Rad Integrates BSV Blockchain and HandCash for Next-Gen Streaming Experience
Rad, a pioneering video streaming platform for Web 3, has secured significant funding in a follow-on round led by Ayre Ventures. Excitingly, Rad has now integrated BSV Blockchain into its system for transactional video on demand (TVOD) and unique NFT video editions. Additionally, the platform has partnered with HandCash, a popular mobile and web wallet service, allowing users to stream money for content creation and purchases directly. With these integrations, Rad enables seamless content creation and purchasing without browser plugins while facilitating various payment methods.
Rad CEO Tony Mugavero said in a statement:
“Rad is excited to expand its integration of blockchain technologies with real use cases, and do so in a way that creators and viewers don’t have to think about. Who published the content, who purchased it, and who gets paid, should all be transparent and instant as well as verifiable by all parties involved. It reduces legal and accounting overhead and provides an extra layer of trust that hasn’t existed in the black boxes of streaming companies.”
Rad is transforming the digital streaming world by empowering creators and connecting them directly with their audiences. Using cutting-edge tech, Rad ensures immediate payouts, allowing fans to engage and support artists. It’s a new era where fans actively participate rather than consume content. Positioned at the forefront of streaming, Rad offers subscriptions, on-demand purchases, and ownership through blockchain and NFTs. Accessible on various devices like PlayStation 5, Oculus Quest, and more, Rad delivers top-notch entertainment experiences from renowned creators. Moreover, Rad is changing how content is distributed today by partnering with industry leaders like Google, Sony, and Disney.
With this new product release and investment, Rad offers a unique opportunity for creators and studios to release content on major streaming devices quickly. Creators can upload videos, set pricing, and define revenue shares and royalties for multiple recipients. This ensures immediate and transparent payments for actors, musicians, agents, and more. Furthermore, this launch sets the stage to reshape how payments and processes like contracting, legalities, and accounting work in selling premium online content. While currently using native blockchain currency, Rad plans to support various payment types in the future. This includes payouts to traditional fiat currencies.
Ayre Ventures founder Calvin Ayre commented:
“The recent Hollywood actor and writer strikes showed the importance of updating rights agreements in tandem with technological change to ensure creators are properly compensated for their efforts. Ayre Ventures is pleased to support Rad’s ongoing work to demonstrate the pivotal role that enterprise blockchain technology can play in these endeavors. Sunlight is the best disinfectant, and BSV Blockchain-powered transparency is the best method of ensuring a fair shake for all.”
