The numerous ways cryptocurrency and Web3 have been beneficial to industries are sometimes underrepresented. Businesses, entrepreneurs, investors, and individuals are reaping the rewards of recent advancements in the Web3 space, and, not to be left out, the video and streaming industry is already starting to reap the benefits of its ongoing integration with Web3. With the introduction of a Watch-to-Earn concept (W2E), Web3 aims to revolutionize the video space from an industry focused on profit for corporations to one that is more inclusive. Web3 is creating a system of balance by updating a system where only creators and the big platforms earn – leaving out viewers – to a more inclusive system where viewers get rewarded for watching their favorite creators on video platforms such as YouTube. How Web3 is Creating a Beneficial Ecosystem With Video Hosting & Streaming Here is where we witness the incorporation of blockchain into an estimated $80.83 billion video streaming industry. The coalition of these powerful forces will create fertile ground for the growth of a technologically-driven video streaming ecosystem, where equal opportunity for every user to become a team player exists, including viewers. In addition, bringing Web3 into video industries such as YouTube will positively revamp some foundational operational policies and norms. The following benefits will accompany the introduction of Web3 to the video...
