⌞ Cryptocurrency Live Streaming Track, Let's Get Started ⌝
I research what young people like.
Recently, I've been studying the cryptocurrency live streaming track, excluding a bunch of projects that have already issued tokens, and currently, only three are viable:
1⃣ @Sidekick_Labs, invested by Binance, focuses on cryptocurrency and has captured a significant market share.
2⃣ @AbstractChain live streaming of Penguin Chain, predominantly featuring Western hosts, relying on the Penguin community for development.
3⃣ @megaeth_labs incubated @trysweep, a rising star capturing niche markets.
🌈 Let's talk about Sidekick first.
After securing funding last year, the development speed has noticeably increased. Since launching in March this year, it has become the base for cryptocurrency ⌞ Airdrop Farming ⌝, ⌞ Live Dog Fighting ⌝, and ⌞ Chain Game Gold Farming ⌝. Many top KOLs have appeared live, gaining points and building community popularity, achieving two goals at once.
🔹 Advantages: High market share, the platform already has real income, fast product iteration, and a strong development team.
🔸 Disadvantages: Compared to traditional live streaming, the audience is mainly there to learn how to make money, resulting in lower numbers of casual entertainment viewers.
🎡 Now let's discuss Abstract Live.
After the Penguin NFT community created its own L2 chain, a newly emerged live streaming platform. It features interviews, music, games, and other creative streams, with relatively rich content, primarily covering English-speaking populations. My observation is that the community is very active; Westerners really enjoy entertainment and work very little. 😅
🔹 Advantages: The Penguin community is very active, actively capturing the English-speaking market in the cryptocurrency space, and the expectation of token issuance attracts users.
🔸 Disadvantages: Weaker technical development capability, needs improvement in live streaming stability, and the Chinese-speaking market is very small.
🍀 Lastly, let's talk about Sweep.
Since MegaETH is still on the testnet, this project is relatively obscure with few participants. It does not develop live streaming technology itself but relies on the Twitch platform, focusing on live streaming games like Call of Duty and Battlefield. The gameplay allows users to bet on streamers on-chain, earning points based on whether they win, kill counts, etc.
🔹 Advantages: A prediction platform for game live streaming, with strong casual entertainment appeal.
🔸 Disadvantages: Depends on another platform, has a single product, and is not well-known in the cryptocurrency space.
I think Chinese streamers should focus on working hard on @Sidekick_Labs, using English for live streaming, as we don't have that capability, right?
✅ Summary
Infrastructure from the 2G era cannot birth high-speed live streaming platforms.
In the 5G era of cryptocurrency, cash rewards in the live streaming track are a steady cash cow, definitely a good business.
Popular tracks will certainly see new competitors. I’m actually looking forward to two things:
1) Looking forward to the Sidekick team announcing the platform's operating income. If this track really takes off, this could be a unicorn in the cryptocurrency space.
2) The market performance of Sidekick after issuing tokens. If it can use live streaming income for buybacks, it would be somewhat like mining machines, which is interesting.
Embrace the youth, understand the new era. Brothers, let's make money together! 🫡
