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The internet is a highway that facilitates transportation of massive amounts of data. According to research, there are _at least 1.83 billion web pages on the internet as of this very moment_. Access to internet and improvement in lifestyles have attributed more and more people being connected to this massive storage house of data known as the internet. Photos, video, audio, text, animation and other forms of content are generated in millions of terabytes by content creators across the world. Consumers feed on this enormous amount of data and even pay a fees for the premium content. Creators spend time and money to create quality content and then distribute it to paying customers using centralized platforms available on the internet. Now the problem arises here – _these platforms license the content generated by the creators as their own and often charge commission up to 85% of the revenue generated by the creators_. The **Wemark Project** aims to change this practice by enabling creators to distribute their content directly to the paying consumers. It facilitates the transfer of content from the creator to the consumer with the help of a blockchain based platform.
For it's pilot project, it aims to disrupt the online photo sharing platform. _Market players like Stock Images have had a sort of monopoly when it comes to transfer of ownership of photos,_ often charging hefty commissions just to act as the mediator. With a flat rate of 15% commission per photo, Wemark aims to change this practice.
_'Information is the new oil'_, goes the saying. Taking advantage of the massive amounts of data generated every second and lack of decentralized platforms where the content creators can connect directly with the consumers, the centralized open marketplace often charge hefty commission rates. The content passing through these platforms is not owned by the platform. These platforms just act as a _middleman who facilitates the transfer of ownership of content_ from the creator to the consumer. The Wemark Project harnesses the power of the blockchain to weed out the middlemen from the transfer of ownership of the content. By deploying smart contracts on its platform, it aims to make the process of content redistribution a breeze for both the owner as well as the consumer. _With a fixed rate fees of 15%, it will definitely pass on the advantage to the creator_. When creators are well financed, they can create more quality content, which in turn will lead to more revenue.
The Wemark Project aims to fund the outreach and marketing of its platform by raising funds through an **Initial Coin Offering (ICO)**. Investors can buy the Wemark token (WMK) by participating in the ICO. The **WMK token** can be used to pay for any services on the Wemark platform. The platform is already live and supports pictures and images as of now. Soon, it will spread its operations to cover all forms of content and media – video, text and audio too. _The WMK token is based on the Ethereum blockchain and is a standard ERC 20 token._
The Wemark Project has already secured _Venture Capitalist funding to work towards its goal_. The team leading the project is multi-talented and has years of industry experience. The board of advisers to the project consists of executives of top multinational companies. With a sound strategy and an enormous market potential, Wemark is destined to be a success. _As more and more consumers and new internet users flood the market, niche quality content will always sell for a premium._ Consumers don't mind paying for top notch quality content. However, content creators often turn out to be the losers in the process of exchange of information. Wemark Project will soon change the scenario and put the money to where it should belong – to the content creator's bank account and not the coffers of the platform facilitating its sell! _This is indeed a new dawn for the internet, and Wemark will be at the forefront when it comes to content redistribution_.
**Website** - [https://www.wemark.com/](https://www.wemark.com/)
**Whitepaper** - [https://www.wemark.com/whitepaper.pdf](https://www.wemark.com/whitepaper.pdf)
**ANN** - [https://bitcointalk.org/index.php?topic=3293253](https://bitcointalk.org/index.php?topic=3293253)
**Telegram** - [https://t.me/wemark](https://t.me/wemark)
**Published by smithjones**
**Btalk profile -** [https://bitcointalk.org/index.php?action=profile;u=1936039](https://bitcointalk.org/index.php?action=profile;u=1936039)
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