Project Name: TwikkL
Website: https://twikkl.xyz/
Project Lead: Jeremiah Abang
PURPOSE
Traditional video sharing platforms are controlled by a central authority, which controls the storage, management and distribution of videos. Users upload their videos to a central server, and other users can access and interact with the videos through the platform’s interface. The company that operates the central server is responsible for maintaining the infrastructure and setting the rules for the community.
Regrettably centralized video sharing platforms tend to have strict censorship rules, which limits the freedom of expression for users. Additionally, creators of content often receive little to no compensation for their work. We’ve seen a couple of their decentralized counterparts with attempts at reward systems and decentralization on distributed networks based on Blockchain technology.
Though decentralized video streaming applications aims at solving the problems faced with their traditional counterparts, they also have been greeted with some downsides like slow onboarding process and lack of concrete reward structure. Web3 applications rely on decentralized infrastructure, which can make the onboarding process for new users confusing and complex. Users need to have an understanding of blockchain concepts such as private keys, public addresses, and gas fees. They may also need to set up a digital wallet and acquire cryptocurrency or NFT before using the application. These steps can be overwhelming for new users and may prevent them from fully engaging with the application. Additionally, lack of user-friendly interfaces and inability to maintain reward structures can also be a problem, lacking a revenue generation model to constantly provide liquidity for tokens issued to users as reward will cause the value of content monetization to drop leading to users being demotivated.
Set to change the narrative and experience with decentralized video sharing platforms, TwikkL is a decentralized video sharing platform that utilizes blockchain technology and Sia storage network to provide a censorship-free and transparent environment for users to share and stream videos. By using a blockchain network, TwikkL ensures that the platform remains decentralized and the content is stored on a decentralized storage network, making it more difficult to remove or censor content. Using Sia Network, TwikkL provides a decentralized and secure alternative to traditional cloud storage providers by allowing users to store their data across a distributed network of nodes, rather than relying on a single centralized provider. Additionally, TwikkL utilizes it’s sustainable revenue generation models to provide a fair reward structure for content creators and users, allowing them to monetize their content and be fairly compensated for their contributions to the platform.
TwikkL’s plan on web3 intergration to Sia will be assisted by Lumeweb and S5. Also with plans on utilizing the Lens protocol API for it’s Social network graph and for low/efficient gas cost TwikkL is built on the Polygon Network and will see to advance to other chains when necessary.
Synopsis of TwikkL’s features/characteristics
Video groups: TwikkL allows users to create and manage their own video groups or communities, which could be focused on specific topics, interests, or communities. This provides users with a more personalized and tailored video sharing experience.
Decentralized data storage: TwikkL aims at the integration of Sia, the platform’s decentralized and blockchain-based architecture provides a secure and transparent way to store and access videos without relying on centralized servers.
Content monetization: TwikkL utilizes advertising and NFTs for content monetization and rewards are stored in an inbuilt wallet on the platform.
Governance proposals: TwikkL allows users to submit/vote governance proposals, related to changes or improvements to the platform.
Smart contracts: Like most web3 platforms, TwikkL incorporate Solidity smart contracts into its platform in order to facilitate transactions, interactions, and access controls.
Governance tokens: TwikkL issues governance tokens to users, which gives them the ability to participate in governance decisions or vote on issues related to the platform.
Project Timeline
Design prototype done and current development using React Native, solidity for the mobile application in progress.
The project follows a concise roadmap…
•UI/UX design prototype «This milestone includes project file setup, dependency, screen design etc.» [Oct 2022 - January 2023]
•Mobile app development with React Native and Smart contracts implemention «This milestone involves implementing the design with its functionality and linking to the backend»[January - May 2023]
•CDN and Sia intergration [May 2023]
•First Product test [June - July 2023]
Risk
The potential risk for TwikkL is the issue of mass onboarding in a short period of time. As the platform gains more users, the infrastructure and resources required to support them will need to scale accordingly. This can put a strain on the network and potentially lead to issues such as slow load times or transaction failures.
Open Source
TwikkL is 100% open source with a public repository located at
GitHub - JiggyDevs/twikkl-app: Modern video sharing app with social services and more
Budget:
The Project request for $70,000 for year 2023 with the detailing of expenses:
•$30,000 to be the full time salary of Jeremiah Abang, the Team Lead and Product manager. it’ll be paid at monthly intervals
•$40,000 to see the actualization of the product, with the detailing as follows….
“$15,000 to cover development and technical expenses, including the purchase of an extra MacBook cost $1200”
“$10,000 covers marketing and partnerships expenses”
“$15,000 covers all hiring, audits and testing expenses.”
In addition we will make strategic partnerships with trending artist and content creators to onboard their fanbase on the Platform, driving mass adoption.
Conclusion
The progress of the project will be communicated accordingly to the community.
We look forward to actualizing this unique product whilst contributing to the adoption and growth of the Sia Network.