vertical that will allow them to publish content for professional content creators and control the revenue model. They would be able to import their artist tokens as the payment method of content with verticals.
The GAZE Token
GAZE is the native token of the platform and is an ERC-20 compatible token that runs on the Ethereum blockchain. The token has multiple use cases on the GazeTV platform and is transferable to any ERC-20 compliant wallet.
- For creators: Content creators set prices for their content in the GAZE token and earn content upload rewards. Engagement rewards and gift redemption for staking are also done in the GAZE token.
- For audiences: For the audiences of GazeTV, the token is rewarded upon engagement with content and for watching videos. They can also show their support towards content creators using the token.
Upcoming in Phase 2, GAZE usage would greatly increase. There will be alternative ways for users to earn and spend GAZE directly on the platform.
Final Word
GazeTV phase 2 Gazer-lization is most anticipated, bringing a fresh approach to how social entertainment platforms function. By incentivizing audiences for watching content and engaging with it, GazeTV is making them an active part of their ecosystem. Content creators get a chance to earn rewards and incentives for uploading their content on the platform. Without the presence of any intermediaries, they get to interact with their audiences directly.
From today until November 14th, sign-up at their official website to be a Gazer. An exclusive reward of 1,000 GAZE will be awarded to you!
The platform: GazeTV.com
The Foundation: GazeTVF.com
Follow them on Facebook / Twitter / Telegram / Instagram: @GazeTVF
Disclaimer: This is a paid post and should not be treated as news/advice.