There are many underrated and unrecognized content creators who work hard every single day without much recognition. With the existing social media platforms, these creators do not get enough for the work they put in. What if we can help them by connecting their abilities with new-age tech?
What it does
About:
We have built a dApp on top of the polygon ecosystem by which content creators can mint their own NFTs and sell it to their fanbase. Users can also donate to these creators to show support to them by way of donation of some Crypto(in this case: ETH) and can avail some perks such as access to exclusive video NFTs. Apart from this, another feature which has been implemented is highlight extraction. In this, the creator can upload a specific video and highlights of important parts of the video can be generated from it and be sold as video NFTs as mentioned above.
Decentralized video storage allows video to be passed between users, free from the restrictions of any one platform. This will
likely help creators bypass censorship, allowing them to share and monetize content that might not be accepted by YouTube or Instagram.
A new way to build up a fanbase before the video is released
Releasing posters or exclusive scenes as NFTs before a video or movie is released can build hype around the project.
Another way to release exclusive editions like in the blockbuster days
While the days of exclusive edition dvds are behind us, NFTs provide a new format for releasing special versions of videos and films by the content creators.
Challenges you ran into
Highlight extraction of a particular video NFT ,as ffmpeg was a big challenge to integrate within our application.
A reliable model or algorithm with which we could recommend the NFTs' value based on the creators engagements.
Was pretty challenging to put all of our data on-chain into ipfs rather than using any backend.
We were also facing issues while hosting the website and IPFS hosting was something we were not familiar with, which was also definitely a challenging task.
Anything else?
Future Scope:
Unique NFT Collections per video.
Recommendation of NFT Value based on number of likes and views.
Video highlights based on most replayed parts of the video.
Team Name
Heavy Noobs
Team members (if changed)
Member #1 Name: Pranav Desai Email: pranavdesai.psd@gmail.com Twitter handle: PranavvvDesai Discord ID (with #tag); bambani#4742
Member #2 Name: Sahas Vivek Email: sahasvivek001@gmail.com Twitter handle: SahasVivek7 Discord ID (with #tag); Sahas#4752
Member #3 Name: Harsh Singh Email: harshsingh16d@gmail.com Twitter handle: harshS_16 Discord ID (with #tag); HarsH#5790
Member #4 Name: Swarup Kharul Email: swarupkharulsk@gmail.com Twitter handle: SwarupKharul Discord ID (with #tag); Swarup Kharul#4573
Project Name
KryptiFi
Contact Details
pranavdesai.psd@gmail.com
Project Track
NFT, Art & Gaming
Sponsor Bounties
IPFS Filecoin, Alchemy
Link to project GitHub public repo
https://github.com/pranavvdesai/kryptiFi
Link to project website
https://krypti-fi-app.vercel.app/
Link to demo video
https://drive.google.com/file/d/1_I45ciyjpYE36wjf8XE0e9-WUkMQfghl/view
Contract address
marketplaceAddress = https://mumbai.polygonscan.com/address/0xa45608244d289E8030c35f4A58e94A018bC4dD71 creatorAddress = https://mumbai.polygonscan.com/address/0x46d9315643D2391e51b32DBE7d4b2D74a9c8Abe3
Inspiration
There are many underrated and unrecognized content creators who work hard every single day without much recognition. With the existing social media platforms, these creators do not get enough for the work they put in. What if we can help them by connecting their abilities with new-age tech?
What it does
About:
We have built a dApp on top of the polygon ecosystem by which content creators can mint their own NFTs and sell it to their fanbase. Users can also donate to these creators to show support to them by way of donation of some Crypto(in this case: ETH) and can avail some perks such as access to exclusive video NFTs. Apart from this, another feature which has been implemented is highlight extraction. In this, the creator can upload a specific video and highlights of important parts of the video can be generated from it and be sold as video NFTs as mentioned above.
Decentralized video storage allows video to be passed between users, free from the restrictions of any one platform. This will likely help creators bypass censorship, allowing them to share and monetize content that might not be accepted by YouTube or Instagram.
A new way to build up a fanbase before the video is released
Another way to release exclusive editions like in the blockbuster days
Challenges you ran into
Anything else?
Future Scope: