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The internet is pretty great. It\u2019s given us things like YouTube, Facebook, Instagram, Reddit, and Tumblr. For the creative folks among us, there\u2019s a wealth of opportunity to distribute, share, and get feedback on your creations. <\/span><\/p>\n That said, under the surface, these platforms often require users to sign up to terms and conditions that dictate ownership rights over content and any revenue they generate to the platform and not the creator. That\u2019s forgetting that content is easily stolen, remixed, and reshared, in many cases without the original creator\u2019s permission. <\/span><\/p>\n With content being shared all over the web and all over the world, it\u2019s easy to lose track of who should get the royalties for that piece of content and who is its original creator. <\/span><\/p>\n In some cases, like the webtoon industry \u2013 a popular form of South Korean graphic novel \u2013 many content creators use distributors to publish their content and pay them any earned royalties. However, as some of these distributors went out of business, creators were left high and dry, and without pay.<\/span><\/p>\n But what if the whole industry of creators could manage content rights and copyright themselves? With a blockchain-based system, it might be possible, and platforms like ContentsDeal are trying to do just that. <\/span><\/p>\n ContentsDeal<\/span><\/a> is using the blockchain to simplify traditional, complicated distribution structures and ensure the copyright holders \u2013 the content creators and artists \u2013 and the distributors are rewarded fairly for their work.<\/span><\/p>\n Musicians, visual artists, graphic novelists, videographers, and many other creators can all reap the benefits of ContentsDeal\u2019s proof of ownership concept which inscribes ownership rights to a piece of content into a block in the blockchain. By doing so, the rights to a piece of content is recorded immutably for all to see.<\/span><\/p>\n ContentsDeal splits its business up depending on the specific type of content that needs to be managed. The team dedicated to music is made up of, global music publishing and production company, Iconic Sounds group. There is also a team dedicated to webtoons called Comica, which will be responsible for ensuring webtoon artists have a platform to maintain the copyright on their creations. <\/span><\/p>\n The blockchain is also used to send and secure payments using its native cryptographic design, maintain user membership identities, and keep a trusted immutable history of all transactions that occur on the platform. <\/span><\/p>\n So what if you\u2019re a content creator, tired of the old ways? Well, you can become part of and support ContentsDeal through its Initial Exchange Offering (IEO). It\u2019s sort of like an initial coin offering (ICO) but there are some subtle yet important differences. Let\u2019s take a look.<\/span><\/p>\n The content on the platform will be selected by the ContentsDeal foundation and distributed in limited quantities. Just like with other crypto exchanges, the content can be regarded as a tradable cryptocurrency. <\/span><\/p>\n Thanks to the distinctive benefits for the artists and content creators, ContentsDeal will distribute work that\u2019s high-quality and only comes in limited editions, meaning that other streaming sites cannot distribute it. Some of the content will be platform-exclusive, such as special collaborations between global top artists and K-pop artists.<\/span><\/p>\n If you\u2019ve been in the cryptocurrency game for anything more than a year you should know all about the issues that ailed the initial coin offering (ICO) industry. First off, many ICO\u2019s offered little more than a speculative investment into a platform yet to exist. Secondly, many early investors would dump coins as soon after their listings went live on public exchanges. That\u2019s not to mention the various exit scams that ICOs facilitated. <\/span><\/p>\n But the ContentsDeal seeks to shake-up the playing field by using the IEO to reduce the instances of scams and illicit behavior. <\/span><\/p>\n On the surface, an IEO is similar to an ICO. A cryptocurrency startup can still use it to create tokens to help finance a project, but rather than selling tokens directly to investors as is the case in an ICO, in an IEO, multiple exchanges will need to list the token to complete the funding. <\/span><\/p>\n Naturally, cryptocurrency token exchanges have due diligence processes in place before listing coins. So this helps create a layer of investor protection, as the token they will be buying is already openly tradeable on the public market.<\/span><\/p>\n What\u2019s more, developers are required to \u201cmint\u201d the tokens and send them to the exchanges before they are sold on, this is done through a Proof-of-Work algorithm. So the legitimacy of the project is further scrutinized; a developer won\u2019t mint a token for a project that isn\u2019t worth the time. <\/span><\/p>\n Deal, ContentsDeal\u2019s native token, has been listed on one of Korea\u2019s most popular cryptocurrency exchanges, CoinZest. The startups IEO concept is already proving that there is demand in the market for a token offering of this type. <\/span>It\u2019s certainly a unique concept, but if <\/span>ContentsDeal<\/span><\/a> is able to garner the support of recognized industry players, it might help provide some of the first steps into using the blockchain to manage copyright for content all over the world.<\/span><\/p>\n<\/p><\/div>\nCopyright on the blockchain<\/b><\/h2>\n
Content in ContentsDeal project\u00a0<\/b><\/h2>\n
What is an IEO?<\/b><\/h2>\n