Short Story

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  • Problem statement :

    Creating and investing in film and video projects should be transparent and lucrative. However over 50% of revenue made goes to middlemen.

    Describe your solution to the problem

    A decentralized platform that ties future residuals to tradable NFTs. Mint and sell tokens tied to residuals for upfront funding.

    Relevant experience

    15 years of experience in entrepreneurship, film production, and product development + management

    https://www.linkedin.com/in/tyler-wales/

    Website/GitHub repository (not required) https://cinedao.com/
    Detailed plan (not required) – Fill in here any additional details

    Our mission is to build transparent participatory ecosystems for the film and video industry by connecting content consumers, creators, publishers, and investors through crowd based funding instruments built on Cardano.
    The global video streaming market is forecasted to grow at a compound annual growth rate rate of 20.4% from 2020 to 2027, reaching USD 184.2 billion by 2027. Source: Grand View Research – https://www.grandviewresearch.com/industry-analysis/video-streaming-market
    Currently this market is dominated by iTunes, Netflix, Amazon, Youtube, Disney, HBO, and major Hollywood production studios. So how does one disrupt an industry that created such a sticky user-experience that the term binge-watching was created to describe consumer behaviour?
    The short answer is we tackle it in pieces. Independent content creators experience the biggest pain points. Funding projects is extremely difficult and seeing ROI only occurs after streaming platforms, distributors, and production houses all take their cut.
    Presenting CineFund, an economic incentivized Decentralized Exchange for tokenized Unique (non-fungible) assets pegged to historic and real time performance of streaming content.

    The bullet points above are a bit of an oversimplification. Building a lasting economic model that redefines how creative content can be funded and monetized is going to take significant research, design, development, and marketing hours. We intend to use funds secured in Fund3 for research, discovery, and the early stages of design and develop. All of our work will be open source with the intention that what we discover, design, and build can be used by other teams trying to solve similar problems.
    Success / KPIs

    • Legalities of creating and exchanging tokenized Unique (non-fungible) assets pegged to measurable data determined.
    • Landing page for CineFund
    • 5 educational medium articles published
    • Establish community:
    • Email list with 200+ folks interested in tokenizing and/or investing in non-fungible-assets pegged to streaming video performance
    • Active Discord channel with 100+ users
    • Establish twitter presence 100+ followers
    • User stories for content creator and content investor fleshed out
    • Wireframe / prototype of platform finished
    • Non-fungible asset tokenization functionality completed
    • Survey community to help determine MVP functionality with the goal of getting 30% response rate

    Founding Team

    Tyler Wales – 15 years of experience in tech and media. Well rounded with experience in design, development, and project management roles. Currently a mentor at Portland Incubator Experiment
    https://www.linkedin.com/in/tyler-wales/
    Wiley Watson – Award winning film director and editor.
    https://www.wileywatson.com/
    Advisors
    REACH – Reach is the fastest, safest, and easiest way to build blockchain applications. As the gateway for all blockchain development, no matter what protocol you choose, Reach provides the tools for a DApp to be built in a matter of days instead of months. https://reach.sh/
    More details coming soon…
    Join discord and find #cinedao to connect and learn more – https://discord.gg/TeaHjyywvZ

    Requested funds in USD. Only use numbers! No symbols, letters, fractions. Payment will be in ada. $15,000

    Which of these definitions apply to you? Entrepreneur, Developer

    Want to register as a community advisor? Confirm all following statements are true: I want to serve as a community advisor. I did not submit a funding proposal for Fund3. I am not affiliated with any proposing team in Fund3. I commit to provide fair and thoughtful reviews. One or more of the above statements are false.

    Tags

Cinefund

Goal: $15,000.00
318 Campaigns | 0 Loved campaigns

Story

Video Streaming Market Size, Share & Growth Report, 2020-2027The global video streaming market is expected to experience significant growth in the coming years. Rising internet and smartphone penetration and adoption of new technologies like Artificial Intelligence and Block-chain technology are some of the major growth drivers

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