PUBLISH

PUBLISH is pleased to announce it has participated in a roundtable on blockchain and the future of journalism on August 26th.In the conference &#34;2022 Future of the journalism&#34; which was held on August 26th, there was an opinion that blockchain is the new solution for journalism. The main reason was that blockchain could bring new business models and ecosystem through decentralization, NFTs, and so on. This could also bring back the initiative from the platform to the journalism industry.Many of the participants pinpointed that the problem is on the platforms. Kwon Sung-min, CEO of PUBLISH also mentioned news labs and ad agencies around platforms such as portal is the problem. &#34;The tragedy is on the news consumption,&#34; he said. &#34;As most of the news consumption is oriented in the platform, they take 60% of the original ad fee by technology. And by doing that, the profit and the wager of the journalism industry falls but the news production and distribution are increasing for maintaining the traffic&#34; and mentioned, &#34;This is a tragedy for journalism overall.&#34;But through blockchain, the new type of ecosystem can be up and running without going through the platforms. And the interactions in the ecosystem will be for the members alone. PUBLISH create an ecosystem through NFT and a compensation system. Like in TokenPost for example, the company within the PUBLISH ecosystem, there are cases that the revisiting rate exceeds 5 times after compensations such as NFTs. This could be a leading case for making a breakthrough for the somewhat depressed journalism industry.You can see the original article in the link below.http://www.mediatoday.co.kr/news/articleView.html?idxno&#61;305601

PUBLISH CEO participates in roundtable on blockchain and future of journalism

PUBLISH

2023년 4월 4일에 게재된 다른 기사

Saudi Public Investment Fund’s Venture Arm Discloses Partnerships with U.S. VC Firms

Bitcoin outperforms other asset classes in Q1 2023; is this a time to invest?

PUBLISH grants 206,000 NEWS to 106 journalists from 13 media outlets in first month of 5-month gi...

Web3 Football Metaverse TOPGOAL Scores Big Investment from DWF Labs to Build Metaverse Sports Exp...

PUBLISH's NEWS token now available for trading on South Korea's Bithumb exchange

How Far XRP’s Surge Will Be Retained?

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!