Where does the name Rakugo come from?
Does it mean something related to your project?
Can you give us some points on how the individuals from the publishing industry will be knowledgeable in crypto, as they are your target customers here?
Hi there, thanks for the questions. The name comes from the Japanese word Rakugo (The Art of Storytelling) which we thought was apt given that we are building a platform that allows publishers to showcase and tell their stories.
We are designing the product and UI/UX so there will be little to no barrier to entry for people who have no experience in crypto and knowledge of crypto will not be needed to publish on Rakugo. Therefore, publishers on the platform will not need to have deep experience in crypto to benefit from its features. Royalty payments will be made in cryptocurrency and we will be partnering with payment processors to offer different payout options for publishers where they want it. We expect to have to work on education and onboarding for some of the deeper features in the product such as the marketplace. We think that there is a great opportunity for a company to build blockchain intrinsically into a product in the way that we are that gives a steady on-ramp for new people getting exposure to cryptocurrency.
Thanks for the questions and I think that it is worth doing a blog post on the question you asked. I will a write and post one this week and publish a more in depth answer to your question. Feel free to join our Slack or Telegram to get in touch directly.
Brendan
Thanks for answering my queries.
A big challenge is ahead of your team as most of the people working in the publishing industry has very little to zero knowledge in crypto.
So you need to design your product that will be easily understood by them and should not be an additional burden from their already tedious jobs.
Good luck then!
No problem at all, its great to have questions! We are designing the product to have two tiers of user experience.
Tier 1 will be a fully integrated experience for the user, whereby the benefits of being built on blockchain are an implicit and integrated feature in the product. This will mean that users will start to understand what blockchain technology is by experiencing its benefits as an integral part of using our platform. We can see a huge opportunity here for education and user adoption into the blockchain space on a mass scale.
Tier 2 will be for power users, people more familiar with blockchain technology, and enterprise publishers (we are in discussions with one of the biggest publishers in the US about forming a development partnership at the moment). These people will be able to access the platform through public APIs leverage off-platform wallets such as Mist/Parity/MEW etc to interact with our platform.
If you have any other questions please send them my way!
Kind regards,
Brendan