Board Entertainment

Inspiration

Existing streamers often have large followings and post their content to YouTube or other sites after streaming on live networks like Twitch. However, this often marks the end of their interaction with that content. Given these followings, we aim to enhance fan engagement and provide additional revenue opportunities for content creators. Theta Board Ent allows any streamer or gamers to transform their collections of streamed content into purchasable contracts and IPFS video groups.

These collections can also be resold and traded by new owners, creating a secondary market.

While many video marketplace platforms exist, they have several limitations:

No dominant platform caters specifically to the streaming market, including both gaming and non-gaming content.
Many platforms do not integrate well with existing streaming networks. Theta Board Ent, however, is agnostic to the broadcasting method, recording method, requiring only that uploaded listings adhere to a particular format and content criteria.
Higher overhead costs are common, but Theta Board Ent, backed by Live Games, allows streamers to reuse existing assets and content. Many streamers are already tech-savvy and can easily port their existing streams onto the platform.
Theta Board Ent is a niche platform focused solely on trending video content creation and streaming, rather than current categories like artwork or real estate.

What it does

Theta Board Ent: Enhances fan engagement and revenue for streamers

Overview:

Theta Board Ent is a platform designed to help streamers or gamers capitalize on their existing content and engage more deeply with their fan base. It enables content creators to turn their streamed videos into purchasable and tradable collections, providing new revenue opportunities and extending the life and reach of their content.
Transform streamed content into assets - collections and contracts where streamers can bundle their streamed content into collections. These collections are then converted into purchasable contracts and stored and can be minted to NFT or tradable assets. This approach allows streamers to monetize their content beyond the initial live stream.
Secondary Market: Once these collections are created, they can be resold and traded by new owners, creating a dynamic secondary market for the content. Broad Integration:
Platform Agnostic: Theta Board Ent doesn’t require specific streaming platforms. Streamers can broadcast on any network (e.g., Twitch, YouTube, Theta Board Ent) and later upload their content to Theta Board Ent as long as it meets the format and content requirements.
Reuse of Existing Assets: Backed by Video-React and LivePeer, Theta Board Ent allows streamers to reuse their existing video assets. This reduces overhead and makes it easy for tech-savvy streamers to port their content onto the platform.
Unique Market Focus: Every assets minted or available on Theta Board Ent will be available for transfer between users or other streamers.
Niche Video Content: Unlike other marketplaces that might focus on diverse categories such as artwork or real estate, Theta Board Ent is exclusively focused on video content. This niche focus caters specifically to the needs of both gaming and non-gaming streamers.
Fan Engagement: By offering memorabilia in the form of purchasable video collections, streamers can deepen their connection with fans. This interaction goes beyond traditional streaming and content sharing, providing fans with exclusive and collectible content.
Additional Revenue Streams: Theta Board Ent opens up new revenue opportunities for content creators. The ability to sell, resell, and trade video collections adds a new dimension to how streamers can monetize their work.
Low Overhead Costs: With the support of LivePeer and Video-React, Theta Board Ent ensures that streamers can efficiently leverage their existing content with minimal additional costs.
Theta Board Ent is a revolutionary platform for streamers, allowing them to transform their content into valuable assets, engage more deeply with their audience, and unlock new revenue streams. By focusing exclusively on video content and being platform-agnostic, Theta Board Ent provides a unique and versatile tool for content creators looking to maximize the value of their streamed videos.

How we built it

Define the Vision and Objectives: We took a bit of the time to research how Theta ecosystem can be implemented regarding gaming platforms, streaming and content creation and sketched out the plan to follow to build Theta Board Ent.
Vision: The sole focus was to create a platform that allows streamers to monetize their content by converting it into purchasable and tradable collections.
Our intentions: Enhance fan engagement, provide additional revenue streams, and create a secondary market for video content.
Market Research: The trending gaming content creation on YouTube and Twitch has grown massively over the year which makes Theta Board Ent improvise the power of Theta ecosystem to join the market flow and get ahead through decentralization.
Analyze Competitors: Study existing video marketplace platforms to identify strengths, weaknesses, and gaps.
Target Audience: Identify the primary users (streamers and fans) and their specific needs and preferences.
Technology Trends: Keep up with the latest trends in blockchain, decentralized storage (IPFS), and video streaming technologies.
Functional Requirements: Define core features such as video upload, metadata management, contract creation, trading, and resale.
Non-functional Requirements: Consideration performance, scalability, security, and user experience.
Compliance: Ensure compliance with legal and regulatory requirements related to digital content and online transactions.
Architecture Design: The design of the webpage was made through react frameworks and figma workshop.
Frontend: User interfaces for streamers and fans. Technologies like React was be used for building responsive and dynamic UIs.
Backend: Server-side logic, API endpoints, and database management. Frameworks like Node.js with Express, Django was used.
Blockchain Integration: Smart contracts for creating and managing video collections as digital assets. Ethereum or Theta Blockchain were suitable platforms.
Decentralized Storage: Use IPFS for storing video files securely and efficiently.
Authentication and Authorization: Implementation of smart contract auth by metamask or any other accepted wallet connection providers.
Data Encryption: Ensures data encryption both at rest and in transit.
Database Integration: Set up the relational and NoSQL databases, and ensure seamless integration with the backend.
Video Processing: Implement video processing functionalities like transcoding and thumbnail generation.

Challenges we ran into

There are a lot of limitations during the development of Theta Board Ent and the main challenge we had was finding the right idea to implement and making sure the app was able to convey the idea projected. We had a challenge with board game integration and smart contract syncing.

Accomplishments that we're proud of

We are proud to be able to develop on the Theta blockchain ecosystem.
Communicating with the blockchain was very difficult at some point and exciting also with the help of the documentation provided during the hackathon duration.

What we learned

We gained proficiency in modern frontend frameworks and libraries such as React.
Responsive Design: We learnt how to create responsive and user-friendly interfaces that work seamlessly across different devices and screen sizes.
Theta Blockchain Fundamentals: Understand the basics of blockchain technology, including how it works and its applications.
Smart Contract Development: We learnt how to write, deploy, and interact with smart contracts on platforms like Ethereum or Metamask.
Security Audits: Develop skills in conducting security audits for smart contracts to identify and mitigate vulnerabilities.
Roadmap Creation: Learning how to create a project roadmap with clear milestones and deliverables.

What's next for Theta Board Ent

Introduction of mobile and board games on Theta Board Ent to enable more flexibility for gamers and streamers.
Incorporation of common/trending games API to host tournament and competition through Theta blockchain to enhance more