Disrupting Stock Photography With The Power Of Blockchain!

So you are an experienced photographer, good! What are your primary income sources? Being contracted for events that require your skill set might be one way to do it, but ask any professional photographer, and he will tell you that it’s a tedious process and if you are not passionate about your work you might get burned out fast. Besides just taking the shots one has to go back at the studio and retouch every single photo, so they look top notch if you want to be in business for the long term.

Image credit

More and more professionals, however, have found relief in the stock photo platforms where they can upload they work, and people buy the rights to the photos so they can use them in their products. Good photographers can earn a top dollar if their work is of the highest possible as you only have to take the photo once and then you can sit back and cash in on the passive income generated by royalties.

Big stock photo companies know this very well though, and they do not give the full royalty to the author, while a sensible percentile is understandable for running the business. Most companies practice draconian rates like 70 to 80%, primarily leaving the creators with a measly 20% after which they also have to pay taxes. With the help of blockchain technology, however, a revolution has begun in this industry as well.

Wemark: the stock photo platform where you can earn up to 100% royalty!

That’s right! The team behind Wemark have developed a stock photo marketplace based on the blockchain technology where photographers sell directly to the requesters while cutting any middlemen and retaining the full ownership of their work enforced by the distributed ledger system. By storing all transactions on the blockchain based protocol, security breaches become a thing of the past as the platform is virtually uncrackable.

So what’s in it for the photographers?

• As Wemark is not an ordinary stock photo company, photographers get to license their work directly to the customers, thus allowing the platform to practice competitive prices.
• All professionals receive an unparalleled level of security support and transaction transparency enforced by the blockchain architecture.
• The payment will be processed via the Wenmark proprietary digital currency. Using this cryptocurrency will enable photographers and customers to sustain the platform.

More so, if you decide to participate on the platform starting May 2018, the early adopters of the platform will retain 100% of the earned royalties on the first 500 photos uploaded.

The Wemark Token Economics (WMK)

As the WMK token is based on the ERC20 architecture, users will leverage the power of Smart Contracts to make the ecosystem a sustainable business model. The total supply of tokens is 135 million with soft cap set at 1.5 million USD and a hard cap of 8 million USD. The set price per token is 0.20 USD. Go to https://tge.wemark.com/, ANN/Bounty Thread, Telegram for more details!