Cosplay’s Token (COT) Launches ICO Using Blockchain in $180 Billion Industry For Fans & Players
A cosplay token comes into effect from Cure WorldCosplay. The idea is to offer sustainable development to this industry that moves approximately 45 billion dollars.
Cosplay: Growing Community & Obstacles
The concept of Cosplay is understood as the art of dressing up as characters in a movie, a comic book, a manga/anime or a video game. As a market it has been in constant growth. A growth that can be measured both in terms of income, but also at the community level, with respect to artists, fans, cosplayers or enthusiasts.
This expansion of the industry has been inevitable thanks to widespread adoption, large-scale participation, popularity on social media websites and conventional media. And, of course, so has the increase in revenue and the increase in development momentum that it has been experiencing.
The most famous brands when it comes to video-games, streams and meetings of people in disguise are almost always the three giants: Steam, Twitch or the Comic-con events. These 3 platforms are already fundamental pillars within these gigantic communities. And this both in terms of capital invested and in terms of passion for the effort and everything that is done.
All is not yet rosy either, as there are still some bottlenecks for this industry to keep growing. And each of these obstacles have at times tamed the cosplay market itself a little. This also leads to disappointment both for the passionate artists in the community and for the fans themselves.
As such, revenue distribution, value enhancement and transparency in the community are among the few but major obstacles facing the cosplay industry.
Blockchain Offers Solutions To The Cosplay Industry
Cure WorldCosplay has announced the launch of its own ICO. This in order to channel the problems mentioned above and become the currency of use of the economy of the cosplay industry. The main purpose is to address these problems and all the challenges facing the economy within the ecosystem.
As if that weren't enough, the other good news is that the people in charge of bringing blockchain to the world of cosplay are the cosplay lovers themselves. They realized it and now they have the opportunity to solve the problems facing the industry.
Cosplay Token (COT) built on Distributed Ledger Technology (DLT), will be intended to be used as a payment currency within the Cure WorldCosplay ecosystem. This will help players without access to online payment methods to receive tips for their content.
With the Cure Protocol, real value will be created so that players can also create and distribute their own customized COT currency. This unique feature will return power to the cosplayers and allow them to easily monetize themselves among many other benefits.
The blockchain community platform has identified five major challenges facing the economy within the cosplay ecosystem, which it aims to address from the outset of the COT service:
- Sharing of content revenue – Allocating smart contracts for better revenue management. No copyright issues or revenue sharing hiccups.
- Access to settlement accounts – No need for additional settlement accounts or bank accounts. Quicker fund access.
- Transparency and trust – Better identification, evaluation and safe exposure.
- Value actualization – Receive evaluation by users and perfect your craft. Valuable market insights that actually garner praise.
- Globalization of information – No loss in translation and a true globalized sharing platform for all arts. Better global structure of art-sharing.
Now with Cure WorldCosplay players can create and distribute their own custom currency. Which means that this unique feature will help return power to the cosplayers in a way that allows them to monetize themselves and their art. Using these coins, the interested audience can tip players, shop around and allow cosplayers to develop deeper relationships with their fan base.
Currently the ecosystem plans to issue coins for payments, tips, incentives and reputation, making the platform a unique network for cosplayers and fans. The approach also moves away from third-party platforms and empowers artists and creators, which has always been the deepest desire of the community as such.
The features as well as the management theme offers a wealth of opportunities to the already massive community of cosplayers in Cure WorldCosplay. The community platform has its own social platform for sharing photos in 12 different languages, with more than 720,000 members from over 180 countries sharing their quality work, which so far amounts to more than 6.5 million images and counting.
In addition, the community platform has more than 430,000 social media followers, with 250,000 on Facebook, 170,000 on Weibo and 13,000 on Twitter. These metrics can help determine the strong response the platform is getting from the cosplaying community.
The dates of the sale of Cosplay Token will be revealed very soon, where it will introduce its radical market approach to developing and strengthening the cosplay economy.
For more details, please visit: https://cot.curecos.com/