FreeFlix Media Network

decentralised media network for creators, studios and agencies to efficiently manage, distribute & monetize media assets

• sovereign chain for creators and studios to manage media assets and engage their community through token or staking derivatives based membership
• connect with the FreeFlix Media Network to utilize storage, CPU & bandwidth from nodes that run on web3 infrastructure
• participate in the Media Marketplace to exchange assets and other primary assets or derivatives created

Context

• Lack of audience ownership and community participation in content creation

  • YouTube nor Facebook allow audience ownership

  For example, on YouTube, there's no way for creators to directly write to subscribers unless they use YouTube features like uploading a story, posting on the community tab, etc.

  • Enable community, audience and interested stakeholders to participate in the creation, management, distribution and monetization of media assets

• Lack of standardisation (thereby lacking efficiency) in management & distribution workflows

  • Keeping a track of

    • media metadata
    • metadata of sub-assets
    • partner information along with distribution metadata (rights, financial terms, platforms, various versions, etc.)

    becomes challenging and tedious right from accounting to information management and reporting

  • Different platforms demand different video/image encoding formats and keeping a track of all the distributed content is truly challenging as well

• Highly evolving yet being low on collaboration

  • due to lack of organized metadata

  • due to potential security threats to media files when exposed to multiple people for collaboration

  • Cloud + NFTs

    • Media metadata is scattered
    • Media files are hosted on local servers

    Access both!

    • Metadata related to ownership, files, etc. are in paper documents buried in long form contracts not accessible by the outside world while files reside in offline disks and local servers without maintaining a direct relation with the rights within respective Agreements

• Unrealized revenue due to low degree of freedom to repurpose content

  • Lack of media asset information on current (& past) ownership
  • Typical scenario —
    • 4 categories (Linear, Non-linear, Physical & Ancillary) of 276 independent rights (interpreted, not standard globally)*
    • in 194 major countries
    • with an option to license exclusively or non-exclusively receive the license
    • along with the ability to sub-license (or not) specific rights

User Needs

• New media economy - FTs or NFT for community membership

  Assets or NFTs that can be transferred/staked/locked in contracts or through specific modules that perform NFT-specific activities like

  • distribution of media assets (primary or secondary) to various platforms independently or as pools with other media assets
  • distribution of media assets in video-on-demand or linear (broadcast) formats and at times converting delivery mediums like analog to digital

• Collaborative Management of Media files, Metadata and underlying Rights

  • A simple, yet standardized digital media asset data format/structure that captures asset details related to ownership, distribution and monetization
  • Assets that have hierarchical information similar to link documents etc.

• Achieve accurate revenue attribution using audit capabilities of DLT + NFT

  • Creators lose out a lot of revenue due to inc

Unique Challenges

• Primary & Secondary NFT Model (hierarchy for NFTs) - Native to the protocol or not? Exclusive/non-exclusive transfer of ownership rights leads to creation of new assets (sub-assets that are NFTs or secondary NFTs of the primary/source NFT)
• Interface for implementation of divisible non-fungible assets — again, to suport natively or to do it externally (during exclusive or non-exclusive transfer of rights)
• Combining the use of fungible assets and NFTs for divisible/fractional ownership of a specific asset or even secondary NFTs
• Integration of the NFT module with payment modules in such a way that non-redundant during distribution of media assets to platforms and during revenue attribution back from the platforms
• What happens in an interchain scenario? If NFTs reside on the source chain, can a contract on chain 2 generate a secondary NFT and mutate the primary NFT for a parent-child relationship?