WEMARK : DECENTRALIZED MARKETPLACE FOR DIGITAL CONTENT

ijsera (34)in #blockchain • 6 years ago

The volume of photographs on the web is enormous. These images are not easy to come by as lots of effort and time are taken to create them either in the studio or on the field and produce a high-quality finish.

When it comes to the value of media content, especially images, their value is based on the size of the audience it has. So, photographers have to let it out to respective organizations or companies and as well pay a huge amount to the promotion of these photographs.

Presently, the stock photography industry is a billion dollar industry and as such, it is expected that the effort of these creators gets rewarded handsomely. However, the case seems to be converse. There are challenges that these creators are faced with that has become an obstacle to break even in this industry.

THE CHALLENGES
The stock photography industry is a centralized industry and as such it implies that there is a middle agent, the stock photography companies such as Crestock, 123rf and so on, between the creators and the audience or end user.

This centralized system, absolutely, has empowered these stock photography companies to control the system and received the most earning, the image network, leaving the creator with almost nothing but at the mercy of these companies.

To promote these images by reaching out to a wider audience, these stock companies charge an exorbitant fee from these creators so much that only about 15% of the worth of the images are left for the creators to earn.

With the centralized system in the industry, these creators are made to give out their rights, earnings and other benefits to these stock photography companies.

To sum it all, the huge challenges steers at creators are these middle agent created by the centralized system.

SOLUTION
To salvage this situation, the middle agents need to be eliminated. This can be achieved by a decentralized ecosytem.
When the middle agencies are removed, it is apparent that all the rights and privileges, the networks and access are direct to the content consumers.

WEMARK PROTOCOL

Wemark Protocol Project is an innovation that comes to the aid of image creators. The Wemark Protocol was developed with the concept of “distributed marketplace”.

This United States and Israel based company developed this project on blockchain technology, as it is of note, the blockchain technology is a decentralized technology. Invariably, the blockchain technology becomes the middle link between the creators and the end user.

Basically, the Wemark Protocol will provide a platform where image creators and consumers get to interact and the network.

The traditional centralized system, the middle agencies are responsible for the coverage and also offers a subscription to the user to have access without the input of the photographer.
With the Wemark Protocol, it becomes the converse. The project makes provision or strategies on how to images of creators can gain wider coverage and audience.

The Wemark Protocol project is very transparent and such can be easily trusted and very flexible to both photographers and end-users of the photography.

Wemark Protocol supports Ethereum blockchain, that is, it is compatible with the ERC20 wallet. Therefore, the medium of monetary exchange on the platform is Wemark Token (WMK). This token can also be Also, the project also supports SMART contract.

WEMARK TOKEN

Ticker: (WMK)
Total Token Supply: 135,000,000
Soft Cap: $1,500,000
Hard Cap: $8,000,000
Symbol: WMK
Type: ERC20
Price per Token: $0.20

In conclusion, Wemark protocol is a blessing to the photographer in this digital age. With the project, their effort will no longer be shared with the middle agent who contributes almost nothing to the success of the photographs. Furthermore, photographers can issue a license of their images directly to their customers without a middleman.

THE TEAM
Wemark project team are outstanding specialists with wealth of experiences in software engineering, blockchain, marketplaces and more. Visit Wemark official website link https://www.wemark.com/about to know more about the team.