Sheesha Finance Partnership: ritestream
What Is ritestream?
Say goodbye to an outdated content licensing industry that is controlled and restricted by companies. Companies often utilize an overly complex distribution system that favours insiders and middlemen, leaving little for the content creators.
Say hello to film and television NFTs. Ritestream is introducing its revolutionary platform which enables the democratization of the creator economy.
Ritestream follows a monetization model where an open blockchain is the theatre and NFTs are the tickets.
Traditionally, television and movie content has suffered from restricted access, which was only available to certain licensed controllers, territories, networks, or streaming platforms. With ritestream, content creators can turn their creations into NFTs and have full control and ownership over them.
NFT owners can choose to sell NFTs globally in a way that allows owners to benefit from future revenues generated by the NFT through sales, therefore, democratizing the content.
By decentralizing the NFT market for films and TV, ritestream will drive efficiency and cost savings for broadcasters, TV and film distributors, production companies and the entire film and television industry.
There are over 288 streaming service subscriptions in the US alone. Ritestream taps into an existing network of streaming platforms that reaches over 100 million viewers worldwide. NFTs that are created on the ritestream platform gain immediate access to this network and can be readily monetised.
A Word from Their CEO
“Decentralized NFT marketplaces have caused a revolution in industries such as art, gaming, Metaverses and others. I am excited to be working with ritestream and being a part of their vision to empower creators and content streamers. Bringing this disruptive and open technology to film and television opens up an industry that has traditionally been quite restricted and allows content creators to take full control of their work which is a concept that they fully support.” — Sheesha Finance CEO, Saeed Al Darmaki
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