GazeTV: Unearthing the determinant of global adoption of blockchain technology in the entertainment industry

Right from the 19th through the 20th century, entertainment crept into full force as an industry amidst the boom and glamour that the technological industry meted out. This was an industry that somehow, seemed like it wasn’t a necessity because there was no technology as of then to facilitate its use and adoption. However, the advent of the 21st century brought a different phase to it. Arts, entertainment, and music were on the rise and this continued albeit at a slothful pace until the internet was harnessed and utilized in a way that it seamlessly joined the hems of the entertainment world together under a common umbrella. Interestingly, adoption isn’t just always more people realizing and making use of a product or system, it also entails innovation, healthy competitions, economic advancements, amongst others. The adoption and innovation of the internet for entertainment gave birth to the advent of ‘Social Media’ and that was the predecessor of the social facet of entertainment, which is also termed Social Entertainment.

GazeTV: What’s it all about?

Just like the internet backed and revolutionized the entertainment industry, Blockchain Technology has been a major player and the backbone of the cryptocurrency world. It has helped cryptocurrency platforms gain global recognition and gave them one of their major selling points: decentralization. Regrettably, social entertainment has had some major setbacks and they include minimal incentives for creators and audiences, no transparency, high fees for payment transactions, in-stream advertising mechanisms that can ruin the user experience, etc. Now imagine how revolutionary it would be, to have social entertainment decentralized and in the hands of individual users. This would stop the abuse of data and privacy breaching which has been a major concern for years now across all Social Media platforms. Now, that is what GazeTV brings to the table, and even more.

GazeTV is an innovative social entertainment platform with built-in tokenomic incentives and reward functions. Harnessing the advantage of blockchain technology, the GAZE tokenized ecosystem is built to empower creators and audiences to interact, support, and grow with each other like never before.

The GazeTV concept incorporates;

1. A fast and efficient social entertainment platform

2. Target user groups that consist of content creators and an audience of 18–55 years old, internet-savvy generation

3. Optimized tokenized incentives mechanism as well as staking and redemption mechanism

4. Automated content synchronization

5. Highly efficient blockchain technology with tokenized ecosystem built for creators and audience

6. Transparency of data visualization and metrics

7. Fast content revenue distribution

8. Personalized experience through customized homepages and interest categories

9. A culture of great support

10. On-platform swap feature

The GAZE Token

Just like most crypto platforms, GazeTV uses a utility token to drive its ecosystem. The GAZE token is an ERC-20 compatible token running on the Ethereum blockchain. This also implies that it can be transferred to any ERC-20 compliant wallets. The token’s CA (Contract Address) is 0xD1E06952708771f71E6dd18F06EE418F6e8FC564.

Its utilities/uses on GazeTV are but not limited to:

Payment for contents

Incentives for content upload and content engagement

Tokenized content transaction revenue distribution

Donate/directly support creators

Stake for gifts redemptions

Benefits in a nutshell

For creators: Creators have access to direct donations and supports, staking, earning through content uploads, set price for content, engagement rewards, and immediate collection of content transaction rewards, amongst others.

For the audience: The audience can earn while watching, stake, receive engagement rewards, direct support to creators, customized content based on interest categories, etc

For GAZE holder: GAZE token holders, there are increasing utilities for GAZE, adoption will drive the growth of the GAZE tokenized system, and more on-platform utilities will be added from the second phase of the roadmap.

Conclusion

GazeTV is here to make a change in the entertainment industry and blockchain technology is its major selling point. Harnessing the power and technology of the blockchain, GaveTV is scalable and will develop to a platform that will be capable of replacing Facebook, YouTube, and even google.