Rated on 2018-04-27
I do like the team and advisor board here, though altogether the project does not look business oriented. Maybe the advisors didnot see the WP attached. Just a very liitle data, almost no numbers and funny pictures. Blockchain here seems a bit practically far-fetched. Not clear where are the gains for investors. The whitepaper does not give a clue as it lacks both financials and business planning
Rated on 2018-04-08
Killer team. As a former photographer and arts school grad in photography (Western Academy of Photography, Victoria BC, Canada 1993), I can only offer my full support for this on merits alone. The advisory board which includes founder of Picasa and Google director makes it unstoppable. Not to mention Shutterstock as well. My only criticism would be that the token allocation for the public is a bit low at 38 per cent. However the cap is modest so waiving deduction on that. The one bit of magic with Blockchain is it's ability to create scarcity with digital assets and that is a game changer. Quote from brilliant post written by Alex Evans, called A Crash Course in Mechanism Design for Cryptoeconomic Applications: "Blockchains enable us to enforce scarcity and facilitate value transfer in areas where that would otherwise be impossible and, therefore, radically expand the range of problems to which economic incentives can successfully be applied. Viewed through this prism, cryptoeconomic systems are fundamentally new ways of incentivizing human behavior. And their potential is massive." https://medium.com/blockchannel/a-crash-course-in-mechanism-design-for-cryptoeconomic-applications-a9f06ab6a976
Rated on 2018-04-26
Team Pros: - a lot of knowledge and experience with UX and tech - great advisors and cooperations from the photo community Cons: Vision Pros: - distribution platform for digital content where the content provider gets a fair share Cons: - centralised curation - distribution without community Product Pros: - creators get finally a fair share Cons: - pure utility token, the 15% fee goes to Wemark - Founding Team&Employees getting 11% of the tokens - 12% of the tokens for Advisors & Partnerships updated on the 12th April after helpful comments from Roy Meirom 26th April 2018: updated after a talk with the CEO, Tai Kaish, who convinced me more about the product vision and the renumeration policy including vesting
Rated on 2018-04-14
Very strong for the concept! Great use of distributed ledger technology as there is a need for this for digital content Token metrics and caps are sound and viable Looks bery pomising Good luck with the project!
Rated on 2018-04-16
Great team ... all great people's in one places will.suggest to take some experience advisors .... Great vision ... Best of luck team
Rated on 2018-05-24
A very interesting concept, and it is being led by a great team backed up by advisors with a wealth of experience. A good vision is in place as well. I look forward to seeing this grow
Rated on 2018-05-01
Good luck, guys!
Rated on 2018-05-06
Interesting concept. Good Luck guys.
Rated on 2018-05-11
In my opinion this project makes a lot of sense. I am a bit old school using Fireworks to size images, clean them up and tag them for SEO. I download a lot of photos every month and understand the importance of each photo. I really like this project, just curious to see the elasticity, price vs number of clients.... *Please see my profile for disclosures.
Rated on 2018-05-11
Definitely a space that needs disrupting and stopping the artists making their fair share.
Rated on 2018-05-13
If there are projects deserving support, this is one of them. Solid all over: 1. Very good team assembled, one can tell they are already a company that works. And they have the backing of professional investors and advisors. 2. Market they are disrupting is ideal for blockchain, and they have a great vision to disrupt it. 3. Although there's a lot more to be done, one can tell their product is on its way and it looks good already. I especially like their ICO structure - it's not to raise investments, it is designed to create a community, and it's just one step in many. This is how it's supposed to be. The only minus I see is that market they are after is small, but I see that the team already has some good ideas how to scale it when (or if) the main idea is successful.
Rated on 2018-05-16
They have a strong team of experience professionals in place. The concept is a good one, however I am not completely sold on the premise that decentralization is the way to go for sharing digital content. It sounds good in theory, however in practice I see fragmentation issues with searching and identifying content. Let's take the concept of decentralized market places. Most consumers would rather perform one stop shopping at Amazon as opposed to going to 10 different online stores and checking out 10 times. I think the concept is a good one. However we need to question and vet the use case of decentralization as it appears to get an pass from the reasonable scrutiny.
Rated on 2018-06-07
Wemark is building a platform that will empower content creators — without the need of middle-men. Project has a strong team, however they might be lacking experience in the field they want to tackel. Wemark makes up for this with a very good advisory board, setting them up for possible success. It remains to be seen whether the project can create enough traction to move the marketplace for digital content to a decentralized blockchain-based variant.
Rated on 2018-07-09
Wemark is building a blockchain-based marketplace for digital content and its a decent size market at $4B. However, it might be a tough competition going into the market because of the nature of the digital content industry. That said, I think the fact that they have already $1m funding in equity financing proves a really strong case that it actually is a legitimate project, invested by traditional funds.
Rated on 2018-07-09
Digital content is used around the world everyday. How the content is protected and proper credit is given to the source of the content is critical for transparency. Blockchain may be the solution for this type of project. The team looks strong and is familiar with digital content. Not to mention advisors who do have blockchain experience is a plus. Having backing from VC's is an added bonus that they believe in the project and the team behind it. I look forward to see where Wemark goes and builds a solid community in the digital content space. Best of luck!
Rated on 2018-07-11
A very interesting concept, Great team and experienced Advisory board. I really love this project and wish them to get the proper success. A good vision is in place as well. Soft cap is suitable for this project. Have MVP and it's online. Best of luck for team and concept.
Rated on 2018-07-12
Picasa, Canva, Shutterstock... You guys obviously know what you're doing and how to run the business. As an ICO - token structure/economics are a tad concerning. Additionally, I don't really see (yet) why this can't be achieved utilizing any other currency available and just swapping out the model onto blockchain. I definitely see the value in the product, but I think this is one of those projects that will be determined by the kind of reach you eventually have and therefore the adoption rate, as the content creators are your primary focus for sustainability, and that's a completely different demographic from those who can and would invest in the ICO at this stage. I'm not completely convinced of potential ROI because of this, strictly from an investor standpoint. But I would love to see what kind of traction Wemark achieves against the biggies like Shutterstock and Getty. It's obviously a huge market. Capturing that market, though, not so easy. Especially if you factor in users - majority of whom I'm assuming are going to be businesses and corporates looking for stock images/video for advertising purposes. The objective isn't just to get the non-creative masses to use Wemark as an alternative to SS and Getty, but the uphill climb is going to be to get them everyone on to a platform where they transact using a utility token. Just a thought. Good luck! Would love to see this in all its glory.
Rated on 2018-07-12
A very interesting idea. A huge amount of digital content is sold online every day, and piracy is on the rise. Blockchain could be the right solution to solve the problems of this sector. This ICO has detailed Whitepaper, well structured roadmap and qualified team members.
Rated on 2018-07-13
Team - Strong advisers and some good minds in the core team, but a perhaps a little light on leadership experience in the core team (CEO's previous company profile does not appear on LinkedIn or in google). Other than that, advisers appear to cover any other shortfalls for experience in the target market. Vision - Good market to disrupt ($4bn pa market) and smart use of blockchain tech to create a decentralised marketplace that gives more to content creators. Taking 15% instead of up to 85% of content providers' revenue is great, but from a commercial aspect may be beatable by competitors entering the market taking a lower fee (no logic in the WP to explain the reason for such a charge, merely that it is lower than what is available at the moment). This is the only real downside of the token from a longer term appreciation perspective. There is very little in the way of business plan or detail on use of funds and such silence on these issues leads to a lower score for vision. Product - No mobile version available as yet, but not really a big deal as consumers will probably be laptop/desktop based. Over 1m photos uploaded already. Good reasoning for choosing photos as their first content to disrupt. MVP alpha appears to work on laptop, and search engine seems easier and more logical to use than their centralised competitors. However, tokens aren't available to purchase to complete a transaction as yet, but on the assumption this will be relatively headache fee, I feel happy to give full marks here.
Rated on 2018-07-13
Shutterstock and getty have all the control in this market and i do not see that changing anytime soon. This is a nieche market that relies on content submission. the idea that 8-10 mil usd is required to complete this platform seems a little over the top to me. I do not see any viable roi to investors therefore i do not see this as a good investment.
Rated on 2018-07-13
The reality is that it will be difficult for Wemark to compete with Shutterstock and Getty. There is a strong competition in this market and Shutterstock and Getty have already loyal communities. I don’t say that it will be impossible but it will be really hard for Wemark to give returns to investors.
Rated on 2018-07-13
Good team and decent white paper. I liked the concept blockchain-based marketplace for digital content - something new but not sure if there will be enough demand across the photographers on Blockchain! My opinion is neutral on ROI. MVP is always good for the projects now a days. Will like to see what they come up with.
Rated on 2018-07-15
"Wemark is a growing community of leading independent photographers licensing their photos directly to customers, with no agency involved." How many independent photographers do you have now?
Rated on 2018-07-15
Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.
Ratings and ICO analyzer results are being updated (re-calculated) every few hours.
NFX GUILD ACCELERATOR PROGRAM. Wemark takes part in the S17 class of NFX. 3 months accelerator program in Palo Alto that focuses on marketplaces and network effects. Watch our Demo Day pitch here.
PHOTOGRAPHERS EARLY-ACCESS REGISTRATION. The registration for photographers to get early-access as contributors in the Wemark marketplace has begun, resulting with more than 1,500 professional photographers from all around the world signing up in the first weeks of the registration.
LAUNCHING “PORTFOLIOS. The very first live product by Wemark goes live – photographers are now able to create their profiles, upload their photos and submit them to the blockchain. This is the exciting first step towards our full blockchain-based marketplace.
WHITEPAPER RELEASE. The full whitepaper and more relevant information about the crowdsale will be published on our website and sent to our growing list of subscribers.
ALPHA VERSION. Alpha version of the marketplace will be deployed to the Ethereum, allowing our early adopters to discover and buy photos using WMK.
BETA VERSION. A beta version of the fully functional marketplace will be released, including a large-scale marketing campaign for new customers.
As a team who has developed marketplaces and platforms in the past, we know it's a tough challenge. Wemark will continue investing its funds on R&D, marketing and business development to prosper the marketplace and the entire ecosystem. Our goal is to create a worldwide mash to enable the distributed exchange of all types of digital content, removing greedy intermediaries and creating a transparent, efficient and low-cost way to transact directly.