Wemark Innovative licensing platform for the photography market based on blockchain technology

Hello friends! In this opportunity, I will share information about a new and fantastic project that goes by the name Wemark is a growing community of leading independent photographers who license their photos directly to clients, without the intervention of any agency. We are a group of creators, specialists in marketing, designers and engineers, with a great passion for transforming the way in which creators distribute their content and how they are paid for it. Our platform uses blockchain technology to allow real transactions between creators and users, which guarantees security, authenticity and, above all, transparency.

Meet Wemark, the blockchain-based market for digital content. Starting with stock photos, Wemark allows creators and customers to conduct transactions directly with each other without the involvement of intermediaries. They do it through the chain of blocks, using smart contracts and a dedicated token that powers this direct economy. Think about it, the creators will finally be able to earn more money as they deserve and the customers will get their content at much lower prices.

How Wemark Works:

Using immutable distribution
contracts Wemark's immutable distribution contracts authorize content authors to cooperate with the markets in a way that benefits both parties.
All the agreements stipulate a range of price rates for obtaining licenses on the content, the conditions of the license that will be granted to the users, the distribution fee that will be paid to the platform and the percentage of each sale to be paid by the references. Once signed electronically, the contract and its terms will be displayed in the blockchain.

Automatic payment distribution
In addition to making traditional markets a content collector, they make it easier to make payments. That is, they have full control of how, when and under what terms money circulates among all parties.
With the use of WMK (cryptocurrency), customers who request the licensing of their products are paid according to a series of pre-established rules that do not depend on the market. A package of blockchain-based smart contracts automatically distributes payments to each of the parties committed under the unalterable terms originally agreed upon by all.

characteristics

Wemark is not an archive photography agency

Photographers grant their photography license directly to clients without intermediaries involved, therefore, customers get better prices.

Photographers earn more for their work

Wemark sets a new standard for stock photography royalties: photographers maintain 85% of the sale price of the photo.

New level of transparency, driven by the blockchain

The Wemark protocol, driven by the Ethereum block chain, guarantees a higher level of transparency. All transactions and licenses are recorded in a public book and become immutable.

Digital currency instead of credits

As a next generation platform, Wemark supports its own digital currency. Wemark Tokens allows both clients and photographers to become part of the economy and the value of the platform.

Wemark solution

It is a platform that has been created solely to interrupt the current way of functioning of the digital content industry and do something for the benefit of content creators. Initially it started focusing only on the stock photo section because from now on this is one of the most important parts of the digital content industry.

In the platform of Wemark, now the creators can get rid of the use of intermediaries to sell their photos to the client, since the platform gathers them and the clients to discuss the deal sitting at the same table. Blockchain will be the one that will replace the use of intermediaries and will distribute and administer the payments with total transparency. Creators will now have full control over the rights to their content and will also be able to maintain the price as they wish.

Wemark promises to offer creators 85% of total royalties, which, considering the current rates of 15 to 30%, is something more than extraordinary.

issue

Currently, the authors of the content transfer the rights of their work to the appropriate agencies that will distribute the content on their behalf. Most individual photographers do not have enough popularity to attract customers directly, so they are forced to use the services of intermediaries.

The ideal scenario for authors will be the granting of content licenses directly to customers. This will allow you to receive income in full, retain all rights, provide control and avoid data manipulation. But this does not work, because it is too expensive and too difficult for authors, which makes it impossible to reach potential buyers and compete with large agencies / markets and with large marketing platforms that offer different content, which contributes to a large selection of users.

Each year, trading platforms adjust the rules of the game. As a result, content authors retain fewer rights and, consequently, revenues.

Wemark platform advantages:

Digital artists have total control of the value of their work and retain all rights. In this platform, they can directly license their contents to users.
Comply with distribution agreements. After the contract between the artists and the users has been digitally signed, all the fees paid and the license issued are in compliance. If in any case changes are needed in the contract, the user and the artist must agree before finalizing the proposed revisions.
Faster payment distribution. The incorporation of blockchain technology in this platform made payments to all parties more convenient and efficient. Smart contracts based on block chains automatically process payments based on the contract agreed by all parties.
Artists will receive 85% of the payment of copyright.
Total transparency in payments, licenses and income distribution.
Credits not expired.
Updated contents. Wemark will only cure recent and relevant photos. This will allow consumers to easily find the content they need.
Given that the platform allows direct transaction between artists and users, content prices are expected to be 50% lower than those of other stock photography companies.
The entire community will be rewarded for attracting new users.

The financial aspect and the ICO:

When it comes to the financial side of things and the ICO, the first thing we see is that only 38% of the total number of tokens produced will be available at this time. This equates to a total of 51,000,000 tokens out of a total of 135,000,000.

For the ICO, they will only accept ETH as currency, and there is a soft and hard cap. The flexible limit is set at $ 1,500,000, while the maximum limit is slightly higher at $ 8,000,000. In addition, for the ICO, the token exchange rate has a price of 1 WMK that equals $ 0.20, which gives an indication of the value placed in the ICO.

They claim that after the ICO, they will seek to accept more than just ETH as payment, since Bitcoin and credit cards will be integrated into the system. This will allow more people to buy chips that they need to operate on the platform.

Token

Token   WMK
Price    1 ETH = 2,375 WMK
Bonus    Available
Bounty    Available
MVP/Prototype Available
Platform   Ethereum
Accepting   ETH
Soft cap   3,250 ETH
Hard cap   16,750 ETH
Country   Israel
Whitelist/KYC   KYC & Whitelist

Team of Visionaries:

Lars Perkins Former Executive Director and Founder @Picasa , Director @Google

Keren Sachs Former Director of Content Development @Shutterstock

James Currier Serial Entrepreneur & Investor, global expert in network effects and growth

Gigi Levy The most active angel investor in Israel. Entrepreneur and investor in series. Former CEO @ 888

Lior Prosor Managing Partner @ Elevator Fund, Investor in fast growing Israeli startups

Gilon Miller Co-Founder and CEO @ GuruShots

Ran Oz Serial Entrepreneur, Co-Founder of Wochit, 2 Exist, 2 IPO's

Dr. Raphael Yahalom Researcher of Blocking and Cybersecurity Chains @MIT

Dr. Dov Greenbaum Director @The Zvi Meitar Institute for Legal Implications of Emerging Technologies

Lee Torrens Market Director @ Canva

Michael C. Lesser Ex Consejero General / VP @ Shutterstock