It has never been easier to create — and this is reflected in 50 million creators trying to earn a living from their work — but the majority are struggling as only 2% of creators are earning income above minimum wages.
What all creators have are their own superfans that create content. Yes, that’s right – The flip side of being a creator is what makes a creator in the first place: Their fans.
Today, fan content already outnumbers original content. There are 75 million fans creating derivative works and fan art, creating a whopping 7.5 billion fan content consisting of images, videos, live streams, and comments.
However, most generated content is trapped in dead ends. This content is ‘forgotten’, remains unmonetized, and is not used as a distribution driver. That is a massive missed opportunity. This is true for video, where even though video accounts for over 85% of internet traffic, video is still constrained to linear passive broadcasts and distribution models that lock out many creators and their fans.
The Sagaverse project’s founders spoke to content creators and communities to identify the best solutions to solve these problems. What’s needed now, is the ability to unleash new forms of video experiences, while fairly compensating for fandom, community, and participation.
Let us show you how Sagaverse empowers ownership, attribution, and lifetime passive income.
Key Points of Sagaverse
Sagaverse, an engine and protocol for web3 social media, makes it easy for creators and fans to come together to co-create, co-monetize and co-distribute.
Sagaverse is developing a cross-platform app that acts as a user-facing front-end for a rich media player and integrates a new approach to co-creation powered by derivative content monetization and various social features.
Bringing creators and fans together, Sagaverse makes it possible for creators to activate fans and their content, bringing them limitless benefits.
For creators, there’s nothing more powerful than a fan and what fans crave most is meaningful interaction and connection. Just imagine the greater network effects that could be realized if creators and fans were given the power to buy in.
Central to Sagaverse is its blockchain-powered manifest ensures attribution and licensing information is carried along and terms are always honored. The protocol consists of two main components:
Rich Media Manifest for composing, distributing, and recomposing tokenized assets while retaining attribution, licensing information, and no duplication of assets
Media Engine merging creation and consumption of interactive visual assets (2D, 3D, Programmable, Audio)
Possibilities for Creators and Fans
Content on Sagaverse is called a Saga. Sagas are all about collaborative play and creation.
At the heart of Sagaverse is a rich media player designed for next-generation visual media including interactive and augmented video. We know that this is the next content format people will love and want in their lives.
Combining this media player and manifest brings co-creation and attribution together, encouraging new rich media experiences through:
A 3D artist can create a 3D character and allow 3D animators to animate it, add video filters, AR games, custom emoji packs, etc. Every time the character is used by other artists or fans, the 3D artist who created the initial character receives rewards or royalties. Besides, creators can mint video NFTs and make them remixable by others, receiving royalties when consumed.
Creators and artists can unite and create ads, and then when advertisers use those ads, the co-creators receive royalties for their work
Besides, creators can cooperate with their fans; thus, they can make co-own augmented video NFTs, which Sagaverse calls Rich Media.
A second, a like, a comment, a remix, a collaboration – everything counts and generates value.
What Kind Of Content is Sagaverse Meant for?
Current business models on Web2 platforms are unsuitable for the new expectations of creators, prosumers, and fans.
Artists who focused on interactivity did not have a place in Web2, but now the world is asking for their content. Sagaverse developers created the platform for artists who create content that demands interactivity, such as video with fast-moving content (like sports), 3D artists, motion graphics artists, shader programmers, and developers that produce programmable content. And an open rich media format to describe the content like comments, likes, reaction videos, remixes, and related other content.
Owning the Sagaverse token means owning the future of creation. The token is used in all platform transactions and is backed by partial DAO ownership of a growing content library. Token demand comes from staking and platform transactions.
Monetizing is easy. Mint, own, and get paid all from the Sagaverse mobile app. Creators always keep 95% of the revenue they generate. Every time anyone engages with a Saga, owners are rewarded through a Play to Earn model that continuously pays out over the lifespan of the content. Sagaverse’s blockchain protocol ensures attribution and licensing information is carried along and terms are always honored.
Sagaverse allows anyone to support creators through content staking. Anyone can invest tokens earned or by purchasing additional Saga tokens. The more derivative works, engagement, and transactions a Saga has, the more tokens are distributed to its owners and stakers. This incentivizes and rewards creators and fans to build up the Sagaverse network through co-ownership, co-monetization, and co-distribution.
The Sagaverse DAO retains a 5% fee from all transactions for maintaining and growing the platform, and some part is allocated among creators depending on how their content is consumed.
The first product launch of Sagaverse dApp is scheduled for a Q4 2022 release, targeting short-form video Creators, eSports players, 3D artists, 3D animators, developers, and fans of Sagaverse’s future is an open protocol for tokenized rich media.
In late 2023 Sagaverse will open its protocol, allowing publishers to build creation and consumption experiences and enabling publishers to build and launch collaborative web3 media dApps.
While Web2 is not enough for content creators to make a living, Web3 opens an extensive list of opportunities for both creators and fans, allowing both to cooperate, co-create and monetize.
The Sagaverse platform brings together short-form video Creators, eSports players, 3D artists, 3D animators, developers, and fans who create interactive videos and want to monetize their work.
Blockchain technology allows distributing and recomposing of tokenized assets while retaining attribution and licensing information.
Mobilizing communities to create, remix and monetize interactive and AR video
Bringing your digital assets to new audiences
Enabling new revenue from your digital assets
Creating with idols. Activate your community of fans to create, remix and monetize
All this incentivizes and rewards creators and fans to build up the Sagaverse network through co-ownership, co-monetization, and co-distribution.
Their Mission is bold: Empower 1 billion creators and fans to co-create, generate income and thrive through creation and play with interactive visual content.
Near Protocol Collapses Despite Rounded Bottom, Is $6 Possible?
NEAR price continues to struggle on both low and high timeframe despite showing signs of recovery in recent times.
NEAR price trades in a range as the price looks set for a retest of key support areas.
The price of NEAR fails to break above resistance despite forming rounded bottom on the daily timeframe.
Near Protocol (NEAR) has struggled with the less bullish scenarios as many traders and investors are beginning to get fed up with the price action as the price fails to have a relief bounce against tether (USDT). Near Protocol has shown little or no glimpse of relief bounce as the price aims for a retest of its support region at $3. With the current market looking more promising ahead of more relief bounces from altcoins, there are doubts about Near Protocol as the price isn’t as promising as others. (Data from Binance)
Near Protocol (NEAR) Price Analysis On The Weekly Chart
Weekly NEAR Price Chart | Source: NEARUSDT On Tradingview.com
Most crypto projects have found relief in the new month, with altcoins such as BTC, ETH, and even XRP continuing to show strength after weeks of downtrend movement.
The price of NEAR is not looking promising as it continues to move in its downtrend range despite attempting to break $6 and trend above this resistance.
Following a rejection from $6, the price retested its $3.5 support area. Since then, the price has struggled to recover and trend above this support level, with many traders and investors concerned about their NEAR positions.
The weekly price for NEAR closed bearish ahead of a new week, with the price opening with a range price movement, creating mixed feelings as regards the recovery of NEAR. For NEAR price to resume its bullish trend, the price needs to break and close above $6.
Weekly resistance for the price of NEAR – $6.
Weekly support for the price of NEAR – $3.5.
Price Analysis Of NEAR On The Daily (1D) Chart
Daily NEAR Price Chart | Source: NEARUSDT On Tradingview.com
On the daily timeframe, the crypto market cap price remains bullish, holding support at $850 billion ($850B); this has aided most altcoins, but not NEAR, which remains in a range-bound price movement with little price movement.
The current price of NEAR is $3.68, as the price remains below the 8 and 20-day Exponential Moving Averages (EMA), unable to break above this region. The price of $3.75 corresponds to the 8 and 20-day EMA values acting as support.
A break above this resistance region could signal a little relief for the NEAR price that has maintained a downtrend for a long.
Daily resistance for the price of NEAR – $6.
Daily support for the price of NEAR – $3.6.
Featured Image From zipmex, Charts From Tradingview
Bitcoin Shocker: Lightning Network Capacity Reaches 5,000 BTC
The Bitcoin Lightning Network has marked another tremendous milestone. The total public capacity had surpassed more than 5,000 BTC for the first time in history, continuing along with the growing trend of 2022. This new milestone pushes further the capability and promise of the Bitcoin Lightning network. Just like always, there was a reason behind the big push.
Bitcoin Development Ramping Up
The continuous development of the bitcoin network has been a big part of why the digital asset remains so valuable today. Being the largest decentralized network in the space, there are always developers looking for new ways to leverage the offerings of the bitcoin network and push it further into the mainstream.
Lightning Labs is a development firm that continues to focus heavily on bitcoin development and was behind the new all-time high Lightning network capacity. The developer had expanded the channel capacity of River Financial and Loop, allowing for the network to be able to accommodate even more BTC. It also follows the introduction of the new Taro Protocol, whose code was posted for public dissection last week as Lightning Labs continue to expand the capabilities of the bitcoin network.
Lightning network reaches new milestone | Source: Arcane Research
The Bitcoin Lightning network is also becoming increasingly popular among BTC users. MicroStrategy, which holds a large investment position in BTC, made the news when it posted a job offer seeking a full-time lightning network engineer. Apparently, the firm is looking to build a Lightning network-based SaaS platform for e-commerce and enterprise use cases.
Taro Protocol, mentioned above, is working towards making it possible for developers to mint, send, and receive new tokens on the bitcoin blockchain. Take the Ethereum ERC tokens as an example. It will also expand the possibilities of NFTs on the bitcoin blockchain, as well as allow for the creation of stablecoins that are based on the bitcoin blockchain.
BTC price settles above $20,000 | Source: BTCUSD on TradingView.com
The Lightning Network is also increasingly featured in crypto payments services due to its speed. El Salvador had adopted the Lightning network to make it easier to pay with BTC in the country, and digital payment provider Strike raised $80 million in September to expand its Lightning network-based payment solutions for merchants.
Layer 2 solutions like the Lightning Network are also expected to be more important to the bitcoin network going forward. Cardano founder Charles Hoskison recently revealed that he expects the majority of BTC will likely exist outside the bitcoin network in the next five years and be wrapped in these Layer 2 solutions.
Featured image from Coindesk, charts from Arcane Research and TradingView.com
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GMX Token, Arbitrum Favorite Get Listed On Binance, What Next?
GMX price continues to show bullish strength as price increases on all timeframes, as there is no sign of retracement.
GMX is one of the arbitrum favorites listed on the Binance innovation trading interface.
The price of GMX holds above support as price trends on the daily timeframe to create new all-time highs.
GMX token (GMX) has continued to look bullish as the price trend week in week out on the Arbitrum network as GMX token gets listed on Binance innovative center. The price of GMX has seen a rosy start to its launch despite its emergence in the bear market; the price continues to trend and remain bullish even in the face of uncertainty in the market. With the current market looking more promising ahead of more relief bounces from altcoins, we could see the price of GMX token (GMX) doing extremely well. (Data from Binance)
GMX Token (GMX) Price Analysis On The Weekly Chart
The new month has come with more relief for most crypto projects, with altcoins, such as BTC, ETH, and even XRP, continuing to show strength after weeks of downtrend movement.
The price of GMX has continued to show its bullish strength despite being rejected from the $60 mark as the price tried to trend higher, creating a new all-time high.
After a rejection from $60, the price retested its support area of $37 as price quickly bounced off, rallying with great strength to $50. With the current bullish structure, GMX has continued to sustain it is just a matter of time before the price retests its all-time high.
The weekly price for GMX closed bullish ahead of a new week, with the price opening with a more bullish sentiment. The news of the token being listed on the Binance innovation zone is a big plus for the price of GMX.
Weekly resistance for the price of GMX – $60.
Weekly support for the price of GMX – $37.
Price Analysis Of GMX On The Daily (1D) Chart
Daily GMX Price Chart | Source: GMXUSDT On Tradingview.com
On the daily timeframe, the crypto market cap price remains bullish, holding the support at $850 billion ($850B); this has helped most altcoins, including the price of GMX; despite losing its uptrend line, the price has continued to show great bullish strength to reclaim this region.
The current price of GMX is $49.8 as the price continues to trade above 8 and 20-day Exponential Moving Averages (EMA) after flipping this into support for GMX price. The price at $40 corresponds to the values of 8 and 20-day EMA acting as support.
Daily resistance for the price of GMX – $60.
Daily support for the price of GMX – $37.
Featured Image From zipmex, Charts From Tradingview
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