How Replay and Theta’s blockchain technology can disrupt the video streaming market

cryptoslatePubblicato 2022-03-18Pubblicato ultima volta 2022-03-18

Introduzione

Announced on February 10 this year, Replay, a blockchain-based video tracking and payments platform for content owners powering the web3 content economy.

Announced on February 10 this year, Replay, a blockchain-based video tracking and payments platform for content owners powering the web3 content economy, emerged from stealth with backing from Theta Labs, to launch the industry’s first blockchain-powered video tracking and payments platform.

For content creators, the back-end of video streaming is often opaque, including how revenue is shared; how long it takes for creators to receive compensation; exactly how successful a piece of content has been.

Replay’s protocol benefits content creators and owners by offering transparency and control over their content with visibility into content performance, allegedly helping provide liquidity and secure real-time payments as content is being consumed. All content viewership is recorded and powered by smart contracts on a decentralized, distributed ledger on the Theta  (THETA) network.

Theta’s blockchain video infrastructure allows viewers to earn RPLAY

According to Replay, the protocol also benefits the content distributors such as YouTube and Vimeo. Regardless of the business model; whether platforms sell subscriptions (SVOD), run ads (AVOD), or provide rentals or PPV (TVOD), Replay lets businesses operate using a predictable model that allows operators to streamline their tasks and compensate content providers in real-time, eliminating the need for manual record-keeping and compensation.

On the technology side, Replay wraps any digital-ready streams with its proprietary tech to track video assets on the blockchain across distribution endpoints. This is combined with Theta’s blockchain video infrastructure that allows viewers to earn RPLAY tokens, a TNT-20 token built on Theta, for sharing video streams to their nearby peers. TNT-20 is the Theta equivalent to Ethereum’s ERC-20 fungible token standard.

John Lemp, the founder of the OTT (Over The Top) aggregator NextFund with over 2.5 million subscribers, owns a network of Roku apps has partnered with Replay to integrate their protocol.

“Content creators need a revolution to take control back from the platforms that effectively own their livelihood. The blockchain enables radical transparency, and that transparency will level the playing field for content providers to take back control. I believe the Replay protocol can be the backbone of that revolution,” Lemp says.

Using the Theta Video API as the underlying infrastructure

Additionally, Replay Now, a cross-platform OTT streaming service that uses Replay technology for tracking and payment, and the Theta Network for video distribution, will reward consumers with RPLAY for subscribing and watching content. By using the Theta Video API as the underlying infrastructure for video delivery, Replay Now’s users can share video streams peer-to-peer to earn while they consume content.

Replay is led by a founding team with deep experience in the video space, across OTT video platforms, digital advertising, and video distribution. Replay co-founder and CEO Krish Arvapally co-founded and worked as CTO at Mojiva and MoceanMobile before co-founding OTT video platform Unreel which was later acquired by Powr. tv (now Bitcentral).

Arvapally is joined by Lead Blockchain Engineer Maduri Arvapally, who served as Lead Engineer at NscreenTV, Senior Engineer at GoPro, and holds four patents for building video indexing platforms using social data.

“Replay is going to remove monetization friction for content creators of all kinds,” said Krish Arvapally. “We’re incredibly excited to launch this innovation in partnership with Theta Labs, who has been a clear visionary in this space. By delivering unparalleled transparency into viewership and performance, we’re excited to reward both the end-users and creators powering the content economy.”

NFT solution allowing content owners a share in the success

Replay’s platform will offer decentralized video delivery with video tracking and payments using the RPLAY TNT-20 token. Further innovations will include an NFT solution allowing content owners a share in the success of their asset with an instant pay-per-use model using ThetaPass NFT authentication, as well as a DAO (decentralized autonomous organization) which will enable communities and fans to control and participate in the development of their favorite content by directly purchasing licensing rights.

“We’re thrilled to back Replay as they launch a transformative product in the video space using Theta technology,” said Mitch Liu, CEO of Theta Labs. “This is exactly the kind of project we envisioned when we set the vision for the Theta ecosystem – deep innovation in the video and entertainment space, launched by experienced technologists and entrepreneurs and utilizing Theta Video API infrastructure, peer-to-peer video streaming, and ThetaPass NFTs to offer content creators and end-users a more fair share of revenues.”

Theta Networks’ infrastructure enables existing video platforms to drive incremental revenues and reduce content delivery CDN costs while end-users are rewarded for sharing their bandwidth to relay video on any PC, mobile, Smart TV, or IoT device.

Theta’s enterprise validator and governance council are led by global leaders including Google, Samsung, Sony, Creative Artists Agency (CAA), Binance, Blockchain Ventures, DHVC, and Gumi.

Letture associate

Fei-Fei Li's Team Clarifies the Concept of 'World Models', Sora Merely a Renderer

"World Models" has become a widely used yet confusing term in AI. To address this, a team led by Fei-Fei Li and World Labs proposed a functional taxonomy based on the Partially Observable Markov Decision Process framework. This taxonomy categorizes systems called "world models" into three distinct projections: Renderers, Simulators, and Planners. Renderers, like OpenAI's Sora and other video generation models, focus on producing photorealistic visual outputs for human perception. They prioritize visual fidelity over physical accuracy. Simulators, such as NVIDIA Omniverse, aim to compute precise future environmental states for computational tasks like engineering analysis or digital twins. Planners, like Vision-Language-Action models, take in observations and goals to output executable actions for robots or agents. The article clarifies that most current "world models," including Sora, are primarily Renderers. They generate convincing visuals but lack the core ability to simulate state transitions based on actions, a key requirement for a true world model in classic reinforcement learning definitions. This conceptual confusion has practical implications, leading to potential misalignment in technology selection, investment, and public understanding of AI capabilities. Clear categorization is crucial. It helps enterprises avoid costly mistakes (e.g., using a renderer for robot training), allows investors to accurately assess markets, and enables researchers to build comparable benchmarks. While future systems may integrate these functions, recognizing current boundaries is essential for honest assessment and progress.

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Fei-Fei Li's Team Clarifies the Concept of 'World Models', Sora Merely a Renderer

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Bloomberg Uncovered: How Do China's Wealthy Circumvent the Annual $50,000 Limit to Transfer Assets?

**Summary: How Wealthy Chinese Circumvent $50,000 Annual Foreign Exchange Limits** Despite China's strict capital controls, including an annual $50,000 per person foreign exchange quota, an estimated $150 billion in funds still leaves the country annually via various gray and underground channels. This report outlines the evolution of China's "capital wall" and the methods used to bypass it. **The Evolving Capital Controls:** * **Foundation (1994):** The system of "current account convertibility with strict capital account controls" was established. * **Quota Set (2007):** The $50,000 individual annual forex purchase limit was formalized. * **Crackdown Begins (2015-2017):** Following market volatility, enforcement tightened. Banks were required to scrutinize transactions, and channels like using UnionPay cards for Hong Kong insurance premiums or buying overseas property were blocked. * **Digital & Legal Upgrades (2024-2026):** Enhanced algorithms now flag suspicious patterns (e.g., "smurfing"). The Common Reporting Standard (CRS) provides Chinese tax authorities with data on citizens' offshore accounts. Unlicensed cross-border brokers have been targeted. **Five Primary Methods for Moving Capital:** 1. **Underground Banking / "Hawala" (Duiqiao):** The largest-scale method. No money crosses borders. Clients pay RMB to a domestic account; an overseas associate deposits equivalent foreign currency into the client's offshore account. Risks include high fees, account freezes, and legal penalties. 2. **"Smurfing" or "Ant Moving":** Using multiple individuals' $50,000 quotas to pool funds for one offshore recipient. Increasingly detected by anti-money laundering algorithms. 3. **Trade Invoice Manipulation:** Businesses over-invoice imports or under-invoice exports via offshore shell companies, creating a pretext to transfer excess funds abroad under the guise of trade. 4. **Channel Migration:** After a crackdown on internet brokers, funds flow toward more compliant but costly channels like major banks' cross-border wealth management services or Qualified Domestic Institutional Investor (QDII) quotas. 5. **Structural Arrangements:** High-net-worth individuals use complex, high-cost legal structures involving offshore trusts, insurance, and investment migration programs to transfer asset ownership. **Regulatory Response: Focusing on People, Not Just Money** The current strategy extends oversight from enterprises to **individual residents**. Tools like CRS allow retroactive visibility into offshore assets. Cryptocurrencies, once seen as a potential loophole, are now actively monitored and prosecuted as an illegal channel. The underlying driver remains: with significant wealth concentrated among millions of affluent households seeking diversification amid domestic economic shifts, the incentive to move assets offshore persists despite regulatory barriers.

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Bloomberg Uncovered: How Do China's Wealthy Circumvent the Annual $50,000 Limit to Transfer Assets?

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