Blockchain Platform to Help Content Creators Earn Fair Pay for Music, Movies, Games, eBooks

A new decentralized content production and distribution platform is using blockchain to ensure project founders and content creators receive fair compensation for their hard work - helping passionate and talented professionals in creative industries to earn a living.

Built on the Ethereum blockchain, the platform uses virtual tokens to securely record every project's progress and guarantee that every team member has a stake in the project.

Qravity then distributes profits derived from finished content among its creators and project founder according to their respective stakes.

The company's founder and CEO, David Brandstaetter, explained to Cointelegraph: "Qravity tracks tasks in such a way that creative members receive stakes in the content they help make. For example, a person who writes lyrics for a song gets a share, say five percent, of the song's revenue. Every time someone buys that song, the lyricist gets five percent of that payment."

Content creators receive an immutable and transparent record of their project stakes in the form of a digital token known as QPT, an asset which is used internally within the ecosystem and cannot be purchased on crypto exchanges.

Qravity's cryptocurrency is called QCO; within its ecosystem, individuals and distributors can use it to license or purchase content directly.

Helping content creators make a livingTo emphasise one of the benefits of its platform, Qravity highlights the case of the 19th-century poet and author Edgar Allan Poe.

Project already in the pipelineQravity says it plans to only host commercially viable content, reviewing all proposals for new projects carefully to ensure that stakeholders stand to make the highest possible profit.

It will begin accepting proposals for new content in January 2019, after it updates the platform according to beta testing results.

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