DLive, a blockchain-based video-streaming platform, has witnessed a 67 percent increase in its user base after the world’s most popular YouTuber by the number of subscribers, PewDiePie, became part of the platform in April.
According to a Nikkei Asian Review report published May 20, DLive currently has over 5 million active users and more than 70,000 streamers. The platform purportedly had roughly 3 million active users per month and almost 35,000 active streamers as of March.
Felix Kjellberg, a 29-year old YouTube content creator based in Sweden and goes by the name PewDiePie, inked an “exclusive” live streaming deal with DLive last month. PewDiePie’s YouTube channel has more than 95 million subscribers at the time of writing, with his most recent published video having almost 3 million views in less than a day.
Created using the Lino Network blockchain, DLive is a decentralized platform that enables rewards on both content creators and viewers through its native token, “Lino points.” The platform does not implement fees on creators and takes no percentage of earnings. However, a minimum fee is incurred when exchanging tokens for fiat via the platform.
Lino Network co-founder Wilson Neil said:
“I think the lack of transparency and the huge cut that platforms take from content creators, are the two biggest problems the online streaming industry has. And blockchain is the perfect technology to solve both problems.”
DLive is purportedly going after its rival, the Amazon-owned live streaming video platform Twitch, which, at present, has 2.2 million daily broadcasters and an average of 15 million viewers daily.
Lino secured $20 million in February last year to create a “YouTube on the blockchain” in a private token sale led by ZhenFund. Wei asserted at the time that he anticipates content creators to have a three-to-five-times increase in the profits they make on YouTube or Twitch.