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Your idea of blockchain-based livestreaming with direct creator monetization falls into a 'Minimal Signal' category, meaning there isn't a lot of established market activity for this specific combination. This could be because it's a very niche problem, or perhaps not seen as critical by many right now. Only one similar product was found, so we can't be certain. Engagement with the one comparable product is low. You'll need to focus on demonstrating that there's a real demand for your solution before investing too heavily in development. The 'Minimal Signal' category suggests validating the core need before proceeding further, as there may not be a large enough problem.

Recommendations

1. Given the 'Minimal Signal' classification, your first step should be to actively seek out and engage with your target audience. Identify online communities, forums, or social media groups where potential content creators and viewers congregate. Share your vision for blockchain livestreaming and gauge their interest in a platform that prioritizes direct monetization and control, in line with the example of pay-per-view options in similar ventures.
2. Before building anything complex, offer a 'manual' version of your service to a small group (2-3) of potential users. This could involve setting up a basic livestream using existing tools (e.g., YouTube Live, Twitch) but managing the payment aspect manually using a payment service and communicate through a Discord or Slack group. This will give you first hand data on the challenges, pain points, and necessary feature-set that can improve product-market fit early, just like one similar venture, where pay-per-view was an important feature.
3. Create a short, compelling explainer video that clearly outlines the benefits of your blockchain livestreaming platform for both creators and viewers. Focus on the aspects that differentiate you: direct monetization, no algorithmic manipulation, true ownership. Use the video as a tool to collect emails or generate early sign-ups.
4. Gauge commitment by asking interested individuals for a small, non-refundable deposit to join a waiting list or beta program. This signals serious interest and can provide early funding for initial development. It also helps you prioritize your efforts based on those most willing to invest in your solution.
5. If, after three weeks of dedicated effort, you cannot identify at least five individuals truly interested in your solution, reconsider the core assumptions of your idea. It may be necessary to significantly pivot or postpone the project until market conditions are more favorable. This is the most important signal you can receive early.

Questions

1. What are the specific pain points content creators experience with existing platforms that blockchain-based livestreaming directly addresses, and how can you quantitatively prove these issues are significant enough to drive adoption?
2. Considering the technical expertise required for blockchain integration, how will you ensure the platform is accessible and user-friendly for both creators and viewers who may not be familiar with blockchain technology?
3. Given the competition from established livestreaming platforms with vast user bases, what is your compelling "hook" or unique value proposition that will attract both creators and viewers to your platform, and how will you communicate this effectively?