ThreeD Capital Celebrates TODAQ Micro's Innovative Milestone
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Exciting Developments for ThreeD Capital and TODAQ Micro
ThreeD Capital Inc. (“ThreeD”) (CSE:IDK) (OTCQX:IDKFF) is thrilled to announce its continued investment in TODAQ Micro Inc. as the company marks a significant milestone with the commercialization of its pioneering technology. As a Canadian-based venture capital firm specializing in opportunistic investments, ThreeD has a keen eye on the junior resources and disruptive technologies sectors.
TODAQ Micro's Groundbreaking Technology Launch
As an investor in TODAQ Micro, ThreeD Capital owns notable assets, including 478,739 preferred shares in TODAQ Holdings Inc., the parent company of TODAQ Micro. Furthermore, ThreeD possesses five TODA Note Royalty Certificates (TDN Royalties) valued at an impressive USD $279,613,283. These TDN Royalties allow holders to receive payments through their micropayment node based on set terms.
Introduction of TAPP Micro-Payment Solutions
TODAQ Micro is set to unveil its innovative TAPPTM micropayments solution, designed to improve efficiencies across the bustling digital economy. This solution aims to tackle the long-standing challenges faced by consumers and content producers alike.
Transforming the Entertainment Sector
The transformation begins within the entertainment industry with the launch of Truce Plus (Truce+), a platform aiming to create a “fair trade Netflix” experience. Content creators, including producers and studios, are often confronted with various hurdles when accessing traditional streaming platforms. These hurdles range from unfavorable payment models to a diminished connection with viewers.
With the incorporation of micropayments in Truce+, TODAQ Micro enables content owners to engage directly with consumers, allowing immediate payment for renting or purchasing films and shows without cumbersome subscriptions. This instant payment system not only benefits content producers who receive payments in real-time but also streamlines revenue distribution to all parties involved.
Market Potential and Industry Trends
The global video streaming market is projected to reach USD 674 billion in 2024, skyrocketing to USD 2,661 billion by 2032, signaling an annual growth rate of 18.7%. By tapping into this lucrative market, TAPP has the potential to redefine the consumer experience and expand market accessibility.
CEO’s Vision for TAPP
Hassan Khan, CEO of TODAQ Micro, emphasized the extraordinary potential of their technology, stating, “There are almost too many places TAPP can be applied. Given the massive size and growth rate of the streaming industry, it was a natural first place to focus.” This sentiment underscores the opportunity for disruption and growth within the market, addressing the needs of both fatigued consumers and content producers seeking fair deals.
Strategic Partnerships and Technological Innovations
TODAQ Micro has made significant strides within the tech landscape. They were recently recognized as one of Canada’s Top 8 FinTech Startups and participated in the Canadian Technology Accelerator Program in Silicon Valley. Additionally, the partnership with Oracle, finalized in 2024, positions the company to scale effectively while simultaneously offering groundbreaking solutions within the streaming industry.
Pioneering Solutions for Microtransactions
TODAQ Micro has successfully introduced technology on Oracle Cloud Infrastructure (OCI), proving the ability to conduct multi-cloud transactions and eliminate reliance on traditional payment systems. This significant development allows clients to monetize micro-services more effectively without imposing subscription fees.
Eliminating Barriers to Online Payments
TODAQ Micro’s resilience in developing secure online payment solutions allows for a checkout process within just five seconds. This groundbreaking approach supports microtransactions under one dollar through innovative protocols, ensuring seamless interactions.
A Collaborative Effort Toward Innovation
The framework of their technology arose from an extensive six-year collaboration with Cambridge University’s Centre for Redecentralization and received support from UK Research and Innovation. The result is TAPP, an application strategically developed to coexist within existing web protocols, redefining the standards for digital asset transactions.
ThreeD Capital's Role and Future Outlook
Sheldon Inwentash, Chairman and CEO of ThreeD Capital, expressed enthusiasm for TODAQ Micro’s achievements, acknowledging their pioneering advancements and partnerships. With a firm belief in the disruption potential of TODAQ Micro, Inwentash looks forward to the ongoing growth and innovation within the organization.
Frequently Asked Questions
What is ThreeD Capital’s involvement with TODAQ Micro?
ThreeD Capital is an investor in TODAQ Micro, holding a significant number of preferred shares and TDN Royalties, showcasing strong support for the company’s initiatives.
What is the main purpose of the TAPP micropayment solution?
TAPP aims to enhance digital transactions in the entertainment sector by enabling instant payments, allowing consumers to access content without traditional subscription barriers.
How is the global video streaming market projected to grow?
The video streaming market is set to expand significantly, growing from USD 674 billion in 2024 to USD 2,661 billion by 2032, largely due to increased demand for streaming services.
What technology does TODAQ Micro utilize for its transactions?
TODAQ Micro uses a unique Web Application Protocol called ADOT to facilitate secure and efficient microtransactions directly, eliminating the need for traditional payment processors.
What future developments can we expect from TODAQ Micro?
With strategic partnerships and technological innovations in place, TODAQ Micro is poised for significant growth and disruption, particularly in the digital content distribution space.
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