Like the title of this quick-start guide implies, you will learn everything you need to know about how to connect a video streaming service to Web3 right here. Before we’re moving forward, let’s take a look at the basics of Web3. This new, decentralized iteration of the previous web versions runs on blockchain technology – which is more secure for users. In other words, it’s an idealized version of the web that was built with the user in mind. This is a summary of the guide, if you would like to get all the insights, scroll down to download them!
The main differences that occur in Web3
What does the new web version have that the ‘old’ one doesn’t have? We’ll elaborate more:
- Entering Web3, privacy is most important. You will know exactly what’s happening with your personal data and no one has access to it
- More about data: it’s stored in your crypto wallet and isn’t owned by 3rd party companies, like when you’re using platforms like Facebook, Youtube etc.
- Your wallet is basically your personal identity, but it’s not your real-life identity. Other people can be able to see what’s happening in your wallet in terms of activities, but they won’t know it’s yours
Non-supervised communication between users is a huge transformation between Web2 and Web3 – it’s an user centric environment that’s not controlled by anyone and therefore you can speak freely with whoever you want.
Challenges of livestreaming in the Metaverse
If you’re entering the Metaverse as a company, you need to create a space around the experience – it’s not just about the broadcast itself. For example if the concept is to create a room with a big screen (or any other surface for that matter) where you’re broadcasting – all traffic passing by can join inside this space. You as a brand need to build the environment, you can play with gamification to make connections. The Metaverse is all about interaction and collaboration – as a company you have no control of how users will respond. The interaction is one of the biggest improvements in Web3. Bear in mind that it’s not only a technical challenge for a company, but also a branding and marketing challenge.
Are we ready for the required network? We need more of everything in the Metaverse. You need a minimum of 1 Gbps (1000 Mbps) for both upstream and downstream traffic. If you are only using the Metaverse to view content, you may be able to get away with less bandwidth. However, if you plan to interact with other users or live stream high-quality video, you will need a higher bandwidth connection.
Your email address and password will not be the only information Metaverse stores. It will also record your behavior. As a result of a huge data mine, the technology must ensure the privacy and security of each user’s personal data. Security strategies will need to be revised.
Another challenge is the lack of interoperability between platforms. If you’re livestreaming on Decentraland for example, you can only use the software on that platform and so on.
Interested in more insights, download the full guide below!