Wings has a new project to forecast called White Rabbit.
White Rabbit allows you to reward the films and series you stream, on whatever peer-to-peer platform you choose to stream from. White Rabbit technology recognizes content and utilizes blockchain to facilitate payment between you and the films rights holders.
White Rabbit is looking to solve three main challenges to the film and series industry.
The first is that too few filmmakers make money from digital distribution. The second is that subscription-based streaming services are producing more of their own content giving consumers less choice. And third, fans have to become pirates to see all their favorite content.
White Rabbit is the solution by providing an ecosystem for users, contents rights holders, partner streaming sites, third party developers, and White Rabbit.
Each user has a personal content library called The Rabbit Hole. And any content goes through the White Rabbit plugin.
Users can offer White Rabbit Tokens (WRT) for payment of content, which is recognized through the plugin.
As for price White Rabbit set a price of $2 for a film and $1 for an episode. After entering into a smart contract rights holders may adjust price as they see fit and even offer contribution model. And pricing may be varied by region/country.
The pre-sale starts May 7 and runs to May 14. Then the main sale goes from May 15 to June 10. It’s $0.13 per WRT and the hard cap is $10 million. Total supply of WRT is 190 million.
The forescast is in ETH. The median forecast is 5,875 ETH, about $4.8 million at today’s prices. I forecasted 3,750 ETH, or roughly $3 million. It’s a tough sell trying to compete with Netflix. There’s still a day left to forecast this project.
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