A few days ago, I had the chance to attend a presentation from the guys at Canistore. Here’s what happened.
As a digital marketer, I am currently exploring what innovative ways there are to share content on the internet. I am particularly interested in Web3 technologies. I believe that it would provide more freedom for creators to freely share their content and verify ownership. All of this with eliminating the need to have to share their earnings with web2 platforms as intermediaries.
If it’s not obvious enough already, my blockchain ecosystem of choice is the Internet Computer.
I’ve met a lot of interesting people within the IC community so far. They have been kind enough to guide me through all there is to explore, and this is just the beginning.
The meeting I was invited to aimed to introduce us to a new way of content storing and sharing. To say that the enthusiasm in Canistore’s CEO, Barry Paisley, and his team’s eyes was inspiring, would be an understatement. Of course, my mind was blown once again.
In a few words, Canister is a decentralized platform, living on the Internet Computer, where you can share content. If you are an artist, this would be the easiest way to monetize and own 100% of your content. The files you’re uploading, would be stored as an NFT.
In a previous blog post, I talked about how decentralized social media can provide creators with the much-needed freedom to share their work and license it through the #IC blockchain. The ability to be 100% in charge of your own creations. The process is simple, and Canistore is here to help us move forward with a new way we can share our creativity online.
If you are a musician, for example, you would sign up and go through a simple verification process. Once you’re in, you can upload your content, which you can later share.
But how did Canistore become what it is today and how it will develop in the future?
The most basic reason for the development of a product is that there is a problem that needs a solution. The issue that inspired the birth of Canistore is a very common one, that many creators are facing through current web2 corporation-owned platforms.
Currently, all content creators share their work on Youtube, SoundCloud, Spotify, etc., which prevents them from earning the full amount they deserve or simply not being able to adequately monetize and retain the rights to their intellectual property. We all know that all current social media apps take around 50% of all earnings, gained through targeted ADs, views, and followings. We’ve touched on the subject a few times before.
What’s great about Canistore, is that its developers are legit artists. They faced those issues and decided to do something about it. If you look at Mr. Barry Paisley’s introduction, you will see that just a few ideas on blockchain content development from people he met a few years ago, was all it took to spark this chain wheel of reactions. And just a few months later, he already had his team of experts and advisors. They connected on this idea of financial freedom for online creators.
Let’s break down a few terms, so we can better understand what Canistore is all about.
Licensing Protocol (dApp)
Licensing is the method that businesses and individuals apply when using content created by someone else. In most cases, middle entities take up to 50% when somebody uses another creator’s content from production companies.
Canistore’s licensing protocol proves ownership through timestamps. It also includes a legally binding agreement with global recognition. This means that any creator that licenses their work on Canistore, can distribute it on every content sharing platform while maintaining 100% of their ownership over it.
Cani – The Community’s Token
At the heart of the ecosystem lies the Cani token, which primarily allows creators to easily monetize their content.
This means that through Canistore’s native token, all the content on the platform can be governed by the community holding it, instead of having an intermediary company that makes general decisions on behalf of its community.
What’s next for Canistore?
The Canistore ecosystem is currently available only in its alpha stage, which means that you can currently only apply for consideration for early access to the mobile version. Once you have access, you can create your profile, upload content, license content, and browse through various collections uploaded by other artists that are currently testing the application.
You can apply here.
I am very excited to follow Canistore’s journey. And I would definitely keep my eyes open for any new features and news as they go. I think that this is one of the most promising dApps currently developing on the internet computer. Stay tuned for more articles on my blog.
What else would you like to see coming to the Internet Computer in the future?
