FN Media Group Presents USA News Group News Commentary
Vancouver, BC, May 3, 2022 /PRNewswire/ — USA News Group – The economy for streamers on some of the world’s most popular video streaming platforms continues to evolve, in everything from ads, lucrative influencer deals, as well as tips, paid subscribers and one-on-one VIP access from audience members. Among the top sources where popular streamers are deriving their revenues are more well-known streaming platforms such as Twitch from Amazon.com, Inc. (NASDAQ: AMZN), YouTube from Alphabet Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL), Facebook from Meta Platforms, Inc. (NASDAQ: FB), as well as using StreamLabs from Logitech International S.A. (NASDAQ: LOGI). However, another platform that’s steadily grown through its video streaming as well as its strong position in cryptocurrency are the newly newly launched DogeChat and DoggeChat apps from Hello Pal International Inc. (CSE: HP) (OTCQB: HLLPF).
Beyond its already well-used Chinese market, Hello Pal International Inc. (CSE: HP) (OTCQB: HLLPF) has been rapidly growing its live-streaming, language learning and social-crypto platform, and reaching new milestones for overseas livestreaming—including gaining over 50,000 live streamers in United Arab Emirates, Saudi Arabia, Egypt and Bahrain.
“Our marketing and technical team made incredible gains in expanding our user base in the Middle East during the last year,” said KL Wong, Chairman and CEO of Hello Pal. “Livestreaming activity has exceeded our expectations in outside China as certain key metrics represent nearly two-thirds of activity. Our focus will now shift to expanding in the same way in other parts of Southeast Asia, other Middle Eastern countries, and India.”
Although Hello Pal cut its teeth with strong support within the Chinese market, on-boarding outside has been extremely successful, with 2000-2500 hours of livestreaming time per day versus Chinese livestreaming of 1000-1200 hours per day. Within the business model is gift giving, of which there are 1200 gift givers per day from the Middle Eastern market versus China’s daily gift givers of 700 per day.
It’s projected that these livestreaming operations will grow even more upon the successful launch of DoggeChat and DogeChat. These 1-on-1 video chat apps will expand Hello Pal’s international platform thereby increasing the exposure of livestreaming into new regions.
Hello Pal’s newly launched DogeChat and DoggeChat apps are set to allow users to match and/or video chat with other individual users from across the globe. When a connection is made, 1-on-1 video calls will generate revenues on a per-minute basis, paid for by the call’s initiator to the call’s receiver—now with the option to pay in crypto, which Hello Pal also is in the business of mining.
“We expect these apps to be very synergistic to our current livestreaming and crypto-mining operations,” said KL Wong, Founder and Chairman of Hello Pal. “They will not only bring into our existing ecosystem new users from different markets, but also allow us to start implementing our goal to make the use of cryptocurrency more widespread in the world, starting with our users.”
This means that livestreamers can not only grow their audiences, but also cultivate revenue from giving 1-on-1 VIP experiences to those willing to pay.
It’s here where Hello Pal truly sets itself apart from the giants such as Twitch, YouTube, and FaceBook through the integration of cryptocurrency payments.
Where DoggeChat is set to launch first with payments made in fiat currencies through Apple Pay and Google Pay, DogeChat payments will be made in DOGE and other cryptocurrencies,
Back in 2021, Hello Pal made history by becoming the market’s first listed company focused on mining Litecoin (LTC) and Dogecoin (DOGE). Reaction to the announcement was swift, causing a surge in traffic so heavy it temporarily caused a website outage.
“Our livestreaming operations continue to deliver strong operating results as we continue to diversify outside of China,” said KL Wong. “With our focus on cryptocurrency mining operations, we anticipate that revenue and profit will continue in an upward trend.”
Owned by Amazon.com, Inc. (NASDAQ: AMZN), Twitch has a history of going in and out and in again on cryptocurrency. One of the earliest cryptocurrency adopters, Twitch added the payment option in 2014, quietly removed it in 2019, and then brought it back again in 2020.
Fans of Twitch streams can donate to support streamers using BTC, ETH, LTC and Bitcoin Cash (BCH), with some streamers making more money from cryptocurrency donations alone than the average high-earning lawyers and physicians.
However, unlike Hello Pal’s DogeChat, Twitch streamers don’t necessarily have a direct way to generate revenue from a VIP 1-on-1 audience member experience.
Back in November 2021, Twitch signed an exclusive multiyear deal with Crypto.com to serve as the streamer’s “official global cryptocurrency platform partner.”
Fueled in part by rising competition with the short form video platform TikTok and advertisers responding to high inflation rates, Alphabet reported a substantial miss in its YouTube segment.
“In the long run, for me, YouTube is a place where we see users not only come for entertainment – they come to find information,” said Alphabet’s CEO Sundar Pichai, in a call with investors, stating how viewership and customer base for YouTube was evolving and expressed a positive outlook for the future. “They’re coming to learn about things. They’re coming to discover, to research.”
Meta Platforms, Inc. (NASDAQ: FB) is also facing declining revenue as users switch to competitors like TikTok. This has sparked the company explore how virtual currencies could help lure users to its metaverse platform and keep them there, developing what are being dubbed “Zuck Bucks“
Currently, streamers on Facebook can earn revenues by using using Streamlabs from Logitech International S.A. (NASDAQ: LOGI). Facebook streamers gain revenue through the use of “STARS“, which viewers buy and then send to streamers as compliments for their work.
StreamLabs is at the core of many popular streams conducted on Twitch, YouTube, and Facebook. Recently, Logitech announced its second annual Logitech Song Breaker Awards, the first music award show in the metaverse on the popular gaming platform Roblox—including multi-GRAMMY-Award-winning artist Lizzo, making her metaverse debut.
“This year, we pushed the boundaries as we continue to reimagine what a creator-focused award show could look like,” said Meridith Rojas, Global Head of Talent and Entertainment, Logitech. “In building this immersive program in the metaverse, we’re taking inspiration from the online communities blazing the path in web 3.0. It’s not a one-way conversation, it is a two-way experience bringing creators and their communities together to create.”
For more information go to: https://usanewsgroup.com/2020/11/16/live-streaming-is-taking-the-market-by-storm/
Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. (“MIQ”). MIQ has been paid a fee for Hello Pal International Inc. advertising and digital media from the company directly. There may be 3rd parties who may have shares of Hello Pal International Inc., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Hello Pal International Inc. which were purchased as a part of a private placement. MIQ reserves the right to buy and sell, and will buy and sell shares of Hello Pal International Inc. at any time thereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, and we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles.
While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
USA News Group is Source of all content listed above. FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with USA News Group or any company mentioned herein. The commentary, views and opinions expressed in this release by USA News Group are solely those of USA News Group and are not shared by and do not reflect in any manner the views or opinions of FNM. FNM is not liable for any investment decisions by its readers or subscribers. FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM was not compensated by any public company mentioned herein to disseminate this press release.
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.
Media Contact Information:
FN Media Group, LLC
Media Contact e-mail:
U.S. Phone: +1(954)345-0611
SOURCE USA News Group