Viken

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Ayo OluAyoola
Project Owner

Viken

Funding Requested

$5,000 USD

Expert Review
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Community
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Overview

A tokenized, decentralized and democratized video-sharing platform. Recent statistics show that over 3.7M videos are uploaded to social media daily. Video-content consumers spend an average of 47.5 minutes on a single platform within a day. The prominent web2 video-sharing platforms have almost 6 billion monthly active users. Up until this time, the monetization model is essentially stiff and anti-consumer whereas consumers are responsible a whopping $864B productive hours input on video-sharing platforms annually. We seek to understand what it will take to create a solution where everyone can own a video-sharing platform on web3, where advertisers, creators and consumers can benefit.

Proposal Description

Our Team

The team comprises persons with good research skills and backgrounds for AI, blockchain, content creation, sociology and psychology which are key skills needed for this solution

View Team

Please explain how this future proposal will help our decentralized AI platform grow and how this ideation phase will contribute to that proposal.

People crave entertainment. The only thing humans crave better than entertainment is staying alive. Web2 video-sharing platforms have been successful because they provide people with entertainment, information, and education. The bottom line is that a whopping 5.95 billion people are involved with this every month. We should want a slice of that on SingularityNet and all its attendant benefits and advantages. This ideation phase helps us know exactly how and what it will take to create such a Web3 video-sharing platform.

Clarify what outcomes (if any) will stop you from submitting a complete proposal in the next round.

No outcome we can think of.

The core problem we are aiming to solve

According to the World Bank, about 712 million people were in extreme poverty as of 2022, and only 17% of the world's population are middle-class income earners. In the same vein, video-sharing platforms can conveniently post a $8.1 billion revenue in one quarter. The full import of this is that a sizeable fraction of the world's population continues to offer time and value for which they do not get rewarded.

We aim to use a decentralized and tokenized web3 video platform to entertain, inform, educate and redistribute wealth. So that more people of the world can access improved quality of lives doing exactly  the same thing they have always done.

Our specific solution to this problem

We explore the possibilities available to create Viken, a video platform both a video-sharing platform and a coin. 

We want to research and discover what methodologies are necessary and what tools are available to build an AI-powered web-3 video-sharing platform.

We hope to find out that we can build Viken, an intuitive video-sharing platform where 

  • advertisers get good value for money as ads are shown to people who will likely buy
  • creators make more money per impression than is made on Web 2
  • anyone can own a slice of the platform via coin ownership
  • community members can stake or bet on the progress of creators
  • content consumers can earn money for productive time spent on the platform

Proposal Video

Placeholder for Spotlight Day Pitch-presentations. Video's will be added by the DF team when available.

  • Total Milestones

    3

  • Total Budget

    $5,000 USD

  • Last Updated

    20 May 2024

Milestone 1 - Conceptual Framework and Research

Description

Design concept framework. Research existing programs, concepts, and whitepapers. Find USPs for Viken

Deliverables

A concept framework, a user flowchart and a detailed report of key technologies, requirements, challenges and opportunities.

Budget

$1,500 USD

Milestone 2 - Survey and Data Collection

Description

Investigate the most effective and ethical market entry methods for this product type. Explore what the combinative strategies of airdrops and video scheduling tasks and fun challenges may achieve.

Deliverables

A detailed report on the use cases, USPs and market entry and dominance requirements

Budget

$2,000 USD

Milestone 3 - AI Integration and Product Development Framework

Description

Evaluate existing AI technologies and tools available for leverage and partnership. Develop a project development framework from all available reports. Create project execution requirements.

Deliverables

An assessment report of current AI technologies in video sharing, production and generation, including a comparative analysis of their capabilities and limitations. Product development framework.

Budget

$1,500 USD

Join the Discussion (3)

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3 Comments
  • 0
    commentator-avatar
    Emotublockchain
    Jun 9, 2024 | 6:22 PM

    What makes this project unique?

  • 0
    commentator-avatar
    Emotublockchain
    Jun 9, 2024 | 6:21 PM

    Hopeful, I would like to see the possiblity of this project colloboration once live!!

  • 0
    commentator-avatar
    Emotublockchain
    Jun 9, 2024 | 6:17 PM

    This is a brilliant project it states tokenomics with quality video sharing. impressive

Reviews & Rating

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5 ratings
  • 0
    user-icon
    Tu Nguyen
    May 31, 2024 | 7:46 AM

    Overall

    4

    • Feasibility 3
    • Viability 4
    • Desirabilty 4
    • Usefulness 4
    Viken

    To my understanding, the problem this proposal would solve is that a large segment of the world's population continues to contribute time and value for which they receive no reward. This proposal will use a decentralized and encrypted web3 video platform to entertain, inform, educate and redistribute wealth so that more people around the world can access an improved quality of life by doing exactly what they've always done.
    In my opinion, they should share more detailed information about the members. For example, they can share members' social network links.

  • 0
    user-icon
    Max1524
    Jun 10, 2024 | 4:10 AM

    Overall

    4

    • Feasibility 3
    • Viability 4
    • Desirabilty 4
    • Usefulness 4
    Inclusiveness is something that is highly valued

    From the perspective of a video sharing platform, I see Viken as a creativity combined with technology to create something new. I acknowledge the efforts of Ayo OluAyoola and other members. I think Viken is a product that everyone involved in media and video should refer to to distill what needs to be learned. Comprehensiveness is also something I appreciate.

  • 0
    user-icon
    CLEMENT
    May 31, 2024 | 3:05 PM

    Overall

    4

    • Feasibility 4
    • Viability 4
    • Desirabilty 5
    • Usefulness 5
    Project greatly empowers the digital economy.

    Hey Ayo. I must commend this initiative. Your vision for a tokenized, decentralized video-sharing platform has the potential to drive positive change both in the broader digital landscape and within the SingularityNet AI marketplace.  Personally, I see Viken as potentially a paradigm shift in the video-sharing industry by leveraging decentralized and tokenized web3 technology. I believe that by democratizing ownership and participation, Viken will empower creators, consumers, and advertisers alike, fostering a more equitable distribution of wealth and opportunities within the digital and content creation and ownership realm. 

    Kudos to your team !

    You are welcomed to give your reviews on our project as well

    https://deepfunding.ai/proposal/4757/ - AI4M (Enhancing Malaria Predictability Using AI)

    https://deepfunding.ai/proposal/biotek-nexus-next-gen-biodiversity-conservation/ - BIOTEK NEXUS (Blockchain Biodiversity Conservation). Thanks

  • 0
    user-icon
    Devbasrahtop
    May 25, 2024 | 4:14 AM

    Overall

    4

    • Feasibility 4
    • Viability 3
    • Desirabilty 5
    • Usefulness 4
    Decentralized, Tokenized Video-Sharing Platform

    Overall

    The proposal for Viken, a decentralized and tokenized video-sharing platform, presents a compelling vision for leveraging Web3 technologies to disrupt the current video-sharing ecosystem. By focusing on equitable wealth distribution, better monetization for creators, and active participation incentives for users, Viken aims to transform the video-sharing landscape. However, the proposal is in its ideation phase and lacks detailed information on implementation strategies and team expertise, which are crucial for assessing the project's viability and feasibility.

    Feasibility

    It is theoretically possible to create a decentralized video-sharing platform, especially with the developments in blockchain and artificial intelligence. Nevertheless, the concept requires an evaluation of potential obstacles as well as more thorough technical plans. Verifying the platform's viability requires determining the precise techniques and equipment required for its construction. The feasibility assessment is currently limited because the emphasis is primarily on ideation rather than real implementation.

    Viability

    The team's ability to implement the idea and handle the challenges of fusing blockchain, artificial intelligence, and video-sharing technologies will determine whether Viken succeeds or fails. The team's credentials in content production, blockchain, and AI are important, but the proposal is vague about their precise responsibilities and level of platform development experience. The small budget and milestones further imply the necessity for more significant finance and resource allocation in order to guarantee effective development and implementation.

    Desirability 

    The desirability of a decentralized and tokenized video-sharing platform is high. Viken addresses significant pain points in the current Web2 video-sharing ecosystem, such as unfair monetization and lack of user incentives. By offering better value for advertisers, higher earnings for creators, and financial incentives for users, Viken can attract a large and engaged user base. The focus on redistributing wealth and creating a more equitable platform aligns well with current trends toward decentralization and user empowerment. This will significantly drive more awareness to the singularityNET ecosystem.

    Usefulness

    Viken is useful because it has the ability to completely change how people share, monetize, and watch video content. The platform can provide cutting-edge features and advantages that improve user experience and engagement by fusing blockchain technology with artificial intelligence. To fulfill the objectives indicated, the plan must, however, include more specific information about how these technologies will be used and applied. The platform's success will depend heavily on guaranteeing user experience and data security and privacy.

     

  • 0
    user-icon
    HieuTran
    May 31, 2024 | 10:09 AM

    Overall

    3

    • Feasibility 3
    • Viability 2
    • Desirabilty 4
    • Usefulness 4
    Web3 for future content creators

    Feasibility

    The project has identified a possible niche for sharing videos on Web3 and produced remarkable statistics to support its implementation. Even while the project is still in its early stages, this is insufficient. This proposal requires additional data and arguments to boost the project's feasibility. Implementing this project will increase the number of content providers who will use the platform. 

    Viability
    The proposal does not include a budget basis for each milestone, nor does it specify the time required to achieve each milestone. When executing the project, team members do not have personal information channels or assigned tasks.

    Desirability

    The proposal identified market needs, particularly for content creators.

    Usefulness

    This idea allows DF to have much more users participate.

     

     

     

     

    user-icon
    Ayo OluAyoola
    May 31, 2024 | 2:40 PM
    Project Owner

    Dear Hieu Tran

    How do you do? I want to thank you for taking time out to write a review on our proposal. Although I do think you may have to revisit your review. You have made assertions that aren't correct.

    First of all, it is not possible to fill a deep funding milestone without attaching cost per milestone. You literally will not be able to submit.

    Secondly, I think you need to understand the difference between an Ideation project or an execution project. Viken above is an ideation. The whole idea of ideation is to go look for answers, all possible answers. The concept of ideation is to go and find clarity. When reading an ideation project proposal reviewer should consider mainly if the proposer knows how to research and knows where to find answers. Also, if the general idea of the ideation outcome is explorable.  please read more about ideation here.

    We have copied the milestone aspect of our proposal here. Please go through it again. We would like to add that any ideation project is mostly viable, as answers can either be positive or negative, but nonetheless, answers.

    We are very passionate about this project.

    In the light of this, dear Hieu Tran we would appreciate if you could please revisit your review. 
    Thank you so much.


    Milestone 1 - Conceptual Framework And Research

    Description

    Design concept framework. Research existing programs, concepts, and whitepapers. Find USPs for Viken

    Deliverables

    A concept framework, a user flowchart and a detailed report of key technologies, requirements, challenges and opportunities.

    Budget

    $1,500 USD

     

    Milestone 2 - Survey And Data Collection

    Description

    Investigate the most effective and ethical market entry methods for this product type. Explore what the combinative strategies of airdrops and video scheduling tasks and fun challenges may achieve.

    Deliverables

    A detailed report on the use cases, USPs and market entry and dominance requirements

    Budget

    $2,000 USD



    Milestone 3 - AI Integration And Product Development Framework

    Description

    Evaluate existing AI technologies and tools available for leverage and partnership. Develop a project development framework from all available reports. Create project execution requirements.

    Deliverables

    An assessment report of current AI technologies in video sharing, production and generation, including a comparative analysis of their capabilities and limitations. Product development framework.

    Budget

    $1,500 USD



Summary

Overall Community

3.8

from 5 reviews
  • 5
    0
  • 4
    4
  • 3
    1
  • 2
    0
  • 1
    0

Feasibility

3.4

from 5 reviews

Viability

3.4

from 5 reviews

Desirabilty

4.4

from 5 reviews

Usefulness

4.2

from 5 reviews

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