Imagine a space where the joy of sharing stories extends beyond boundaries, bringing people closer and offering rewards along the way. That's Metale: stories global, rewards personal!
What is Metale?
Metale isn't just another content distribution platform. It's a community-run ecosystem that redefines how we share and experience stories. It taps into the power of blockchain and AGI (artificial general intelligence) technologies – paving the way for a global exchange of stories.
Doesn't matter if it's a scary, funny or sad story – there's a spot for everything. The cool part is readers can check out these stories and if they really love something, they can own a piece of it in the form of NFTs. It's like saying, "I love this, I want to keep it!"
And it's not just about collecting stories either. You can join in discussions, give feedback or even share stories you like with others. Don't worry if it sounds a bit techy; it's not. Everyone's there to help each other out and there are tools to help you do all sorts of stuff.
The best part? It's not too complicated. Metale makes it easy to join in, have fun and be part of a community. Whether you're there for stories, tech or just to meet new people – it's all about sharing and enjoying the creativity.
Ready to dive in and see how it all works?
Challenges with traditional content distribution systems
In the traditional content distribution landscape, monopolistic control is often exerted by a handful of large publishing institutions.
This dominance over content distribution has its pitfalls. Authors rarely get to fully benefit from their copyrights. They often find themselves parting with their rights for extensive periods. All while being kept in the shadows about intricate licensing revenue details.
This centralized approach to distribution can also hinder the flourishing of diverse content. Readers might get limited exposure – predominantly to what's been stamped as commercially viable – rather than a vast expanse of quality literature.
Global reach of these traditional systems is also notably hampered
Centralized publishing entities often struggle with international copyright collaborations. Their focus narrows down to content that's already garnered commercial success. This restrictive approach has repercussions. Authors are deprived of worldwide recognition and diverse revenue avenues. Whereas readers often miss out on rich and diverse content.
Problems with transparency, commission and service provisions
Traditional platforms are marred by a conspicuous lack of transparency – leaving authors in the lurch about their earnings and distribution strategies. High commission rates further cut into their earnings, with some platforms skimming off up to 90%, leaving authors with a paltry sum.
For new authors, this landscape is even more daunting with high entry barriers and a dearth of essential tools and support.
Metale is here to shake things up in the content world. Instead of the old way, where just a few big players decide what we read and how authors get paid, Metale is all about giving power back to the community. Everyone gets a say and it's not just about who shouts the loudest.
Plus, authors won't feel like they're getting the short end of the stick anymore. They'll know how much they're earning and why. And for readers? A world of stories from all over just waiting to be discovered.
Let's see how Metale makes it all possible.
Unraveling Metale's core mechanics
Metale's content platform is a sophisticated fusion of tokenized systems and intricate mechanisms redefining both content distribution and consumption.
At the heart of this ecosystem is Metale's native token $RCM which is instrumental to content distribution. This token (capped at a circulation supply of 7 million) intertwines with various other elements of tokenomics.
As users navigate Metale's vast reservoir of books and authors, they're introduced to OWN2N system. More than a simple reading interface, OWN2N transforms the reading experience into an investment opportunity by allowing users to stake their NFTs – drawing upon a Proof of Stake mechanism – and in return, earn $RCM rewards.
Another unique feature, READ2N, capitalizes on the Proof of Work mechanism, enabling users to mint tokens associated with $RCM. This not only enhances users’ reading journey but also adheres to a reward system: Deeper engagement equals higher returns!
Delving deeper into governance structure, we encounter bNFT — a specialized NFT focused on digital copyright management. This feature empowers authors to contribute their copyrights to a DAO, which in response, sets community-driven guidelines for content and releases a certain number of governance NFTs.
Metale's bNFT adopts a mint-to-trade model, automatically depositing all consumed RCM during minting into the liquidity pool of the bNFT Collection. Yes, all bNFT minting is completed by consuming RCM. This approach ensures long-term liquidity for long-tail bNFTs and represents a significant innovation in the NFT market.
This effectively decentralizes copyright management, reinstating power and control to creators and the broader community. In contrast, iNFT serves a more transactional purpose. It's the facilitator of several platform-specific activities, notably those concentrated on financial facets of content ownership, trading and leasing.
An interesting interaction emerges when users holding iNFT opt for cash payments. Such transactions trigger issuance of $RCM tokens but at a discounted rate. Additionally, a provision exists allowing users to stake their $RCM, burn their bNFT and then proceed to mint iNFT.
By seamlessly merging copyright management with blockchain tech, Metale guarantees a digital space where authors and creators exercise greater autonomy and stand to gain from a community-led governance blueprint.
These underlying tokenomics, characterized by intricate supply-and-demand dynamics, holds the promise of cultivating a prosperous economic environment beneficial to both creators and their audiences.
With emerging decentralized platforms like Metale, the power is back with the people who create, consume and distribute content – inspiring creative storytelling and making meaningful connections around the world.
If you're a creator or someone with a passion for the digital frontier, join the Metale community today and be part of this global movement. Visit www.metale.world for more information.