Please describe your proposed solution.
Overview:
The development and release of a multi-platform TV application for Nucast represents a pivotal milestone for Cardano, as it extends the influence of the decentralized video streaming platform to a broader audience. Nucast has already gained popularity as a streaming platform on Cardano, and the introduction of the TV app allows users to enjoy a seamless and decentralized streaming experience across various platforms.
At Nucast, we have successfully cultivated a thriving community of over 8000+ members across our social media channels and Discord during our beta phase. This engaged community has been instrumental in providing valuable feedback and contributing to the platform's growth. Additionally, we are proud to announce that we have generated 150,000+ ADA in revenue to date. These funds have been wisely reinvested into building our web app and assembling a talented team proficient in various domains.
Additionally, we are thrilled to announce that Nucast 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 TV app will be designed and developed to be compatible with multiple platforms, including:
- Android TV
- iOS TV
- Roku TV
- Tizen OS
- Fire TV
- webOS
Features and Functionality:
The TV 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 account to the TV application using a 4-digit authentication code generated by the Nucast TV application. This streamlined process ensures secure and convenient access to their account.
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Custodial and Non-Custodial Integration: The application 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 users to choose the method that best suits their preferences and needs.
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Fiat Integration: To enhance usability, the application 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 TV application will support high-quality streaming, including 8K resolution, catering to users with high-end TVs and providing an immersive and visually stunning viewing experience.
Technical Workflow for Seamless User Flow on TV App:
1. User Launches the TV App:
- The user opens the Nucast TV app on their smart TV and is presented with the login/signup screen.
2. User Enters Email/Username:
- The user enters their email or username using the TV remote or an on-screen keyboard.
3. TV App Generates Login Code:
- The TV app generates a unique login code specific to the user's email/username. This code will be displayed on the TV screen.
4. User Accesses Nucast Web or Mobile App:
- The user opens the Nucast web or mobile app on their device (PC, smartphone, or tablet).
5. User Navigates to "Connect TV" Section:
- In the Nucast web or mobile app, the user navigates to the "Connect TV" section, where they can establish a connection with their TV app.
6. User Enters Login Code:
- In the "Connect TV" section of the Nucast app, the user enters the login code displayed on their TV screen.
7. Verification and Wallet Integration:
- The Nucast app verifies the login code entered by the user and establishes a secure connection with the TV app.
- The user's wallet integrated into the Nucast app is linked with the TV app, allowing seamless authentication and access to the user's account.
8. Successful Login and Synchronization:
- Upon successful verification, the TV app confirms the user's login, and the Nucast app synchronizes the user's account details, preferences, and wallet information with the TV app.
9. Seamless User Experience:
- With the login process complete, the user can now browse, search, and stream videos seamlessly on the Nucast TV app using their connected account.
Here are some screenshots of the Android TV app currently in development. We have already begun the process, but with the funds from Catalyst, we will be able to introduce our unique selling proposition (USP) features, such as easy onboarding, and develop applications for various TV platforms.
Tweet: <https://twitter.com/NucastIO/status/1653111790807441438>
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.
- Partnerships with Manufacturers:
Nucast is in talks with local TV manufacturers in India to make Nucast a pre-installed application on their smart TVs. This initiative aims to expand the reach of Nucast and provide users with easy access to the platform right out of the box. By forging partnerships with manufacturers, Nucast can tap into a broader user base and increase adoption of the decentralized video streaming ecosystem.
The introduction of the multi-platform TV application for Nucast expands decentralized video streaming to a wider audience, complementing its existing popularity on Cardano. With a thriving community, substantial revenue, and strategic partnerships, Nucast is well-positioned for growth and enhanced user experiences and bring Cardano to every home across the globe.
How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?
The proposed solution addresses the challenge by offering a multi-platform TV application, integrations with production houses and TV manufacturers, and a user-friendly streaming experience.
Creation or improvement of different products: The development of a multi-platform TV 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 smart TVs, 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 and TV manufacturers 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. Partnering with TV manufacturers to pre-install the Nucast app on smart TVs ensures easy access for users and promotes wider adoption of the Cardano-based decentralized video streaming ecosystem.
Solving a key problem or issue: The introduction of the TV 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 TV app's intuitive interface, high-quality streaming, and compatibility with various TV platforms contribute to a positive user experience, fostering engagement and retention within the ecosystem. The partnerships with production houses and TV manufacturers further amplify the reach of Cardano, exposing more users to the platform and its decentralized offerings. Overall, our solution drives adoption, community growth, and the overall development of the Cardano ecosystem in the decentralized video streaming sector.
Additionally, the global smart television market is expected to experience significant growth during the forecast period of 2022-2029. 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 TV 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 TV 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 TV App: Tracking the number of fiat transactions made through the TV 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 TV manufacturers will demonstrate the project's ability to form strategic alliances and expand its reach within the industry.
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Number of Integrations with Different Smart TV OS: Monitoring the number of integrations with various smart TV operating systems will indicate the project's compatibility and accessibility across different platform.
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: We 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: We 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, Nucast 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.
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Catalyst Updates: Nucast will participate in Cardano's Catalyst program and share project updates and progress reports within the Catalyst community. This will provide an opportunity to receive feedback, collaborate with other projects, and showcase the results achieved.
By implementing these pointers, Nucast aims to effectively communicate the outputs and results of the project, reach a wider audience, and foster transparency and engagement within the Cardano community.