Weekly Roundup #44: A Deep Dive into Joystream's Dynamic Week

3 min readJun 12, 2024

Introduction: What Makes a Community Thrive?

Have you ever wondered what drives the heartbeat of a thriving decentralized community? It’s a combination of innovation, active participation, and continuous growth. This week, JoystreamDao continues to push the boundaries of what’s possible in a decentralized video platform.

Let’s dive into the highlights from June 2, 2024, to June 9, 2024, and see how our community has flourished.

Key Metrics and Tokenomics

Blockchain Overview

- Start Block: 7,765,243
- End Block: 7,866,043

Tokenomics

- Total Supply: 1,066,189,902.321 JOY
- JOY Inflation (Past 12 Months): 4.751%
- Circulating Supply: 926,224,555 JOY

DAO Spending

- Start Issuance: 1,062,505,649.378 JOY
- End Issuance: 1,066,189,902.321 JOY
- Total Minted (Net): 3,684,252.943 JOY
- Council Rewards: 116,666.667 JOY
- WG Spent: 3,104,623.995 JOY
- Funding Proposals: 166,666 JOY
- Validator Rewards: 299,372 JOY
- Fees and Token Burn: (3,075.719) JOY

Content Growth and Engagement

Videos

- Total Videos: 1,352,312
- Weekly Videos Growth: 9,285 (0.7%)

Channels

- Total Channels: 28,534
- Weekly Channels Growth: 374 (1.33%)

Media Storage

- Total Storage Used: 99,614.505 GB
- Weekly Storage Used Growth: 1,007.519 GB (1.011%)

Video NFTs

- Total NFTs: 5,969
- Weekly NFT Growth: 56 (0.95%)
- Weekly NFT Sold: 3

Membership

- Total Membership Accounts: 61,637
- Weekly Membership Accounts Growth: 845 (1.39%)

Product Releases

Atlas 5.3.0 is Now Live

- Added:
- Optimistic video updates
- Fixed:
- Portfolio table actions
- Correct potential revenue share on portfolio
- Small UI fixes
- Changed:
- Make rewards drawers initially collapsed
- Separate marketplace into two pages

Roadmap and Strategic Initiatives

- Q2 2024 OKRs - V1:

https://pioneerapp.xyz/#/proposals/preview/900

- Roadmap:

https://www.joystream.org/roadmap?filename=2024%20v3#head

Events and Community Engagement

Upcoming Events

- DAO Daily Standup: Every weekday at 08:30 am UTC
- Weekly Marketing Call:

https://discord.gg/4y3CARNX?event=1242525694538289274

- Weekly Gleev/YPP Call

https://discord.gg/4y3CARNX?event=1242163310103625808

Recent Events

- End of Council Term 33/Start of Term 34:

https://pioneerapp.xyz/#/election/past-elections/0000000y
- Joystream Strategy Meeting:

https://www.notion.so/Joystream-Strategy-Meeting-cdca2499996d42b39c2f025f9ad0e190?pvs=21
- 34th Council Handover Meeting

Hot Topics in the Forum

- Argo Bridge Parameters:

https://pioneerapp.xyz/#/forum/thread/920
- Proposal for Revolutionary Change to Joy Platform:

https://pioneerapp.xyz/#/forum/thread/921
- Roadmap v4:

https://pioneerapp.xyz/#/forum/thread/923

Open Positions

- Gateway Operator:

https://pioneerapp.xyz/#/working-groups/openings/appWorkingGroup-3

- Content Marketing Manager:

https://pioneerapp.xyz/#/working-groups/openings/operationsWorkingGroupGamma-24

- Storage WG Worker (Waiting List):

https://pioneerapp.xyz/#/working-groups/openings/storageWorkingGroup-36

- Storage Clustering Solution Architect:

https://pioneerapp.xyz/#/working-groups/openings/storageWorkingGroup-36

- Apps WG Lead Temporary Opening:

https://pioneerapp.xyz/#/working-groups/openings/appWorkingGroup-12

Council Election: Round 35

- Stage: Idle period (Announcing begins in 9d 4h)

Proposals

Passed

- Petra Runtime Upgrade Contents:

https://pioneerapp.xyz/#/proposals/preview/904
- Refill The Faucet:

https://pioneerapp.xyz/#/proposals/preview/907

Not Passed
- Q2 2024 MWG OKRs V2:

https://pioneerapp.xyz/#/proposals/preview/908

Deciding
- Upgrade Runtime To Petra:

https://pioneerapp.xyz/#/proposals/preview/905

Gracing
- 2x Council Reward:

https://pioneerapp.xyz/#/proposals/preview/890

Rockstars of the Week

Brandon (B$)

A distinguished creator and active member of the Joystream community, Brandon (B$) serves as an ambassador, showcasing significant engagement and participation. His invaluable proposal on Joystream’s growth at the recent strategy meeting has set a new direction for our community.

Notable Content Creators

Porcayo

Porcayo is dedicated to analyzing and reacting to performances by great singers of the 20th and 21st centuries. His insights into vocal techniques and classic and contemporary singers make his channel a treasure trove for music enthusiasts.

ZIgred

Specializing in creating rap battles and epic rap duels featuring iconic characters, ZIgred collaborates with various artists to produce high-energy content. His channel is a must-visit for fans of pop culture and music.

Rebirssh

Rebirssh summarizes popular anime series and movies, highlighting key plot points and character developments. His detailed breakdowns make complex narratives accessible, catering to anime fans across various genres.

Conclusion: A Week of Progress and Promise

As we wrap up Weekly Roundup #44, it’s clear that Joystream is not just growing but thriving. With significant metrics, innovative product releases, and active community engagement, the platform continues to set new standards in the decentralized video ecosystem.

Stay tuned for more updates, and let's keep pushing the boundaries together!

Join the conversation and be part of our journey. The future of decentralized content creation is here, and it’s powered by you.

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