IPStock has been designed as an ecosystem that allows the implementation of a visual digital content registry via the blockchain. The entire ecosystem is license managed using smart contracts. The platform was designed with the global stock images market in mind. This includes videos, photos, illustrations, and content. The market size of this industry is estimated to be at over $10 billion by 2022. This value is created when players sell and purchase copyright licenses.
IPStock has the aim of revolutionizing and expanding the market via the decentralized blockchain. In the current setting, this market has no efficient or transparent mechanism to manage and control copyrights of works and the licensing fees. The result is that there is limited growth of the rights trading market, which creates various legal problems for both sides involved.
This platform hopes to create a new platform where copyright laws will be protected via smart contract. This will help to eliminate the problems that currently exist such as legal risks, license management, and copyright issues. Right now, third-party intermediaries who are not only inefficient but also unreliable plague the industry. The aim is to grow customer profits and reduce the final cost to consumers.
IPStock Has Experience
The developers of this blockchain network have been in the stock images market for the past five years. In that time, they have managed to create the world’s best vector graphics portfolio, which has earned global recognition. The company is the number one stock images company by revenue. This is because they have embraced modern technology that has included Big Data research.
Other achievements are in the cloud services sector. In Switzerland, the company manages the world’s leading cloud service for content producers, which is used to manage visual digital content. The company also runs a marketplace for premium images. This company’s team not only has the technical expertise but the legal and business expertise as well to launch a successful project. Their activities are supported by the Geneva accelerator fund, which is also one of the shareholders in the company.
IPStock IPS Global Stock Images Market Tokens ICO Details
The company will launch their blockchain project via fund made from the IPStock token sale. This will allow them to further their activities from the concept stage to a practical stage. With blockchain technology, they hope to create a platform that helps to solve the issue of copyright in the digital visual industry. They firmly believe that they will bring about a revolution in the industry.
Why You Should Get Behind IPStock
The project is backed by a strong team, which already has a lot of experience in the sector. Another reason to back it is that the international founders of the project, such as Fongit, have a great reputation. IPStock has already demonstrated its commitment to democratizing the market. It supports completion, growth, and quality. The result is that it has helped to release many content creators from the jaws of monopolists, who usually keep up to 70% of the proceeds from copyright sales. Besides that, its tokens are from an existing company, which has already created value, as opposed to a new shell of a company.