WEMARK: INNOVATIVE PLATFORM FOR SHARING QUALITY DIGITAL CONTENTS

flezy (40)in #ico • 6 years ago (edited)

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INTRODUCTION

It could be frustrating when content creators struggle to make useful and quality photos, music and videos that will attract end-users only to have it duplicated and eventually the bulk of the profit goes to the pirates.
Additionally, content creators spend a lot trying to make worthwhile projects but if the contents are not properly protected, they could be duplicated by saboteurs and they’ll get nothing for the duplicated copies. Therefore, any typical content creator is on the move to sell his work out to the widest audience as soon as he can.
Mass-circulating high-quality content takes careful and strategic planning. Getting the content across to so many people must and securing the maximum profit margin needs to be carefully juxtaposed.
There are copyright laws that content creators can leverage on to share their work with third-parties and end-users while they make their own profit as compensation for the time and resource spent in making the content.

HOW CONTENT CREATORS SHARE THEIR WORK CURRENTLY

As it stands now, content creators can partner directly with end-users to share their contents for sale or submit such content to an online pool of contents where they give up the copyright to help them share it.
However, content creators are more inclined to giving their work to online marketplaces that have a trademark, so they can make their own profits from the brand name. But the fact is, either way, the content creators are losing.
If they choose to distribute their contents by themselves, they’ll spend a fortune and encounter difficulties trying to compete with established agencies who have the economic wherewithal to do the marketing.
The other alternative which is giving the finished work to the content marketplace is also not set-up to favour the creators either. They collect the contents, give a token to the owners and maximize profit at the expense of the original content creators. This leaves the owner of the work with less revenue and authority over the work he authored.

SOLUTION PROPOSED BY WEMARK

Wemark presents a disaggregated system to digital content where content creators issue their contents straight to users and yet retain the copyright over their contents. With Wemark platform, content creators get to know who licensed their work and can regulate the price of the work.
On the network, the sharing formula and the fees levied are not alterable such that the marketplaces will have to enter into an agreement with the content creators before they are allowed to share the contents.
In the agreement to be signed by the marketplaces, the estimate of the fees to be paid, the nature of the license to be granted as well as the fees payable to the platform are well spelt out. This agreement cannot be changed without the express permission of every party involved in the transaction.
Wemark uses a blockchain-oriented protocol to build a community of content creators and marketplace owners where digital contents can be easily sourced and the platform gets compensated using the WMK token for offering such services.

WEMARK TOKEN

The Wemark token is an ERC20 token and it is used to drive the economy for digital contents. The WMK tokens are a local payment currency on the platform. It is Ethereum-based and used for every transaction on the platform. The total token supply of WMK is 135,000,000.

CONCLUSION

For long, contents creators have been losing tremendously due to lack of the effective channel of distribution. Wemark presents a blockchain-based disaggregated market where marketplaces and content creators enter into a mutual agreement on how to sell the content at a reasonable profit for the creators without jeopardizing the gains of the marketplaces as well.

THE FOUNDERS AND TEAM