Odysee, a decentralised YouTube alternative focused on free speech, is officially ending the serving of ads on the platform, starting today. The post:
"Dear friends of Odysee, Starting today, we’re removing all ads. We don’t need ads to make money as a platform and we are confident in the development of our own new monetisation programs that will help creators earn a living and at the same time keep Odysee alive. Ultimately, sacrificing the overall user experience to make a few bucks isn’t worth it to us and nor is it even sustainable for a platform that wishes to make something truly open and creatively free.
As we take this decision, one thing is certain to us, media platforms (even ones that market themselves as ‘free-speech’) typically devolve into advertising companies and end up becoming beholden to their paymasters. It’s been that way for centuries and is never going to change.
As we see YouTube become more aggressive with their ad deployment and ‘Free Speech’ platforms try to build their own ad businesses it’s apparent to us that we’re building a model for Odysee that will keep it sustainable not only financially, but in its ability to provide an incorruptible user experience.
Our approach may be considered niche or unconventional, that’s fine by us. Odysee will be used by the world on terms that are agreeable to its users, and we know our users don’t like ads.
Best, Founder & Creator, Chief Executive Officer. Julian Chandra"
They also earn money from the optional premium subscriptions, the 5% cut from channel donations, and 100% of the donations sent directly to them. The way the direct donations work is by going to a video, and just below it, clicking the “$ Support” button and making the donation either via cash or LBC. That’s an option for all channels on the platform.
Otherwise, I don’t know the ins-and-outs of how the decentralised blockchain system works, but they do not have to host all of the sites content themselves, as it is also voluntarily hosted by other users. I’m not sure how this works at the moment; it previously worked by being a user of the LBRY Desktop app, but after the LBRY company shut down, and the LBRY app went away, I’m not sure how other people host the pieces of that content anymore. They are moving away from the LBRY blockchain protocol, over to the Arweave protocol, so I imagine they will bring out an Arweave app that may replace the LBRY app which that was used previously.