From its beginning in 1839 photography went a long road. From the eccentric hobby to the mass adoption. From being an artistic tool, taking pictures became the daily activity for many of us. Inventing digital photography made a great turn in its history and stocking agencies put another dot on it. Now is the time for another turn. Meet WeMark.
Let’s start with some data I found about the worldwide digital photography market. In this case, digital photography means not only the equipment but also software and platforms for selling the pics (including stocks).
If we’ll compare the global digital photography size to the amount of the available statistics there will be a visible gap. Is it possible that the market predicted to reach 110.79 billion by 2021 would be so underestimated? In 2015 global digital photography market has a value of $77.66B USD in 2015, and anticipates a 6.1-percent growth rate between 2016 and 2021. Does digital photography has wings cut off by the market monopoly of great brands? And what about platforms for selling this pictures like Getty Images and Shutterstock? Did they leave any empty gap for another stock scheme? Or maybe the increasing dissatisfaction from their services brings an opportunity for projects like WeMark to show off?
WeMark has been invented as a marketplace for a digital content where photographers can sell their pictures directly to the client without the middleman and extra charges. Thanks to the blockchain, there will keep full control over their sales and prices. More about the project itself you can read here: https://ruth.news/272-wemark-vs-stock
WMK a native token for WeMark platform is based on ERC-20 protocol. 135 000 000 tokens will be released with the basic price 2,375 WMK = 1 ETH. From this amount 38% of will create a company reserve, 34,5% will go for sale, 16% for team and advisors, 10% for partners and 1,5% for the bounty program.
Attention, the token sale of WeMark is already closed. Another opportunity for buying WMK coins will appear after token listing. For today, there is no information about the listing date or possible exchanges.
The project gained some interest from blockchain and economic media like Forbes or The Cointelegraph. It also received good marks from experts – 4.6 on ICO Bench, 9.7 on ICOmarks, 5.0 on TrackICO.
WeMark community looks alright – slightly above the medium numbers projects gain.
- Their Telegram channel has 11979 members
- The Twitter profile has 7195 followers
- Facebook profile follow 11 225 users.
What I found very interesting in this project is the information that the core team know each other from the military service. And it wouldn’t be anything special in this if not the name of their unit: 8200. These are special Israel forces, consisting of hackers and IT specialists.
PROs and CONs
- Strong team. They might now have enough experience but they have a solid IT background.
- Partnerships. The project performed pretty well counting the number of partnerships they conducted. The smart step was also attracting whales to their project (NFX , Elevator, Sarona Ventures investing founds).
- Concept – this is one of the first projects this kind appearing on the cryptomarket
- High competition. Not only from traditional stock agencies like Getty or Shutterstock, but also from royalty free resources like Pixbay or Flickr. Maybe the CC license will get rid of the stock photography as it looks like today?
If you would like to learn more about WeMark check the links below:
Disclaimer: this is NOT investment advice. This is purely our opinion, based on facts found on the project website, whitepaper, social media and etc. Please do your own research and decide if it qualifies with your risk profile.