Joystream is a web3 video platform. It’s built on the Joystream blockchain, which is the same name as the platform. It plans to launch its mainnet in Q2 2022.
During the period, JOY tokens will be launched too. Joystream will be operated by token holders, not by a centralized entity. This is a significant difference from existing platforms like YouTube.
The videos will be minted as NFTs. You can upload them to your channel, sell them and create your own token for your channel. Those token holders can earn a share of your proceeds, get early access to your videos, and more.
Once the mainnet has been launched, Joystream intends to connect to the Polkadot network, which enables sovereign blockchains to operate together seamlessly.
(As of April 10, 2022)