Please describe your proposed solution.
Overview:
The development and launch of a multi-platform mobile application for Nucast marks a significant milestone for Cardano, as it expands the reach of the decentralized video streaming platform to a wider audience. Nucast has already gained popularity as a streaming platform on Cardano, and the introduction of the iOS and Android apps enables users to enjoy a seamless and decentralized streaming experience on their mobile devices.
During our beta phase, Nucast has successfully built a vibrant community of over 8000+ members across our social media channels and Discord. This engaged community has played a crucial role in providing valuable feedback and contributing to the platform's growth. Furthermore, we are excited to announce that we have generated over 150,000 ADA in revenue to date. These funds have been wisely reinvested into the development of our web app and assembling a talented team proficient in various domains.
Additionally, we are thrilled to announce that Nucast team has been selected as the official community partner for conducting the Cardano Summit in India. As the community partner, we will leverage our decentralized 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
Platform Support:
The mobile app will be designed and developed to be compatible with:
- Android
- iOS
Features and Functionality:
The mobile app will offer a user-friendly interface, designed to provide an intuitive browsing and streaming experience. Key features and functionality include:
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Easy Wallet Connect: Users will be able to connect their Nucast accounts to the mobile app by scanning the QR code generated by their web app or they can also sign in manually through link received on email.
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Custodial and Non-Custodial Integration: The app will support both custodial and non-custodial wallets which means user can use an auto generated wallet on sign up or connect their non custodial wallet if they wish to, allowing them to choose the method that best suits their preferences and needs.
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Fiat Integration: To enhance usability, the app will enable seamless integration of fiat payment methods, such as credit cards and UPI (Unified Payments Interface). This will allow users to purchase movies or videos with ease directly from the app.
Note: UPI is the most popular payment method in India. In 2022, UPI processed over 590 billion transactions worth ₹39 trillion. This is more than any other payment method in India, including credit cards, debit cards, and net banking.
- High-Quality Streaming: The mpbile app will support high-quality streaming, including 4K resolution, catering to users with high-end TVs and providing an immersive and visually stunning viewing experience.
Technical Workflow for Seamless User Flow on Mobile App (QR Code Integration and Manual Sign-in with Email Verification):
1. User Launches the Mobile App:
- The user opens the Nucast mobile app on their smartphone or tablet.
2. User Scans QR Code or Enters Email:
- The user has two options to log in: scanning a QR code or manually entering their email address.
3. QR Code Integration:
- If the user chooses to scan a QR code, they access the Nucast web app on their PC or another device.
- In the web app's login/signup section, a unique QR code is displayed.
- Using the mobile app's built-in QR code scanner, the user scans the QR code.
4. Email Verification:
- If the user chooses to enter their email, they provide their email address using the mobile app's input fields.
- The Nucast mobile app sends a verification link to the provided email address.
- The user checks their email inbox and clicks on the verification link to confirm their account.
5. Wallet Integration and Verification:
- In both cases (QR code or email), the Nucast mobile app verifies the login information (either the scanned QR code or the verified email).
- The user's wallet integrated into the mobile app is linked with the web app, enabling seamless authentication and account access.
6. Successful Login and Synchronization:
- Upon successful verification, the mobile app confirms the user's login, and the account details, preferences, and wallet information are synchronized.
7. Seamless User Experience:
- With the login process complete, the user can now enjoy a seamless browsing, searching, and streaming experience within the Nucast mobile app, utilizing their integrated wallet and personalized settings.
Here are some screenshots of the Android app currently in development, we have released the beta version for the community but with the funds from Catalyst, we will be able to introduce our unique selling proposition (USP) features, such as easy onboarding, fiat integration and develop full-fledged, scalable applications for both iOS and Android.
Go-to-Market Strategy:
Partnerships with Production Houses:
Nucast has already signed Memorandums of Understanding (MOUs) with seven leading production houses, establishing collaborations to promote Nucast adoption.
These partnerships will involve the production houses showcasing their content on Nucast, demonstrating the platform's capabilities and benefits to their audiences.
Joint marketing efforts, such as cross-promotion and exclusive content releases, will be organized to leverage the production houses' fan base and attract new users to Nucast.
App Store Optimization (ASO):
Optimizing the mobile app's presence on app stores is crucial for increasing visibility and driving downloads. Nucast should focus on optimizing the app's metadata, including keywords, title, description, and screenshots, to ensure it ranks higher in relevant search results. Positive user reviews and ratings also play a significant role in attracting new users, so Nucast should encourage satisfied users to rate and review the app on the app stores.
Community engagement: Building on the existing vibrant community, Nucast should continue engaging with its users through social media channels, Discord, and other platforms.
How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?
The proposed solution addresses the following key points outlined in the challenges brief:
Creation or improvement of different products: The development of a multi-platform mobile application for Nucast introduces a new and highly accessible way for users to enjoy decentralized video streaming on Cardano. By expanding the platform's reach to Android and iOS, users can seamlessly stream content on various TV platforms, enhancing their overall streaming experience and attracting a wider audience to the Cardano ecosystem.
Integrations with other existing services, products, and protocols: Nucast's partnerships with production houses strengthen the integration of the platform within the Cardano ecosystem. Collaborating with production houses allows for exclusive content releases and cross-promotion, increasing awareness and attracting new users to Cardano.
Solving a key problem or issue: The introduction of the Android and iOS app addresses the challenge of decentralized video streaming by providing a user-friendly and seamless streaming experience across multiple platforms. By integrating features like easy wallet connect, custodial and non-custodial wallet support, and fiat payment integration, Nucast offers convenience, choice, and accessibility to users, making it easier for them to participate in the Cardano ecosystem and enjoy the benefits of decentralized video streaming.
Impact:
The proposed solution significantly benefits the Cardano ecosystem by expanding its user base and attracting a broader audience. The mobile app's intuitive interface, high-quality streaming contribute to a positive user experience, fostering engagement and retention within the ecosystem. The partnerships with production houses further amplify the reach of Cardano, exposing more users to the platform and its decentralized offerings. Overall, the solution drives adoption, community growth, and the overall development of the Cardano ecosystem in the decentralized video streaming sector.
Additionally, the global video streaming market size was USD 372.07 billion in 2021 and is projected to grow from USD 473.39 billion in 2022 to USD 1690.35 billion by 2029, exhibiting a CAGR of 19.9% during the forecast period. Onboarding even a small portion of this market will bring immense value to the Cardano ecosystem.
How do you intend to measure the success of your project?
Measuring the success of the project can be done using the following metrics:
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User Adoption: Tracking the number of active users of the mobile app across different platforms will provide insights into the project's ability to attract users to the Cardano ecosystem.
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User Engagement: Monitoring user engagement metrics such as the average time spent on the app, the number of videos watched per user, and the frequency of app usage will indicate the level of user engagement and satisfaction.
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Content Diversity: Evaluating the range and variety of content available on the mobile app, including the number of content creators, genres, and languages represented, will indicate the growth and diversity of the ecosystem.
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Number of Fiat Transactions from mobile App: Tracking the number of fiat transactions made through the mobile app will provide insights into the app's usability and its ability to integrate with fiat payment method.
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Partner Integrations: Keeping track of the number of partnerships and integrations established within the Cardano ecosystem, specifically within the decentralized video streaming space, will indicate the project's ability to collaborate and expand its offerings by leveraging the strengths of other projects and platform.
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Number of Partnerships: Tracking the number of partnerships established by Nucast with production houses and mobile manufacturers will demonstrate the project's ability to form strategic alliances and expand its reach within the industry.
By tracking these metrics, Nucast can evaluate the success of the project, identify areas for improvement, and make informed decisions to drive the growth and development of the Cardano ecosystem in the decentralized video streaming sector.
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:
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Regular Updates: Nucast will regularly publish project updates and key performance indicators (KPIs) on our Medium blog. These updates will provide detailed information about our progress, milestones achieved, user adoption, and other relevant metrics.
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Community Engagement: Nucast will actively engage with the Cardano community through various channels such as Twitter spaces, town halls, and AMAs (Ask Me Anything) sessions. These interactions will allow our team to present the project's outputs, discuss the impact, and address any questions or concerns from the community.
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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, we can ensure that the outputs and opportunities are shared with a wider audience.
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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.
By implementing these initiatives, we aim to effectively communicate the outputs and results of the project, reach a wider audience, and foster transparency and engagement within the Cardano community.