Streaming is defined as “a method of transmitting or receiving data (especially video and audio material) over a computer network as a steady, continuous flow, allowing playback to begin while the remainder of the data is still being received.” This article creates an industrial discourse on streaming and how Gummy Bears establishes a new trend for the industry to follow.
Some of the world’s largest entertainment and telecom conglomerates have bet on streaming entertainment over the last decade. The last ten years have seen a rapid evolution of at-home entertainment, with Netflix, Hulu, Disney Plus, HBO Now, and others amassing millions of subscribers. Over the last decade, some of the world’s biggest entertainment and telecom conglomerates bet on streaming entertainment. The last 10 years have ushered in a rapid progression of at-home entertainment as Netflix, Hulu, Disney Plus, HBO Now, and more rack up millions of subscribers. As more people are forced to stay at home to try to curb the spread of the novel coronavirus, the concept of a bored, cable-cutting consumer searching for things to constantly watch for weeks on end has become a reality. Most streaming platforms, such a Twitch and Youtube Gaming have seen a significant growth since the beginning of social distancing, according to data given to The Verge by research firm Stream Elements.
According to Fortune Business Insights, the global video streaming market is expected to reach USD 842.93 billion by 2027, growing at a CAGR of 12.0% over the forecast period. In 2019, the market value was USD 342.44 billion. This is an extremely positive outlook for the sector.
Gummy Bears is a peer-to-peer decentralised streaming and video sharing network driven by blockchain technology. Gummy Bears, unlike other streaming platforms, uses blockchain technology to offer much lower rates than other streaming services.
To log in, you only need your blockchain public address. In other words, consumer data is protected, uncensored, and secure on this platform: it’s a community-driven ecosystem that benefits its users, which include streamers, viewers, and Gummy Bears token holders. Aside from the privacy that is guaranteed, users can upload videos, share, stream and watch to earn cryptocurrency.
Gummy Bears is here to dominate and stray as it is the first decentralized crypto-streaming and video platform that encourages sign up from any part of the world using a blockchain address. Additionally, users are awarded utility tokens by Gummy Bears when they watch and stream videos. Hence, the future is bright with Gummy Bears.