Blockchain based image cryptocurrency 'PIBBLE' launches global ICO
(4 months ago)
SEOUL, South Korea, Feb. 23: PIBBLE, a cryptocurrency based on blockchain, will start pre ICO from March 14 and launch global ICO from April 1.
The currency is created in the world's first and the only incentive image ecosystem where professional and public share and get rewards in one place.
The PIBBLE project started from contemplation on copyright management as qualified images are shared on SNS including Facebook, Instagram and others without proper compensation. By opening a decentralized marketplace based on blockchain technology, PIBBLE is committed to creating a sound and enormous ecosystem, allocating revenue to both creators and contributors with maximized voluntary engagement.
At PIBBLE, creators receive compensation when they upload their creations to the system. When a creator gets 'Up-Votes', he or she will be given additional compensation accordingly. Once images are registered, each image is assigned with a unique serial number, allowing the block chain system to track unauthorized usage and distribution.
In particular, PIBBLE is planning to prevent the unauthorized use of images such as screenshot through image tracking system called BitDNA Pro. Added with blockchain technology, BitDNA Pro is an upgraded version of Contents Pro that has been already partnered with famous global corporations such as Adobe.
A star-studded development team, which boasts a strong capability, took part in the establishment of the PIBBLE image ecosystem.
Park Young Gi, CEO and a key technologist in the face-finding platform 'Pudding' that has created a stir in Korea and Chae Doo Byeong, CTO and head manager in charge of a development project of Watson, AI system at IBM Research Center in Korea are leading the PIBBLE project.
Partner companies are also drawing attention.
Many prominence enterprises - global stock companies like Shutterstock and Getty Images Korea, Virtualtek, a company listed on the Korea Stock Exchange and specialized in e-commerce and game, global media company Kiwi Media group, and Etomato which operates one of the representative brokerage firms in Korea, are also participating in the project.
Professor Paul Iske, who is regarded as a great innovator of in the financial industry and venture start-ups, is also participating as PIBBLE advisor. He served as the Chief Communicator Officer of ABAN AMRO BANK in Netherlands and a co-founder of Next Generation Finance.
PIBBLE expects the global image market, currently estimated at 2 trillion won (18 billion USD) will expand faster through the project. According to the global market research company 'TechNavio', the global image market will grow at annual average of 8% over the next three years, and the market volume will reach 4 trillion won by 2021."
"The PIBBLE project will create a decentralized business model in which profit is distributed to the content creators unlike the existing centralized revenue structure, centered on the SNS operators. We will make sound image market in which profit can go back to creators," said Lee Bo Ram (Treadi Lee), founder of PIBBLE.