Baron Davis to Launch SLiC Images – A Photography and Video Rights Management Platform Utilizing NFT Technology

02/21/2023 08:58 • Daily Digest • 79 views

It is reported that Baron Davis, a former NBA player and technology entrepreneur, plans to create a photography and video rights management platform SLiC Images supported by NFT technology, which will allow creators to use unique digital signature tokens to monetize their works, and use their licenses for commercial purposes within a clearly defined time frame through a transparent bidding process. SLiC Images has received a grant of US $250000 from NEAR Ecological NFT Infrastructure Mintbase.

Former NBA star Baron Davis plans to create the NFT photography and video rights management platform SLiC Images

Interpretation of the news:

Baron Davis, a former NBA player turned technology entrepreneur, is set to introduce SLiC Images – a photography and video rights management platform that leverages NFT technology. The platform will enable artists and creators to monetize their works and leverage their licenses for commercial purposes within a pre-defined timeline through a transparent bidding process.

In the rapidly evolving digital era, the monetization of art and digital content has become increasingly challenging. With an endless supply of content universally available, it is challenging for creators and artists to protect their intellectual property rights and monetize their creations. This is where SLiC Images steps in.

The platform’s unique proposition is to provide digital signature tokens to creators that act as unique identifiers for their work copyright. These tokens will enable creators to establish the authenticity of their work and enforce their intellectual property (IP) rights and, most importantly, monetize their work through a transparent and secure process.

Moreover, the platform’s clear licensing process, with a well-defined time frame, will allow creators to explore different revenue streams such as content syndication, licensing to brands, merchandise sales, and more.

NEAR Ecological NFT Infrastructure and Mintbase have granted SLiC Images $250,000 in funds to boost the platform’s production and research aspects. NEAR is an open-source platform that supports decentralized applications, while Mintbase is a smart contract platform that enables the creation of non-fungible tokens.

Baron Davis believes that the platform’s use of NFT and blockchain technology will add an extra layer of protection to creators and enable them to receive fair value for their creations while empowering them to control the commercialization of their work.

In conclusion, SLiC Images is a fantastic initiative, catering to the much-needed requirement of creators for intellectual property rights protection and fair monetization. With the use of NFT technology and a transparent licensing process, the platform has the potential to revolutionize the way digital art is monetized, and creators receive value for their creations.

Title: Blockchain Revolutionizing the Monetization of Digital Art

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