The blockchain technology is one of the most amazing discoveries of the 21st century. With its help, human activity acquires its true value and relations between people become more open and confidential. Unfortunately, there are still a lot of industries in the world where the power is entirely concentrated in the hands of large corporations, while the interests of people are almost not taken into consideration. Today we are gonna to talk about the digital media market, the difficulties experienced by content creators and how the new Wemark project can help overcome them.
What is Wemark?
Wemark is a new trading platform for digital content based on blockchain technology. Originally, Wemark will be focused on stock photography, but due to the fact it is based on a special protocol the system allows you to create decentralized markets for any type of content.
What problems does Wemark solve?
1) Loss of revenue: Stock photography market exceeds $ 4 billion, but how much do authors actually earn? Large companies such as Shutterstock and Getty charge photographers up to 85% of sale interest, although they do not create anything themselves. Wemark relieves authors of exorbitant commissions, leaving to itself only 15% and provides stable and unchanged conditions fixed on the blockchain.
2) Loss of control: Cooperating with modern agencies authors lose not only money, but also the rights to their work, including pricing management and the right to licensing. Wemark hands over power to the content creator, provides many options for price selection and decides whether to sale or license only with the approval of the photographer.
3) Loss of trust and transparency: Unlike the majority of trading platforms that can be easily manipulated, Wemark is built on a blockchain, which makes it is open, autonomous and impartial.
WMK token properties and its role in the Wemark ecosystem
The WMK token is the internal currency of the platform. Authors will be able to receive payments directly from their customers and the most active users will be able to earn WMK for the distribution and promotion of content. WMK also allows direct licensing of content between creators and clients, eliminating unnecessary agents.However, these are only current WMK functions. Developers emphasized the need to expand the scope of application of the token and increase its relevance. I’m particularly interested in their idea of
creating partial ownership.
Therefore, authors will be able to provide some rights to other participants in the process, such as models or editors, who have contributed to the creation of the product. As a result we will get a fair economic model, where each party is rewarded in accordance with its efforts.
Team and partners of the project
Wemark is a team of professionals from the USA and Israel with long experience in the field of Digital Marketing, software, cryptography, design, cybersecurity and other industries.
They also managed to enlist the support of many influential people and organizations in the field of photo industry, blockchain technology and online markets.
What is the current state of the project?
The market of cryptocurrency is still very young and often many of its players overestimate their own capabilities. We meet interesting ideas everyday, however most of the projects are unable to turn their ideas into practice. What makes Wemark different? Firstly, Wemark team has been working hard last year on creating a working platform and has managed to attract the attention of thousands of professional photographers. Secondly, they received funding of $ 1 million from the largest venture capital funds of the United States and Israel, which has been a clear sign of investor confidence.
Thirdly, an alpha version of the work platform will be released in June this year, so users and investors do not have to wait long to see the results of their investments.
Conclusions:
Wemark is an ambitious and promising project that has a strong team for my taste. It solves an important problem and has the potential to become one of the tomorrow’s leaders in the field of digital content industry.TGE strats very soon. If you want to participate, invest or learn more about the project, please follow the links below.
TGE website: https://tge.wemark.com
Wemark Marketplace : https://www.wemark.com
Telegram group: https://t.me/wemark
ANN Thread: https://bitcointalk.org/index.php?topic=3347524.0
Bounty Thread: https://bitcointalk.org/index.php?topic=3293253.0