Platform Takes on YouTube and Spotify to Protect Copyright and Help Artists Make a Living

A blockchain platform is enabling creators to share their music, videos and webtoons with the masses, all while ensuring that their copyright is protected.

The company claims that an extensive range of Korean and global artists have gotten involved with its platform so far, delivering exclusive, limited-edition content to fans.

Changing tuneAccording to ContentsDeal, the evolution of platforms such as YouTube and Spotify - which enable consumers to listen to music on demand - have been great news for the public but frustrating for content creators.

Spotify has been a long-running sore point for artists - and according to CNBC, payments through this platform can vary anywhere between $0.006 and $0.0084 a stream, meaning one million plays of a song would may only generate a maximum of $8,400.

The startup also plans to help the webtoons industry, and claims that platforms have been failing to develop at the same pace as content creators.

The blog post adds: "This instability of the webtoon industry structure is counterproductive in regards of growth and fresh content, thus the need for a fair copyright policy is crucial for its survival."

ContentsDeal officially launched on Jan 29, and a series of events have been taking place to help the platform gain momentum.

Users are being invited to take place in a test transaction contest so they can help the company ensure that its system for purchasing and reselling content is fully functional.

The startup is also inviting the community to share feedback about their experiences while using the platform - especially if they've got any ideas for improvements or have encountered any bugs.

Looking ahead, ContentsDeal is hoping to forge new partnerships to enhance the breadth of music, webtoons and videos on its platform.