The world’s first decentralized crypto-streaming and video platform
HIGHLIGHT
- Gummy Bears is a blockchain-powered peer to peer decentralized streaming and video platform
- Users earn cryptocurrency when they stream or watch
- Gummy Bears offers significantly reduced fees than other streaming services by leveraging blockchain technology
- Only the blockchain public address is required to login
- Advised and led by executives from Cardano and Tezos, former board members of Hyundai, and others.
PRODUCT
A blockchain-powered peer-to-peer decentralized streaming and video platform that rewards users and protects their privacy.
Users can signup from any part of the world using only their blockchain public address, stream freely or upload existing content, make donations using cryptocurrency, interact with other users, and subscribe to channels. Users are rewarded in cryptocurrency including the utility token powered by Gummybears when they stream or watch videos.
Gummy Bears is a decentralized, uncensored, and safe platform: a community-driven ecosystem that works for the benefit of its users, who include streamers, viewers, and Gummybears token holders.
Through Gummybears privacy measures, users have peace of mind knowing that they do not need to worry about their data being sold to third parties or a data bridge as they only need a blockchain public address to use the platform.
The roadmap includes but is not limited to non-fungible tokens (NFTs) enabling tokenized streaming bundles, custom loyalty programs for streamers and viewers, and further community-suggested platform improvements.
PROBLEM
- Freedom of expression is an important concern including users right
- Lack of Privacy as companies store too much personal and sensitive data
- Most Companies take days to release payments to streamers
- Extremely high fees and commissions
SOLUTION
A web platform where users can stream without any limitation to:
- Make money when streaming or watching
- Save money as there are no hidden charges or high commission fees
- Experience freedom of speech
- Have privacy because there is no personal data required to login
- Enjoy blockchain, its instant and transparent transactions
BUSINESS MODEL
Transaction fees, Adverts, and selling of utility tokens drive the development and sustainability of Gummy Bears.
Gummy Bears business plan is straightforward, as commission fees, adverts, and selling of utility tokens are its primary source of revenue. 8% interaction and subscription fees go to platform operations and sustainability.
MARKET
The video streaming industry is experiencing exponential growth and could see 21.0% growth rate from 2021–2028.
Gummy Bears is a new type of video-sharing and social media ecosystem that is decentralized, safe, and accessible. The Global Streaming Video Revenue to hit $94B in 2025 according to PwC forecasts.
In 2020, the global online video platform market size was valued at USD 6.13 billion and is expected to expand at a compound annual growth rate (CAGR) of 18.4% from 2021 to 2028.
The Streaming trend is poised to increase as entertainers, entrepreneurs, and Millenials explore new ways to engage with their fans and audiences as a result of the COVID pandemic.
Gummy Bears is the first to create a blockchain-based stream-to-earn and watch-to-earn reward system, which is expected to attract more streamers and investors to the blockchain and cryptocurrency space, resulting in increased adoption.
The streaming industry’s revenue forecast for 2028 is $223.98 billion, with a Live Streaming Market Size value of $59.14 billion in 2021.
Due to the increased popularity of online videos, the market has seen tremendous development in recent years, with viewership steadily overtaking traditional video content sources such as cable and satellite television. The trend is having a favorable impact on the market for online video platforms, especially in developed nations like North America and Europe.
TEAM
Gummy Bears is made up of a group of people with diverse experiences in business, technology, blockchain, law, and governance who are passionate, talented, and hardworking.
GUMMY tokens drive the Gummybears ecosystem
The GUMMY token is the native token of Gummy Bears, powering its self-driving economy. It derives its utility from 4 purposes: streaming, loyalty, privacy, and accessibility. The maximum supply of GUMMY is fixed at 1 billion.
