DeeStream is the leading decentralized online streaming platform. It utilizes blockchain technology to provide improved security and decentralized governance. Its user base is increasing rapidly. It charges substantially lower fees compared to traditional streaming platforms. Streamers can withdraw their funds instantly, and this feature is lucrative for many users.
With streamers, investors also are rushing to grab their slot in stage 2 of the DeeStream presale. Many Solana and Ripple investors have shifted their money into the DeeStream, seeing the market correction.
Solana interoperability layer Zeus raises token at $100 million valuation
Zeus Network is like a bridge between Solana and other blockchains such as Bitcoin, Litecoin, and Dogecoin. Its main job is to make it easier for Solana to connect to these other blockchains. Right now, it’s mainly focusing on Bitcoin. They made an app called Apollo, helping people use Bitcoin on Solana. It lets Bitcoin owners use Solana’s decentralized apps.
In recent news, Zeus Network got $8 million in funding. This money came from a group led by Mechanism Capital. It was seed funding; Justin Wang, the CEO of Zeus Network, explained that this funding round happened through Simple Agreement for Future Tokens (SAFT). The fundraising started in September and finished last month.
Wang mentioned that during this time, the funding happened in parts at different values, ranging from $30 million to $100 million. The biggest chunk of money comes between $70 million and $100 million.
Ripple withdraws a substantial sum from escrow
Recently, Ripple took out a large amount of money from its escrow accounts. A report from Whale Alert stated that the company released 500 million XRP earlier this week. It is something Ripple does every first day of the month. That’s a part of an agreement to release some of its XRP reserves.
Ripple currently has about 39.6 million XRP in its accounts, much less than what became available today. The value of 500 million XRP is estimated to be around $307.15 million. Usually, Ripple releases one billion XRP, but only half of that was made available this time. People are speculating about why there’s been this change.
Rapid user base increases of DeeStream
You can say it is because of the decentralization or the lower fees or other benefits of many DeeStream possesses that is attracting more and more streamers and users to the platform. In a week itself, over 17,800 users joined the platform. DeeStream is shaking up how we stream videos by introducing a decentralized platform. It’s like YouTube and Twitch, but with a twist – it uses blockchain tech to offer even more features. With the streaming industry expected to hit $247 billion by 2027, DeeStream is making its way into the top names.
Currently, it is in its second stage of presale and offers a favorable price of $0.06. Interested investors are taking their slots in the DeeStream presale. With four more stages remaining, it’s still an early opportunity to invest in DeeStream. The platform promises a thriving ecosystem where streamers and fans are motivated to contribute to its growth.
Find out more about the DeeStream presale by visiting the website here.
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