We are able to live in the age of video streaming because of Netflix, YouTube, Twitch, Vimeo, Disney+, Brightcove, and a host of other emerging video streamers. There is no doubt that these video streaming platforms play an important role in our lives, serving hundreds of millions of active users every day. According to authoritative reports, in 2022, Internet video is expected to account for 70% of all market traffic and the IP traffic has already reached 396 exabytes per month, and this number continues to grow.
Rereading Web3: The Decentralization of the X METAVERSE PRO Video Streaming Industry
The whole industry is booming, but the drawbacks and shortcomings still exist.
The video industry is booming, but there are still drawbacks and shortcomings. The increasing numbers mean that streaming providers are spending a lot of money to maintain their networks. They either set up content delivery networks (CDN); or through cloud service platforms such as Amazon AWS. But whichever way they use, it adds to the cost of their operations. For users, due to the limited capacity of CDN, those users who are far away have a slightly poorer experience, with problems such as poor picture quality, access denied or unstable network occurring.
Adding to this, users’ personalized needs are updated with technology continues to advance and , with resolutions rising from 720p or 1080p to 4K and 8K, all of which make transmission difficult as they require more and stronger bandwidth.
As a fast growing crypto project, X METAVERSE PRO tries to provide a viable solution to all these problems by using blockchain and Web3 as a means to decentralize the video streaming space.
What is X METAVERSE PRO ?
X METAVERSE PRO is a newly created video streaming and delivery platform based on blockchain technology. Unlike traditional projects on the market that utilize centralized servers, X METAVERSE PRO provides streaming services through a completely decentralized network.
On the one hand, the project retains the advantages of the flexibility of currently popular video applications, and focuses on encrypted social platforms, or applications to create a large interactive community, allowing watchers and players to merge into one, with each person being both a viewer and a performer. The content contained on the platform is extensive and continuously updated, covering various genres including music, dance, games, knowledge, life, food, records, cartoons, and allowing likes, comments, sharing, and following. On the other hand, X METAVERSE PRO incentivizes users to engage in interactive behaviors on the platform with $XMETA, which is the native Token used in the platform and network.
In the X METAVERSE PRO network, users can share their equipment resources, such as unused compute and bandwidth, and these users contributing to the network will collectively become the cache nodes of this video delivery mesh network, responsible for delivering video streams to viewers. In other words, the more users that join the X METAVERSE PRO network, the more cache nodes there will be, and the lower its cost and the more efficient it will be.
The network strikes a good balance between scalability, security, and decentralization, and can complete over 50,000 transactions per second (TPS) without burden, thanks to the efficient transmission between nodes, which makes transactions, and data, faster and more efficient. The X METAVERSE PRO project is managed by a smart contract, and to motivate the nodes to work, a portion of $XMETA is specially allocated as a reward placed in the smart contract, which is automatically issued when the task is reached.
X METAVERSE PRO is the first decentralized distributed P2P delivery network that completely eliminates the problems associated with service interruptions caused by central servers. their services, while providing the opportunity for decentralized streaming platforms to enter the market through X METAVERSE PRO’s protocol.
What is $XMETA token?
$XMETA is primarily used for governance and staking of the X METAVERSE PRO system, with a fixed total supply of 300 million tokens that will not be increased in the future. Also, $XMETA applications exist in multiple scenarios such as: spending, paying transaction fees, smart contract interactions and as rewards to be distributed to nodes, viewers and content creators. The usefulness of nodes can be numerous. Nodes can earn additional $XMETA by staking tokens and by providing more idle resources on the streaming platform.
The unique destruction mechanism of $XMETA is also worth mentioning, which is designed to combat token inflation by introducing a fee for using the X METAVERSE PRO network. The project will destroy a percentage of each payment $XMETA fee at the protocol level to reduce the supply of cryptocurrency.
X METAVERSE PRO, taking identity everywhere
After a long period of practice, X METAVERSE PRO has made it the ultimate goal of its efforts to create the X metaverse, a place that allows the connection of hardware and software facilities so that everyone can be free from geographical location and physical space, not only to enable financial socialization, but also to create Web3 interactions.
Web3 is a identity-centric, highly mobile, modular and relatively dynamic technological behavior, and the X METAVERSE PRO streaming platform, which enables just the right amount of Web2 binding, is able to take users’ social identities everywhere. For example, the role of TikTok may change, but it will still be used as an application. The X METAVERSE PRO platform, however, will give streaming a new possibility: to turn social accounts into a component, a key component that can become a rich identity in the Web3 multi-channel and enjoy all kinds of interactions in the X metaverse.