Small businesses are suffering losses due to COVID self-isolation: no clients, no revenues. They don’t know how to promote and sell online. Otherwise people have a lot of free time that they would like to spend with max benefits and pleasure.
We are all music lovers and constantly face the difficulties of finding quality content, ready to pay for it. There are a lot of huge monopolistic platforms on the market, which have either too wide niches or narrow ones, particularly for gamers only. We wanted to make a service that allows listening to your favourite music artists anywhere at any time.
A decentralised streaming platform for live music events.
How it works
- Streamer (event organizer) creates an account, unique PayID identifier.
- Streamer schedules a new stream and sets up monetization options (ticket, donations goal, products, ‘pay as you watch’).
- Streamer publishes a link to her social media, website, etc.
- Depending on the selected payment option, users buy a ticket or pay per second, get access to the stream, chat, make donations or buy goods via wallet that support PayID within the browser extension.
How we built it
We compiled a business canvas, interviewed people and researched the market to identify problems, competitors and possible solutions. Then we created a design and a prototype, filmed and mastered the footage video, set up a PayID server on a local machine, but haven’t finished the full integration.
Challenges we ran into
It was difficult to decide exactly how we are going to focus on functionality. Will it be possible to post events for other categories, how to make the process simple, clear and familiar to users. We haven’t managed to implement streaming payments and will try to add this feature after the hackathon.
Accomplishments that we're proud of
We have built a cool platform that we're gonna use ourselves!
What we learned
We have realized that the virtual world is much wider than we can imagine. Every year the number of hours spent online is growing and the percentage of broadcasts in this segment is significant. We had a chance to learn more about the newest payment systems and decentralized platforms.
What's next for Watch & Listen
We plan to dig deeper into the nuances of online events and do everything to create a better experience, allowing users to create new types of leisure and allow talented people to earn more.