What is Script Network (SCPT)?
Script Network is a layer 1 open-source live tv platform, protocol, and storage network. One of our core products, Script TV, is the first watch-to-earn live tv platform, built to reward users whilst they watch, provide video dStorage and redefine video advertisement for the crypto industry. Users can earn more rewards and enhance their experience through unique GameFi elements on and off chain.
What is Script Network (SCPT) roadmap?
What makes Script Network (SCPT) unique?
Here are the highlights:
- Watch-to-earn with online TV - watch TV online and get paid rewards per block
- Redefining crypto advertising (allowing crypto/NFT projects to easily promote via the platform)
- Gamified Reward Structure - earn rewards through upgrading and boosting your
- Glasses - connected to your watch activity to yield more tokens and benefits
- Decentralised video storage solution - lowering costs by over 80% for Web2 companies
- 3 Core revenue streams - video on platform advertising, marketplace and
- Decentralised storage (Enterprise)
- Built on its own blockchain - for scale, sustainability of the protocol and security
Script Network (SCPT) revenue streams
In short:
- Video Advertising (we earn approx $0.60 MRR per user)
- Marketplace trading (5% fee)
- L1 tx fees
- Video delivery network (Enterprise customers paying a monthly fee)
- Premium TV channels
- White label decentralized TV platform development for studios
- Custom Partner Channels
- Custom Advertising
Ad Revenue: Non skippable ads run on every channel for 30-45s periodically. We have the ad fill, and protocol in place generating revenue daily. Currently running at a CPM of $9, with expectation of CPM to be at over $30 (average) once we have connected TV applications in Q1 2024. We also plan to sell specific ad slots to long term clients or special events in 2024.
Script Marketplace: All users must essentially own a mandatory NFT to participate in earnings on Script TV. Since these NFTs are upgradeable and tradeable, some users will want to mint, level the glasses, and then sell one that is high level or buy one that is already a high level. Trading of these is only available on our marketplace, where the marketplace carries a 5% fee. Beyond this, fees of ScriptGLASS sales which will be paid in SPAY, BNB or ETH.
dStorage: Our enterprise stream. Hundreds of millions of dollars is wasted annually through companies storing their company content on AWS or similar services. We cut down the costs by over 85% through our decentralized storage protocol where we can transcode, transfer and store content through our node network. This will incur a fee, paid to us from the respective company or individual.
Original Content: Once we scale, we will start to develop our own series of short and long form content, which we can not only self distribute, but also market and distribute to traditional television, studios and cinema.
L1 Fees: As the ecosystem grows, there will be further usage on Script blockchain which will require the usage and purchasing of SPAY - the payment / gas token for the network.
Branded / Web3 Live Channels: Studios, gaming companies and independent content owners can have for the first time, their own fully functioning 24/7 channel - with the ability to integrate NFT drops, gated content and cross platform rewards.
How does Script Network (SCPT) work?
Script Network is a layer one video protocol with its own ecosystem. This is where the value ultimately comes in. Here are our main products:
- Script TV: Our user first, watch 2 earn product that allows users to earn rewards on and off chain through upgrading their ScriptGlasses (NFTs)
- Script Marketplace: The only place (for now), to buy, sell and trade ScriptGlasses. An essential item needed to take part in the watch to earn economy in Script TV.
- Script Enterprise: For companies who are looking to save 70%+ on their storage, transfer and transcoding fees that they are paying in web2.
- Script Blockchain: An ecosystem that will offer grants, and non-financial rewards to filmmakers, studios and content first companies to build dApps and other video based products on chain.
- sAds: Script Advertising layer allows crypto / blockchain companies for the first time ever, to have an outlet as to where they can video advertise, fully payable in tokens. No need for credit card details. Ads run as a layer on our Script TV platform every 10-15mins, 24/7/365 a year.
What is Script Network (SCPT) marketing strategy?
Beyond this we aim to:
- Competitions, contests in and out of our community: Running this weekly running up to our launch, and post launch
- Partnerships: Co-marketing and community merging through beneficial competitions as such
- Early incentives: Launch of testnet (early November), coupled with benefits of joining and being a part of Script Network early on (airdrops etc)
What technologies Script Network (SCPT) created and used?
- Our video advertising player is an industry first = no other platform allows you to buy ads on chain with no need to interact with credit cards / sign up forms
- Our multi streaming consensus layer allows for the first time ever - for you to not only have governance over decisions in the ecosystem (like most projects), but decision making power on content being aired = the first content company working towards true decentralization, rather than just using a small % of blockchain technology.
- Content interaction layer: Filmmakers / content owners (beyond getting a tonne of benefits such as faster pay, more distribution and actual data on viewership) - can launch NFTs or bespoke competitions over the top of their film, and have users interact with it at the time. In simple terms, if i have my film aired on Script TV between 3-5pm, i can launch a NFT spontaneously which gives an opportunity to viewers who are watching the film at that time only, to buy / mint for free / get a reward. No other company, let alone film company, has explored this type of discovery process of NFTs to date.
Beyond all of this though, what makes us hard to copy / fork, is that we have license deals with these content companies / filmmakers, meaning it is (literally) illegal to fork the product, beyond all of the other defensible systems we have in place. This is where Watch to earn has an advantage over Play to earn or move to earn, as it’s much much harder to copy, and easier to adopt.