In 2015 LBRY was born, a platform based on blockchain that offers users a global decentralized library, and, at the same time, a market for the works of that library, whether books, videos, video games or any other type of digitalizable file. Its main aim is that creators can collect the profits they choose for their work, without intermediaries, while fans can see and acquire these works using the LBRY Credits (LBC), the native cryptocurrency of the platform.
At an initial price of INR 26.36 on 1 September 2017 LBC was fluctuating and finally traded at INR 14.87 on 30 September 2017.
LBC started off at INR 16.07 on 1 October 2017 and was reflecting at INR 9.16 on 30 October 2017.
LBC was INR 8.98 on 1 November 2017 and its price over the following weeks LBC was trading at INR 18.06 on 30 November 2017.
LBC started off at INR 16.09 on 1 December 2017 and quickly was seen trading at INR 51.03 on 31 December 2017.
LBC started off at INR 53.06 on 1 January 2018 and dipped downwards to INR 34.01 on 31 January 2018.
LBC started off at INR 35.84 on 1 February 2018 and again took a downward leap to INR 25.44 on 28 February 2018.
The truth is that blockchain technology could provide a solution to the critical issue of the relationship between companies and artists, organizational schemes where many intermediaries usually participate, which, after the whole process, grants artists only a small portion of the profits of his original work.
This is one of the reasons why LBRY started in May 2015, a platform based on blockchain that will give users a large library and decentralized market, as free and independent as bitcoin itself. It arises from the collaboration between a group of professional believers of the ideal brought by Satoshi Nakamoto, Jeremy Kauffman, Michael Zargham, Josh Finer, Alex Grintsvayg, Mike Vine, Jimmy Kiselak and Jack Robison.
LBRY plans to offer a worldwide digital marketing library of multimedia content, from books and movies to songs and video games. All controlled only by the users, they are the ones who will decide if their content will have a value and what value it will have, only they will be able to modify it or eliminate it, and the best part, is that only they will collect the profits without any intermediaries.
For this to be possible, the platform creates an association between a unique name claimed by the user and a fragment of digital content (a song, a movie, a book) as a decentralized protocol, in which only users can modify your domain names, without fearing any change to the rules, as could happen with Netflix, Apple or YouTube. hile there is a policy against inappropriate content and the exchange of illegal content, where offenders receive their respective sanctions, LBRY is designed, above all, to eliminate the existing gap between creators and end users.
LBRY developed its own cryptocurrency: the LBRY Credits (LBC) with which you can both acquire content and participate in an auction of names (which will be discussed immediately) and exchange them for another currency in the respective exchange houses.