Press Release (ePRNews.com) - LOS ANGELES - Oct 16, 2018 - weTribe Foundation is pleased to announce the launch of the world’s first decentralized blockchain-based content service DApp builder platform project. The company’s blockchain-based content distribution, sales, and incentive mechanisms combine user-generated content with professionally-produced content services DApp. Together, the DApp service builder will bring more content consumers to the platform, thereby growing the platform itself by decentralized way. As the number of end users of each DApp increases, the value of the content service brand and the provided platform as well as the monetary value of the weTribe’s token increases.
weTribe has noted in their recent whitepaper that the digital content market is estimated to be close to $200 billion. Content is driving much of marketing. A recent Forbes article says that “89 percent of B2B marketers and 86 percent of B2C marketers report they are using content marketing to increase leads and drive their brand forward.” Major companies like Apple and PepsiCo are investing hundreds of missions of dollars in original content. The industry is expected to reach $500 billion by 2020, with much of that growth coming from advances in the blockchain sphere. However, as weTribe notes, this will grow more when the blockchain-based token economy is actually implemented and used.
“Take a look at Facebook, Instagram, and YouTube, which have grown rapidly over the past decade. Almost all of the content shown is provided by the user,” says David Chung, chief of weTribe Foundation. “While these companies all have huge corporate value, the profits only went to a few platform owners and shareholders. In other words, content supplied by users played a role in creating value, but most of the profits go to the company that constructed and operated the service, while the portion allocated to the actual content creator is very small.”
Take a look at Facebook, Instagram, and YouTube, which have grown rapidly over the past decade. Almost all of the content shown is provided by the user. While these companies all have huge corporate value, the profits only went to a few platform owners and shareholders. In other words, content supplied by users played a role in creating value, but most of the profits go to the company that constructed and operated the service, while the portion allocated to the actual content creator is very small.
Chung adds, “The blockchain can disruptively reconfigure these large brands’ centralized power and monopolized compensation policies, creating a starting point for those who have provided the actual content to make the most profit. Each published DApp service for the token economy based on the blockchain does not need to be large. If you provide content with distributed self-branded and autonomous each own policy service opportunities, starting from providing content services autonomously for each purpose and providing services in their respective regions to any content provider, it is clear that the new token economy can be created. It is time to reconfigure the products that will unite and create new content commerce markets and opportunities.”
weTribe aims to revolutionize digital content service creation by its DApp builder platform. Its blockchain content media platform provides a decentralized, token-incentive-based content service creation and its service management for the next generation of content distribution. It provides a completely new user experience based on a new token economy for participating content producers, content service operators, and users.
WeTribe’s DApp service builder platform provides tools that enable anyone to quickly create DApps for various content services. These can include video, audio, live, VR, eBooks, and other content security technologies. It also provides various management, operation, and marketing tools that can operate the service autonomously. With these tools, it will be possible to create and manage content services in a self-branded and decentralized way, while simultaneously managing all the policies and users of its own service within its published DApp.
weTribe’s creator, David, has more 20 years of experience in developing, producing, patenting, funding, and successfully launching cutting-edge technology and platform service products. To learn more about weTribe’s new platform and all its advantages and features, visit weTribe.io.
About weTribe Foundation
weTribe Foundation is a blockchain based content service DApp builder platform that compensates those who contribute to the digital content service operation, including those who create content, those who add collaborative value to the content, and the users who consume and interact with that content. To learn more, visit weTribe.io.