Decentralized platforms will not necessarily replace YouTube

The YouTube cryptocurrency content restrictions were problematic for the industry and They stimulate the demand for decentralized alternatives.

However after Wes Levitt, Chief Strategy Officer at Theta Labs – the company behind it – – Both YouTube and decentralized platforms can coexist.

YouTube is increasingly censoring crypto-related content. In April, Jason Appleton, known as Crypto crowwas briefly censored by YouTube. In May the Bitcoin halves livestream de Cointelegraph was abruptly canceled.

Decentralized platforms will not necessarily replace YouTube
Decentralized platforms will not necessarily replace YouTube

Levitt told Cointelegraph: “We definitely see this content censorship as a problem, and lately As a result, we have received several crypto streamers on the platform. A completely decentralized platform becomes inevitable as more and more streamers are banned from YouTube and other major platforms. “

At the same time, Levitt does not believe that YouTube will be completely replaced by decentralized alternatives:

“I don’t think a fully decentralized platform will inevitably replace YouTube. Some types of content may still work better for a centralized platform. However, a decentralized alternative can coexist with YouTube to give streamers and viewers more freedom to choose their platforms online content. “

Theta leads, a streaming service related to crypto broadcasts sports, poker tournaments and major conferences via blockchain technology and cryptocurrencieslike Consensus and Crypto Asia Summit. Google Cloud, Binance, Blockchain Ventures and gumi Cryptos have recently been announced as Enterprise Validators for the Theta network.

Theta and the Japanese content market

Last month, Theta announced a strategic alliance with “gumi Cryptos” to enter the Japanese $ 3 billion content market. Levitt announced that his goal is to whitelist the company’s THETA and TFUEL tokens with the Financial Services Agency.

In Japan, Only tokens that are whitelisted and approved by the FSA can be traded on crypto exchanges. Only 26 tokens are currently included in Japan’s whitelist.

Levitt said that they “want to launch integrations with video streaming platforms in Japan so that users in that country can receive TFUEL token rewards for viewing and sharing their favorite video content.”

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