SLiC Images: A Revolutionary Platform for Monetizing Photography and Video Rights
It is reported that Baron Davis, a former NBA player and technology entrepreneur, plans to create a photography and video rights management platform SLiC Image…
It is reported that Baron Davis, a former NBA player and technology entrepreneur, plans to create a photography and video rights management platform SLiC Images supported by NFT technology, which will allow creators to use unique digital signature tokens to monetize their works, and use their licenses for commercial purposes within a clearly defined time frame through a transparent bidding process. SLiC Images has received a grant of US $250000 from NEAR Ecological NFT Infrastructure Mintbase.
Former NBA star Baron Davis plans to create the NFT photography and video rights management platform SLiC Images
Interpretation of the news:
Baron Davis, a retired NBA player and a technology enthusiast, has embarked on a new project that seeks to revolutionize the world of photography and video rights management. Named after the founders- Baron Davis, Bobby Sacks, and Ash Vasudevan, SLiC (Sports Lifestyle in Culture) Images is a proposed platform that brings together the innovative power of blockchain and Non-Fungible Token (NFT) technology to create an unprecedented solution for photographers and videographers seeking to monetize their works.
The idea behind the SLiC Images platform is simple- creators will use NFTs, which essentially are digital signature tokens, to claim ownership of their work. By minting their photographs and videos with smart contracts, they will secure full ownership and control of their work while simultaneously ensuring clear and transparent records of the transaction history. This creates verification that their product is authentic, unique digital media with long term durability.
With SLiC Images, creators can use these licenses for commercial purposes within a clearly defined time frame through a transparent bidding process. This model is different from traditional licensing agreements, where the use of photographs and videos is often licensed for a flat fee, regardless of how successful the commercial use is. SLiC Images offers a unique approach where the creators, depending on their fame and fortune, can dictate licensing terms to the highest bidder within the platform.
The platform has received $250,000 in funding from NEAR Ecological NFT Infrastructure Mintbase, a clear indication of the potential of this solution. NEAR Ecological NFT offers infrastructure services, bridging the gap between creators and blockchain technology.
In conclusion, SLiC Images has the potential to change the way photographers and videographers monetize and license their work. The platform makes it easy and transparent for users to mint their work into secure, blockchain-based NFT tokens, which they can then use to sell their work through a competitive, transparent, and secure bidding process. This new approach allows them to monetize, manage, and protect the rights and ownership of their work. With the backing of NEAR Ecological NFT Infrastructure Mintbase, SLiC Images is poised to make a significant impact on the photography and video marketplace, offering creators an avenue for securing the value of their art.
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