Oyster PRL

$0.5102
Market Cap $ 43.347 MM (#112)
24h Volume $ 0.000
Chg. 24h: 0.00%
Algo. score 3.7/5  (#110)
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Oyster project purpose and description

Oyster clarity of purpose

Oyster purpose and aspects

Oyster Protocol lets presents a new monetization method for publishers which replaces ads where users get their unused computing power used to store encrypted files in a decentralized ledger and this helps the website owner get paid

Oyster additional differentiation against competition

The Oyster Protocol enables websites to silently generate traffic revenue as visitors perform Proof of Work for a decentralized storage ledger.

Oyster categories

Data storageMedia & publishing

Short description

Oyster Unlocks the Dormant Revenue Potential of Millions of Websites. PRL is the economic bridge between content publishers, content consumers, storage providers, and storage consumers.

Abstract

Despite the exponential growth of the internet, mechanisms for monetizing web content have remained stagnant. Advertisements intrude on privacy, distract from the intended content, and break design continuity in websites. Due to a general disregard and negative sentiment towards online advertisements, ad blockers have become mainstream. They have become so mainstream that content publishers are pushing back by blocking and limiting viewers from content if ad blockers are detected. Publishers are losing either a large amount of money from ad blockers, or a large amount of viewers from ad block retaliation mechanisms. Therefore the entire advertising scene gradually morphed into an ineffective, inefficient and intrusive ordeal without foresight and wholistic solution deployment. In parallel, there is currently no storage service that is both convenient and private. If you choose convenience, then you are opting for a standard cloud storage company which precludes privacy and anonymity. Closed source software means you can never truly take what they say for granted. If you choose privacy, then you will seldom find an accessible and straight forward web interface with a simple ‘upload’ button. The Oyster Protocol is a true two-birds-one-stone proposition. The Protocol introduces a radically different approach to getting content publishers and content consumers to reach equilibrium and cooperation. As a consequence, anyone with a web browser can store and retrieve files in a decentralized, anonymous, secure, and reliable manner.

Link to Roadmap: https://oysterprotocol.com/assets/img/oyster-roadmap-v3.png
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