Woodbridge, VA – Protostarr—a technology startup is raising Ethereum in their Initial Coin Offering (ICO) for the development of their web platform and decentralized application (DApp) which allows fans and investors to fund rising Youtubers and Twitch Casters in return for a share of channel revenue.
“YouTubers are today’s celebrities, and they’re making celebrity money from producing great video content,” said Joshua Gilson, CEO of Protostarr. “More are waiting to be discovered, and funding from fans and investors could help them reach the critical mass needed to earn significant income. Protostarr allows everyone involved to benefit when a creator turns celebrity.”
To accelerate the success of YouTubers and Twitch Casters, Protostarr would serve as a platform for content creators (or Starrs™) to seek funding to produce better and more content. Fans and investors who give to their favorite creators through Protostarr would see a return on investment when the Starr begins earning channel revenue.
“We’re changing the model from donations to investment,” said Gilson, speaking on how content creators currently seek funding. “Protostarr gives fans the ability to see a real payoff for their loyalty, while investors looking for new, exciting opportunities could see payouts better than traditional investment avenues.”
As an Ethereum-based DApp, Protostarr’s underlying functionality is driven by smart contracts. The channel revenue that Starrs share with fans and investors is automatically distributed to investors based on agreements written into a smart contract using the Protostarr site. The number of periods a Starr agrees to pay fans and investors are negotiable.
According to Forbes, 10 YouTubers earned a combined $70.5 million in a twelve month period between 2015 and 2016. “According to estimates online, a single video on Youtube with 10 million views can earn $76,000. Consecutive successes could be life changing for an up an coming Starr. Protostarr could be the funding resource that empowers the next batch of successful YouTubers.” Individuals interested in Protostarr are encouraged to read the whitepaper on their website.
Prostarr is a Virginia-based technology startup and Ethereum-based decentralized application that allows Youtubers and Twitch Casters to receive funding from fans and investors in return for channel earnings.