View The Future of Odysee on Odysee

Edit: Changed the link to lead to the original Odysee article post which contains the video, rather than just to the video itself. You get more context and information that way.

  • ProdigalFrog@slrpnk.netEnglish
    0·
    4 months ago

    So they were bought by Forward Research.

    https://finance.yahoo.com/news/arweave-adds-over-7m-users-140000864.html

    Foward Research is a crypto blockchain company that owns Arweave, which as far as I can tell is trying to incorporate crypto into a cloud data storage service. It’s all very vague, but that’s what I sussed out.

    I wasn’t aware that odysse was originally a crypto video sharing platform, I thought it operated more like YouTube.

    Forward Research also bought solarplex, which they boast as having sold “over 120,000 NFTs”, which tells me all I need to know about their intentions.

    I’d steer way clear of this, nothing good can come of it, and if you have any doubts, watch Folding Ideas NFT video.

    Stick with Peertube.

    • DreitonLullaby@lemmy.mlOP
      1·
      4 months ago

      I wasn’t aware that odysse was originally a crypto video sharing platform, I thought it operated more like YouTube.

      Hey mate, It’s not exactly a crypto video sharing platform, but it does incorporate crypto in how it operates. Odysee isn’t the blockchain itself, it’s a website frontend for the blockchain, which has previously always been the LBRY network. How it works is that you would receive small amounts of LBC (LBRY coins) for watching some content. You can than use the earned currency to upload videos and articles onto the platform, and it can be boosted by other peoples channel donations to support individual content creators, which are optionally either more LBC or using traditional fiat currency if you so choose. I know it’s very easy to upload stuff because I have my own channel, you practically aren’t even paying for it since you can upload a video for as little at 0.0001 LBC. My understanding is that they’re moving away from LBRY and towards Arweave, though I’ve not looked at the FAQ yet (linked below). If you check their channel, they posted more a lot of info at the same time as this video. The Odysee community has been waiting for details on an announced update for a few weeks.

      The Future of Odysee (Article)

      FAQ concerning Odysee’s new tech