Runs On Radix Q&A: Backeum | The Radix Blog | Radix DLT

Step into the future of creator support with Backeum. This innovative platform, built on the Radix network, is set to transform how content creators monetize their work. Discover how Backeum is redefining the connection between creators and their audiences through personalized NFT rewards and lower transaction fees.

TLDR

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Unveiling Backeum: The Future of Creator Support on Radix and Beyond

Backeum changes the way creators and their supporters interact. It is the nexus of creator support and appreciation, powered by the Radix Full Stack. On Backeum, backers can financially support creators they admire and receive unique NFT trophies as rewards. For creators, the platform offers the flexibility to choose and offer specific NFT rewards, making their gratitude personal and meaningful. And this is just the beginning; Backeum has much more to offer.

Target Audience

Backeum aims to serve passionate individuals who are producing valuable content or services. Initially, the focus will be on the core Radix community. Still, plans exist to expand to other creative domains like influencers, YouTubers, open source and game developers, musicians, charities, and artists.

Scenario: A Musician in the Radix Community

Emily is a 28-year-old musician who has been part of the Radix community for two years. She is tech-savvy and is interested in blockchain and cryptocurrencies. Emily has a moderate following on social media platforms and has recently started her own YouTube channel, where she posts her original compositions and covers.

Needs:

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Why Backeum Over Music Streaming Services?:

Lower Fees: On these streaming services, artists usually receive a small fraction of the revenue generated from their streams, often as low as $0.003 to $0.005 per stream. Backeum offers her an additional income stream in addition to the YouTube revenue and incentivizes people to back her by receiving NFT rewards and, later on, exclusive content. For Emily the fees are lower than competitors such as Patreon, buymeacoffee, and other similar crowdfunding platforms.

Direct Connection with Audience: Unlike music streaming platforms, where the relationship between the artist and listener is somewhat impersonal, Backeum lets Emily directly connect with her backers, offering them unique, personalized rewards.

NFT Rewards: The NFT rewards system on Backeum allows Emily to offer unique tokens of appreciation to her backers like limited-edition digital album covers or behind-the-scenes footage encapsulated in an NFT. This is something most streaming platforms currently don’t offer.

Future Plans:

As Backeum expands its reach beyond the Radix community, Emily plans to invite her musician friends who are influencers and YouTubers but have yet to be part of the Radix community. She sees their potential to benefit from Backeum’s unique features and lower fees.

By targeting individuals like Emily, who are passionate about their craft and are already engaged in or open to the crypto community, Backeum aims to build a diverse and vibrant ecosystem that benefits both creators and backers. 

The platform offers a compelling addition to traditional music streaming services like Spotify, particularly in terms of financial benefits and personalized interactions between creators and their audiences.

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Meet the Founder: Simon’s Journey

Simon, the founder of Backeum, has been an active member of the Radix community for three years. His previous projects include community initiatives like radixlist and radix.earth. Simon started his career as a software developer in traditional finance but was drawn to the decentralized world due to its efficiency and streamlined processes. His journey into the Web3 space was fueled by a desire to improve things and enthusiasm for the future.

Simon’s involvement with the Radix community inspired him to give something back. Rather than just learning Scrypto through coursework, he wanted his learning journey to serve a purpose. This led to the inception of Backeum, a project that would aid his understanding of Scrypto and serve as a token of appreciation to the Radix community.

Why Radix?

Its clear vision and engaged community influenced the choice to build on Radix. Radix’s Scrypto language offers simplicity and utility, and the concept of Manifests adds flexibility in creating blueprints for dApps. These features have significantly enhanced Backeum’s capabilities.

Roadmap and Milestones

Backeum is in beta testing phase on Stokenet and has received valuable feedback. Community building is underway, with an active Discord channel and about 35 community members keen on setting up their creator profiles. The immediate focus is on refining the dApp based on feedback, expanding the community, and preparing for a smooth launch.

What Sets Backeum Apart

Backeum is not just another creator support platform; it’s a game-changer in the creator economy, offering a unique blend of features that set it apart from traditional platforms like Patreon. Here’s why Backeum stands out:

Revolutionizing Creator Support with Personalized Rewards

Backeum elevates the foundational idea of platforms like Patreon by integrating cryptocurrency and NFTs. This modern approach streamlines how backers can support creators and adds a layer of personalization through unique NFT rewards. Unlike traditional platforms that may offer generic rewards, Backeum allows creators to offer personalized NFTs as tokens of their appreciation, adding both emotional and potential monetary value to each interaction.

Lower Transaction Costs

One of the immediate benefits of building on the Radix network is the significantly lower transaction fees. This cost-effectiveness is a win-win for both creators and backers, allowing for maximum value extraction from each contribution.

Community-Driven Approach 

Backeum is more than just a platform; it’s a community. Initially focusing on the Radix community, the platform aims to expand its reach to include creators and backers from various fields, creating a diverse and vibrant ecosystem. What makes Backeum unique is its openness to community suggestions, ensuring that the platform continually evolves based on user needs and preferences.

Enhanced User Experience

The platform leverages the Radix Wallet and transaction manifests to offer a seamless and trustworthy user experience. This transparency allows backers to easily view their NFT rewards and understand the outcomes of their actions, making the platform more user-friendly. Implementing Personas for login on the Radix network will make signing up and extending support smooth as vegan butter. The hassle of entering credit card details or going through email sign-ups is eliminated, significantly lowering the barrier to support and ensuring a user-friendly experience.

Privacy and Security

Understanding the importance of privacy in the digital age, Backeum uses XRD domains to allow users to verify their identity while maintaining their anonymity. This feature makes the platform appealing to a broader audience concerned about privacy.

Social Impact

Backeum goes beyond individual creator-backer relationships and extends its impact to social causes. Through partnerships like the one with Crypdonate for the African Conservation Foundation, Backeum adds another layer of purpose to backing a creator.

Tiered NFT System

The platform plans to introduce a tiered NFT system, where NFTs get upgraded as community support milestones are reached. This innovative feature gamifies the experience, making it more engaging and rewarding for both creators and backers.

Regulatory Adaptability

Despite the inherent challenges of regulatory uncertainty in the crypto space, Backeum’s tech stack, particularly its use of Scrypto, offers flexibility and security that can adapt to future regulatory landscapes.

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For more information on the project, head to the website, follow the project’s official Twitter account or join the Backeum Discord channel.

‍‍All information about Backeum was provided by the Backeum team and has not been verified by Radix Publishing, RDX Works, or their associated companies.