CryptoStream: Empowering Indie Video Creators - Tip, Vote & Fund via Cardano Blockchain!

[GENERAL] Name and surname of main applicant

Oleskii Herasymchyk

[GENERAL] Email address of main applicant

birblewin@gmail.com

Additional applicants

Birble AI Team

And

Rafael Cardoso

[GENERAL] Please specify how many months you expect your project to last (from 2-12 months)

6

[GENERAL] Please indicate if your proposal has been auto-translated into English from another language.

No

[GENERAL] Does your project have any dependencies on other organizations, technical or otherwise?

No

[GENERAL] If YES, please describe what the dependency is and why you believe it is essential for your project’s delivery. If NO, please write “No dependencies.” .

No dependencies

[GENERAL] Will your project’s output/s be fully open source?

Yes

[GENERAL] If NO, please describe which outputs are not going to be open source. If YES, please write “Project will be fully open source.”

Project will be fully open source

[METADATA] Category of Proposal

dApp

[METADATA] SDG rating

SDG rating:

SDG rating:

SDG Goals

8 - Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all employed within our ecosystem

SDG Subgoals

8.2 - Achieve higher levels of economic productivity through diversification, technological upgrading and innovation, including through a focus on high-value added and labor-intensive sectors

Key Performance Indicator (KPI)

[IMPACT] Please describe your proposed solution.

Content creation plays a pivotal role in the dissemination of knowledge and fostering adoption within the Cardano ecosystem. However, content creators often face challenges in terms of generating sustainable income and recognition. Our proposed platform aims to address these issues and revolutionize the content creation landscape.

Through our platform, community members will have the opportunity to submit proposals for content to be created on our Crypto Stream YouTube channel. These proposals will be subjected to community voting, enabling the Cardano community to actively participate in shaping the content direction. Content creators can apply to bring these proposals to life, ensuring a collaborative and community-driven approach to content creation.

To facilitate this process, we will establish a decentralized autonomous organization (DAO) to govern the platform and content creation. Any member of the Cardano community can join the DAO by minting a voting pass, which grants them voting rights within the DAO. These voting passes will also serve as a means to fund the DAO's treasury.

Content creators who wish to participate in the DAO as official creators will need to possess two voting passes and provide relevant information about their experience. This ensures that only qualified and committed creators are part of the platform. These creators will have the ability to respond to suggestion-proposals and create direct proposals themselves, thereby shaping the content landscape.

Companies and projects within the Cardano ecosystem can also engage with the platform by acquiring three voting passes. They can create proposals for sponsored content, which will receive priority in the governance process. By allocating tokens and NFTs, projects can incentivize content creators to produce sponsored content that aligns with their objectives. A portion of the sponsored assets will contribute to the DAO's treasury.

To encourage community participation and engagement, we will introduce community voting rewards. Each vote for a proposal will count as an entry into a monthly raffle, offering the chance for random users to win rewards. This incentivizes community members to actively participate in the governance process and contribute to the platform's growth.

Our platform will feature a dedicated dashboard that provides community members with access to proposals, approved content, and personalized voting capabilities. Through the integration of AI algorithms, the platform will also offer content suggestions tailored to each user's preferences, enhancing the viewing experience.

Furthermore, the platform will enable content creators to receive tips for their videos, providing an additional avenue for recognition and support from the community. This fosters a sense of appreciation for the creators' hard work and dedication.

By combining the collective wisdom and engagement of the Cardano community, our platform will become the go-to destination for learning about Cardano. Through community-driven content creation and governance, we aim to promote the growth and adoption of Cardano, while empowering content creators and providing valuable educational resources.

The value of our solution lies in the community's active involvement and influence over the platform's content. By leveraging the power of blockchain technology and the decentralized nature of Cardano, we create a platform that fosters transparency, inclusivity, and innovation. Together, we will shape the future of content creation on Cardano and contribute to its overall success and global recognition.

MVP Can Be Found Here: https://birbletube.netlify.app//

[IMPACT] How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?

Our vision is to create a groundbreaking DAO platform centered around content creation, featuring a meticulously designed governance structure that ensures consistent delivery of high-quality content. In addition, we are actively developing a dedicated DAO infrastructure for Cardano, enabling on-chain voting that aligns perfectly with the decentralized content creation process. Essentially, we are forging an entirely new DAO community on the Cardano blockchain.

Blockchain technology can be complex, especially for those less familiar with its intricacies. That's why we recognize the need for educational content that not only explains the values and benefits of blockchain but also provides practical guidance on how to utilize these technologies effectively in everyday life.

Our platform caters to this demand, empowering the community to ask questions, shape educational and marketing content through DAO voting, and ensuring that content creators have a lucrative incentive to keep producing valuable materials.

Our proposed solution directly tackles the challenge faced by independent video creators on traditional streaming platforms, offering them an alternative avenue for sustainable income and funding. Leveraging the capabilities of the Cardano ecosystem, we will establish a platform that empowers creators, allowing them to receive direct funding from the community through a decentralized treasury.

The integration of AI technologies further enriches the content consumption experience, leading to heightened engagement and viewer retention. Personalized recommendations and curated content will attract a larger user base to the platform, fostering a vibrant and active community. This growth not only benefits content creators by expanding their audience reach but also contributes to the overall advancement and adoption of Cardano as more users actively participate and transact within the network.

In terms of impact, we anticipate a significant influx of independent video creators seeking sustainable income options to join our platform. By providing a direct connection between creators and their audience, coupled with innovative funding mechanisms driven by community demand, we expect to witness a continuous rise in the number of creators opting to showcase their talents on our platform.

Moreover, as the user base expands, the demand for Cardano's native cryptocurrency, ADA, is likely to increase due to the integration of tipping and funding functionalities. This heightened demand has the potential to bolster the adoption and value of ADA within the broader cryptocurrency ecosystem.

In summary, our project not only addresses the fundamental challenge of funding for independent video creators but also contributes to the growth and widespread adoption of Cardano. By cultivating a thriving community of creators and users within a self-sustaining ecosystem, we harness the transformative power of blockchain technology, empowering content creators to flourish in the digital realm.

Quantifying the Impact: Metrics for Success

1. Collaborating Communities: Our project aims to engage and empower four key communities within the Cardano ecosystem: the content creator community, the wider Cardano community, individuals seeking to learn about Cardano, and projects building on Cardano. The success of our project can be measured by the number of active collaborations established between these communities, showcasing the effectiveness and inclusivity of our platform.
2. ADA Transaction Fees: As our proposed solutions are implemented, we anticipate generating ADA revenue from various sources. This includes proceeds from an NFT sale and regular transaction fees associated with content creation voting. With an estimated transaction fee of 0.2 ADA and at least five proposals per week, we project an annual transaction fee revenue of approximately 52,000 ADA. This metric showcases the financial sustainability and revenue potential of our platform.
3. Adoption of Cardano as a Governance Chain: We aim to contribute to the growth of Cardano by facilitating the utilization of Cardano as a governance and management chain. This metric demonstrates the increasing recognition and adoption of Cardano for decentralized governance purposes.
4. Expansion of DAO Toolset/Frameworks: Our project seeks to enhance the toolset available for DAO operations. We aim to develop a governance framework specifically tailored to our project's needs and a unique voting toolset to accompany it. By offering an additional governance framework and innovative tools, we contribute to the overall diversity and sophistication of the DAO ecosystem within Cardano.

These metrics provide tangible indicators of success for our project. They highlight the growth of collaborative communities, the financial viability of our platform, the adoption of Cardano for governance purposes, and the expansion of tools and frameworks within the Cardano ecosystem. By achieving these goals, we contribute to the long-term productivity and growth of Cardano while fostering a vibrant and sustainable content creation environment.

[IMPACT] How do you intend to measure the success of your project?

We intend to measure the success of our project through a combination of quantitative and qualitative metrics. Here are some key measures we will use to evaluate the project's benefits for the Cardano ecosystem:

1. User Adoption: We will track the number of new users joining the platform, both creators and consumers, as a measure of the project's ability to attract and engage participants within the Cardano ecosystem. Increasing user adoption indicates the platform's appeal and relevance.
2. Content Engagement: We will monitor metrics such as the number of video views, comments, and user interactions to assess the level of engagement and content quality. Higher engagement signifies a thriving community and demonstrates the value of the platform for both creators and consumers.
3. Community Feedback: We will actively seek and analyze feedback from users to gauge their satisfaction and identify areas for improvement. This qualitative measure will provide insights into user experiences, preferences, and the impact of our solution on their engagement with Cardano.
4. Financial Transactions: We will track the volume and frequency of financial transactions conducted through the platform, including tipping and funding activities. Increasing transactional activity indicates the platform's effectiveness in facilitating financial interactions and the utilization of Cardano's native cryptocurrency.

In the short term, our innovation will contribute to Cardano's productivity by attracting new users and fostering a vibrant community around the platform. This increased activity will drive transactions and usage of ADA, enhancing the liquidity and utility of the cryptocurrency.

In the long term, our project has the potential to position Cardano as a leading blockchain platform for supporting independent creators. By providing a sustainable income model and fostering a thriving ecosystem, Cardano will attract a diverse range of talented creators, fostering innovation and creativity.

This, in turn, will enhance the overall growth and reputation of Cardano as a blockchain platform that supports real-world applications and empowers content creators.

Ultimately, the success of our project will be measured by the positive impact it has on the Cardano ecosystem, reflected in increased adoption, user engagement, financial transactions, and the overall satisfaction of the community.

To track our project we will look at things such as 

Adoption

• Number of people in discord
• Number of people actively participating in discussions
• Number of Voting Passes Minted
• Number of Voting Pass Holders
• Number of Content Creators Registered

Governance

• Number of Proposals Created
• Percentage of Proposals Approved
• Percentage of Participation in Voting
• Number of Votes 
• Number of Sponsorships

Youtube Channel

• Track Views
• Track view growth
• Track Subscribers 
• Track subscribers growth
• Track Likes

Content Creation

• Number of Videos Produced
• Average time to launch a video
• Different Content Creators Funded
• Total amount of content funded.

Platform

• Number of visits to plattform
• Number of creators registered
• Number of Tips
• Value made with Tips 

Maximizing Metrics for Success

Our commitment extends beyond mere metrics. We aspire to cultivate an exceptionally vibrant and dynamic DAO that consistently generates compelling content. Our platform will foster active engagement, provide unwavering support to content creators, secure sustainable funding, and expand their reach to a wider audience. Moreover, we envision our platform as a driving force in promoting projects within the Cardano ecosystem, amplifying awareness and understanding through captivating content. We are dedicated to developing educational resources that empower individuals to harness the full potential of Cardano's products.

Our vision of success goes beyond numbers; it encompasses the transformational impact we aim to achieve. By sharing these metrics with the Catalyst team, we will demonstrate our commitment to tracking and optimizing our project's performance. Together, we will strive to create an active and thriving DAO, empowering content creators, fueling Cardano's growth, and inspiring the broader community.

[IMPACT] Please describe your plans to share the outputs and results of your project?

We have a comprehensive plan to share the outputs and results of our project to maximize their impact and reach. Here are our plans for sharing the project's outputs:

1. Documentation and Reports: We will create detailed documentation and reports outlining the project's objectives, methodologies, findings, and outcomes. These documents will be made available on our website and other relevant platforms for easy access by the Cardano community and stakeholders.
2. Community Engagement: We will actively engage with the Cardano community through various channels such as social media, forums, and community events. We will share updates, insights, and success stories to create awareness and encourage participation from the community.
3. Partnerships and Collaborations: We will seek partnerships and collaborations with relevant organizations and platforms within the Cardano ecosystem. By sharing our project's outputs with these partners, we can leverage their networks and reach a broader audience, amplifying the impact and opportunities that arise from our project.
4. Presentations and Workshops: We will organize presentations, workshops, and webinars to share our project's outputs with interested parties, including developers, researchers, and industry professionals. These events will provide an opportunity for knowledge sharing, discussions, and potential collaborations.
5. Research Publications: We will aim to publish our project's results and findings in relevant academic journals and conferences. This will contribute to the wider body of research in the field of blockchain, decentralized finance, and content creation, and provide valuable insights for further research and development activities.

By sharing the outputs and results of our project through these channels and activities, we aim to disseminate knowledge, inspire further innovation, and create opportunities for collaboration within the Cardano ecosystem.

The documentation, community engagement, partnerships, presentations, and research publications will ensure that our project's impact is spread over a reasonable timescale and reaches a diverse range of stakeholders.

We will actively seek feedback and input from the community and use the results generated from the project to inform and guide our future research and development activities. This iterative approach will allow us to continuously improve our solution, address emerging challenges, and contribute to the growth and development of the Cardano ecosystem.

[CAPABILITY/ FEASIBILITY] What is your capability to deliver your project with high levels of trust and accountability?

Birble AI has a strong track record of delivering complex projects and demonstrating high levels of trust and accountability. Our existing capabilities and

experiences highlight why we are well-suited to deliver this project:

1. Expert Team: Birble AI comprises a highly skilled and experienced team of software engineers, data scientists, and machine learning experts. Our team members have a proven track record of successfully developing and implementing AI-based solutions across various domains. Their expertise ensures that we have the technical know-how and capabilities to deliver this project effectively.
2. Extensive Portfolio: Our portfolio includes a diverse range of successful projects, including a DEX on top of the Uniswap protocol, an NFT marketplace, a crowdfunding dApp, music and video streaming services, blockchain games, and AI dApps developed in cooperation with OpenAI. These projects demonstrate our ability to build and deploy complex applications, integrate AI technologies, and deliver solutions that meet the needs of our clients and users. Examples of things we have built: https://www.birble.win/services/
3. Transparency and Code Availability: Birble AI maintains a transparent approach, making our code available for review on our website. This allows interested parties to examine our work and assess the quality of our codebase. By providing this level of transparency, we aim to build trust and confidence in our abilities as a development team.
4. Financial Management: Birble AI has established robust financial management processes to ensure the proper handling of funds. We adhere to strict financial controls and follow industry best practices in managing project budgets, tracking expenses, and reporting on financial performance. Our commitment to financial responsibility and accountability is paramount in all our endeavors.
5. Strong Reputation: Birble AI has built a strong reputation for delivering high-quality projects and maintaining strong relationships with our clients. We have received positive feedback and testimonials from past clients, which attests to our professionalism, reliability, and ability to meet project requirements.

These steps and processes collectively demonstrate our capability to be trusted in managing funds and delivering projects with a high level of trust and accountability. We combine our technical expertise, transparent approach, financial management practices, and positive reputation to ensure that we consistently deliver on our commitments and exceed expectations.

Website:

https://www.birble.win

products created:

https://www.birble.win/services

White Paper:

https://www.birble.win/wp-content/uploads/2023/05/Birble-AI-WP-V2.pdf

Medium: https://medium.com/@birblewin_1679

[CAPABILITY/ FEASIBILITY] What are the main goals for the project and how will you validate if your approach is feasible?

Goal 1:

Establish the Voting Pass System and Fund the Treasury

Validation: Measure the number of minted voting passes and ensure a clear logic and utility for the passes.

Goal 2:

Develop a Video Streaming Platform with Decentralized Voting and Submission

Validation: Track the number of independent creators joining the platform, audience growth, engagement levels, and increased revenue compared to traditional platforms.

Goal 3:

Implement a Working MVP for the DAO Voting System

Validation: Measure the number of participants voting and creating proposals within the DAO.

Goal 4:

Introduce a Decentralized Treasury and Community Voting Mechanism

Validation: Monitor the number of community votes, funds allocated through the treasury, and the success of funded projects in terms of audience reach and impact.

Goal 5:

Integrate AI Technologies for Enhanced Content Discovery and Recommendations

Validation: Gather user feedback and satisfaction through surveys, analyze engagement metrics, and assess the effectiveness of AI-driven features in improving content quality and user experience.

Goal 6:

Cultivate a Vibrant and Engaged Community

Validation: Monitor the growth of registered users, active contributors, and user-generated content, along with community engagement levels through interactions, discussions, and feedback.

To ensure the feasibility of our approach, we will conduct iterative tests, user testing, pilot programs, and collect feedback from creators, users, companies, and community members. Data analytics will play a crucial role in assessing KPIs related to user adoption, revenue generation, content popularity, and community engagement. Through continuous monitoring and feedback-driven adjustments, we will ensure the project's success and alignment with the goals of the Cardano ecosystem.

[CAPABILITY/ FEASIBILITY] Please provide a detailed breakdown of your project’s milestones and each of the main tasks or activities to reach the milestone plus the expected timeline for the delivery.

Milestone 1: Platform Development and Community develpment

• Task 1: Conduct research and analysis on existing video streaming platforms and blockchain integration possibilities.
• Task 2: Design the architecture and infrastructure of the decentralized video streaming platform on the Cardano blockchain.
• Task 3: Develop the core functionalities of the platform, including user registration, content upload, and video playback.
• Task 4: Implement security measures and smart contract integration for royalty distribution and community voting.
• Task 5: Perform rigorous testing and debugging to ensure platform stability and security.
• Task 6: Create Discord, channels and appropriate infrastructure for community and discussion.
• Task 7: Start Marketing initiatives by participating in youtube interviews, and Twitter spaces to bring awareness to the project
• Task 8 : Talk to content creators to bring experienced content creators to the project
• Task 9: Talk about the project and onboard them into the community
• Task 10: Create our own Brand and Youtube Channel for the project, and where the content created will be shared to a wider audience.
• Success Criteria: Functional video streaming platform deployed on the Cardano blockchain.
• Timeline: 2 months
• Projected Cost: $25,000

Milestone 2: Community and Treasury System Integration

• Task 1: Design and develop the decentralized treasury system for community funds allocation.
• Task 2: Implement the community voting mechanism for content selection and funding.
• Task 3: Integrate wallet functionalities to facilitate tipping and royalty distribution to creators.
• Task 4: Establish mechanisms for transparent financial reporting and accountability.
• Task 5 : Create Token Paper 
• Task 6: Create Art and Minting system 
• Task 7: Test Mint of the Voting Passes
• Task 8 : Marketing for the Mint 
• Task 9 : Make Minting Live on Mainnet
• Success Criteria: Active treasury system, community voting capabilities, and functioning tipping and royalty distribution.
• Timeline: 1 months
• Projected Cost: $15,000

Milestone 3: AI Integration for Content Enhancement

• Task 1: Research and select suitable AI technologies for content discovery, recommendation, and feedback analysis.
• Task 2: Develop AI algorithms for personalized content recommendations and user feedback analysis.
• Task 3: Integrate AI-driven features into the platform to enhance user experience and support creator engagement.
• Success Criteria: AI features implemented, improved content discovery and recommendations, positive user feedback.
• Timeline: 1 months
• Projected Cost: $10,000

Milestone 4: Community Growth and Engagement

• Task 1: Implement social features to foster community interaction and collaboration.
• Task 2: Develop mechanisms for feedback collection, user discussions, and community-driven initiatives.
• Task 3: Conduct promotional activities to attract new users and creators to the platform.
• Success Criteria: Increased user registrations, active community engagement, positive feedback.
• Timeline: Ongoing throughout the project
• Projected Cost: $10,000

Overall Project Management Approach:

• We will adopt an Agile project management approach, breaking the project into manageable sprints and conducting regular meetings and progress reviews.
• A project manager will oversee the project, ensuring tasks are assigned, deadlines are met, and resources are effectively utilized.
• We will maintain open communication channels with stakeholders, including regular updates and feedback sessions.
• Quality assurance measures will be implemented to ensure the platform's stability, security, and user experience.
• Documentation will be maintained throughout the project to facilitate knowledge transfer and future development.

Please note that the projected costs are estimates and may vary based on various factors such as resource rates, scope changes, and market conditions.

[CAPABILITY/ FEASIBILITY] Please describe the deliverables, outputs and intended outcomes of each milestone.

Milestone 1: Platform Development and Deployment

Deliverables:

• Comprehensive research and analysis report on existing video streaming platforms and blockchain integration possibilities.
• Platform architecture and infrastructure design documentation.
• Fully functional video streaming interface and voting platform deployed on the Cardano blockchain.
• Robust security measures and smart contract integration for royalty distribution and community voting.
• Thorough testing and debugging reports.

Outputs:

• In-depth understanding of the existing landscape and potential integration options.
• Well-defined platform architecture and infrastructure plan.
• Operational video streaming platform on the Cardano blockchain.
• Secure and transparent mechanisms for royalty distribution and community voting.
• Stable and reliable platform with rigorous testing and debugging.

Intended Outcomes:

• Provide independent video creators with a decentralized platform to showcase their content.
• Enable fair royalty distribution and community-driven funding for creators.
• Establish a secure and transparent environment for content sharing and engagement.
• Lay the foundation for a thriving community of creators and users on the Cardano blockchain.

Measurement:

• Successful completion and deployment of the platform within the specified timeline.
• Positive feedback from early adopters and creators on platform usability and functionality.
• Growth in the number of registered users and uploaded content on the platform.

Milestone 2: Community and Treasury System Integration

Deliverables:

• Detailed design and development documentation of the decentralized treasury system.
• Integration of a community voting mechanism into the platform.
• Implementation of wallet functionalities for tipping and royalty distribution.
• Establishment of financial reporting and accountability measures.

Outputs:

• Comprehensive design and development plans for the decentralized treasury system.
• Active community voting capabilities empowering users in content selection and funding.
• Seamlessly integrated wallet functionalities for tipping and transparent royalty distribution.
• Transparent financial reporting mechanisms ensuring accountability.

Intended Outcomes:

• Enable community-driven decision-making in content selection and funding.
• Facilitate direct tipping and royalty distribution to support independent creators.
• Enhance transparency and accountability in financial transactions.
• Foster a sense of ownership and engagement among the platform's user community.

Measurement:

• Successful integration of the decentralized treasury system and community voting mechanism.
• Increased user participation in voting and tipping activities.
• Improved financial reporting and transparency.

Milestone 3: AI Integration for Content Enhancement

Deliverables:

• Research and selection documentation of AI technologies for content discovery and recommendation.
• Development of AI algorithms for personalized content recommendations and user feedback analysis.
• Integration of AI-driven features into the platform.

Outputs:

• Detailed research and selection report on AI technologies for content enhancement.
• Functional AI algorithms for personalized content recommendations and user feedback analysis.
• Seamless integration of AI features into the platform to enhance user experience.

Intended Outcomes:

• Enhance user engagement and satisfaction through personalized content recommendations.
• Improve content discovery and user feedback analysis for continuous platform improvement.
• Provide creators with valuable insights to adjust their content based on user feedback.

Measurement:

• Successful implementation of AI features into the platform.
• Positive feedback from users regarding personalized content recommendations and user feedback analysis.
• Quantitative metrics showing increased user engagement, longer session durations, and improved content interactions.

Milestone 4: Community Growth and Engagement

Deliverables:

• Implementation of social features for community interaction and collaboration.
• Mechanisms for feedback collection, user discussions, and community-driven initiatives.
• Documentation of promotional activities conducted.

Outputs:

• Integration of social features into the platform to foster community interaction.
• Well-defined mechanisms for collecting user feedback and facilitating community-driven initiatives.
• Documentation of promotional activities conducted to attract new users and creators.

Intended Outcomes:

• Foster a strong and engaged community of users and creators on the platform.
• Promote collaboration and knowledge-sharing among community members.
• Attract new users and creators to the platform through targeted promotional activities.

Measurement:

• Increased user registrations and active community engagement.
• User feedback indicating satisfaction with community features and initiatives.
• Quantitative metrics reflecting the number of user discussions, collaborations, and community-driven content.

The project's progress will be tracked through the completion of milestones and the achievement of their respective deliverables and intended outcomes. Regular progress reviews, user feedback analysis, and metrics tracking will help evaluate the project's success and make necessary adjustments throughout the implementation process.

[RESOURCES & VALUE FOR MONEY] Please provide a detailed budget breakdown of the proposed work and resources.

Budget Breakdown:

Milestone 1: Platform Development and Deployment

• Research and analysis: $2,000.00
• Platform architecture and infrastructure design: $3,000.00
• Development and deployment: $10,000.00
• Testing and debugging: $2,000.00

Milestone 2: Community and Treasury System Integration

• Decentralized treasury system design: $3,000.00
• Community voting integration: $4,000.00
• Wallet functionalities implementation: $4,000.00
• Financial reporting and accountability measures: $2,000.00

Milestone 3: AI Integration for Content Enhancement

• Research and selection of AI technologies: $2,500.00
• AI algorithm development: $5,000.00
• Integration of AI features: $3,500.00

Milestone 4: Community Growth and Engagement

• Social features implementation: $4,000.00
• Feedback collection and community initiatives: $3,000.00
• Promotional activities: $2,500.00

Additional Costs:

• Hardware (servers, storage): $4,000.00
• Software licenses: $2,500.00
• Professional services (legal, accounting): $3,000.00

Total Budget: $60,000.00

Third-Party Products and Services:

• Software licenses: Cost of obtaining necessary licenses for video streaming, blockchain integration, and AI technologies.
• Professional services: Engaging legal and accounting services for compliance, contracts, and financial management.

The budget breakdown reflects the estimated costs for each milestone and the associated activities, resources, and third-party products/services required. It covers expenses related to research, design, development, testing, integration, hardware, software licenses, and professional services. The budget allocation aims to ensure the successful implementation of the project while utilizing the available funds efficiently.

[RESOURCES & VALUE FOR MONEY] How does the cost of the project represent value for money for the Cardano ecosystem?

The cost of the project represents value for money for the Cardano ecosystem for several reasons:

1. Comprehensive Solution: The proposed project addresses the specific challenges faced by independent video creators on traditional streaming platforms. By integrating blockchain technology, decentralized treasury, and AI capabilities, it offers a holistic solution that empowers creators, engages the community, and enhances the content consumption experience.
2. Long-Term Benefits: The project's outcomes extend beyond the immediate funding of the project team. It establishes a sustainable ecosystem where creators have new revenue streams, community members actively participate in content curation and funding, and consumers enjoy a more interactive and rewarding viewing experience. This contributes to the long-term growth and vitality of the Cardano ecosystem.
3. Cost Justification: The costs have been carefully considered based on the complexity and scope of the project. The budget breakdown reflects the necessary investments in research, development, integration, infrastructure, and professional services. The allocation of funds is proportional to the critical activities and resources required to ensure the successful implementation of the project.
4. Value Creation: The project aims to create value for the Cardano ecosystem by attracting new users, fostering community engagement, and showcasing the capabilities of the Cardano blockchain and its integration with AI technologies. The expected outcomes, such as increased participation, improved content quality, and enhanced user experience, contribute to the overall strength and competitiveness of the Cardano ecosystem.

The costs associated with the project are justified by the anticipated benefits and the value they bring to the Cardano ecosystem. The project's focus on solving real-world challenges, its innovative approach, and the potential for long-term growth make it a valuable investment that aligns with the goals and values of the Cardano community.

[IMPORTANT NOTE] The Applicant agreed to Fund10 rules and also that data in the Submission Form and other data provided by the project team during the course of the project will be publicly available.

I Accept