Welt Der Wunder: Using Blockchain Technology To Tokenize The Media Industry
Welt der Wunder TV is creating a new blockchain managed license, trading and sales platform for high-quality video content. This platform is for international broadcasting, online video publishing, and VOD sectors.
In future, this platform seeks to offer content owners the opportunity to provide their content to the global market and to ease access to purchasers, users, and advertisers. Customers will be able to deal directly with the owner or producer of the media content thanks to blockchain technology that will provide automated, trust free security in form of regulated smart contracts. The use of blockchain technology further eliminates the need to have intermediaries, which reduces the price of content. All the participants including the producers, owners, and other platforms in need of the content will participate as part of the model in an equal measure.
As the business model becomes popular, the sales structure will be extended securely which will allow an increasing number of consumers and producers to participate. As the platform’s content grows, the platform will evolve into a leading market position.
Welt der Wunder TV operates in Germany. The network is known for the production, marketing, and broadcasting of high-quality content. The network has an established network of global renowned content providers, media platforms, and TV stations. The network that is in the second largest TV market in the globe has positioned itself at the centre of the professional media industry.
How The Platform Works
The content creator will select the smart contract that matches with his/her sales objectives and upload the content on the platform. The content is stored on the cloud but a working copy will be visible on the platform. The end user will select the content with the appropriate license parameters from the video library.
The selected content can be paid with different cryptocurrencies and even with fiat currencies. The integrated exchange API converts the cash flows into MILC tokens, which are distributed to the content creator while the content is provided to the new owner in real time.
The MILC Token
The Micro Licensing Coin is a utility token and will be the payment medium used within the micro-licensing platform. The sale of the tokens will help boost the value of MILCs in addition to popularizing the platform’s business model. The number of issued MILC tokens are 40,000,000 and 26.5% of these tokens will be available during the ICO. An equivalent percentage will be available during the pre-sale.
The best thing about the MILC ICO is that the Welt der Wunder TV Company is an established firm that has been part of the media industry for more than 20 years. The firm has broadcast networks in German and Swiss TV channels. The distribution platform is already developed and the firm has decades of experience. This company is not a startup like most ICO companies but it seeks to solve problems in a market they understand by offering an innovative solution that is bound to enjoy a good demand. Investors are reassured that the product is value for money. The ICO dates will be announced soon on the MILC global site