Metale Protocol Community Call №57: Minutes
This article encompasses comprehensive details, answers to community questions, and significant highlights from our recent AMA session. Join our vibrant community on Discord and Telegram to stay tuned about the latest news and ongoing events!
Date: May 8, 2024
Venue: Twitter Space
Moderator: Petya (Head of Growth) & Lois (CMO)
Agenda:
- Introduction.
- Deep dive into Metale Protocol Fundraising Announcement.
- Open floor for Q&A session.
Metale Protocol Completes Total $4 Million Seed Funding Round
At the beginning of the AMA, the discussion centered around this significant milestone announced last week, along with the unveiling of insights into one of the potential use cases of the new investment.
Utilizing secured funds to invest in content projects? YES!
The raised investment will also fuel crowdfunding mechanisms, set to debut on Metale platform soon. This feature will empower content creators, particularly short drama production teams, to initiate public crowdfunding rounds, soliciting support from both the community and Metale Protocol content creation fund. This funding will facilitate the production of their latest hot short dramas, which will subsequently be published on the blockchain. This opens up numerous transparent and fair profit-sharing opportunities, including monetization. Moreover, it leverages the most powerful marketing tool: word-of-mouth distribution through decentralized distribution nodes — owners of copyright governance NFTs.
Q&A session
Presented below are questions raised by active community members and speakers during the AMA, accompanied by brief yet informative answers capturing the essence of each query.
1. What is Metale Protocol?
Metale Protocol is dedicated to constructing a decentralized content distribution ecosystem. Utilizing blockchain technology, it aims to establish decentralized protocols for content storage and rights. The platform will soon offer decentralized services including paid playback, crowdfunding governance, traffic acquisition, data analytics, and customizable smart contracts tailored for individual content. By doing so, Metale Protocol seeks to emancipate content creators from the constraints imposed by centralized distribution platforms, granting them greater autonomy and maximizing their interests.
2. What is Metale Protocol’s role in the ContentFi ecosystem?
Metale Protocol serves as a fundamental element within the ContentFi ecosystem, striving to forge a Web3 environment centered on paid copyrights. It provides users with a secure, transparent, and efficient platform for trading literature, images, audiovisual works, and other content on the blockchain, thereby guaranteeing the authenticity and traceability of copyrights.
3. How does Metale Protocol differ from GameFi in terms of imagination and scale advantage?
In contrast to GameFi, Metale Protocol places greater emphasis on content creation and the safeguarding of Intellectual Property (IP), while also facilitating the conversion of such content into tradable digital assets (RWA tokenization, where assets are copyrights). Its scope extends across a broader spectrum, encompassing fields such as literature, images, and audiovisual works, all of which carry intrinsic asset attributes in their copyrights. This broader scope offers a more expansive developmental landscape for the entire ecosystem. Its scale is larger as it covers a wider range of fields such as literature, images, and audiovisual works, whose copyrights possess inherent asset attributes, providing a broader development space for the entire ecosystem.
4. How does Metale Protocol encourage participation from authors and creators?
The open and permissionless upload feature on Metale Protocol enables individuals to upload their work and transform it into tradable NFTs. This model incentivizes more authors and creators to engage with the ecosystem, enhancing the platform’s content diversity and overall value.
5. How does Metale Protocol handle the issuance, trading, and secondary creation of NFTs?
Metale Protocol completes the issuance and trading of copyright governance NFTs on-chain, ensuring the permanence and transparency of copyrights. Additionally, secondary creation will also take place on-chain, where the community will establish a consensus mechanism to uphold creators’ rights and verify the legitimacy of works.
6. What are the four applications in the Metale Protocol ecosystem?
The four applications in the Metale Protocol ecosystem include on-chain storage, decentralized AI creative platform, will soon also implement Read2N and a platform for content/traffic docking settled based on CPS (Cost Per Sale). These applications provide comprehensive support for users in storage, reading, distribution, and creation, building a complete decentralized content ecosystem.
7. In Chari’s recent interview, a concept of “internet intermediation” was mentioned. What is the phenomenon of “internet intermediation”?
As of May 8, the article titled “Touching content can penetrate everything and reach the future of Mass Adoption” (original: 打动人心的内容，可以穿透一切，抵达Mass Adoption的未来), featuring an interview with Metale Protocol Founder/CEO, Chari, is currently exclusively available in Chinese on Odaily. An English version of the article will be released soon.
“Internet intermediation” refers to the gradual transition of the current network environment from a permissionless state to a permissioned state. Authors and startups must obtain permission from centralized gatekeepers and existing companies to release and add new products.
We eagerly anticipate the publication of the English version of this interview and extend an invitation to everyone to delve into the insights of an exceptionally remarkable individual, our Leader, poised to revolutionize the content world by focusing on what we should do, not what we can do.
8. What are the key differences between centralized and decentralized content platforms?
The primary distinction between centralized and decentralized content platforms hinges on the presence of content review mechanisms. Centralized platforms employ centralized arbiters to review content, whereas decentralized platforms lack a central authority to oversee or regulate data, granting users full control and ownership.
9. What is the core concept of Web3 as the next generation of decentralized networks?
The fundamental principle of Web3 is to empower users with complete control and ownership. Unlike Web2, which relies on central institutions or authorities for data management and regulation, Web3 operates through distributed nodes on the network. This decentralized approach ensures the protection of fundamental human rights, including freedom of speech, privacy, and the free flow of information.
10. Why does the commercialized content consumption sector need decentralized infrastructure?
The commercialized consumption content sector requires decentralized infrastructure due to the limitations of existing centralized content communities in meeting the needs of creators and consumers. Despite the willingness of many individuals to create and pay to watch content, centralized platforms frequently struggle to adequately support the distribution and monetization of such content. Consequently, creators often find themselves unable to generate revenue from their work.
11. What are the advantages of short dramas as a new content format?
Short dramas offer notable advantages such as robust dissemination and monetization potential, along with low production costs and entry barriers. It is expected that they will emerge as the favored option for individuals or small groups to produce content following literature, thereby creating additional opportunities and income sources for creators.
12. How does blockchain automate the center, and how is it different from traditional technology automating peripheral work?
Blockchain shifts power from centralized entities to individuals in a decentralized manner. Conversely, traditional technology often automates tasks performed by peripheral workers, yet these workers still depend on centralized platforms or institutions for decision-making and control.
13. What are the main differences between decentralized and centralized networks?
The main differences between decentralized and centralized networks lie in power distribution and negotiation rights for income. Decentralized networks grant individuals greater power and control, allowing creators to directly engage with users and exert more negotiating influence over their income.
14. What is the role of decentralized infrastructure protocols?
Decentralized infrastructure protocols assist creators in storing and managing content while confirming the rights holders of content. They provide an objective platform for creators to autonomously manage and control their works more effectively.
15. How does the layered handling of data and applications affect creators?
The layered handling of data and applications reduces conversion thresholds and costs, allowing creators to easily choose tools and applications that suit their needs. They have the flexibility to switch algorithms, transaction protocols, or data tracking applications as needed to align with their preferences.
16. How does a decentralized network incentivize creators to create content that consumers like?
In a decentralized network, a larger portion of viewing revenue is directed towards creators rather than network intermediaries, incentivizing them to produce content that resonates with consumers. This enables creators to fully realize the value of their creations, thereby fostering greater motivation and providing resources to produce high-quality content.
17. Who are the three core groups in the Metale Protocol ecosystem?
The three core groups in the Metale ecosystem include:
✔️ Creators
✔️ Business people: investors, distributors, speculators, KOLs, etc.
✔️ Consumers
18. How does Metale’s ecosystem handle the layered processing of underlying protocols and applications?
Metale’s ecosystem manages the layered processing of underlying protocols and applications, ensuring that content data remains independent of specific applications. This modular processing approach offers services for various new application scenarios without requiring application permission, thereby reducing friction costs and enhancing cooperation efficiency.
19. How does Metale Protocol ensure the rights of creators, investors, distributors, and consumers?
Metale Protocol safeguards the rights of creators, investors, distributors, and consumers through decentralized mechanisms. Creators enjoy genuine creative freedom, while investors have the freedom to trade openly.
⚠️ After question 19, the AMA was interrupted due to technical issues. However, recognizing the importance of remaining queries from the community, we provide the answers next.
20. What impact does generative AI have on short-form content?
Generative AI technology will bring about a boom in short-form content. With the maturity of AI-generated video technology, short-form content will usher in a new era of development. The Metale Protocol ecosystem provides tools such as auxiliary novel creation and soon the AIGC engine for generating animated series, aiding in the rapid development of content creation.
21. How does the Metale ecosystem disrupt the traditional film and television industry’s channel monopolies and copyright restrictions?
The Metale Protocol ecosystem breaks the channel monopolies and copyright restrictions of the traditional film and television industry through decentralized mechanisms for investment, distribution, and dissemination. Investors, distributors, and community leaders can collectively lead the investment, distribution, and dissemination of content, accurately presenting content that different consumers like.
22. What sets Metale Protocol apart as a decentralized content distribution platform compared to traditional centralized platforms?
The biggest difference between Metale Protocol and traditional centralized platforms lies in its decentralized design, which gives content creators complete autonomy and maximum benefits. In contrast, traditional centralized platforms often censor content and charge high fees, restricting the freedom and interests of creators.
23. How does Metale Protocol provide funding and monetization opportunities for scriptwriting teams through the issuance and trading of copyright NFTs?
Metale Protocol will soon enable scriptwriting teams to receive funding and monetization opportunities through the issuance and trading of copyright NFTs. Investors who purchase governance NFTs can receive real-time income splits from smart contracts, ensuring transparent, publicly traceable, and efficient distribution of copyright value.
24. What is the role of distributors in the Metale Protocol ecosystem?
In the Metale Protocol ecosystem, distributors, especially community leaders in various language regions, can freely select content for distribution and showcase it on their social media platforms. When users pay to watch content based on their recommendations, distributors can instantly receive commission income. Monetization tools will be added soon.
25. How does Metale Protocol protect the creative achievements of creators through the issuance and trading of NFTs?
Through the issuance and trading of NFTs, Metale Protocol effectively gauges the value of content copyrights, safeguarding the creative achievements of creators and ensuring commensurate economic returns. This value protection encourages creators to produce more high-quality content, improving the overall quality and value of the content ecosystem.
26. How does Metale Protocol attract content creators from other fields to join its ecosystem?
Metale Protocol attracts content creators from other fields to join its ecosystem by building an architecture that focuses on participants rather than the platform and by providing rich services and benefits. After establishing a certain content thickness, user base, and platform influence, Metale Protocol believes it will become the first choice for all content creators in the world.
27. How does Metale Protocol achieve freedom of capital flow and content circulation?
Metale Protocol achieves freedom of capital flow and content circulation through blockchain technology. By removing the monopoly and restrictions of intermediary platforms, content creators and consumers can freely engage in content creation and consumption.
28. What are the development prospects of Metale Protocol?
Metale Protocol has completed a Seed Round extension financing, attracting investment from multiple seasoned entrepreneurs and VC. With the continuous improvement and development of its ecosystem, as well as its innovation and optimization of the content industry, Metale Protocol is expected to become a leading platform in the content industry, leading the trend of industry development.
29. How does Metale Protocol help content creators achieve broader influence and value?
Metale Protocol helps content creators achieve broader influence and value by providing various services and tools, such as the decentralized issuance and trading platform of copyright NFTs, commission-based distribution and soon paid playback applications. Creators can gain more audience and income through the Metale Protocol ecosystem, thereby maximizing the value of their creations.
30. What is the scale of the Seed Round financing completed by Metale Protocol?
Metale Protocol recently announced the completion of a $2 million Seed Round extension financing, bringing its total seed round financing to $4 million.
31. Which investors led the extension of the Seed Round financing of Metale Protocol?
The seed round financing was led by Aipollo Capital, Waterdrip Capital, and Ultiverse DAO, with participation from multiple seasoned entrepreneurs.
Read more: https://www.metale.world/news/5
32. What areas will the financing funds of Metale Protocol be also used for?
The financing funds of Metale Protocol will be mainly used for the development and improvement of the ecosystem. Specifically, these funds will be used for technological research and development, platform function optimization, user experience improvement, market promotion, and expansion of the ecosystem’s scale and influence. Through these investments, Metale Protocol will further strengthen its position in the content industry, enhancing the platform’s competitiveness and user value.
About Metale Protocol
A new-era global content distribution protocol that provides on-chain services for content subscription, transparent profit-sharing, and asset transactions.
