Since April, the Solana ecosystem has grown steadily and accelerated. Due to the high scalability of the bottom layer, extremely low handling fees, and extremely high transaction throughput, diversified financial products continue to emerge.
The recent TVL of Raydium, the first AMM market on the Solana ecosystem, has exceeded the US$700 million mark, and has shown a continuous upward trend. The liquidity of the DeFi market has been released at an accelerated rate, and Raydium's own products have also accelerated.
AlphaRay, the founder of Raydium, is participating in CryptoJCommunity AMAsLet us have a deeper understanding of the Solana ecology and Raydium project features and operating mechanisms. In the AMA, AlphaRay talked about the IDO platform AcceleRaytor recently launched by Raydium. The first project on the platform is Media Network, which is planned to be launched in April. Launched on the 29th, it aims to break through the last mile of content delivery.
The following is the organization of the AMA text content, and the content has been deleted.
The following is the organization of the AMA text content, and the content has been deleted.
Analysis of Media Network
At the beginning of the AMA, Nicolas gave a brief introduction to the characteristics and birth background of the Media Network project.
Nicolas pointed out that when interacting with the distribution layer of a decentralized protocol, we realized that the whole puzzle was missing an important piece-the distribution layer, so we started the development of Media Network.
When end users download content from existing decentralized protocols (such as Filecoin, Arweave, or Storj), they are actually retrieving content from centralized CDN providers such as CloudFront, Cloudflare, Fastly, etc. Media Network was developed to solve this problem, and to smooth out the last blemishes, we are starting to develop a decentralized bandwidth marketplace to support the last mile of content delivery.
Using Media Network as a platform for decentralized CDN solutions, source: white paper
The story behind the team
The story behind the team
When talking about the integration behind the team, Nicolas pointed out that the team has more than ten years of experience in the development of centralized CDN for live streaming media platforms. These media platforms are widely used and need to handle a large number of users who use the platform at the same time during peak hours network pressure.
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Four modules in the Media Network ecosystem
The ecosystem of Media Network mainly includes four parts: "Media PeerPool, Media Edge, Media Guard, and Media Server". Nicolas also introduced to us the operating mechanism and positioning of these four modules in the ecosystem.
Media PeerPool allows all media platforms or service providers to reduce the cost of CDN by 99%. Help native CDN scale up. Media PeerPool can also be combined with a centralized CDN solution to form a stand-alone component. Users can directly access various services through the Media App and use these services by registering your domain name.
Media Edge is a community-run software designed to help scale the entire network, and community members can earn MEDIA as a reward for their contributions. They will also serve as source nodes for end users to download content. According to our product roadmap, Media Edge will soon be fully open to the public, allowing anyone to access our product without authentication.
Media Guard (Media guard node) will be responsible for network security, consensus certification, checking the report and health status of Media Edge feedback and confirming MEDIA rewards. Initially, 21 Media guard nodes will be elected through community governance (coin holders). Media Guard is also responsible for tracking the efficient operation of the Media PeerPool system.
Media Server is the most basic streaming media platform, where users can live broadcast and share real-time dynamics. Users can now set up a Media Server and add it to the Media Network to experience how our technology works. After completing these two steps, you have a media platform that is all your own without worrying about scalability or usability. Users can even customize their own platform (because it is completely open source) - everyone can add their favorite functions, such as chat function, etc. Now users participating in the beta test network can already use CDN services.
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Media Network Differentiation Advantages
There are already projects including Theta Network in the field of decentralized streaming media. Regarding the difference between Media Network and Theta Network, and what are the unique advantages of Media Network compared with projects on the same track, Nicolas also published his own View.
Nicolas pointed out that the main difference is that we have developed a beta version of the CDN service, while Theta is still in the product concept stage, which is their theta.tv. At present, users urgently need an effective CDN solution, but Theta Network has not yet provided real solutions, products or infrastructure for media platforms, developers or content creators.
However, for us, these are the most basic and important places to distinguish different projects. We have successfully built a CDN service fully powered by Media Network and introduced it to the market. The service is completely based on the blockchain, freeing users from the troubles of spam, cumbersome registration processes, or any form of KYC.
Join Solana Ecosystem
Join Solana Ecosystem
Compared with other public chains such as Ethereum, Nicolas also expressed his views on why Media Network chose to join the Solana ecosystem and Media Network's positioning in the Solana ecosystem.
Nicolas said that we chose to join the Solana ecosystem because of its extremely high throughput and extremely low transaction fees, which are characteristics that service providers like us urgently need.
We need high-frequency on-chain activities, which cannot be achieved on other blockchains with high fees and lower TPS.
Token Value Capture
Token Value Capture
Regarding value capture, Nicolas shared how Media Network's token economic model is designed, how to motivate users to hold tokens for a long time, and what application scenarios the tokens have.
Nicolas pointed out that the tokens are mainly used to access our network and CDN services. Simply put, the demand for MEDIA comes from people outside the crypto world, due to the fact that our products are actually in demand within the industry (media platforms and service providers).
Everyone who wants to participate in the distributed economy can pledge LP tokens after providing liquidity.
We also have a good repurchase and destruction mechanism, and we will destroy the fees paid by content creators to use the network and expand their infrastructure. MEDIA tokens will also be used for network governance.
Token Sale Rules
Media Network will conduct a public offering on the IDO platform AcceleRaytor on Raydium on April 29th. Nicolas will share with us some details about the public offering.
Nicolas pointed out that we are very happy and honored to be the first IDO project of Raydium. When we are preparing for IDO, we can feel that they are the best partners.
development plan
development plan
Nicolas finally introduced to us Media Network's recent development plans, directions, and the latest developments in research and development, and will cooperate with other projects in the Solana ecosystem for development and other topics.
Nicolas replied that with the continuous development of the project, we will add more and more new functions to the CDN service. We also plan to release Media Edge soon, giving everyone the right to run a node and helping the network scale, which is our next biggest goal.
At the same time, we are always looking for new partnerships, which may bring us technical improvements, so that our products will be more complete.
Regarding the question of whether Media Network will explore more application scenarios in the NFT field.
Nicolas said that there is currently no such plan. Now we will still focus on the development of CDN services, which will be our top priority in the next few years.
However, we will also actively accept other potential partnerships, such as broadcasting NFT images or videos on the Media Network in a decentralized manner.
About CryptoJ
About CryptoJ
CryptoJ (WeChat public account: CryptoJ) is a provider of community service solutions, a new generation of blockchain investment, research and service institutions, and has established a deep relationship with leading media, developer communities, business elites and financial institutions in the encryption world. Partnerships. CryptoJ brings together a wide range of KOL network systems, professional industry information, in-depth research and analysis, high-quality communities, hot market project dynamics and other multi-faceted blockchain industry resources. Match differentiated services in the market in real time, provide analysis and customized services, form community alliances, cooperate with exchanges to promote, and build vertically segmented channels such as self-media services at home and abroad. CryptoJ will provide real marketing value to your project and build broad brand awareness in China and the world.
