Pump fun unleashed crypto incentives on the streaming world. Streamers can earn far more in fees streaming on @ pumpdotfun vs any web 2 platform like Twitch or Youtube
But there’s a few problems with the current Memecoin x Streaming model:
Memecoin prices are not always correlated to stream quality. There is always an attention blackhole when a streamer token launches with most streamers finding it tough to sustain hype
This leads to volatile coins, easy for holders to get rekt and lose trust AND it’s easier for streamers to cash out fees with no incentive to continue developing good content
Also, there’s no retentive loop in this model. Once you buy/hold a coin there’s no reason to check in daily. Memecoins are just a speculative shell built around the streamer, not a retentive game
Prediction Markets help solve this issue:
a) Streamers can use Prediction Markets to drive retention. Twitch already allows this using Channel Points
b) Streamers can create Prediction Markets for bettable events like - Will I get 10 kills in the next game? Will I win the next game?
c) This leads to retention because viewers get converted to bettors and bettors have much more of an incentive now to - Watch the entire stream + Potentially bet on more markets
d) This leads to shared participation Instead of zero-sum PvPing
Fans win/lose together on micro-events -> it feels like a game, not a scheme
Stronger community bonds form because speculation is about moments, not just hoping price goes up
The Ideal Streaming App
1) Every streamer has their own coin. Holding this coin gives you perks like - Exclusive streams, Share of Fees earned from Token Trading, Discounts on Prediction Market Trades, Uncapped upside
2) When the streamer is live, the stream will have dynamic Prediction Micro-Markets. Bets happen live, payouts occur instantly
3) Have Leaderboards to gamify the experience. Top Predictors get more points, perks and rewards
4) Use Fees from Prediction Markets to either - Buyback and Burn the streamer token OR give cash backs to token holders
This leads to the perfect combination of:
Entertainment with Streams for visual entertainment - Streamer Coins for long-term speculation + Strategic Betting on Streamers
Prediction Markets to increase retention and bring back viewers to every stream