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Cryptocurrency is paving new avenues for content creators to explore

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Until you take the plunge and start to produce regular content which is displayed on the web for the world to read, you struggle to comprehend how much work goes into the formatting aspect of your piece. The images used form an integral part of your story which aims paints a picture in the mind of the reader, which lures them deeper into the content. We have to delve into the world of stock photography to find the perfect image and to make ensure that we also have a license to re-use someone else’s property.

This is where there is currently a huge grey area in the stock photography industry. Two giants (Shutterstock & Getty Images) currently dominate the sector and because their grip on the industry is so tight, they can claim 85% of the fee paid for an image. Which leaves the photographer, the creator of the asset, with just 15% of the fee for their hard work. An unfair method of distribution where essentially the intermediary is taking the Lion’s share of the profit.

Wemark is building a blockchain based content ecosystem which eliminates intermediaries and puts the control of the content back into the hands of the people that created it. Allowing photographers to retain the rights they have over their property and also most of the profit received for it.

The injection of blockchain technology allows for a seamless transition between parties. The owner defines all the details of the content sale and the platform integrate it to a smart contract. When a purchase is made, a smart contract is triggered and the payment is processed. This delivers the specified funds to the content creator and simultaneously delivers the content and the applicable rights for the content to the buyer. The purchase is recorded onto the Ethereum blockchain and is set as indisputable evidence for all parties to see. The blockchain is essentially removing all possibility for potential transaction disagreements. The autonomous protocol processes payments, issues and registers specific licenses on the blockchain and then provides access to the content for the customer.

The Wemark platform is initially targeting the stock photograph sector but they are setting their sights on transforming content distribution industry across all applicable avenues. The initial platform designed specifically for photographers was launched a few weeks ago and has seen an overwhelming initial response from the community. Thousands of photographers have already signed up and submitted over 40,000 photos, which includes many of the best content providers who produce regular content on today’s major platforms. This allows photographers to establish and maintain their rights and ultimately make more revenue, doing what they love.

To avoid the one-sided ethos which has been a part of the industry for some time, the creators that use Wemark are also stakeholders of the platform. This means that they get paid in Wemark’s native cryptocurrency (WMK) and the value of their earnings within the platform may increase or decrease according to the growth and development of the platform.

The Wemark team has an impressive wealth of knowledge spanning throughout the industry. They also have what can only be described as an army of advisors by their side, heralding from many of the major players within the sector. Key names to note within the Wemark advisory board are Michael C. Lesser, who built and led the legal department at Shutterstock. Lars Perkins, who is the founder and former CEO of Picasa and also Keren Sachs, a former director of content development at Shutterstock. A plethora of industry leaders and VC’s have jumped on board the project to revolutionize a sector which is crying out for a shake-up. Which has been further aided by top VC’s in Israel, New York, and Silicon Valley. Definitely a project to bookmark.

Wemark have scheduled a token sale for the WMK token

When – The token sale will begin on June 7th, 2018 and is scheduled to end June 21st, 2018

Token – WMK

Price – $0.20

Supply – A total supply of 135 million tokens will be created, with a maximum number of 51 million (38%) tokens to be sold

Platform – Ethereum

Accepting – ETH

Hardcap – $8 million USD

A link to request the Wemark whitepaper

Where to participate in the Wemark ICO

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Dark Dwarf via Flickr

Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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