Wave: Introducing film copyright into the Web3 world and reshaping the entertainment industry
"The really meaningful thing is broader collective enlightenment."Tesla (TESLA) CEO Elon Musk said so.
As we all know, the main problem faced by centralized streaming media platforms is excessive control over content. With the development of the industry, it is no longer an industry secret that mainstream streaming media platforms have changed their product strategies in order to increase profits, including producing and supporting a lot of low-quality content. The platform side pursues the quantity of content, not the quality. One of the possible consequences is to paralyze the public's curiosity about knowledge. Although this type of content will attract viewers in the short term, it will not provide much value for a few hours of reading or watching. However, the truly talented artists and creators are not known to the public.
From this perspective, Web3 streaming platforms may solve this problem and bring more value in the future.
Every artist has its own audience, and creators and producers should have the freedom to present their work to the audience. The Metaverse is so vast and diverse that, like nature and its ecosystems, all works have their creative meaning. If driven by curiosity, people can "dive down the rabbit hole"; we should allow more work to exist, and with it, more value.
recently launchedWave platformsecondary title
An Open Global Entertainment Ecosystem - Wave
Wave is an open global entertainment ecosystem and a new dynamic digital asset market. Where people can easily browse and find music, short films, movies, animation and art collections.
The app's breakthrough innovation is the distributed storage function and supports users to watch long videos. This solves the pain point that movies cannot be spread on the decentralized platform due to the limited storage function of IPFS. Through these key innovative upgrades, users can enjoy full Web3 movies and at the same time have partial or full ownership of the rights to digital assets.
Essentially, everyone can distribute movies. Users can own rights to EVT movies such as distributing ticket sales and creating events around the concept of the movie.
This is revolutionary for the film industry. In the past, only theaters had limited-time movie screening rights, but on the Wave platform, anyone can create their own metaverse cinema through EVT, and audiences can come from all over the world. The "cinema" in the Web3 era has also broken through the size and seat limit of traditional offline cinemas.
Currently, Wave has released the first movie EVT titled "Uncle Victory" on November 1, 2022 (Note: The Chinese independent film "Uncle Victory" was released in 2014, directed by Zhang Meng, and received a lot of attention from China, Canada, Italy and Taiwan. A favorite of Indian movie buffs.)
"Victory" EVT issued 300 copies in the first issue, and all were sold out within 40 minutes of its launch, which was widely welcomed by users.
Fast forward to 2022, and the movie EVT is historic in many ways. It is the first digital collection of independent films released on the public chain. Movie EVT also demonstrates that EVT's innovative technical structure can support its global distribution and return value to its producers and users through ticket resale and rights management. Movie EVT holders will have distribution rights, commercial design creative rights and resale rights. Essentially, if people want to, they can build their own streaming network through the WAVE app.
Web3 is the value that users get from the decentralized network through creation and participation. With the global release of the first movie EVT, we can see that Web3 is landing. The project has created "Victory DAO" to allow fans and participants to actively create work sequels or other activities related to the movie, and the future content will be more diverse and interesting.
