Nucast: Live-streaming Protocol Revolutionizes The Streaming Space

[GENERAL] Name and surname of main applicant

Sricharan Ganta (nucast)

[GENERAL] Email address of main applicant

charan@nucast.io

Additional applicants

Sam Jeffery // sam@nucast.io

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

4

[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?

No

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

In the early stages of the project, resources such as time, manpower, and funding are often limited. Open-sourcing a project requires additional effort in terms of managing the community, addressing issues, and integrating external contributions. It may be more efficient to focus on developing a robust and functional product before considering open-sourcing. We do have plans to eventually opensource the protocol.

[METADATA] Category of Proposal

dApp

[METADATA] SDG rating

SDG Goals

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

9 - Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation

17 - Strengthen the means of implementation and revitalize the Global Partnership for Sustainable Development

SDG Subgoals

17.19 - By 2030, build on existing initiatives to develop measurements of progress on sustainable development that complement gross domestic product, and support statistical capacity-building in developing countries

9.1 - Develop quality, reliable, sustainable and resilient infrastructure, including regional and transborder infrastructure, to support economic development and human well-being, with a focus on affordable and equitable access for all

9.b - Support domestic technology development, research and innovation in developing countries, including by ensuring a conducive policy environment for, inter alia, industrial diversification and value addition to commodities

[IMPACT] Please describe your proposed solution.

Overview:

The development and release of a blockchain-based, live streaming platform on Cardano represents a pivotal milestone for the ecosystem. It extends the influence of blockchain and commences the introduction of the video streaming platform to a broader audience. Nucast will transform the way content is distributed, monetized, and accessed. The platform introduces a live streaming protocol facilitated by smart contracts, enabling creators to generate revenue directly from their audience.

At Nucast, we have successfully cultivated a thriving community of over 8000+ members across our social media channels and Discord during our beta phase. This engaged community has been instrumental in providing valuable feedback and contributing to the platform's growth. Additionally, we are proud to announce that we have generated 150,000+ ADA in revenue to date. These funds have been wisely reinvested into building our web app and assembling a talented team proficient in various domains.

Additionally, we are thrilled to announce that Nucast has been selected as the official community partner for conducting the Cardano Summit in India. As the community partner, we will leverage our live streaming protocol to provide a seamless and immersive live streaming experience for the summit attendees.

If you are interested in understanding how Nucast functions in the backend, please check out the following article: https://medium.com/@nucastcardano/nucast-the-decentralized-video-streaming-and-ownership-platform-revolutionizing-the-entertainment-67023e0e2672

Live beta tests with content creators: https://twitter.com/KydJuse/status/1647256473414582276?s=20

https://twitter.com/stefos07409904/status/1673006338635358208

The live streaming protocol proposed by Nucast on Cardano offers a range of detailed features to enhance content distribution, subscription models and monetization opportunities. These features provide transparency, control, and direct interaction between creators and viewers, revolutionizing the live streaming industry. Here are the detailed features:

1. Subscription Model:

• Creators can make their digital content available for subscription on the platform.
• Subscribers can choose to pay the subscription fee directly to the content creator or purchase an access NFT minted with Nucast standards. (More in the above medium article)
• Subscription fees are recorded on the blockchain, ensuring a trusted and immutable record of subscription transactions.

2. Smart Contract Transactions:

• Subscribers initiate smart contract transactions on the blockchain to pay subscription fees or purchase access NFTs.
• Smart contracts facilitate and automate the transaction process securely and efficiently.

3. Access Verification:

• The platform verifies access rights by querying the smart contract's current state and the NFT state.
• The subscriber's signature is also verified to ensure authorized access to exclusive content.
• This verification process ensures that only authorized subscribers can access the content.

4. Creator Control:

• Content creators have control over their subscriptions, including pricing and availability.
• Creators can manage these aspects through smart contract interactions, allowing them to customize their monetization strategies.
• This level of control empowers creators to adapt their subscription offerings based on audience demand and market trends.

5. Automated Revenue Distribution:

• Smart contracts automate revenue distribution, guaranteeing that creators receive their fair share of earnings.
• The revenue generated from subscriptions or access NFT purchases is distributed automatically to the creators based on predefined terms in the smart contracts.
• This feature eliminates the need for manual payment processing and ensures transparent and efficient revenue sharing.

6. Chat interaction and tipping with Cryptocurrencies:

• Viewers can directly support content creators by sending tips or micro-payments using cryptocurrencies and fiat.
• The Nucast platform provides a chat feature that enables direct interaction between viewers and content creators.
• Within the chat interface, viewers have the ability to send tips or micro-payments to support their favorite creators.
• The chat interaction serves as a seamless and convenient way for viewers to express their appreciation for the content they enjoy.
• This feature strengthens the relationship between creators and their audience by providing an additional revenue stream without intermediaries taking a cut.
• Viewers have the flexibility to contribute any amount they desire, fostering a stronger connection and support for their favorite creators.

7. Reduced Risk of Censorship:

• Direct connectivity between broadcasters and viewers reduces the risk of censorship.
• Content is transmitted directly from the source, eliminating intermediaries or centralized authorities that may impose restrictions.
• Both creators and viewers have more control over the content they produce and consume, ensuring freedom of expression and a diverse range of content.

8. Transparent and Equitable Ecosystem:

• The platform fosters a transparent and equitable ecosystem for content distribution, subscription, and monetization.
• Subscribers have a direct and personalized way to access and support their favorite creators, creating a stronger connection and sense of community.
• By eliminating intermediaries and providing transparent revenue distribution, the platform ensures fair compensation for creators and a more engaging experience for viewers.

Technical Architecture:

1. Subscription Oracle Smart Contract:

• The Subscription Oracle Smart Contract serves as a registry for content creators and their respective subscription details.
• When a content creator registers on the platform, their information, such as Creator ID and subscription cost, is stored in the contract.
• This contract acts as a decentralized database for creator registration and subscription information.
• It provides a reliable and tamper-proof record of creators and their associated subscription costs.

2. Revenue Share and Subscription Smart Contract:

• The Revenue Share and Subscription Smart Contract handles revenue distribution and updates the subscription status.
• When subscribers initiate smart contract transactions by paying the subscription fee or purchasing an access NFT, this contract facilitates the process.
• It records the subscription details, including the subscriber's wallet address, subscription duration, and subscription price.
• The smart contract automates revenue distribution to content creators based on predefined revenue-sharing rules or percentages.
• Creators can claim their revenue by interacting with this contract and updating their subscription status.

Overall Flow:

• Content creators register on the platform, and their registration details, including Creator ID and subscription cost, are stored in the Subscription Oracle Smart Contract.
• Subscribers initiate smart contract transactions by paying the subscription fee or purchasing an access NFT.
• The Revenue Share and Subscription Smart Contract records the subscription details, including subscriber information and subscription parameters.
• The smart contract verifies the subscriber's access rights by checking the subscription status, duration, and associated wallet address.
• Content decryption algorithms, integrated with the smart contract, restrict access to subscribed content based on the validity of the subscription.
• Revenue generated from subscriptions or access NFT purchases is distributed automatically by the smart contract to content creators based on predefined revenue-sharing rules or percentages.
• Content creators can claim their revenue by interacting with the Revenue Share and Subscription Smart Contract.
• Creators have the ability to update subscription details, pricing, or availability by interacting with the smart contract, thereby customizing their monetization strategies.

By leveraging the Subscription Oracle Smart Contract for registration and the Revenue Share and Subscription Smart Contract for revenue distribution and subscription management, Nucast ensures a transparent and efficient ecosystem for content creators and subscribers on the platform.

Business Model:

• Nucast will operate on a sustainable business model where the platform generates revenue by taking a small percentage as a service fee from the subscription fees.
• This platform service fee allows Nucast to cover operational costs, invest in platform development, and provide ongoing support to content creators and viewers.
• The service fee ensures that Nucast can continue to improve and expand the platform, offering an enhanced experience for all users.
• By maintaining a small percentage service fee, Nucast aims to strike a balance between providing value-added services and ensuring creators receive a fair share of their earnings.

Go-to-Market Strategy:

1. Community Building: Nucast will continue to engage and grow our community through social media channels, Discord, and other platforms, leveraging the feedback and support of its community to drive platform development and adoption.

2. Partnership Development: Nucast has already started partnering with content creators, influencers, and media organizations to bring high-quality content to the platform and expand the user base.

3. Marketing and Awareness: We will implement a comprehensive marketing strategy to raise awareness about the platform, targeting both creators and viewer.

By combining the power of blockchain technology, decentralization, and smart contracts, Nucast aims to disrupt the live streaming industry by providing a transparent, equitable, and user-centric platform for content distribution, subscription, and monetization on Cardano.

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

The proposed live streaming platform by Nucast addresses several key challenges and brings significant benefits to the Cardano ecosystem:

1. Creation or Improvement of Different Products:

• By introducing a live streaming protocol, Nucast expands the range of products available on the Cardano blockchain.
• This use case demonstrates the versatility and potential of Cardano beyond traditional financial applications, attracting new users and fostering innovation within the ecosystem.
• The platform provides content creators with a unique opportunity to monetize their digital content directly, creating new revenue streams and empowering them to control their own distribution and earnings.

2. Integrations with Other Existing Services, Products, and Protocols:

• Integrations with traditional fiat payment systems: Nucast can integrate with credit cards, debit cards, and UPI to provide a seamless payment experience for users who prefer traditional payment methods, attracting a wider user base.
• Enhanced user experience: By integrating fiat payment systems, Nucast creates a more inclusive platform, allowing users from various domains to easily subscribe, purchase access NFTs, and provide tips using familiar payment methods.
• Driving adoption and expanding the network effects: Integrating with traditional payment systems strengthens the value proposition of Cardano, attracting users who may not be familiar with cryptocurrencies and expanding the reach of the live streaming platform within the live streaming industry.

3. Solving a Key Problem or Issue:

• The centralized nature of traditional live streaming platforms poses several challenges, including high fees, limited control for creators, and potential censorship risks.
• Nucast addresses these challenges by providing a solution that enables direct monetization, enhanced control for creators, and reduced censorship risks.
• The platform eliminates intermediaries, minimizing fees and ensuring content creators receive a more direct and equitable share of their earnings.
• By leveraging blockchain technology and smart contracts, Nucast ensures transparency, immutability, and automated revenue distribution, solving key problems associated with traditional live streaming platforms.

Impact:

The introduction of a live streaming platform on Cardano has immense potential and offers significant benefits to the Cardano ecosystem. The live streaming industry is a rapidly growing and influential sector, attracting millions of content creators and viewers worldwide. By tapping into this industry, Nucast creates a bridge between the blockchain world and the content creation space.

The platform's ability to empower content creators, provide transparent revenue distribution, and offer direct interaction with viewers positions Cardano as a leader in revolutionizing the way content is distributed, monetized, and accessed. It showcases Cardano's versatility beyond financial applications and highlights its potential to disrupt traditional industries.

The integration of a live streaming platform with other existing services, products, and protocols within the Cardano ecosystem amplifies its impact and reach. This integration fosters network effects, enhances user experiences, and drives further adoption of Cardano's infrastructure.

Overall, the live streaming platform by Nucast represents a significant advancement for Cardano. It addresses key challenges in the live streaming industry, brings new users into the ecosystem, and contributes to the growth and innovation of Cardano as a whole.

The global live streaming market was valued at USD 1219.19 Million in 2022 and is projected to attain a value of USD 6555.32 Million by 2030 at a Compound Annual Growth Rate (CAGR) of 23.40% during the forecast period, 2022-2028.

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

Nucast intends to measure the success of the project through various key performance indicators (KPIs) that reflect the growth and engagement of the platform. These KPIs include:

1. Number of content creators onboarded: We aim to attract a diverse range of content creators from various domains
2. User engagement: Monitoring user engagement metrics such as the number of active users, average time spent on the platform, and frequency of interactions provides insights into the level of interest and satisfaction among viewers and content creator
3. Number of hours of content streamed: Tracking the total hours of content streamed on the platform indicates the level of adoption and usage by viewer
4. Number of tipping transactions and subscriptions: Monitoring the number and value of tipping transactions and subscriptions reflects the level of support and monetization achieved by content creator
5. Content diversity: Assessing the diversity of content available on the platform, including different genres, languages, and formats, demonstrates the platform's ability to attract a wide range of creators and cater to the varied interests of viewer

By tracking these KPIs and continuously striving to improve them, we are aiming to create a successful and thriving live streaming platform on Cardano, benefiting both content creators and viewers within the ecosystem.

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

We plan to share the outputs by implementing the following action items:

• Regular Updates: Nucast will regularly publish project updates and key performance indicators (KPIs) on their Medium blog. These updates will provide detailed information about the progress, milestones achieved, user adoption, and other relevant metrics.

• Community Engagement: Nucast will actively engage with the Cardano community through various channels such as Twitter spaces, town halls, live streams on nucast and AMAs (Ask Me Anything sessions. These interactions will allow the team to present the project's outputs, discuss the impact, and address any questions or concerns from the community.

• Partnerships and Collaborations: Nucast will seek partnerships and collaborations with relevant influencers, content creators, and industry leaders. These partnerships can include interviews, joint content creation, or promotional activities. By leveraging the reach and influence of these partners, Nucast can ensure that the outputs and opportunities are shared with a wider audience.

• Social Media Presence: Nucast will maintain an active presence on social media platforms, including Twitter, Telegram, and Discord. We will share updates, project highlights, and success stories to keep the community informed and engaged.

• Catalyst Updates: Nucast will participate in Cardano's Catalyst program and share project updates and progress reports within the Catalyst community. This will provide an opportunity to receive feedback, collaborate with other projects, and showcase the results achieved.

By implementing these initiatives, Nucast aims to effectively communicate the outputs and results of the project, reach a wider audience, and foster transparency and engagement within the Cardano community.

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

Nucast has the capability to deliver the project with high levels of trust and accountability based on the following factors:

• Popularity and Community Engagement: Nucast has already gained popularity as a streaming platform on Cardano, attracting a substantial community of over 8000+ members across social media channels and Discord during the beta phase. This engaged community has been instrumental in providing valuable feedback and contributing to the platform's growth.

• Revenue Generation : Nucast has generated 150,000+ ADA in revenue, showcasing the platform's ability to monetize and sustain itself. These funds have been reinvested wisely into building the web app and assembling a talented team proficient in various domains.

• Experienced Team: Nucast is proud to host a highly skilled and experienced development team with over 30+ years of combined industry experience. The team's expertise in blockchain technology, finance, and the movie industry enables them to comprehend the intricacies of revenue-based financing and deliver a robust and innovative platform.

• Industry Partnerships: Nucast has signed MOUs with seven leading production houses, establishing collaborations to promote Nucast adoption. These partnerships involve showcasing production house content on Nucast, cross-promotion, and exclusive content releases. Also, Nucast has already started partnering with leading content creators and projects in the cardano space such as NFT LES (Side event of NFT NYC), NFG Podcast, Danketsu, etc. Additionally, we are thrilled to announce that Nucast has been selected as the official community partner for conducting the Cardano Summit in India. As the community partner, we will leverage our live streaming protocol to provide a seamless and immersive live streaming experience for the summit attendees.

Test Stream Link: https://twitter.com/nucastio/status/1644106173648437248

• Track Record of Successful Projects: Nucast's team has a history of successfully delivering projects in the web3 and entertainment domains. Our past successes demonstrate our ability to design, develop, and deploy secure and scalable solutions.

In terms of accountability, Nucast is committed to:

Regular Updates: Nucast will provide regular project updates and key performance indicators (KPIs) through our Medium blog. This transparent approach keeps stakeholders informed about the project's progress, achievements, and metrics.

Community Engagement: Nucast actively engages with the Cardano community through channels such as Twitter spaces, town halls, and AMAs. By interacting with the community, we address questions, gathers feedback, and ensure open communication with stakeholders.

Through these measures, Nucast demonstrates its commitment to delivering the project with trust and accountability. The experienced team, industry partnerships, and transparent communication channels contribute to building confidence and establishing Nucast as a reliable and responsible participant within the Cardano ecosystem.

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

The main goals for the Nucast project are as follows:

• Platform Development: The primary goal is to develop a robust and user-friendly live streaming platform on Cardano. This involves building the necessary infrastructure, smart contracts to enable secure and efficient content distribution, subscription, and monetization. The platform will undergo continuous development and improvement to enhance its features, performance, and user experience.

• Smart Contract Development: A key focus is on developing and implementing smart contracts that facilitate subscription transactions, revenue distribution, and content access verification. These smart contracts ensure transparency, automate processes, and provide a trusted and immutable record of transactions and revenue sharing. Rigorous testing and auditing will be conducted to ensure the reliability and security of the smart contracts.

• Fiat Integration: Another important goal is to integrate traditional fiat payment systems, such as credit cards, debit cards, and UPI, into the platform. This integration enables a seamless payment experience for users who prefer using fiat currencies, expanding the user base and accessibility of the platform. The integration will be implemented securely and in compliance with relevant regulations and standards.

• Attracting Content Creators and Audience: Nucast aims to attract a diverse range of content creators to the platform by offering them a transparent and equitable monetization model. Providing creators with control over their subscriptions, revenue distribution, and pricing empowers them to effectively monetize their content and build a loyal audience. Attracting a large and engaged audience is equally important, as it creates a thriving ecosystem where viewers actively support and engage with creators.

In order to validate the feasibility of the approach, Nucast will employ several methods:

• Technical Validation: Rigorous testing, including load testing, security audits, and performance evaluations, will be conducted to ensure the technical feasibility of the platform. This validation process will ensure that the platform can handle the anticipated user traffic, deliver content efficiently, and maintain a high level of security.

• Partnerships: Collaborating with content creators, media organizations, and influencers will validate the feasibility of the platform by attracting high-quality content and establishing credibility within the industry. Partnerships will provide valuable feedback, user insights, and support in driving adoption and growth.

• User Feedback: Gathering and analyzing feedback from content creators and viewers during the beta phase and beyond will validate the feasibility of the platform's features, usability, and overall user experience. Incorporating user feedback into the development process ensures that the platform aligns with the needs and expectations of its target audience.

• Validation of Market Viability: Conducting market research and analysis will validate the feasibility of the project in terms of market demand, competition, and revenue potential. Assessing the market's response, identifying user adoption trends, and monitoring key performance indicators will provide insights into the platform's viability and long-term sustainability.

By employing these validation methods and continuously iterating and improving the platform based on the results, Nucast aims to create a successful and sustainable live streaming platform that meets the needs of both content creators and viewers.

[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.

Phase 1: Planning and Design

Duration: 4 weeks

UX/UI Design:

Create wireframes and prototypes of the user flow.

Design user-friendly and intuitive interfaces for easy access of the feature.

API Design:

Design and document the API endpoints for subscribing a creator, distributing revenue, building transactions and performing smart contract operations.

Live streaming architecture:

Design a live stream architecture, decryption and content delivery powered by NFTs. 

Project Setup:

Set up the development environment.

Configure version control and collaboration tools.

Create the initial project structure.

Projected cost: 26733ADA

Phase 2: Development and Testing

Duration: 9 weeks

Backend Development:

Building backend for subscribing a creator, accessing livestreams, building transactions and performing smart contract operations.

Frontend Development :

Implement frontend for browsing livestream, accessing a livestream and tracking subscription and tipped interaction revenue.

Integrate with backend APIs.

Integrate with Smart Contracts.

Smart Contract Development:

Develop a subscription protocol smart contracts that handles decentralized creator subscription, stores decryption information, subscription identifiers and subscription and tipped interaction revenue management.

Testing:

Conduct thorough testing of the smart contracts, backend APIs and frontend integrations.

Perform functional testing, usability testing, and compatibility testing.

Identify and fix bugs and performance issues.

Security and Privacy:

Ensure secure and NFT-gates live streams through decryption mechanism and stream processing.

Projected cost: 86666

Phase 3: Deployment

Duration: 3 weeks and ongoing

Launch and Platform Enhancements:

Promote the livestream protocol through marketing and advertising.

Engage with users and gather feedback for continuous improvement.

Encourage users to use the protocol.

Monitor app usage and performance metrics.

Analyze user feedback and identify areas for enhancement.

Projected cost: 14500

Timeline:

Weeks 1-4: Planning and Design

Weeks 5-13: Development and Testing

Weeks 14-16: Deployment and Support

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

Milestone 1: Planning and Design (Weeks 1-4)

Deliverables:

1. UX/UI Design: Wireframes and prototypes showcasing the user flow and interface design for easy access to platform features.
2. API Design: Documented API endpoints for subscribing to a creator, revenue distribution, transaction building, and smart contract operations.
3. Live Streaming Architecture: Design specifications for the NFT gated livestream architecture.
4. Project Setup: Development environment set up, version control and collaboration tools configured, and initial project structure created.

Outcomes:

1. Clear visualization of the platform's user interface and user flow.
2. Well-documented API design for smooth integration with backend and frontend components.
3. Detailed architecture design for the livestream and token gating.
4. Established development environment and project structure for efficient implementation.

Measurement:

• Evaluation of the UX/UI design through user feedback and usability testing.
• Review and validation of the API design by the development team and stakeholders.
• Assessment of the feasibility and scalability of the live streaming architecture.
• Confirmation of successful project setup and configuration.

Milestone 2: Development and Testing (Weeks 5-13)

Deliverables:

1. Backend Development: Backend implementation of features like creator subscription, livestream access, transaction building, and smart contract operations.
2. Frontend Development: Implementation of user interfaces for browsing livestreams, accessing livestreams, and tracking subscription and tipped interaction revenue. Integration with backend APIs and smart contracts.
3. Smart Contract Development: Development and deployment of subscription protocol smart contracts, handling decentralized creator subscription, decryption information storage, and revenue management.
4. Testing: Thorough testing of smart contracts, backend APIs, and frontend integrations. Bug fixing and performance optimization.

Outcomes:

1. Fully functional backend system for seamless subscription, livestream access, transaction management, and smart contract operations.
2. User-friendly frontend interfaces that enable users to browse livestreams, access content, and track subscription and tipped interaction revenue.
3. Deployed and tested smart contracts ensuring secure and efficient subscription management and revenue distribution.
4. Identified and resolved bugs and performance issues through comprehensive testing and optimization.

Measurement:

• Verification of backend functionalities and integration with frontend components through comprehensive testing.
• User feedback and usability testing for frontend interfaces and user experience assessment.
• Successful deployment and functioning of smart contracts on the Cardano blockchain.
• Performance evaluation based on metrics like response time, scalability, and stability.

Milestone 3: Deployment and Support (Weeks 14-16, ongoing)

Deliverables:

1. Platform Launch and Enhancements: Marketing and advertising campaigns to promote the livestream protocol. User engagement activities to gather feedback for continuous improvement. Encouraging users to adopt the platform.
2. Monitoring and Analysis: Monitoring app usage and performance metrics. Analyzing user feedback and identifying areas for enhancement.
3. Ongoing Support: Providing support and addressing user queries or issues. Regular updates and improvements based on user feedback and evolving requirements.

Outcomes:

1. Increased platform adoption and user engagement through effective marketing and user engagement strategies.
2. Continuous improvement of the platform based on user feedback and identified areas for enhancement.
3. Satisfied users who receive support and experience an improved platform over time.

Measurement:

• User acquisition metrics, such as the number of registered users and active users.
• User feedback and satisfaction surveys to assess the platform's performance and user experience.
• Marketing campaign performance metrics, including reach, conversion rates, and user engagement.
• Support ticket resolution time and user satisfaction ratings.
• Iterative enhancements based on user feedback and measured improvements in key metrics.

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

Phase 1

Full stack developer 133.33 ADA x 40 Hours = 5333.33 ADA

Senior Solution Architect 166.67 ADA x 30 Hours = 5000 ADA

UI UX Designer 100 ADA x 30 Hours = 3000 ADA

Smart Contract Developer 200 ADA x 50 Hours = 10000 ADA

Tech Infrastructure: 3400 ADA

Phase 2

Full stack Developer 133.33 ADA x 170 Hours = 22666.67 ADA

Senior Backend Developer 166.67 ADA x 180 Hours = 30000 ADA

Smart Contract Architect 200 ADA x 170 Hours = 34000 ADA

Phase 3

Smart Contract Developer 183.33 ADA x 50 Hours = 9166.67 ADA

Full stack Developer 133.33 ADA x 40 Hours = 5333.33 ADA

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

The cost of the Nucast project represents value for money for the Cardano ecosystem in the following ways:

• Innovation and Utility: By introducing a live streaming platform on Cardano, Nucast brings innovation to the ecosystem. This platform provides a unique and valuable use case for blockchain technology, expanding the utility and versatility of Cardano beyond traditional financial applications. The innovation brought by Nucast enhances the overall value proposition of the Cardano ecosystem.

• Enhanced Participation: The live streaming platform attracts a diverse range of participants, including content creators, viewers, and enthusiasts. It offers content creators the opportunity to monetize their digital content directly and efficiently, while viewers have access to a wide range of quality content. This enhanced participation fosters engagement and growth within the Cardano community, contributing to the overall vibrancy and dynamism of the ecosystem.

• Increased Liquidity: As content creators generate revenue through the platform, they contribute to the liquidity of the Cardano ecosystem. The revenue earned by creators can be reinvested back into the ecosystem, supporting the development of new projects, the growth of the community, and the overall liquidity of ADA, the native cryptocurrency of Cardano. This increased liquidity benefits all stakeholders within the Cardano ecosystem.

• Ecosystem Expansion: Nucast's live streaming platform attracts new users to the Cardano ecosystem who are interested in content creation, live streaming, and decentralized platforms. The expansion of the user base brings fresh perspectives, ideas, and collaborations, stimulating further innovation and growth within the ecosystem. Nucast's project contributes to expanding the reach and impact of the Cardano ecosystem.

• Accessibility: By integrating traditional fiat payment systems, Nucast enhances the accessibility of the platform to a broader audience. Users who prefer using credit cards, debit cards, or UPI can easily subscribe, purchase access NFTs, and contribute tips using familiar payment methods. This accessibility breaks down barriers and encourages more individuals to participate in the Cardano ecosystem, promoting inclusivity and diversity.

• Technical Implementation and Infrastructure: The costs associated with the technical implementation and infrastructure is perfectly in terms of their necessity, scalability, and alignment with industry standards considering our team is based in the USA, Singapore and India.

Overall, the cost of the Nucast project represents value for money for the Cardano ecosystem by bringing innovation, enhancing participation, increasing liquidity, expanding the ecosystem, improving accessibility, and promoting cost efficiency. These factors contribute to the growth and long-term success of Cardano as a leading blockchain platform.

[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