１、Problem

• Centralization
  • In Web2 implementation of platforms like Substack and Patreon creator’s data is owned and gated by the app.

• Lack of Profitability.

  • Traditional Web2 platforms charge too many fees for payment in addition to platform margins. This is a problem that is occurring because of the reliance on third-party tools for means of payment and different types of currency.

    • Payment processing fee (5% + $0.10 per transaction)
      • This is the cost incurred in transferring funds from the patron to the creator balance. The payment fee covers the costs of processing payments from patrons, including recurring purchases, retrying to process rejected payments, and fraud prevention costs.
    • Payout fees (1% per 1 transaction)
      • This is the fee charged for transferring funds from your creator balance to your bank account, PayPal or Payoneer account.
    • Currency Conversion Fee (2.5% per 1 transaction)
      • Patrons may pay the membership fee in the currency of their choice; Patreon charges a 2.5% currency conversion fee for all payments from patrons made in a currency different from the creator's deposit currency.

  • The problem with the existing Web3 platform was that it was too volatile for creators. The volatility makes it difficult for creators to concentrate on their creations. They just want a steady income. However, the existing Web3 platform had difficulty achieving stability due to the nature of issuing social coins.

２、Solution

• Creators can literally own data.
• Lower cost and steady revenue for creators by crypto payment + Subscription NFT.

３、Innovative Point

• It is the encryption of content submitted by creators. To do this, we use Orbis and Lit Protocol technologies; existing similar services such as Unlock.Protocol only lock content, not encrypt it. If it is not encrypted, it is more centralized.