It has millions of members and thousands of subscribers.
Live Current Media's Kast watch party platform is in the cross section of live streaming, gaming and remote collaboration. The platform features watch parties, video chat parties, game parties, and hangouts. Kast is all about playing, watching, and being together.
And it's timely. The online video streaming market is experiencing huge growth.
Kast has probably never been more relevant - or timely - than it is now.
Kast brings together two of the hottest tech trends driving the market right now: cloud-based video streaming and online gaming.
According to data gathered by Fortune Business Insights, the global video streaming market is projected to reach a staggering $842.93 billion by 2027, growing at an average annual compounded rate of 12% a year over the next five years. Video streaming in North America alone stood at $148 billion in 2019.
In addition to video streaming, the number of people involved in online gaming and eSports is expected to reach a staggering 1 billion this year. If these participants created their own country, only China with 1.4 billion people and India with 1.36 billion would be larger. In dollars and cents, the online gaming market is currently estimated to be worth some $178 billion worldwide with 48% of the revenue being derived from games on smart phones.