Wemark is a new marketplace for web content that will initially specialize in photos. Wemark aims at completely revolutionizing how content marketplaces work and the basis on which they operate. The platform is blockchain-based and seeks to decentralize the digital content market, which is under the control of very view companies, groups, or agencies.
The centralized marketplace results in various problems such as content creators having to part with a large portion of their revenue as commission, creators losing rights over their content, and finally, lack of transparency and control in the processes. Monopolization is another problem facing the content marketplace, which makes it difficult for new entrants to compete. Wemark seeks to solve all these problems. It also aims at creating a marketplace where the interest of the buyers and sellers will be similar.
What is Wemark?
The platform concentrates on stock photography, as this is the most centralized area in the digital content industry compared to apps, games, music, and e-books. The transaction fees are also the highest in the industry with rates as high as 85%.
Wemark is already up and running, as currently it has over 40 thousand photos and over 3000 contributors. Photographers can create their profiles on the platform and then verify their identity. After the verification, they can submit their photos for review. If the photos are approved, the creators can license them to customers directly without intermediaries.
Wemark Token (WMK)
Total Token Supply: 135,000,000
Limited Supply: Yes
Soft Cap: $1,500,000
Hard Cap: $8,000,000
Price per Token: $0.20
The main method of payment on the platform will be through the Wemark Token (WMK). The WMK is Ethereum-based with compliance on the ERC 20 standard. In the future, more payment method will be accepted on the platform such as Bitcoin, Ethereum, and credit cards.
Token holders can use them to purchase photos on the platform. There will be incentives for users through rewards in the form of tokens for referring others to wemark or even promoting any content that is on the platform.
Why choose Wemark?
The platform allows creators to directly deal with customers by licensing their content to them without intermediaries. This means that they maintain control of their content, which includes the rights to the content as well as the price.
Through the blockchain basis all the payments and transactions that happen through it easily monitored or audited by all interested parties this ensures that there is maximum transparency.
The platform makes transactions in the digital market industry faster as the transactions are through the blockchain, which automates the distribution and the management of payments.
Platform users can easily earn tokens by referring more people to the platform or by promoting products on the platform.
A distribution contract registered on the blockchain will be signed between the creator and platform. Therefore, there cannot be an alteration or breaching of the agreed terms.