Ritestream (RITE) is an on-chain crowdfunding platform designed to support creators in the film and TV industry. Approved creators, whether they have a brand new idea or an established franchise, can list their projects on the ritestream platform. Once funding is achieved, milestone fund releases that align with the proposed production schedule enable creators to bring their stories to life. Funders have the opportunity to directly invest in and support the projects they love, receiving fractionalized digital asset ownership that matches their contribution.
The ritestream platform aims to disrupt and democratize the creator economy by addressing the challenges faced by creators when seeking funding and maintaining control of their original vision. The team behind ritestream includes industry experts, such as academy award-nominated producer Riaz Mehta, who has an impressive track record of successful TV shows available on platforms like Netflix, Fox, Discovery, and Hulu. With ritestream, creators have a platform that understands their needs and provides a supportive environment for funding and project development.
As a web3 crowdfunding launchpad, ritestream recognizes the changing creative economy, where independent content creation is becoming more prominent through platforms like TikTok, YouTube, and Twitch. However, traditional funding sources often lead to delayed production, compromised artistic integrity, and unfair returns. ritestream challenges these outdated models of funding and ownership, offering creators a new pathway to bring their stories to the world while maintaining control and receiving support from a vibrant community.
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