ICOs stand at the forefront of the investment opportunities created by blockchain technology. Everyday people have the opportunity to invest in upcoming projects, in virtually every industry, while they are still in their seed phase; this was an opportunity once available to only investors with enough funds to become a VC or be part of VC syndicate.
Anything that drives an income flow is a valuable asset and worthy of investment. There are some assets that drive an income but cannot be invested in presently or are simply difficult to invest in. Blockchain technology can make investments in these outlets easily accessible via tokenization of assets.
Stock photos are one of the income-driving assets that cannot be invested in. Stock photos have grown in demand proportionally to the internet’s growth and thus they are a major income source for photographers. Investing in photos is nothing new since collectible photos have been bought for ages as investors have wanted to benefit from their appreciation. However, it hasn’t been possible to invest in arguably the greatest portion of modern-day photography: digital photos.
A new project called Wemark could soon allow people to invest in stock photos by tokenizing them.
Investing in Stock Images
The core function of Wemark is to act as marketplace for stock images. The marketplace is governed by the Wemark protocol which allows trustless transactions to take place and offers photographers the ability to pay only a marketplace fee of 15% to Wemark, a value far smaller than existing industry giants.
An additional feature that Wemark protocol does is that it make the sale of stock photos in Wemark tokens. Thus, the flow of income from stock photos on Wemark is tokenized. Additionally, further development of the Wemark protocol will allow the earnings from a stock photos sale to be split among any number of wallets. The result is that a stock photos income can be split among many people.
As the protocol is already tokenizing the income of the stock photo, it not only becomes possible, but extremely easy to tokenize stock photos on the marketplace and sell them. Photographers will now have the ability to tokenize their stock photos and sell them to any number of investors. Stock photos generally create income over time. However, ambitious photographers who immediately seek better equipment or funds to create better sets, travel to new landscape, or any other purpose can sell the photos for an upfront earning and the investors can then get the future income a stock photo drives.
Stock photos can now become an asset class for the masses.
Wemark Essential Links
💡 Whitepaper: https://www.wemark.com/whitepaper
👨 ANN Thread: https://bitcointalk.org/index.php?topic=3347524
💻 Telegram: https://t.me/wemark
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