Joystream Price

Joystream is a decentralized L1 blockchain and video platform protocol, positioned as the leading Web3 social platform focused on video content. It offers innovative features like social tokens, video NFTs, a public social graph, built-in content storage and delivery, and an active DAO. The project has seen impressive growth through its Creator Partner Program, which incentivizes creators to synchronize their YouTube content to the Joystream platform. Launched in December 2022 after 4 years of development, Joystream has secured over $13 million in venture capital funding from prominent investors. As of 2025-08-31, JOYSTREAM is ranked #2836 with a price of $0.00104 and a 24-hour trading volume of $17.3K. The current market cap stands at $1.13M with a circulating supply of 1.08B JOYSTREAM JOYSTREAM tokens. Joystream aims to revolutionize content creation and distribution in the Web3 space, providing creators with more control and monetization opportunities. Its all-time high was $0.057 on December 28, 2023, while its all-time low was $0.000902 on March 17, 2025. With its innovative approach to social media and content sharing, Joystream is positioned for potential growth in the evolving digital landscape.

Joystream was created in December 2022. The project launched its mainnet on December 22, 2022 after 4 years of intensive development. Prior to the mainnet launch, Joystream had received over $13 million in venture capital funding from notable investors. Since its creation, Joystream has established itself as a leading video-focused Web3 social platform, offering innovative features like social tokens, video NFTs, and a decentralized autonomous organization (DAO). The project has seen significant growth, particularly through its Creator Partner Program, which incentivizes content creators to synchronize their YouTube content to the Joystream platform.

Joystream was founded by a team of blockchain enthusiasts and developers led by Bedeho Mender. Bedeho Mender is the founder and CEO of Jsgenesis, the company behind Joystream's development. The project began in 2018 with the goal of creating a decentralized video platform and content distribution network. While Bedeho Mender is the primary public face of the project, Joystream was developed by a distributed team of contributors rather than having traditional 'founders' in the conventional sense. The project has received backing from notable investors in the crypto space, including Digital Currency Group and Hypersphere Ventures, helping fuel its development leading up to the mainnet launch in December 2022.

Joystream operates as a decentralized video platform protocol built on its own L1 blockchain. Key features include: 1. Social tokens: Users can create and trade tokens tied to their content or channels. 2. Video NFTs: Creators can mint their videos as unique digital assets. 3. Public social graph: Enables decentralized social connections and discovery. 4. Built-in content storage and delivery: Provides infrastructure for hosting and streaming videos. 5. Active DAO governance: Community members participate in decision-making. 6. Creator Partner Program: Incentivizes creators to sync content from YouTube, driving rapid growth. The JOYSTREAM token is used for governance, staking, and transactions within the ecosystem. With a current price of $0.00104 and market cap of $1.13M, Joystream aims to revolutionize video content creation and distribution in the Web3 space. The project launched its mainnet in December 2022 after 4 years of development and has secured over $13 million in venture funding from notable investors.

Joystream utilizes a Layer 1 blockchain architecture built on Substrate, the same framework used by Polkadot. This provides a scalable and interoperable foundation for the platform. Key technical components include: 1. Custom runtime modules for video content management and tokenization 2. Built-in content storage and delivery network 3. Public social graph infrastructure 4. DAO governance system 5. Social token and video NFT capabilities The blockchain uses a Nominated Proof-of-Stake (NPoS) consensus mechanism for security and decentralization. Smart contract functionality is supported through WebAssembly (Wasm). The network can process thousands of transactions per second with fast finality. Joystream's architecture is designed to support its vision as a decentralized video platform, with features like content monetization, creator rewards, and community governance baked into the protocol layer. This allows for a more efficient and user-centric experience compared to traditional Web2 video platforms. The project team continues to enhance the technical infrastructure, with ongoing development focused on scaling, cross-chain interoperability, and advanced content delivery optimizations.

Joystream has an ambitious roadmap for the future. Key milestones include: 2025: Expanding the Creator Partner Program to onboard more content creators and increase video uploads. Enhancing social features and NFT functionality. 2026: Launching improved content discovery algorithms and recommendation systems. Implementing advanced DAO governance mechanisms. 2027: Introducing new monetization options for creators, including tipping and subscription models. Expanding cross-chain interoperability. 2030: Aiming to become a leading decentralized video platform with millions of active users. Developing AI-powered content moderation and curation tools. 2035: Establishing Joystream as a mainstream alternative to centralized video platforms. Exploring integration with emerging technologies like VR/AR. The team is focused on sustainable growth and continuous improvement of the platform's infrastructure and user experience. With strong VC backing and an active community, Joystream is well-positioned to achieve its long-term vision of revolutionizing content creation and distribution in the Web3 era.