Some of the biggest problems with digital media content today are that distributors charge massive fees or take a huge cut of profits, while essentially owning the content that they distribute. LBRY hopes to change that with their decentralized, open-source digital media protocol.Because of its decentralized structure, LBRY allows content creators to share their content without giving up ownership rights and doesn’t charge fees to distribute content.
LBRY sees blockchain as a way to provide its content creators and consumers with the ultimate digital content experience–changes and upgrades will be made based on giving the user the best experience possible, not necessarily the latest-and-greatest in blockchain technology, and they believe that the price of their token, LBRY Credit (LBC), will reflect this.
Jeremy also discusses what he sees as the future of the entertainment and media consumption industries over the next 3-5 years, and how shifts in those industries will be good for creators.
For more information, visit www.lbry.io.