Wemark A Different Type of Stock Photography Market.

Hello good morning friends and lovers of photography here I bring you a project just right for you to invest with love and is that Wemark is the blockchain-based marketplace for digital content, starting with photos. The amount of digital content, such as photos, music and video, has skyrocketed in recent years. However, it has become a super-centralized market with a small number of companies controlling most of the distribution. This means that creators must cede rights and control over their content, along with a large percentage of the revenue generated by their content, in order to participate.

Wemark licenses and downloads amazing photos taken by professional photographers. From low cost photos to exclusive content: get the best rate photos. Supporting photographers: Licensing photos directly from the creators means that they can keep much more of their work.

Characteristics

Wemark is not a stock photography agency

Photographers license their photography directly to clients without any intermediaries involved, so clients get better prices.

Photographers earn more for their work

Wemark sets a new standard for stock photography royalties: photographers keep 85% of the photo's sale price.

New level of transparency, driven by blockchain

The Wemark protocol, driven by the Ethereum chain of blocks, ensures a higher level of transparency. All transactions and licenses are recorded in a public book and become immutable.

Digital currency instead of credits

As a next-generation platform, Wemark supports its own digital currency. Wemark Tokens allows both clients and photographers to become part of the economy and value of the platform.

Problems in the photography industry

To date, the quality of the photos is highly appreciated in the market. High quality products are in great demand and are worth a lot of money. However, the authors of these works, the photographers, rarely receive a decent income from their activities. So, modern photo banks take up to 80% of the cost of photography. 

This is due to the lack of a mutually beneficial agreement between the parties and the available opportunity to use the outcome of work done by third parties. Photobanks completely monopolized this segment of the market and enjoyed all of its privileges, forcing photographers into deliberately unfavorable conditions.

One can point to a number of reasons that are serious obstacles to the development of activities and increase the profits of photographers. First, the photo banks independently estimate the cost of the work and the author's fee is paid at a fixed rate. The second - after the publication of all the rights of a photo belongs to a specialized service. To solve similar problems, it's called the Wemark blocking project. 

Solution

 The current system of digital content distribution is flawed. Creators only get a fraction of the real value of their content and abandon much of their rights. Content in the marketplace is increasingly dominant, while creators are left behind. Wemark's distributed strategy for digital content is based on some principles:

Creators license their content directly to users

They retain all rights to their content, know who licensed it and control its price.

The content market has the right to distribute content by "signing" a digital distribution contract with the creators. This agreement will include a range of prices for licensing the content, as well as the users, and the distribution fee paid to the platform. Once digitally signed, the contract and its terms are immutable and can only be modified with the consent of all parties.

The community will be rewarded for sharing content and increasing the number of users and adoption of distributed content markets.

a blockchain-based protocol that is aligned with the interests of the entire community (creators, customers and markets alike). 

How It Works

Using immutable distribution contracts

Wemark's immutable distribution agreements allow content authors to cooperate with markets in a way that benefits both parties.

All agreements stipulate a range of price rates for the licensing of content, the terms of the license to be granted to users, the distribution rate to be paid to the platform and the percentage of each sale to be paid for the referrals. Once electronically signed, the contract and its terms will be displayed on the blockchain.

Automatic distribution of payments

In addition to making traditional markets a content collector, they make payments easier. In other words, they have full control over how, when and under what terms money circulates between all parties.

With the use of WMK (cryptocurrency), customers who request the licensing of their products are paid according to a set of pre-established rules that do not depend on the market. A package of intelligent blockchain-based contracts automatically distributes payments to each of the committed parties under the unalterable terms that were originally agreed upon.

Mission

 Wemark's mission is primarily to enable photographers to control the content they produce and know directly from the customer. As a vision, it is to create the first concentration of many industries connected with the Marketplace 2.0 concept. It is intended to grow by making it more widespread. Wemark's vision is to create a growing and rich digital content economy. Content creators fully support a blockchain-based protocol that works for all members of the community, including users and markets.

Benefits

Maintain all rights to their content

They put a price on their jobs.

They receive a greater share of their income

They benefit from greater transparency.

Trust in the system.

The protocol will ensure customer privacy while providing a way for photographers to identify copyright infringement, excessive use of licenses, use of their photos that should be restricted, and other licensing violations.

Route Map

May 2017

NFX GUILD ACCELERATOR PROGRAM. Wemark participates in the S17 class of NFX. 3-month accelerator program in Palo Alto focusing on markets and network effects. View our Demonstration Day presentation here.

September, 2017

EARLY ACCESS REGISTRATION FOR PHOTOGRAPHERS. Registration has begun so that photographers have early access as contributors to the Wemark market, resulting in more than 1,500 professional photographers from around the world registering in the first few weeks of registration.

January 2018

BY LAUNCHING "WALLETS. Wemark's first live product is launched - photographers can now create their profiles, upload their photos and send them to the block chain. This is the exciting first step towards our entire block chain-based market.

February, 2018

WHITEPAPER PUBLICATION. The full white paper and more relevant information on mass marketing will be published on our website and sent to our growing list of subscribers.

Q1, 2018

ALPHA VERSION. The Alpha version of the market will be deployed on the Ethereum, allowing our first users to discover and buy photos using WMK.

Q2, 2018

BETA VERSION. A fully functional beta version of the market will be launched, including a large-scale marketing campaign for new customers.

Token

Token WMK

Price 1 ETH = 2,375 WMK

Bonus Available

Bounty Available

MVP/Prototype Available

Platform Ethereum

Accepting ETH

Soft cap 3,250 ETH

Hard cap 16,750 ETH

Country Israel

Whitelist/KYC KYC & Whitelist

Team

Lars Perkins Former CEO and Founder @Picasa, Director @Google

Keren Sachs Former Director of Content Development @Shutterstock

James Currier Serial Entrepreneur & Investor, global expert on network effects and growth

Gigi Levy The most active investment angel in Israel. Entrepreneur and Serial Investor. Former CEO @888

Lior Prosor Managing Partner @ Elevator Fund, Investor in fast-growing Israeli startups

Gilon Miller Co-Founder and CEO @GuruShots

Ran Oz Serial Entrepreneur, Co-Founder of Wochit, 2 Exist, 2 IPO's

Dr. Raphael Yahalom Researcher of Chains of Blocking and Cybersecurity @MIT

Dr. Dov Greenbaum Director @The Zvi Meitar Institute for Legal Implications of Emerging Technologies

Lee Torrens Market Director @ Canva

Michael C. Lesser Former General Counsel / VP @ Shutterstock

Amir Feder Token Economics Advisor, Northwestern University

Tai Kaish CEO and co-founder

Pavel Elkind Technical Director and co-founder

Roy Meirom Vice President of Business Development and Co-Founder

Tomer Gabbai Frontend Lead

Barak Simon Head of Backend

Ohad Peled Lead UX/UI

Shenhav Yehuda Marketing Director

Adam Wolski Full Stack Developer

Important Links

Web Site

White Paper

ANN

Facebook

Twitter

Telegram

Blog

Author 

User: Criptosistemas                                                                    

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