CreativeCoin has been defined as that of a cryptocurrency that is catered for creative communities who produce or distribute digital content.
Riding on the trails of the cryptocurrency boom, we now delve into another player on the market, CreativeCoin (CREA).
CreativeCoin has been defined as that of a cryptocurrency that is catered for creative communities who produce or distribute digital content. It can be accessed worldwide, and just like any cryptocurrency, does not suffer the doom of inflation and the irreparable damage of counterfeit.
One of the benefits of CREA is that you can transact anonymously. This would make it easy for authors who prefer registering their works or content anonymously.But despite the anonymity, CREA makes the registration and distribution of content in a way that makes it easy to certify or register original works.
CREA targets centralized powers of copyright management systems in charge of handling original content. CREA provides for its users a more public alternative to this process using its distributed blockchain method.
No middlemen are involved in content distribution. In CREA, content goes to a peer-to-peer network that eradicates the need to have middlemen in the transaction of acquiring original work, to whom prices of works become expensive due to the additional fee imposed.
CREA can also handle contracts between buyer and seller of content, peer-to-peer distribution, author registration to handle indelible stamps signifying intellectual property, Dapps creation which involves other platforms to incorporate their work to the system, and even a social network where communities of budding and prolific creatives go and mingle.
More than these, CREA also rewards distribution of content. Artists, authors and all of their creative works shared will be given the chance to download Creative Commons licenses for free. They also give the authors of work royalty free purchases for use in any of their future projects. Authors can also go into an equity crowdfunding where a small percentage of the distribution is spread among contributors alike to pool of funds. And if the author needs donation, CREA also takes care of that by allowing donations for all the works registered in either CREA or Bitcoin.
There are a lot of people involved in the CREA community. Creators who distribute their content online, consumers or fans who purchase the creative works, companies seeking to distribute digital content, cultural centers who can now easily seek the rights of distribution to showing and displaying works of art, and even lawyers are now joining in, realizing that this network helps in their job to defend the rights of copyright owners.
While all of these may just be basic info for now, you can learn more about Creativecoin (CREA) in their website: https://www.creativechain.org/project/. You can download in their site their wallet and also learn more about what Creativecoin has to offer.
We are indeed lucky to see the rise of cryptocurrency. It is high time that people learn and appreciate the power that transacting using digital cash can bring. This proves that we are stopped at nothing, and this is just the beginning of the phenomenon that is cryptocurrency.