DLive a blockchain based live streaming service has experienced a 67% rise in the number of subscribers over the past month after PewDiePie who happens to be one of the most popular YouTubers by the number of subscribers joined the social media platform.

According to a report prepared by Nikkei Asian Review yesterday, DLive currently has more than 5 million subscribers and over 70,000 streamers. Interestingly, before PewDiePie joined the platform in April, the blockchain platform had around 3 million monthly subscribers with about 35,000 active streamers at the time.

PewDiePie whose real name is Felix Kjellberg signed an exclusive live streaming deal with DLive at the beginning of last month. The 29-year-old who hails from Sweden has over 95 million YouTube subscribers as of press time with his most recent video amassing over 3.1 million views in less than 24 hours.

DLive is a new decentralized platform that is built on the Lino Network blockchain that rewards both content creators and viewers using Lino points, its native token. The fantastic thing about the platform is that it doesn’t take any percentage of the content creators’ earnings and doesn’t charge them any fees. However, content creators have to pay platform fees when they exchange the tokens they have earned for fiat currency.

Speaking to Nikkei Asian Review, Wilson Wei, the co-founder of Lino Network, noted:

“I think the lack of transparency and the huge cut that platforms take from content creators, are the two biggest problems the online streaming industry has. And blockchain is the perfect technology to solve both problems.”

After the impressive growth, the blockchain based streaming platform plans to grow beyond one of its main rivals, Twitch, a live streaming video platform that is owned by Amazon which takes a 50% cut from streamers. Twitch currently has over 2.2 million daily broadcasters and an average of 15 million viewers each day.

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