Content Industry and NFTs
It is getting bigger
The PAGE Network is an online content theme park platform based on NFTs. The PAGE platform has three main goals. The first is to solve the distribution of illegal copies of IP content with NFT technology. Secondly, it will enable the direct exchange of content between content producers, consumers, and investors. Finally, it aims to establish a decentralized platform through a reward ecosystem based on a transparent settlement system.
Welcome to the PAGE Network!
Currently, there is a tendency to view NFTs as a means to form new industries in the business ecosystem. If the blockchain-based economy is activated in the future, it is expected that NFTs will also be used in various fields. In the content market, a new type of transaction that has not been seen before will appear, and the use of NFTs is showing. Please see below for details
Content and NFTs
New transactions are possible because intellectual property (IP) has been transformed into a liquid asset. Through this, there is a movement to use it as a means of generating another form of profit.
In the game field, we are promoting models that can acquire assets through games, such as P2E (Play to Earn) and PAE (Play And Earn), and are actively trying to incorporate NFT into games. However, it is currently impossible due to the <Act for the Promotion of the Game Industry>. However, the opinions of the industry and users are still divided.
In the video industry, movies, dramas, entertainment shows, and OTT original contents are produced, sold, and auctioned with various NFT contents, and there is a lot of interest in it because ancillary revenue can be generated in addition to the primary revenue.
In the music industry, companies trying to lead the NFT by building a dedicated metaverse while experiencing a reduction in performances due to COVID-19. As for the system, they are trying to create products using NFT from large entertainment companies to platforms.
In the webtoon field, there are getting high profits by making famous scenes from popular webtoons into NFTs. Large platforms (Kakao, Naver), who saw the potential, have established tradable subsidiaries to focus on the NFT business. And illustrations of many individual artists are also traded in the NFT market.
In the business area, they aim to maximize profits through a model that can generate secondary and tertiary profits through OSMU (One Source Multi Use) using existing IP. Therefore, from the first stage, such as a web novel, to NFT sales are taken into consideration.
Through NFT, creators can directly trade their works or additional products with users without going through an intermediate platform (large company platform, etc.), creating a new market where profits can be guaranteed.
In the era of mass production of small items in the industrialization era, the market where users can own based on the scarcity of maniac fandoms beyond small batch production of many kinds can be activated, and it has become possible to interact more closely with creators.
How about PAGE network?
PAGE Network is also an online content theme park platform based on the wide availability of NFT. It protects the IP (intellectual property) of content from illegal copying through NFT technology and enables direct exchange of content production and consumption. The transparent settlement system guarantees more stable revenue for content creators, and creates an environment where consumers can directly contact producers without going through multiple distributions.
