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LBRY in 2017/2018: Looking Back and Moving Forward
---
author: jeremy-kauffman
title: Looking Back and Moving Forward: LBRY in 2017/2018
date: '2018-01-31 12:00:00'
cover: 'recap-cover.jpg'
---
In the blockchain space, LBRY is an anomaly.
While many blockchain companies seem to exist exclusively to convert PDF-based promises into large sums of money, the LBRY team has relentlessly focused on creating a working product that is actually used by human beings.
As a result, LBRY has one of the most advanced and usable blockchain platforms in existence. We achieved a number of technical and business milestones in 2017 and expect to accomplish much more in 2018. Here’s a look at the past year as well as what’s up next.
As a result, LBRY has one of the most advanced and usable blockchain platforms in existence. We reached a number of technical and business milestones in 2017 and expect to accomplish much more in 2018.
Here’s a look at the past year as well as what’s up next.
![LBRY](https://spee.ch/2/LBRY-letters.jpeg)
# LBRY in 2017
LBRY entered 2017 with a live blockchain, a private alpha product, and just a few people working full time on the project. Here’s some of what we accomplished in 2017:
LBRY entered 2017 with a live blockchain, a private alpha product, and just a few people working full time on the project.
Here’s some of what we accomplished in 2017:
* LBRY released its first stand-alone graphical app in February of 2017. This app was a closed beta (though the miner and network tools were publicly available).
@ -32,6 +43,8 @@ LBRY entered 2017 with a live blockchain, a private alpha product, and just a fe
Perhaps most impressively, LBRY has accomplished all of this for approximately $600,000 and a few million LBC. We will be expanding significantly into 2018 and expect to deliver commensurate results.
![LBRY team](https://spee.ch/5/Jeremy-w-crowd.jpeg)
# LBRY in 2018
As you can see, 2017 was a good year for us. But we have ambitious plans to make 2018 a spectacular year for the LBRY app and protocol. You’ll find the broad strokes of our plan below.
@ -72,6 +85,8 @@ Additionally, LBRY has already seen code contributions from over one hundred peo
5. If you want to look at all of our development and business priorities in one place, take a look at our [updated roadmap](lbry.io/roadmap).
![Akinwale](https://spee.ch/e/Akinwale.jpeg)
## C. User Friendliness
LBRY is already one of the most popular consumer-targeted blockchain products. However, it could be used by even more people if the product was more user-friendly, available on more platforms, and more welcoming to new users.
@ -86,7 +101,7 @@ LBRY is already one of the most popular consumer-targeted blockchain products. H
4. Continue to round out feature set (All of 2018).
D. Economics
## D. Economics
Last year approximately $5-$10mm of new LBRY credits came into existence and were awarded to miners. Assuming miners are not making substantial profits, this means a similar amount of money was spent securing the LBRY blockchain.
@ -110,6 +125,7 @@ As always, you can keep up with how we spend LBC by looking at our [quarterly Cr
Having thousands of YouTubers adopt LBRY, including dozens of top streamers (despite the early stage of the product) shows the massive demand for content freedom.
By improving and streamlining the on-boarding and publishing process for creators, we can attract a massive amount of content.
We expect to on board more than ten times the creators we did last year and to get approximately ten million LBRY credits into the hands of creators in 2018.
@ -118,9 +134,11 @@ We expect to on board more than ten times the creators we did last year and to g
1. Formalizing offerings to streamers. Debut new website and materials around campaign (Q1 2018).
2. Debut film and television content from [a "Big 6" Studio](https://en.wikipedia.org/wiki/Major_film_studio#Current)
2. Debut film and television content from [a "Big 6" Studio](https://en.wikipedia.org/wiki/Major_film_studio#Current).
3. Attend major and minor creator events, such as film festivals and conferences, continuing to establish LBRY as a viable alternative to centralized distribution (All of 2018, starting with Sundance)
3. Attend major and minor creator events, such as film festivals and conferences, continuing to establish LBRY as a viable alternative to centralized distribution (All of 2018, starting with Sundance).
![Sundance Midnight Shorts](https://spee.ch/5/Directors-of-Midnight-Shorts.jpeg)
## F. Community Initiatives