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Below is our recent interview with Ondřej Brody, Director and Founder of yourvideo.io:
Could you provide our readers with a brief introduction to your company?
A: yourvideo.io is the newest project by e-artnow, a limited company incorporated in 2007 in Prague, Czech Republic. We started up as an electronic information service distributing selected e-mail announcements related to contemporary visual arts. Later on in 2013 we expanded into digital publishing (e-books, print on demand and audiobooks). Since 2021 we are currently developing our newest project yourvideo.io: the first dedicated NFT (non-fungible token) marketplace for YouTubers and heavy video files (up to 10GB). YouTubers mint their videos free of cost on yourvideo.io. yourvideo.io has made it easy for both buyers and sellers by allowing payments in either Fiat (Stripe) or BUSD (cryptocurrency). This makes it one of the most accessible platforms for buying and selling NFTs.
Q: Any highlights on your recent announcement?
A: Sure, here are the main highlights: yourvideo.io offers an additional income stream for YouTubers allowing them to display, sell, mint and transfer their videos without losing their copyrights or monetization options. Until now, YouTubers have only been able to monetize their videos indirectly, through publicity, merch, selling courses etc., not by selling the very thing they produce – their videos.
yourvideo.io has chosen to use Binance Smart Chain as its blockchain to ensure secure, fast, and cheap NFT minting, and ARWEAVE for permanent decentralized storage for NFT video files.
Q: Can you give us more insights into your offering?
A: yourvideo.io manually checks and approves all video submissions. We only allow creators to upload videos already hosted on their own YouTube channels.
The original content creator will get a 90% royalty every time their video NFTs sell on the primary market and a 10% royalty every time their video NFTs sell on the secondary market on yourvideo.io.
yourvideo.io allows YouTubers to mint their videos free of cost and has made it easy for both buyers and sellers by allowing payments in either Fiat (Stripe) or BUSD (cryptocurrency).
Q: What can we expect from your company in next 6 months? What are your plans?
A: We are now finalizing the development and the next 3 months will be dedicated to testing and optimizing the security of the platform and the smart contracts. We plan to open yourvideo.io for beta testing in October and the launch will be in Q4 2022.
Q: What is the best thing about your company that people might not know about?
A: Until now, most NFT platforms limit the users to upload files of max. 100 MB. This excludes most videos (except very short videos) and has limited NFTs to mainly JPEGS and GIFS. Our technology stack enables users to upload files up to 10 GB and should be enough for most YouTube videos. Furthermore we do not store the video files on a centralized server but we use Arweave for decentralized storage.
We strive to provide customers with the best possible experience through a commitment to quality control and creator accountability. We manually check and approve all video submissions. And we only allow creators to upload videos already hosted on their own YouTube channels. This helps to ensure that all videos are of the highest possible quality and are unlikely to contain any copyrighted or otherwise objectionable material making it difficult for scammers to sell videos they don’t legitimately own.
Also, yourvideo.io allows creators to retain control over their work (monetization, copyrights), ensuring that they can continue producing the content their fans love.
