OK, here's a list of the most interesting items brought up by Jonathan's Q&A last night:
Within four years, Image Protect has gone from a Silicon Beach start-up to a thriving organization with 55 million images from over 450k (That’s right, 450,000+) photographers and 40+ Media agencies from across the globe. Even though it was little more than just a concept in 2017, we launched IPShare this week and are replacing images on 5 million websites.
From a photographers perspective: Our platform uses reverse search and image recognition to automatically discover and replace images online with the same or higher quality IPShare:tm: formatted image.
IPShare is an embeddable and interactive image format much like a YouTube video.
Once an image is converted to the IPShare format, the publisher copies the link or embed code and ads it to their webpage or blog posts.
The image is never in their possession and remains on the Image Protect's servers.
We then monetize the image with an in-image advertisement and marketplace links. The creator and publisher both share in the ad revenue generated by that image on the webpage or blogpost. It is a win-win for everyone.
We've made it difficult, and sometimes impossible to download and/or screen grab the image. But, we've made easy to share the image through social channels and/or through the embed code. The more it is shared, the more it can be monetized.
We are in discussions with multiple exchanges, but are in contractual negotiations with Open Finance Network. we should mention that the IMAGE token is a fully compliant security token - that’s why we can discuss ROI, recurring income, etc.
Blockchain is central to our success. We are creating a large ad network that requires transparency. We are also creating a very large decentralized marketplace, each image will contain links to purchase a stock photo license for the image and/or purchase a print for framing. Each transaction will be recorded through smart contracts on the blockchain.
Additionally, all historical licensing data will be stored and linked to uses we find when crawling the Web. Creators will now have access to licensing data that previous was not available to them in the current environment. We want to make sure each creator gets paid for their work.
We are working to make IPShare a native format in your phone and digital camera, so that when you post your images online, they will have in-image ads as soon as they are posted.
Yes. For video, think YouTube. YouTube is exactly who we had in mind when creating IPShare. The difference is IPShare is decentralized and our images are worldwide. Regarding other media, we are researching applications for VR, AR and live streaming of events.
We finished converting 7.5 Million images to IPShare. We launched this week. We are replacing image on 5 million websites over the next couple of months. And we are already in discussions with an ad network to monetize the images.
