What is Envision?

Envision is a Web3 solution dedicated to giving stock media creators the power and control they deserve. Deriving utility from NFT and blockchain technology, Envision facilitates the peer to peer exchange of stock media content where content creators market and sell direct to consumer, avoiding hefty fees or forfeiting rights as per current Web2 solutions. Built on the Ethereum blockchain the Envision Stock platform will act as a tailored NFT marketplace with the UI/UX specifically for the purchase and sale of stock media. 

What is Stock Media?

Stock media takes many forms, still images, videos, visual effects etc. What makes this content stock is the intended use. Typically, stock media hasn’t been created for any specific need or project and can be used many times over for different projects. The use case for stock media is very broad and could be found in Hollywood films, marketing/ PR campaigns, publications, etc.

Why is Envision needed?

Currently content creators are reliant on large web2 solutions to purchase their content outright. The creator is forced to forfeit ownership rights leaving them with no control over how the content is sold or for how much. This leaves a situation where content creators are forced to sell the rights at significantly lower prices than what that piece of content may actually end up generating in many cases the creator receives as little as 15% of the revenue. 

How will Envision fix current issues?

The Envision Stock platform is completely fee free which means 100% of the content revenue goes direct to the creator. This allows creators to reduce their pricing, leading to a net benefit to both sides of the exchange and creates a more open transparent market than current solutions.

The Envision platform will leverage blockchain technology to provide proof of ownership via smart contracts. Content will be accompanied by a Non-Fungible Token (NFT) which corresponds to that specific piece of content. The NFT will provide proof of ownership which is validated by participants on the network so there can be no dispute over who owns the rights to said content. The functionality of NFT’s gives the content creator the control to either sell complete ownership rights, rights to one in a limited collection or single rights to one of many.

What is VIS?

The Envision platform will be powered by VIS which is Envision’s fungible ERC20 utility token. VIS tokens are the exclusive form of payment on the ENVISION marketplace where consumers exchange VIS tokens for the NFT associated with a piece of stock media directly with the content creator. VIS tokens are also used to distribute rewards, fund the platform and incentivise platform participants/token holders.

What are features of VIS?

0.2% of all VIS transactions are burnt, assisting the stability of VIS
0.5% of all VIS transactions are sent into locked liquidity pool, reducing circulating supply and increasing liquidity as adoption increases


Who is the core team behind Envision?

Thomas Iffla has run a number of successful film and production companies for over 10 years and was growing increasingly frustrated by the antique and clunky methods to buy and sell stock media (photos & videos). It was this frustration that led him to co-found Envision with Miles Bradley and Andre Lissiman. 

In addition to Thomas the founding team consists of Miles Bradley who with a background in corporate foreign exchange heads up all things finance and Andre Lissiman who has owned and run e-commerce businesses for over a decade sits as the head of creative. 

Platform development is overseen by Jack Viner who brings over 20 years of software development experience and has the head of technology title. Joining Jack is Dave Robartson who has the lead software developer role leveraging over 20 years as a full stack developer.

Links

Launch Page - https://envisioncoin.finance/
Discord - https://discord.gg/rashk2SvMT

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Kleros (PNK) is a decentralized dispute resolution project that launched in July 2018. It is an open-source online dispute resolution protocol that uses blockchain and crowdsourcing to adjudicate disputes fairly.

Kleros offers a middleman service for decentralized applications (DApps) and their users. If the service provided by the application does not create a dispute, Kleros acts as a trustless third-party service for payment.

When a dispute does occur, however, each party can apply for arbitration through the Kleros arbitrators that are selected from the owners of PNK tokens. PNK is an Ethereum-based ERC-20 utility token with a fixed supply.

At this point, the jurors can make a decision that will favor either party. The arbitration fees are distributed to all arbitrators in the form of ETH; jurors who have issued a minority decision lose part of their PNK tokens for the benefit of the majority of jurors. This decision can be appealed, at a cost. The stated mission of Kleros is to offer easier access to justice and improve individual freedom.

Kleros charges a cost that is payable in ETH and is provided by the parties to the dispute or drawn from the funds previously locked in escrow.