We have seen recent growths in adopting of the digital way of life across the world. This has also resulted in an increase in the amount of digital content being consumed by people.
The digital contents which have exploded in huge amounts include such contents as photos, video, and music. The value of the stock photography industry alone is valued at over $4 billion (U.S. dollar).
However, the digital content space is faced with a number of challenges. Some of the challenges include the increasing centralization of the digital content market. This can be seen in the small number of companies that control digital content distribution.
This makes it difficult for the content creators to benefit fully from their content as they usually have to sign away control and the rights to their content to giant content distribution companies and are only left with a small amount of the revenues generated from their content.
Another challenge is the high fees which content creators are charged by the content distributors. Some content platforms charge content creators as much as 75% of the revenue generated by their content on their platform.
Another challenge is the lack of a marketplace which protects the interests of creators.
To deal with these challenges, the digital content market needs to be liberalized and decentralized through the use of technology.
The Wemark Solution
To solve the exigencies for a better digital content market, Wemark has designed a solution which is based on the Ethereum blockchain technology.
Through its platform, Wemark would be providing a network for self-distribution allowing content creators to sell the rights to their content directly to customers.
Also, Wemark would be developing a marketplace for digital content thereby putting the power over their content in the hands of the creators and eliminating completely the role of middlemen thereby ensuring that all parties including creators, customers, and distributors receive the right value.
Transactions on the platform are through smart contract making them transparent and secure.
Wemark has developed an ERC20 standard token. The token ticker is WMK. The Wemark Token has a total supply of 135,000,000 WMK.
The Wemark token generation event would start on the 24th of July 2018 and end on August 7th, 2018. The accepted currency is Ethereum (ETH). For 1 ETH, you can get 2,375 WMK tokens.
Wemark Founding Team
The Wemark founding team comprises professionals with years of experience. The founding team members of the Wemark team are Tai Kaish, who is a Co-founder and CEO with 10 years of experience in digital marketing.
Pavel Elkind, he is a Co-founder and the project CTO. He has over 10 years experience in software engineering and management.
Roy Meirom is a Co-founder and the VP of Business Development. He is a serial entrepreneur.
When we consider the enormous value which content creators bring and their contributions to the digital content market one can't help but agree to the development of a decentralized platform which Wemark is doing. website whitepaper telegram twitter facebook bitcointalk ANN bitcointalk bounty
Author - Coltpython