Qravity is an entertainment production studio and distributor where decentralized creative teams get royalties for making movies, games, music, and more. Qravity provides a space for creative visionaries to collectively develop original monetizable digital content. The platform uses virtual tokens on the Ethereum blockchain to track digital content creation, distribute project stakes among team members, and bring Qravity-produced content finalized on Qravity directly to market. It improves collaboration and eliminates obstacles for producers and creators.
Qravity's purpose is to connect people with content creation teams. Using the decentralized Qravity network, people with great ideas can gather creative teams together to produce top-quality content. Content creators can receive royalties whenever their content is consumed, while payments on the platform take place using QCO tokens.
Qravity is a decentralized content ecosystem that provides a secure and transparent way for content creators to interact with employers. It isn’t just a job's board. It’s also a complete content production platform where people can collaborate and organize workflows. The ecosystem revolves around two tokens, including the QPT token that tracks project ownership and the QCO token used for monetary transactions.
According to the Whitepaper, Qravity only hosts commercially viable content. It will review project proposals carefully and then select those with the high market potential to ensure profitability for all project stakeholders. Existing freelancer marketplaces don’t work this way.
Qravity aims to be transparent. It will introduce transparency to the collaboration and distribution processes. Despite the added transparency, Qravity will remove middlemen and financial barriers.
The platform will use immutable smart contracts to facilitate trust in a truly digitized work economy. It promises to protect copyrights and ensure fair compensation using smart contracts, providing better security for everyone involved with the Qravity ecosystem.
The purpose of the project with examples
QCO tokens are ERC-827 tokens that serve as the transaction medium for all transactions on Qravity.
Qravity pays royalties in QCO every time a distributor licenses content or a consumer buys or rents platform content. The model is similar to existing distribution and streaming models and uses QCO as its cryptocurrency. This makes project revenue transparent for all stakeholders.
QPT tokens are given to content creators in exchange for work they complete a project. A Content creator can complete tasks in exchange for QPT. Every time a consumer or distributor buys content on Qravity, creators receive a portion of the payment in QCO based on the amount of QPT they earned for their contribution to a particular project.
Qravity will generate revenue by sharing ownership of each project. At the same time, it will generate revenue through consumer purchases of digital content from the platform using QCO tokens.
This is an independent report generated by a Coinschedule partner company. Coinschedule has no influence over its content and the views expressed may not reflect the views of Coinschedule. This is not investment advice, you are encouraged to do your own research and reach your own independent conclusions.