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Web3 space is seeing revolutionary platforms entering the sector. From entertainment to healthcare, several companies have gotten familiar with the next iteration of the internet. Script Network (SCPT) remains among such revolutionary platforms, a decentralized on-chain streaming network.
Empowering Users With Blockchain Technology
The platform uses blockchain as its underlying technology to resolve problems persisting in the traditional streaming market. Alongside high-quality videos, the platform provides users with incentives for the time they spend on the network. Who would deny generating revenue while binge-watching their favorite shows or movies.
The present Internet or Web2 does not provide many monetization opportunities to its users. Moreover, the fact that it crawls with industry titans like YouTube, Netflix, Amazon and more makes the environment more centralized. Script Network will enable its users to own and govern the platform using its native token.
Script Network comes with another token, SPAY, which can be earned through watching ads or caching. In simple words, SCPT is used for governance on the platform, while SPAY is more of a utility token. While the maximum supply for the former remains at 1 Billion, the latter’s remains at 5 Billion.
Data shows that there are currently 1.8 Billion users utilizing streaming services globally, almost 25% of the world population. With Script Network providing the aforementioned perks, the company can catch many eyes on the platform. Web3 provides users with fascinating concepts, including play-to-earn and move-to-earn.
Join The Pre-Sale Now
Users can join SCPT pre-sale to access future benefits. As of now, 1 SCPT is valued at $0.00947, with 11.9 Million tokens sold and 58.3 Million remaining. Apart from governance, Script Network’s native token incentivises users and validates blocks. There will only be a limited supply of tokens and no new tokens will be issued.
The Web3 streaming company has an interesting roadmap, with their full mobile app version expected to be launched this year only. They also look forward to launching their dStorage service in Q2 2023. The company will also make moves to build partnerships with renowned brands and media organizations.
What makes this platform more reliable is its core team. They have people from mainstream organizations, including Electronic Arts, Sony, Spotify, and HBO. The network holds a vision to bridge the gap between Web3 and the streaming industry, and these allies can help the users to regain control over their data.
With its unique initiative, Script Network tries to bring the watch-to-earn concept to the mainstream. The platform will help the entertainment industry to reach new heights by attracting new users from across the globe. The project holds a market capitalization of $457.3 Billion and is expected to reach $676.6 Billion by 2027 at a CAGR of 11.7%. Moreover, the network will go live on over 100 Million devices globally.
With Web3 growing faster, Script Network will be among the leading entities in the streaming segment.
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Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
