Wemark – Disrupting the Centralized Digital Content Marketplace

cryptocoinews (54)in #bitcoin • 7 years ago

Previously, you have read about the advantages of Wemark for photographers. Besides, the market opportunity is also described. In order to run the platform to support content creators obtain their right, Wemark uses an approach called decentralized approach which is explained below.

Wemark Approach

Do you know how many content creators and customers are there in the world? There are millions of content creators with billions of customers. However, not more than 100 companies control most of its distribution. Creators lose not only their rights to be able to fully control their content but they also lose big parts of their royalty. The decentralization for the digital content space is indeed required. A decentralized approach will enable creators to do transaction directly and through a decentralized market, other parties can work together to improve content discovery.

Decentralization is the core approach of Wemark. It will be done gradually, little by little, along with the maturity of blockchain technology. Later in the future, it is expected that full decentralization can be achieved. It is the time when all decisions are the community.

Why Using Wemark

There are many reasons for photographers, customers, and other users to join Wemark platform. First, the platform offers a high level of transparency and trust. All contents and their licenses are stored on an immutable blockchain. Transparency and privacy can be established because the immutable database applies a combination of anonymous and identified data. Besides, the transaction data bring clarity as they are recorded every hour.

Second, photographers are in control. In the system, there is no central agency which sets a price. Instead, the prices are all set by photographers. The photographers have the right to set the price of every photo thus they have the opportunity to optimize their revenue. Being able to control over their content means they precisely know who license their photos and the price they pay.

Wemark also supports alignments of interests which means Wemark will always try to get more money for photographers.

How to Use Wemark

It is very easy and simple to create Wemark account. There are clear steps to follow and it takes not more than three minutes to complete. After your account is created, you can start uploading your works. You can earn 85% lifetime royalties for uploading the photo. The next step is ID verification. You can verify your ID by scanning your ID. Acceptable IDs include government’s ID, passport, or driving licenses. The last step is to send the account you have made and the photos you have uploaded to be reviewed by Wemark.

ICO Token Schedule

The Token Generation Event (TGE) for Wemark tokens (WMK) will be held on 24th July 2018. The closing date will be on 7th August 2018. It means that the sale period will last for only two weeks. It will even finish earlier if $ 8 M hard cap has been reached. During the two weeks sale period, some funds will be raised. These funds will be allocated mainly for the growth of the platform.