The problem Nekomimi solves

The platform is designed to be a decentralized content creator's hub which would offer them the quirks of Web3 with the ease of YouTube or TikTok with the added advantage of better pay ;).
The idea is that every time user connects their wallet, they have a chance to register as a Content creator or be just a viewer. To become a content creator, the user would have to KYC with us (we know it's opposed to the tenet of anonymity but we also need to acknowledge that video content can have far-reaching negative implications - the KYC would just be a safeguard against that).
Every content creator receives an ERC721 type contract deployed on Polygon. Every video is essentially an ERC 721 NFT with a unique token ID combining the indexing of the token contract's counter and the address of the creator.
We introduce the concept of Tiers in our project which would help content creators cater to different suites of viewers (imagine Patreon). Further, this is discussed in our sister project Torikae.
Our revenue model is based on ads and token-based subscriptions where the creators earn 95% from the ads and 5% of the earning comes to us (as opposed to taking a whopping 55% chunk of the pie).
Whenever a content creator creates an ERC20 type token for a Patron-like tier system of viewership, 10% of the total supply is locked with us which is then offered as a buyback to the user or if required/requested by the user, released into the ecosystem to tackle inflation.
The revenue from these sources is used to pay our team and as a decentralized VC fund based on a DAO model where the governance token holders (TBD) can vote on the direction of the investment.

Challenges we ran into

1. We are trying to use Unity3D to build a VR environment that enables users to consume content with a theatrical experience. However, there is a lack of SDKs that can enable direct video streaming inside Unity3D.
2. Since the project has many components, we were not able to complete it in the given time frame.
3. Developing a functional revenue model to sustain the project.