Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
OmniFlix : The Interchain Media Hub
OmniFlix Network is a p2p network that powers decentralized media for creators & communities through its dApps suite. Building on the Cosmos SDK’s interoperability, OmniFlix utilizes the Interchain stack to support a diverse array of activities, including:
- publishing video NFTs within channels and
- trading NFTs
- create on-chain engagement campaigns
- streaming tokens between accounts in 10+ denoms
OmniFlix Hub doubles down on the Interchain Stack
OmniFlix Hub capitalizes on the Cosmos SDK and IBC standard for their exceptional interoperability and flexibility.
This integration has enabled the Hub to subsidize gas fees for transactions on OmniFlix Studio and Market through the Fee Grant module for more than two years.
Through the participation in the “Game of NFTs” alongside other interchain communities, the team behind OmniFlix Network has demonstrated the practical application and innovation of the Interchain NFT (ICS-721) tech stack by facilitating interchain NFT transfers in early 2020.
What makes OmniFlix a web3 media-tech powerhouse?
Flix Crew, the team behind OmniFlix Network has extensive experience working with traditional media and technology involved in the management, distribution and monetization of digital media.
This enabled them to work with studios, record labels and other organizations streaming 650M+ watch minutes with OmniFlix’s enterprise media software which is now being decentralized.
OmniFlix.tv is the first web3 media app that offers features to help creators distribute & monetize media in a web3-native fashion with:
1) Gated Interactions: Create interactive video quests on OmniFlix.tv that are viewable by anyone, but interactions are accessible only to those eligible NFT holders.
![](https://cdn-images-1.medium.com/max/1024/1*g3-5zMD8M81A8CZ64k8_jw.png)
2) NFT Drops: Any video can be used as a vehicle to mint NFTs, be it a badge NFT or an edition NFT of the video itself, by going through interactions
![](https://cdn-images-1.medium.com/max/1024/1*WnZhJgQCPMGSwpL59B_oaQ.png)
3) Tip Channels: Facilitates tipping for creators on OmniFlix.tv with 0% commission using $FLIX or other IBC tokens via a simple swap, powered by Leap Elements.
![](https://cdn-images-1.medium.com/max/1024/1*ljUwoxwXNWq9UQ4e4yFneA.png)
OmniFlix Hub has a lot more to offer than a typical standard NFT marketplace does, such as collecting, listing, auctioning, and bidding:
- Native “oNFT” module: Enables users to mint NFTs as a first class citizen on the chain rather than in a VM like CosmWasm. Here, contracts are utilized to
- Native “marketplace” module: Enables users to trade on a protocol implemented natively as opposed to a certain set of contracts. This enables chain-wide implementation of royalties and other protocol-specific features which are typically challenging to enforce.
- Interact-to-Claim Module: Enables creators on OmniFlix.market to authenticate NFT ownership and distribute rewards in the form of additional NFTs, fungible tokens, or both.
![](https://cdn-images-1.medium.com/max/1024/1*3sCTSgp7LNeNMegynAZXyQ.png)
- StreamPay: A specialized module designed for the streaming of tokens over time from one OmniFlix address to another, supporting multiple denominations.
![](https://cdn-images-1.medium.com/max/1024/1*bFFWemYoM-FLFjWV3pFaUw.png)
OmniFlix’s Mission and Its Impact on the Interchain Ecosystem
OmniFlix is building the decentralized media layer of the interchain, allowing media assets to be minted, managed, monetized & distributed by creators and communities using its web3 dApp stack. The network supports diverse media formats including Image NFTs, Audio NFTs, Video NFTs, Livestreams & more.
Who is using OmniFlix for publishing, today?
Below are a set of creators, publishers and communities from within the interchain ecosystem.
- MAND Network (a Dymension RollApp)
- Elys Network (a Cosmos Hub PSS chain)
- Secret Network (privacy app chain connected using IBC)
- Inter Protocol (protocol on Agoric)
- Cryptobase (subDAO within the PostHuman community)
- Dpodocasts (Professional media producer & publisher)
- Snails DAO (community/DAO that educates users within the Interchain ecosystem)
- CosmosWiki (portal to learn about the Interchain ecosystem)
- RacFM (record label using OmniFlix to distribute & monetize)
What are we working on right now?
1) OmniFlix TV (app)
OmniFlix Network’s plan to be the Interchain Media Hub is underway with OmniFlix.tv crossing the 1,000th video NFT published milestone.
The plan includes enabling Creators/Publishers to publish videos in a variety of interactive and on-demand formats powered by NFTs, such as:
- Subscription Video On Demand — Recurring payment for continued access to a catalogue of assets
- Transactional Video On Demand — Single payment for access to independent media
- Advertising Video On Demand — Access is free with advertisements
![](https://cdn-images-1.medium.com/max/1024/1*rNsEjHK5OwDiwCvbjvXz_w.png)
These are interactive videos and more formats within video (i.e. VOD video with support for SVOD, TVOD and AVOD videos). OmniFlix has already demonstrated the use of Ads within events like Cosmoverse, TEDxHyderabad, etc. and will be doubling down on the same along with
2) OmniFlix Media Node
OmniFlix Hub aims to enable projects within the interchain ecosystem to to do more with their media assets in the most sovereign manner with the introduction of media-DePIN infrastructure in the form of the OmniFlix Media Node and its associated app, OmniFlix Nucleus, which can be a project or community’s single destination for educating and engaging their audience.
Later this year, the introduction of OmniFlix Media Node is planned, which will support:
- Encoding of video for on-demand publishing
- Transcoding of video for linear broadcasting / live streaming
- Storage of video for delivery
Links to our dApps
- OmniFlix Studio — https://app.OmniFlix.studio — to create collections & mint NFTs
- OmniFlix Market — https://OmniFlix.market — to list & collect NFTs using various IBC tokens like ATOM, OSMO, JUNO, HUAHUA, AKT, LAB, TNKR, axlUSDC, IST & FLIX
- OmniFlix TV — https://OmniFlix.tv — for distribution of video content using VOD and interactive videos
- OmniFlix inSync — https://flix.OmniFlix.co — for staking & governance
- StreamPay —https://StreamPay.me — Your gateway to time-based and programmable token transfers
Want to stay updated with everything happening in the Flixverse?
Follow us on X or Twitter and join us on Telegram or Discord
OmniFlix : The Interchain Media Hub was originally published in Interchain Ecosystem Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.