Joystream (JOY)

Joystream is an open-source platform powered by its blockchain and decentralized autonomous organization (DAO). It offers multiple video streaming apps built on its platform, allowing creators to expand their audience without extra effort. Videos uploaded through any app on Joystream can reach consumers of other apps on the network, making it easy for creators to share their content with a wider audience. The platform also provides features such as NFT minting, creator rewards, and creator tokens, enabling monetization opportunities for content creators.

One of the featured apps on Joystream is Gleev, which focuses on Web3 and Crypto content, bringing together creators and viewers interested in the present and future of cryptocurrencies. Joystream also offers l1.media, a community-run gateway for education, news, science, and entertainment beyond borders. As an open-source platform, Joystream allows developers to start their video communities easily with configurable features and DAO support. Joystream’s native crypto asset, the JOY token, is used for platform governance, purchasing NFTs, trading creator tokens, and covering blockchain processing fees.

With Joystream, creators can monetize their videos through NFT sales and royalties. Videos can be turned into NFTs minted on the Joystream network and put up for sale, with creators having fixed prices, open auctions, and timed auction options. Creators receive cash rewards from the Joystream DAO council for publishing videos, with more popular videos receiving greater rewards. Additionally, creators can raise funds by selling their creator tokens on their terms, with token supply able to follow demand effortlessly through the Automated Market Maker. Joystream also allows viewers to support their favorite creators and earn a portion of their revenue, fostering a community-driven and rewarding ecosystem.