News Room For Creatives, Distributed New Economy Is Growing In Capacity
Bitcoinist | Aug 16, 2018 | 08:00
Creatives from multiple industries and those on the other side of the transaction – buyers and consumers of content, may soon do business on a single platform. Within the Zeepin Ecosystem, all participants will benefit from diversity of different projects. Zeepin’s team aims to incorporate original ideas into powerful applications running on their Blockchain.
Zeepin is an A-Z workplace platform for innovators, aiming to create a fair and efficient business environment. The foundation can be summarised as a public facility in the blockchain with various tools (dApps) available for use. These dApps are designed to solve problems related to the protection of copyrighting innovation, remote cooperation, talent recruitment, and project financing. For example, one of the fundamental dApps for the Zeepin community is ZeeRights, which helps innovators in copyright protection, insures tradable digital assets, and assists in solving disputes. Other dApps include:
- Crowdfunding (ZeeFund)
- Connecting creators and those looking for their content (ZeeCreate)
- Copyright protection (ZeeRights)
- Insure digital assets (ZeeSure)
- Insuring competence (ZeeTalent)
- Global team recruitment (ZeeCrew)
ZPT is a non-refundable token that will be used as a means of exchange between participants on the Zeepin platform. It’s also the means of payment for using the dApps on their chain. Additional ways of using ZPTs will be introduced by platform developers in the near future.
Zeepin’s aim is to engage entrepreneurs, small business owners, and creative teams to run their business with the help of Zeepin chain. The company is already working on their own initiatives to realize their vision and support this emerging blockchain.
One of such support projects is an alternative solution to the problems of centralized data storage. The system is called GalaCloud – a distributed storage solution, where users can keep and transfer their files. Shards/pieces of files are encrypted and then stored on GalaBox nodes. GalaHub nodes are then set up to dispatch those shards and coordinate data flow in and out of GalaBoxes to/from users.
Users who will share their storage through GalaBox will be able to mine Gala tokens as a reward. Zeepin is in its second round of GalaBox crowdfunding through ZeeFund. The total supply of GalaBoxes will be 60,000, and depending on needs for storage space, more may be manufactured over time. GalaBoxes will be sent to users anywhere in the world at no cost – currently obtaining a GalaBox is free and only requires a lock-up of certain amount of ZPTs for 18 months. Future rounds will require users to pay for their devices.
The recruitment of candidates to become one of 49 GalaHubs is ongoing until August 25, 2018. The selected candidates will be announced by the end of August, their contributions will start in November. All candidates must match the protocol criteria defined by Zeepin. Detailed information on GalaCloud, GalaHub, and GalaBox, as well as revenue projections can be found in the GalaCloud Whitepaper.
Zeepin is also involved in gaming and entertainment. One of their dApps – CryptoGalaxy is an interactive game for adventures in the first virtual crypto universe powered by Zeepin Chain. Users can purchase planets with various characteristics, travel around the galaxy earn Gala tokens by digging minerals on various planets.
Those who own ZPT can send them to an in-game wallet and receive daily rewards in Gala, earning passive income in tokens. Gala also serve as utility tokens, similar to gas for Zeepin chain. They’re used for transaction fees, smart contract deployment, and to access GalaCloud storage space. Various uses of Gala tokens make the game attractive from both experience and revenue perspectives.
Is Zeepin a blockchain enabled alternative to workplace platforms such as Fiverr?
It definitely adds innovation into the current landscape and has potential to change the market. Zeepin comes with a diverse portfolio of use cases and real-world applications, which brings additional sustainability to each individual project in the ecosystem. A solid portfolio of dApps accords with the company’s vision of developing a new distributed economy – so it might just become a big player in the creative industries and beyond.
Zeepin Chain Mainnet is launching at the end of August and the token mapping process starts soon. Their Medium publication and Telegram channel are good sources of information on the upcoming developments.
Feature image courtesy of Shutterstock.
