The spherical world of digital contents such as music, games, photography, 3D models, animation etc have been booming with remarkable speed over the years. In the year 2017, Spotify a marketplace for music lovers and musicians generated a revenue of £4 billion, Steam a marketplace for gamers and game developers realized a revenue of $4.3 billion while Getty images and Shutterstock market places for photography generated $836.8 million and $557.1million respectively.
After reading such mouth watering figures, you definitely will be thinking the creators of this digital contents will be living in the easy street but sadly, research shows it hasn't been a life of luxury for these creators most notably the digital photographers.
Over the years they have been a depressed frown upon the faces of photographers owing to the fact that the digital photo market place have been centralized by two companies; Getty images and Shutterstock. This centralization has resulted to an unfair distribution funds, 85% for these agencies while a measly 15% for the photographers. In the quest to monetize their photos, photographers also loose the rights of the photos to these agencies. Well things are about to change with the birth of a company called Wemark.
Wemark Digital Ltd is a company founded in Tel Aviv Israel and is bent on giving digital content creators a one of a kind platform that will allow direct transactions of contents between creators and costumers without any intervention of a middle-man. This company is powered on blockchain technology called Ethereum and would start the ball rolling on its mission to decentralize the digital marketplace by creating a platform for stock photography.
With Wemark, photographers would be permitted to sell and share their work directly with the right audience without loosing the right to their work and also there will be no intervention of any middleman. In this unique platform prices of photos will range from $0.5 - $500. Photographers will pocket 85% of the photo price while Wemark will graciously keep 15% beside that, there will also be incentives for members who use and share the platform.
This marketplace (Wemark) with the help of a Smart Contract will enable transparency and security of transactions. Photographers can keep track of their content after sale, so there is no worry of copyright. In terms of Payment, this will be done on the company's very own crypto currency known as Wemark Token. This token can be traded with any other type of cryptocurrency. Interestingly on this platform, payment with credit card is on the pipeline.
Wemark is founded by Tai kaish , Pavel Elkind and Roy Meirom, men with years of in depth knowledge on digital marketing, entrepreneurship, software engineering and business administration. A well balanced team you have to concur.
Surprisingly, Wemark already has a lot of photographers already signed up. It may interest you to know that a huge proportion of these photographers are from Shutterstock and Getty Images and they are already sharing and selling more than 200,000 photographs swiftly and transparently .
Well if you're professional photographer or you just have passion for photography, sign up at Wemark and market your photos to the World.
Questions regarding this innovative platform, Wemark are welcomed from our esteemed readers.
Additional information on Wemark can be gotten from their Telegram group or from their ANN/Bounty threads.
Next up : Business Opportunities with Wemark
