Wemark looks for stock photos and uses blockchain technology
https://www.wemark.com
The stock photography market is huge, and with a number of companies making money every day, it seems to make sense for companies to find ways to allow cryptocurrency to be used to make those purchases. Perhaps the surprising thing is that they have not really embraced this technology until now but it will all change thanks to Wemark. So, what do they offer, and is it worth it?
What is Wemark?
Wemark is looking for stock photos and uses blockchain technology to do so. They have launched their photographic stock aspect with over 40,000 different images available today, which is quite impressive.
They claimed that there was a problem with content purchases because the creators had to pay a large commission to a third party, and they wanted to stop the problem. Photographers can register, verify their profile and then upload their images for review. If they are then accepted, then shots can be licensed without any need to have intermediaries in place. They also stated that they hope to simplify the whole process and make it easier for buyers and sellers with those who operate from a level playing field.
Technical Aspects of Wemark
From a technical point of view, there is nothing complicated about the approach the project will take. They see a decentralized market with all platforms based on Ethereum providing anti-fraud measures as well as market stability that both parties will be looking for.
There is full transparency with transactions placed in blockchain and visible to both parties. This is key when you are dealing with direct sales because it shows both parties that the other party can complete the transaction without any problems. Additionally, when the creator uploads an image, a distribution contract is created between the creator and the platform. This contract can then not be changed and is designed to provide the right platform for distributing the content.
Whenever buyers see images they like, then Smart Contract will be made to complete peer to peer transactions. This is the aspect that is placed on blockchain and transparent with the exchange of tokens that occur to complete the transaction. In completing a transaction in this way, it removes the huge cost that other companies take when they act as a third party in a transaction that means the creators align to earn more money for their work.
Advantages of Wemark
It's easy to see the advantages of the platform especially for the creators themselves. By removing costs that sometimes reach 85%, that means they can make more money even if they charge less for images that create a win-win situation for both parties.
In addition, since the buyer is in direct contact with the creator, it really gives a sense of authenticity to the shot and increases their confidence in them, then can use it without fear it has potentially been stolen from elsewhere. Furthermore, as it is processed through blockchain, then the actual payment side of things is substantially faster than through existing stock companies out there.
But then there's also a gift offered for people who bring other creators to the platform or promote content that's already there. By doing this, it will obviously build the market and thanks to blockchain, there will be no problem with the large number of payments processed at a time so as to handle the entry of potential new creators or buyers.
Financial Aspects and ICO
When it comes to the financial side of things and the ICO, the first thing we see is that only 38% of the total number of tokens produced will be available at this point. This equates to a total of 51,000,000 tokens of a total of 135,000,000.
For ICO, then they will only accept ETH as currency, and there is soft and hard hat in place. The soft hat is set at $ 1,500,000 while the hard cap is only marginally higher at $ 8,000,000. Also, for ICO, the perken exchange rate is the 1 WMK price equal to $ 0.20 giving you an indication of the value placed on the ICO.
They stated that after ICO, they would see receiving more than just ETH as a form of payment because Bitcoin and credit cards would be built into the system. This will allow more people to buy the tokens they need to operate on the platform.
Overall Conclusion About ICO Wemark
So, what can we say about Wemark? First, the concept is healthy and is something that is definitely needed in the market. In addition, they have strong people boards behind those who have hands-on experience in dealing with this industry, so that's another big bonus. The fact that they allow creators to make more money and avoid the high costs it will surely take people to the platform when they see the enormous benefits that accompany it.
ICO does offer a slightly lower percentage of tokens for sale compared to others out there, but of course it is the total market capitalization that matters so it should not cause too much trouble even though it might mean you have to act quickly to get as early as possible. If they can continue to build the number of images on their platform, then it is easy to see how the token itself will grow in value as it is required to make those purchases.
Overall, this is a great idea and it is one that should be able to establish itself without too much trouble.
Website: https://www.wemark.com
Twitter: https://twitter.com/_wemark
Telegram: https://t.me/wemark
ANN Thread: https://bitcointalk.org/index.php?topic=3347524.new#new
Bounty thread: https://bitcointalk.org/index.php?topic=3293253.0
By: citacititut
https://bitcointalk.org/index.php?action=profile;u=1155701
ETH: 0x21a44C06903A23599666C79cD7e0B555d74eDc8b
Komentar
Posting Komentar