Starting with photos, Wemark is building a blockchain-based marketplace for digital content. The $4B stock photography market is currently controlled by Shutterstock and Getty Images which take up to 85% of what creators earn.
With Wemark, creators license their content directly to customers over the blockchain. They keep much more of their revenue and rights to their content, while customers get access to better photos at better prices.
Wemark has a working alpha with thousands of photographers who signed up and submitted over 40,000 photos.
Wemark is backed by great VC’s from Silicon Valley, New York and Israel, with over $1M in equity funding.