Refine Medium is a decentralized media platform that renders high-quality and authentic video content. It is based on the Ethereum technology designed to allow platform innovators, creators, and viewers to connect through blockchain-based smart contracts. A groundbreaking platform that will reward all stakeholders for their contributions. Refine Medium came up with a social video platform that seeks to close the gap between “human being” and “being human.” There are four stages of producing a great creator within the Refine Medium ecosystem:

Creators with a new concept and raw content. Creators working with Refine Medium moderators to positively impact their creation with professionalism. Established creators who want to move forward and prosper. Creators who have achieved stardom and prosperity, wishing to inspire others and cause lasting changes in the society.

Refine Medium is building an ecosystem that “nurtures a naive creator into a self-actualized one.” It aims to reach the top of the “Refine Rhombus.”

Video creation, conveyance, and consumption trends worldwide experience significant disruption. The distinctions between pay TV and Over-The-Top (OTT), wireless and fixed internet access, social and traditional media, video games and sports, print and digital media, are blurring. Entertainment became more of a necessity for consumers across the globe. It offers a gateway to gratification and happiness. The Entertainment and Media (E&M) sector produces more than $2 trillion in annual revenues worldwide. Japan, China, and the USA are the world leaders in E&M markets.

Online streaming service providers like Netflix, YouTube, Prime Video, etc. are intimidating production houses and studios that used to control the E&M landscape. The phenomenal growth of the online video content over the past years has resulted in a shift in the balance of power. Only the consumers benefit from the unparalleled selection of contents.

The E&M industry is subtly poised to undergo blockchain disruption and incorporate a pragmatic utilization of digital currency. Blockchain-based video platforms will challenge the greed-driven business models of the online video industry. These platforms will let creators and viewers take control.