Systems and Methods for Distributing, Purchasing, Owning, and Playing Video On Demand and Distributing Royalties

Smart overview of the Invention

Innovative systems are introduced for the creation and distribution of digital rights management (DRM)-unlocking non-fungible tokens (NFTs) that are linked to DRM-encrypted video content. Users can purchase, own, and access video content through these NFTs, which serve as proof of ownership. The process involves generating a smart contract for the NFTs, uploading encrypted video files, and facilitating instant payments via blockchain technology upon purchase.

Enhanced Ownership and Flexibility

Unlike traditional video-on-demand (VOD) platforms that restrict ownership to a license for viewing content, this system allows users to truly own their digital assets. Users can resell or trade their purchased content, enhancing flexibility in managing their digital libraries. The system also supports rentals and access to physical events through hybrid NFTs, creating a more versatile entertainment experience.

Streamlined Royalty Payments

The approach enables efficient royalty distribution to intellectual property owners and other stakeholders. By consolidating premium VOD content distribution on a single platform, it simplifies the process for distributors while ensuring that creators receive their due royalties promptly. This model empowers filmmakers and IP holders to reach audiences more effectively while maintaining control over their content.

Features of the Platform

• DRM-unlocking NFT platform for accessing encrypted content.
• Interface for distributors to manage NFT contracts and pricing parameters.
• Payment system ensuring immediate transactions via blockchain.
• Verification system linking users' wallets to confirm ownership.
• Delivery system providing access to encrypted content through DRM licenses.

Advanced Functionalities

The platform includes features such as rental management, NFT transfers, and temporary sharing capabilities. Users can farm NFTs, allowing them to generate new tokens from existing ones. Additionally, a reward module incentivizes participation by offering rewards based on user engagement. Developers can integrate this functionality into various applications using an SDK and API, broadening the accessibility of DRM-unlocking NFTs across different platforms.