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Retromedia

Blocktrend pioneers a sustainable media model combining subscription journalism with Web3 mechanisms. We align reader and media interests through public goods funding, offering premium content and token benefits while building an informed crypto community.

Retromedia

Created At

ETHGlobal Bangkok

Project Description

Blocktrend is reimagining media sustainability through an innovative business model that solves the fundamental misalignment in traditional media. While most media outlets rely on advertising revenue, creating a conflict between serving readers and advertisers, we've developed a three-party model that aligns incentives between content creators, readers, and blockchain ecosystems.

Core Model

Our model operates on three key principles:

  1. Subscription-based revenue ensures editorial independence
  2. Public goods funding provides additional reader benefits
  3. Token distribution creates ecosystem engagement

Readers can choose between free and premium access. With a paid subscription, readers not only get access to premium content but also become eligible for token airdrops from public goods funding programs. We've successfully received funding from major blockchain projects like Optimism (through RetrosPGF) and Filecoin, redistributing these tokens to our paying subscribers.

Real Implementation & Results

In practice, this model has shown interesting dynamics. From our experience across multiple funding rounds, about 60% of subscribers actively claim their tokens, while others subscribe purely for content access or to support independent media. We maintain a paywall to ensure operational stability, treating public funding as a supplementary benefit rather than a core revenue stream.

Community Benefits

Subscribers receive:

  • Premium content access
  • Token airdrop eligibility
  • Priority access to physical events
  • Opportunity to participate in ecosystem governance

For blockchain projects, we:

  • Create quality educational content
  • Build informed communities
  • Enhance ecosystem governance through educated participants
  • Provide transparent impact metrics

Current Challenges & Solutions

We acknowledge several challenges:

  • Public funding programs have evolving rules and criteria
  • Impact measurement needs standardized frameworks
  • Token distribution requires technical infrastructure

To address these, we:

  • Maintain subscription revenue as our core business model
  • Document and measure content impact
  • Provide flexible value propositions beyond tokens
  • Continuously explore new funding sources

Future Development

We're actively working on:

  • Developing comprehensive impact metrics
  • Expanding community benefits
  • Enhancing governance participation mechanisms
  • Building sustainable funding frameworks

This model represents a practical experiment in media sustainability, demonstrating how blockchain technology can create new possibilities for content monetization while maintaining editorial independence and reader alignment.

How it's Made

Technical Implementation

Core Infrastructure

Our platform implements a hybrid Web2/Web3 architecture to bridge traditional media subscriptions with blockchain-based incentives:

Subscription System

  • Ghost CMS as the content management system
  • Custom membership tiers implementation
  • API integration for subscription verification
  • Webhook system for membership status tracking

Token Distribution Infrastructure

  • Smart contracts for token distribution (Solidity)
  • Integration with Optimism's L2 for gas-efficient transfers
  • Merkle tree implementation for efficient airdrop verification
  • Multi-signature wallet setup for treasury management

Key Technical Components

1. Membership Verification

contract MembershipVerifier {
    mapping(address => bool) public verifiedMembers;
    mapping(address => uint256) public membershipExpiry;
    
    function verifyMembership(address member, bytes calldata proof) 
        external 
        returns (bool) {
        // Verify membership status from Ghost CMS webhook
        // Update membership status on-chain
    }
}

2. Token Distribution System

contract TokenDistributor {
    mapping(address => bool) public hasClaimed;
    bytes32 public merkleRoot;
    
    function claim(bytes32[] calldata proof, uint256 amount) 
        external {
        require(!hasClaimed[msg.sender], "Already claimed");
        require(verifyProof(proof, msg.sender, amount), "Invalid proof");
        // Process token distribution
    }
}

Integration Points

  1. Ghost CMS Integration
  • Custom webhooks for membership status updates
  • API endpoints for subscription verification
  • Content access control system
  1. Blockchain Integration
  • Connection to Optimism L2
  • Integration with various token standards (ERC20)
  • Multi-chain support for different funding sources
  1. User Wallet Integration
  • WalletConnect integration
  • Metamask compatibility
  • Address verification system

Notable Technical Features

Efficient Token Distribution

We implemented a Merkle tree-based distribution system that:

  • Reduces gas costs for token claims
  • Allows batch processing of claims
  • Provides efficient verification of eligibility

Hybrid Authentication

Developed a dual authentication system:

  • Web2 authentication for content access
  • Web3 wallet verification for token claims
  • Seamless bridging between both systems

Automated Distribution Pipeline

Created an automated system that:

  1. Monitors subscription status
  2. Updates eligibility lists
  3. Generates Merkle proofs
  4. Triggers token distributions

Partner Technologies Used

  1. Optimism Infrastructure
  • Leveraging L2 for reduced transaction costs
  • Integration with RetrosPGF distribution system
  • Optimistic rollup benefits for scalability
  1. WalletConnect
  • Secure wallet connection
  • Multi-wallet support
  • Mobile compatibility
  1. Ghost CMS
  • Content management
  • Subscription handling
  • API integrations

Technical Challenges Solved

  1. Gas Optimization
  • Implemented batch processing
  • Used Merkle trees for efficient verification
  • Optimized smart contract code
  1. User Experience
  • Simplified wallet connection process
  • Streamlined token claim interface
  • Automated eligibility verification
  1. Security Measures
  • Multi-signature requirements for treasury
  • Time-locked distributions
  • Automated security checks

Future Technical Roadmap

  1. Scalability Improvements
  • Implementation of zkSync for further gas optimization
  • Cross-chain token distribution capability
  • Enhanced batch processing
  1. Analytics Integration
  • On-chain analytics dashboard
  • Impact measurement tools
  • Automated reporting system
  1. Governance Enhancement
  • DAO tooling integration
  • Delegation system implementation
  • Voting mechanism optimization
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