#49 | Live watch-to-earn TV and Decentralized Storage with Script Network
· 3 min read
The future of TV has landed on Nibiru with the first watch-to-earn platform, Script Network. Script Network is a layer 1 open-source live TV platform, protocol and storage network.
One of its core products, Script TV, is the first watch-to-earn live tv platform built to reward users while they watch, provide video dStorage, and redefine video advertisement for the crypto industry. Users can earn more rewards and enhance their experience through unique elements on and off-chain.
Rewriting the Live Television Script
Script’s core mission is to democratize and decentralize television, while disrupting the entrenched players in the $45B video delivery and $18B FAST (free ad-supported television) industries, while completely executing on a unique model aimed at capturing a total addressable market of nearly $500B.
Script Network is Web3’s first mover in the live television space, building an original user-first model for the future of entertainment. Script Network’s growing community of more than 400,000 users have the power to control what they watch through content governance participation, earn token rewards through viewership and Lightning node operation, and take advantage of Script’s 15+ global studio license partnerships on all of their devices.
“Similar to what happened 20 years ago in the music industry, the television and film industry is ripe for disruption due to a complete broken model which sees users paying more YOY for premium content, with content producers and filmmakers making less and less. Televised content should be free globally, forever – and simply this is the core area we fix, whilst rewarding users for watching and engaging in the ecosystem.”
- Script Network Development Team
Live and On-Chain for Viewers and Advertisers
Script Network directly integrates a specially designed NFT marketplace called ScriptGLASS to enable its watch-to-earn model. ScriptGLASS is an equipable, upgradeable mechanism through which users can earn block rewards and more, rewarding long-term users and incentivizing viewership through improved access and beyond.
ScriptGLASS is in turn connected to Script Blockchain through its $SCPT governance token, which allows users to participate in content governance, staking, and more, while also serving as the primary payout method for creators and advertisers.
Advertisers taking advantage of Script Network’s original model for Web3 live television include global giants like McDonald’s, Mercedes-Benz, and more. This partnership and Script Network’s collection of sports, news, documentaries, and more means that global advertisers now have a unique opportunity to engage with a game-changing, fast-growing audience across Nibiru’s broader ecosystem.
The Future of Content Distribution
Beyond bringing live television to Web3 and revolutionizing the user experience, Script Network offers Web2 media companies the opportunity to reduce costs while gaining exposure to a new global audience, while taking full advantage of Nibiru’s wider ecosystem.
Script Network’s fully decentralized storage and delivery solutions can help media companies and independent creators save between 70%-80% on current costs. Its dStorage platform has video infrastructure with 18 original APIs to provide a full solution to studios, gaming companies and legacy Web2 companies. This service ranges from migrating their content databases from web2 to Script Network’s node network to creating their own bespoke channel and distributing it on Script TV.
About Script Network
Script Network is a layer 1 open source Web3 live tv platform, protocol and storage network. One of its core products, Script TV, is the first watch-to-earn live television platform, built to reward users while they watch, provide video dStorage and redefine video advertisement for the crypto industry.
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About Nibiru
Nibiru is a breakthrough L1 blockchain and smart contract ecosystem sporting superior throughput and unparalleled security. Nibiru aims to be the most developer-friendly and user-friendly smart contract ecosystem, leading the charge toward mainstream Web3 adoption by innovating at each layer of the stack: dApp development, infra, consensus, a comprehensive dev toolkit, and value accrual.