Invest in Movies and Manga with Cryptocurrency! The Token Version of “Kickstarter” INKubator has been Released
On August 17, the blockchain project Ink from Singapore held a product presentation in Seoul, South Korea and announced the launch of INKubator, a creative content asset trading platform.
INKubator is a content asset trading platform developed using blockchain technology. INKubator has three main functions. One is a time stamp function to register the copyright of digital content. The second is a crowdfunding function to finance movie, manga, and other content through tokens. The last is an exchange function that enables token trading between investors.
With INKubator, content creators can solicit funds through crowdfunding and issue exclusive IP tokens for their products. Meanwhile, investors can participate directly in crowdfunding using INK or other digital currencies and acquire IP tokens. After a successful crowdfunding, fans with tokens will have the opportunity to exchange their tokens to obtain certain rights. Also, IP tokens can be traded freely in the INKubator digital currency trading market.
In this way, even ordinary users will be able to participate in early investments of content projects like angel investors and enjoy the benefits of the successful projects. Of course, they can also enjoy the capital gain of IP tokens that increase in value. INKubator is trying to realize content incubation, financing, and cashing through tokens.
June Choi, the co-founder of Ink, says, “The creative content industry represented by movies, novels, music, etc., is a huge market, and its growth is supported by excellent content. However, the current industry is not an optimum environment for creation. There are problems such as lack of copyright protection measures, inefficient financing, and lack of cashing channels, which deal great damage to the original creators’ willingness to produce content. Ink will expand INKubator to aid in the creation and protection of content using blockchain technology. INKubator aims to support and encourage content creation, and to promote the prosperity of the content industry environment around the world.”
