Starting with photography, Wemark - a company creating a marketplace based on blockchain will permit direct transaction between digital content makers and customers. The stock photo industry is panning out to become a very big business and according to experts, it may exceed $4billion in the year 2020. Interestingly this industry is highly centralized and Wemark is keen on decentralizing it. Decentralization will create a win-win situation for all as majority of revenue is been shared solely by two major companies (Getty images and Shutterstock). With that aside, lets take a journey on the business opportunities available in using this platform called Wemark.
PERMISSION TO LICENSE YOUR WORKThe stock image industry is highly monopolized and due to this photographers in order to monetize their work keep mute and allow photo agencies do the bargaining of their work with customers and in return get peanut share from the payment. Having heard the cries of photographers Wemark will permit them to license their hard work.
MORE EARNINGS FOR YOUR WORKUnlike Stock Photo agencies which charge photographers an outrageous confiscatory fee of 85% of their content of sale prices, the photographers will be left with just 15% , Wemark will be slashing the fee and this outcome will make photographers get 85% of photo sale prices while Wemark keeps 15%.
BRIDGING THE GAP BETWEEN YOU AND YOUR CUSTOMERSDue to the centralized nature of the stock image industry, photographers in order to make profit from their work adhere to rules of major stock photo agencies. Such rules keep them at bay from customers but with Wemark photographers can interact and foster amiable friendship with customers which will lead to more sales.
A LARGE AUDIENCE FOR YOU TO MARKET YOUR WORKWemark is growing rapidly and with more than 40,000 members with million of images already uploaded, more people are trooping into the platform. An ideal marketplace for you to sell your creativity.
YOU GET INCENTIVESPayment system on this platform will be done with the company crypto currency called wemark token. Interestingly, Wemark will be giving out incentives to members who use and share the platform.
CONCLUSIONWemark is backed by top VCs around the world and undoubtedly success will be the story of this one of a kind of project.
What are you waiting for ? Sign up now and begin to enjoy the benefits brought to you by Wemark.
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with the presence of Wemark in the stock image will produce more sales and can increase customers
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This is an high potential project. Stock image , and good incentives for using the platform, this is amazing and a lot of investors are going look into. Because I'm not sur they really have a lot of competition right now. Looking forward for more information.
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I think the fact that they have already $1m funding in equity financing proves a really strong case that it actually is a legitimate project, invested by traditional funds.
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I have 2 friends who are professionally engaged in photography, I will tell them about Wemark, I'm sure they will be interested.
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i think this is great movement of blockchain technology and photography industry..is there a ico to invest?
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What solutions are present for unfair pricing practices by some individuals, what can Wemark to counter such practises?
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Wemark sets a new standard with 85% royalty payment to photographers – 5 times higher
than the industry average of 15-20%.
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Photography has been raging as a trend over the past few years. Cameras have got a lot more features, and have shown a lot of improvement in terms of quality. Even phone cameras are good enough to take professional-looking photographs. Talented photographers are coming out all around the world and many people have started taking up photography as a career. Hopefully Wemark would be a promising land for photographers.
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Wemark, a very worthy candidate: an excellent and necessary idea, a professional team, well-known advisers, just great ratings on all independent venues. The project is really unusual and attractive for investors! I really like this project and I believe in its success in the future!
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