Monday, April 23, 2018

Wemark(WMK)-Stock Photo in a Better Way


In recent years, the volume of digital content, such as photos, music and video, has skyrocketed. However, it has become a supercentralized market with a small number of companies that control most of the distribution. This means that creators must sign the rights and verify their content, as well as the majority of the income generated by their content, to participate. Distributed markets allow content creators to license their content directly to customers without losing total control over their content rights. Wemark is a VC start-up based in Israel and San Francisco, which develops distribution systems based on digital content, applying the concept of “distributed market”. Their strategy is based on the Wemark protocol, which uses a chain of blocks that allows you to create a distributed market for all types of content and connect them to decentralized networks, creating alternative distribution systems without intermediaries. First use case Wemark.com: distributed market for stock photography. The stock photography is a super-centered sector worth $ 4 billion, with agencies like Shutterstock and Getty Images that control most markets. Because the clients have a relationship with the agency, not directly with the photographer, the corresponding photographer has created a critical mass of clients. This leaves photographers with limited alternatives, but guarantees most of the rights, control and income of their photos in these institutions.
The Mechanism
Wemark will not be another centralized media giant, but will use its protocol to make transactions between buyers and producers. This eliminates the need for third parties due to the use of contracts stored in blockchain with total transparency. Instead, allow buyers and sellers to concentrate on digital media. It also reduces costs and costs for all interested parties because the chip can be used directly, which also eliminates some problems related to commissions, currency conversions and other problems. But in the end, instead of images, Getty and others in this world, collect up to 85% of the income that the image receives. The photographer himself will get this money, which will help to support and develop a large industry, which has a high demand from customers and creators. However, the elimination of greedy cakes allows investing more money in creators in teams, places and, as a rule, a better return on investment. At the same time, buyers will have a closer relationship with the people who produce the content. Start with photos and markets that see images of Getty Images and Stocks, dominated by large companies that make their fortune at the expense of the creators. But then the music industry, the electronic book industry and others grow, and many creators are ready to join them. Because it is simple, it will double all your money at this time, the way Wemark works. This includes the fact that the current rate is 15%. I think it may be declining in the future, because mass adoption will be improved, and it is no longer necessary to promote affiliate marketing and advertising in general. Basically, it will not be long before we see mass adoption, because the system is already available and you can upload your photos. However, due to that niche, it acts from mouth to mouth, it is something so powerful that you will see the movements of the people who are constantly on board. Because most of the content they produce does not have an “exclusive” block. This means that they can be sold in more than one place at a time. But adoption will grow faster, because the choice of content will grow rapidly. In addition, creators are likely to start dropping the average package at a lower price because Wemark starts supplying a large number of repeat customers.
Moreover-Wemark(WMK)
Blockchain in a decentralized world, and see the possibility of a change disrupting the offline and centralized business model and monitor the intersection between the blockchain. One of the new stock photography projects that enters the blockchain is a company called Wemark. Wemark has attracted my attention by offering professional, highly experienced, funded and economically viable offers. Wemark can be a distraction that everyone expects in the sand of archival photography. Attenuated centralized power, centralized power is absolutely corrupt. The Wemark protocol, supported by the Ethereum blockchain, will be used to decentralize the systems underlying the archival photography market. By eliminating third party organizations from the equation, the Wemark protocol ensures high standards of transparency and ensure that all transactions and licenses recorded in the general ledger and, in turn can not be altered by manipulation . Smart contracts will be put in place to facilitate the exchange of digital content, such as automatic revenue distribution among all the parties involved. It’s part of an interesting cryptographic space that is trying to revolutionize and change something that already exists. Although competition can be fierce, it’s not always a problem if the way things are done is completely different. As in this case, the use of the contract as a means of payment and the withdrawal of a third party in the middle take the largest part. Changing the dynamics of digital media without trying to create something from scratch must find the market or technology needed. Instead of taking the advantage of existing business models and Blockchain Ethereum to create great opportunities for business growth.
Wemark Token (WMK)
Wekmark will be based on the Ethereum network with ticker (WMK). The total offering will be $ 135 million with chip sales by May 7, 2018. The minimum fund allocation is $ 1.5 million (USD) with reasonable hardcover secure at $ 8 million (USD).
The Conclusion
Without a doubt, photography will be disturbed, the real question is who will execute it in the foreground. Wemark with VC will be supported. Offers taxpayers will certainly be the most important. This is a very good project and the positive effects that Wemark can bring to the mass market is priceless. If you want know more about this marvelous project, you are fell free to discover through given links below for more details and project description in detail.
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