Tron and Opus Blockchain Crypto Projects Set for Decentralized Entertainment Economy Transformation
Crypto Projects Like Tron and Opus Transforming Decentralized Entertainment Economy
Content creators have been siphoning a big chunk of their earnings silently to a several hands. When they create content and people get to purchase or watch their work, only a small percentage ends up in their pockets. The remaining goes to a number of intermediaries, including whatnot, performance rights organizations, publishers, distributors, and online stores.
Projects in the crypto sector have come up to fix this, offering a decentralized platform for a new digital entertainment economy. There is no governor or intermediary. Such a project works with an open source code that’s written in advance, with the main focus being peer-peer finance and content models. This means that what an artist creates can get monetized using P2P channels directly, with the consumer receiving high quality content.
Tron Aims to Change the Entertainment Landscape
The Singapore-based firm, the Tron Foundation, is utilizing blockchain technology in a bid to advance decentralized content sharing. The platform hopes to decentralize the entire web through incentivizing participants for upvoting, redistribution and sharing content.
So far, Tron has launched TRX, its native token, which is used to incentivize as well as handling other payment settlement needs. However, the biggest milestone the project has had is the partnership with Paiwo and BitTorrent, a P2P content distribution network. For BitTorrent, users get TRX tokens for seeding files, improving the entire network.
Opus: Decentralizing The Music Industry
Opus is another revolutionary project. It’s based on the Ethereum network, and focuses on decentralizing the music industry, enabling all artists to earn 100% of profits generated from their content. Opus utilizes smart contracts to provide an even-field for artists. Like Tron, the project rewards users for simply creating playlists on the platform and sharing them with their peers. All contributors are pain in OPT tokens.
Notably, digital entertainment has proved to be a perfect breeding ground for decentralized economies. With time, people will get the freedom and power to govern their own content, sharing, and earnings, without the need to involve intermediaries. According to a report by PwC, distributed decentralized entertainment economy is growing rapidly, and will be worth a whopping $335 billion by 2025.