Vodra
Description
Vodra is a new and unprecedented way for content creators, their audiences, and anyone else who believes in free and open media to benefit from its growth. Vodra is a decentralized donation platform that allows content creators to be supported by their audiences directly. There is a growing shift towards donations/pledges as a medium to compensate creators which directly increases creator and audience engagement.
Mission
Our goal is to allow creators to pursue their passions while being fairly compensated and increasing creator and audience interaction.
Problem
The main issue we are trying to tackle the main issue is fair compensation for content creators, which is difficult for them to achieve. Due to advertiser preference, algorithm changes, censorship, and other restraints it is increasingly more difficult for creators to earn a living and create the content that matters to them.
Between exuberant platform fees, which can go up to 45%, and algorithmic discrimination, it’s hard for content creators to receive fair compensation without leaning fully on advertisements and promotions. We believe the purpose of entertainment is to entertain people, not sell things. The current model also places little importance on audience-creator interaction, and on producing the content that audiences want to see.
Solution
There is a growing shift towards donations/pledges as a medium to compensate creators which directly increases creator and audience engagement, but existing donation platforms are still plagued by high fees and centralization. Vodra is a decentralized donation platform that allows content creators to be supported by their audiences directly while increasing their interaction. The Vodra Platform allows direct donations, crowdfunded project voting, and scheduled reward donation tiers, all with 0 fees. The Vodra token is also disseminated to creators based on the size of their audience, at a decreasing rate, giving back control of the value exchange of content to the creators, and compensating them for both audience size and engagement.
Product
The Vodra Platform
- The Vodra Platform is comprised of a variety of tools that allow content creators to monetize their content across all platforms, and allow creators to engage with their audiences however they see fit. Creators can upload and customize their profiles, and audiences can directly donate to them using the Vodra Token (VDR), with 0 fees. Creators can also post several projects, and have their audience vote on the projects using VDR, with the winning project being funded by the tokens. This allows creators to hone in on the content their audiences want to see most, on top of being supported for their projects. Users will also be able to schedule monthly donations to access different tiers and receive rewards such as exclusive content or NFTs.
The Vodra Token (VDR)
- Vodra Token is an ERC-20 utility token, that is redeemed by content creators based on the size of their audience, at a decreasing rate. It powers the platforms, and audiences can use the token to donate and unlock the various utilities stated above. Polygon PoS bridges allow seamless transfers to the Matic/Polygon chain, which means functionality and transactions on the Vodra Platform completely avoid gas fees.
Progress
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Our team has grown to 13 members, all from being fully bootstrapped, and we’re currently hard at work on building the platform. We’re working on our backend services in order to read and handle incoming transactions and append extra information to them such as messages from audience members and their profiles. We have also designed the UI for the client-side application and are at work building our MVP for this summer.
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We have partnerships with many prominent content creators in many different domains, including a professional surfer, financial influencers, streamers, an MMA fighter, and much more. These content creators have a combined audience of over 100M, and are helping to grow our communities, and will be strong advocates and early users of the Vodra Platform.
Differentiation
Vodra is unique from all other creator compensation projects due to its donation platform model coupled with creator redemptions. Vodra enables proportional participation in the platform by creators without the need for individual creator currencies which often find themselves illiquid or unrepresentative. Vodra also provides a suite of tools completely dedicated to creator compensation through donations. Creator compensation is at the core of Vodra and every platform function is designed to perpetuate that.
By building a creator donation economy that is devoid of third parties, Vodra allows for participation and ownership that is unafforded by other projects. With creators being directly incentivized to utilize and promote the platform, there is an unprecedented opportunity for mass creator adoption. It is this clear value proposition and network effect that sets Vodra apart not only from other blockchain compensation models but also from the big fiat players such as Patreon and Twitch Bits.
Team
Our full team can be found here: https://vodra.io/team, along with their LinkedIn profiles.
Grant Request $
$10,000 USD as well as your feedback and support.
Funds
The Vodra team has currently taken no funding and is fully bootstrapped and self-supported out of pocket from its founders. The requested grant would serve to support our growing dev team, pay for necessary services and infrastructure, and allow us to effectively manage our token and help get the Vodra Platform in the hands of creators as soon as possible.
Additional Resources
Documentation and our social media groups can be found on our website, linked above.