Ico Start Date: 12-Apr-18
Ico End Date: 26-Apr-18
Wemark is the blockchain-based marketplace for digital content, starting with photos. Wemark enables photographers to keep all the rights to their content and license it directly to customers, removing the need of stock photo agency (Shutterstock, Getty) that take up to 85% of their revenue.Platform
Hi there, we are Wemark! Wemark is a growing community of leading independent photographers licensing their photos directly to customers, with no agency involved. We’re a group of creators, marketers, designers and engineers, with a huge passion of transforming the way creators distribute their content and how they get paid for it. Our platform uses blockchain technology to allow real peer-to-peer transactions between creators and users - ensuring security, authenticity and most of all, transparency. Wemark is backed by leading global investors, and its advisory board includes some of the top names in stock photography, blockchain technology and online marketplaces.
NFX GUILD ACCELERATOR PROGRAM. Wemark takes part in the S17 class of NFX. 3 months accelerator program in Palo Alto that focuses on marketplaces and network effects. Watch our Demo Day pitch here.
PHOTOGRAPHERS EARLY-ACCESS REGISTRATION. The registration for photographers to get early-access as contributors in the Wemark marketplace has begun, resulting with more than 1,500 professional photographers from all around the world signing up in the first weeks of the registration.
LAUNCHING “PORTFOLIOS. The very first live product by Wemark goes live – photographers are now able to create their profiles, upload their photos and submit them to the blockchain. This is the exciting first step towards our full blockchain-based marketplace.
WHITEPAPER RELEASE. The full whitepaper and more relevant information about the crowdsale will be published on our website and sent to our growing list of subscribers.
ALPHA VERSION. Alpha version of the marketplace will be deployed to the Ethereum, allowing our early adopters to discover and buy photos using WMK.
BETA VERSION. A beta version of the fully functional marketplace will be released, including a large-scale marketing campaign for new customers.
As a team who has developed marketplaces and platforms in the past, we know it's a tough challenge. Wemark will continue investing its funds on R&D, marketing and business development to prosper the marketplace and the entire ecosystem. Our goal is to create a worldwide mash to enable the distributed exchange of all types of digital content, removing greedy intermediaries and creating a transparent, efficient and low-cost way to transact directly.
Killer team. As a former photographer and arts school grad in photography (Western Academy of Photography, Victoria BC, Canada 1993), I can only offer my full support for this on merits alone. The advisory board which includes founder of Picasa and Google director makes it unstoppable. Not to mention Shutterstock as well. My only criticism would be that the token allocation for the public is a bit low at 38 per cent. However the cap is modest so waiving deduction on that. The one bit of magic with Blockchain is it's ability to create scarcity with digital assets and that is a game changer. Quote from brilliant post written by Alex Evans, called A Crash Course in Mechanism Design for Cryptoeconomic Applications: "Blockchains enable us to enforce scarcity and facilitate value transfer in areas where that would otherwise be impossible and, therefore, radically expand the range of problems to which economic incentives can successfully be applied. Viewed through this prism, cryptoeconomic systems are fundamentally new ways of incentivizing human behavior. And their potential is massive." https://medium.com/blockchannel/a-crash-course-in-mechanism-design-for-cryptoeconomic-applications-a9f06ab6a976
Team Pros: - a lot of knowledge and experience with UX and tech - great advisors and cooperations from the photo community Cons: Vision Pros: - distribution platform for digital content where the content provider gets a fair share Cons: - centralised curation - distribution without community Product Pros: - creators get finally a fair share Cons: - pure utility token, the 15% fee goes to Wemark - Founding Team&Employees getting 11% of the tokens - 12% of the tokens for Advisors & Partnerships updated on the 12th April after helpful comments from Roy Meirom
Very strong for the concept! Great use of distributed ledger technology as there is a need for this for digital content Token metrics and caps are sound and viable Looks bery pomising Good luck with the project!
Great team ... all great people's in one places will.suggest to take some experience advisors .... Great vision ... Best of luck team