We live in a digital world that is evolving every day. Part of this world is also the increased use of streaming services and content platforms, such as YouTube, Twitch, Spotify, and others. In addition, many households use exclusive services, such as Hulu, Netflix or Amazon Prime to get video and TV on demand. It is a service that by now has become a major part of our society. However, a fact many are not aware of is that content creators are poorly compensated on pretty much every platform. For example, a YouTube creator, albeit having many subscriptions and viewers, often only makes pennies compared to the time and effort it takes to create quality content. This is something PitSnap, a blockchain-based content creator platform, wishes to change.

The current situation for content creators

Content creators today are mostly in a bad situation. Content platforms, such as YouTube or Twitch, but also many streaming services, do not allow for fair compensation for artists, which is the reason many only receive literally pennies for their hard work. One of the biggest reasons for this, aside from a greedy pay model, is oftentimes the use of necessary intermediaries. Netflix, for example, doesn’t buy its movies and shows directly from the artists, but from license holders or other third parties, which also want to make money off their products. This leads to a situation, in which it is very difficult for the average creator, to make enough money to survive and where even the big content creators and artists have to give up a big chunk of their money.

How does PitSnap want to change the situation?

PitSnap has made plans to change the current market and especially the situation for content creators and artists. The goal is to provide a platform with a unique revenue model, where the artists can provide their content, without the need of using any intermediaries or other third parties. The main feature of PitSnap will be the fact that content creators and artists are paid per content, instead of per view or per subscriber. That means that the artists decide how much someone should pay to watch their movie or show or listen to their music. Anybody interested will then be required to pay the defined fee. This way, the content creators and artists know beforehand how much they will make for each client that watches their show. They can also define their prices, without having to go for terms and fees, defined by others, such as YouTube or Twitch. Overall, this allows for fair compensation and business done directly between PitSnap and the artist. There is no need for any intermediaries or third parties, who will take away fees and cut down the revenue. PitSnap, of course, charges a small commission for its services, but it’s much lower than what other platforms and providers charge and in addition, it will be the only fee an artist is required to pay, with no additional cost involved.

What are the advantages of PitSnap?

PitSnap comes with several advantages for both users and content creators. Firstly, content creators and artists are able to deal directly with PitSnap. There is no need for any intermediaries or agencies. The artist offers their product on the platform and gets paid for it directly, according to their defined prices and fees. Artists can define their own prices and receive this price on a per-content basis, without being required to obtain a certain number of views or subscriptions to be eligible for payouts or to earn revenue.

Users pay as usual for their desired content and get it directly from the artist or content creator. They can get in touch with their favorite content creator directly, if they wish to, as there is no third party involved. This increases trust and the user experience as a whole. Thanks to the use of the blockchain technology and cryptocurrency, all transactions are fast, secure, transparent, and cheaper, when compared to traditional payouts.

How does PitSnap improve payout of artists? Summary and Conclusion

PitSnap is a new crypto project with a unique goal and approach and with great potential, thanks to its experienced team and a well-thought-out concept. It remains to be seen if the project will be able to live up to its expectations and deliver what it promises. Still, many artists and content creators have put their focus and often their hopes for better revenue, on the PitSnap project and if it works out as planned and if PitSnap delivers, it is likely to become a real gamechanger on the market, changing how digital content is being paid forever. The team of PitSnap is an experienced team with knowledge and skills that is not only aware of the issues content creators and artists are facing, but can also take advantage of a decent skill set. This combined with lots of experience in the crypto market makes the PitSnap project a real player and is the main reason for the hype that surrounds it.

To learn more about the project and the upcoming sale, visit www.pitsnap.io.