The team behind SingularDTV, a blockchain-based digital content distribution and management platform, is planning the launch of a decentralized system in which artists and digital content creators can build, monetize, protect and manage their creations using the blockchain technology. Based on the Ethereum network and the ConsenSys venture production studio, SingularDTV relies on a tokenized ecosystem using a local cryptocurrency called SNGLS to help artists and creators benefit from transparent media production and distribution. Essentially, the SingularDTV platform aims to construct a decentralized entertainment industry in which content creators have complete control over their creations and monetization methods. Its four core divisions — content creation & acquisition, documentary division, rights management platform and TVOD Brand/Portal — allow creators to display, distribute and produce films, television properties and music while protecting their copyrights in one single platform. The SingularDTV team and its CEO Zach Lebeau believe that the platform will lead to the development of new monetization methods and will eliminate monopolistic distribution that inevitably lessens the profit of artists and filmmakers. “It [the platform] will give artists control over setting usage policies for their created content and pay them instantaneously when their content is watched, rather than having to participate in the monopolistic and obfuscated distribution machine of the legacy entertainment industry that ends up eating away at their potential profits,” Lebeau told Bitcoin Magazine in an interview. Joseph Lubin, CTO of SingularDTV, further emphasized that artists and filmmakers will be able to maximize their earnings by eliminating the presence of third-party institutions or mediators like Netflix and YouTube to manage and distribute their content. The platform is gearing towards a consumer-to-creator network in which consumers may access the creator’s works without accessing an external application. Through the utilization of smart contracts, consumers will be able to make payments […]
