K.im, the digital publishing platform from Kim Dotcom, aims to pay creators in cryptocurrency
The K.im publishing platform founded by internet entrepreneur Kim Dotcom, the founder of encrypted cloud storage platform Mega, today announced the availability of private proof-of-concept demonstrations that will give creators a chance to see how they can publish and sell their digital media.
Using a decentralized approach, supported by bitcoin, K.im has created a platform that allows artists, content creators and digital businesses to allow them to sell digital goods directly to end users without the need for intermediaries and without the fear of censorship.
The token sale plans to raise $8M by selling Kimcoin, with the symbol KIM, which is the native cryptocurrency of the platform and provides access to all of its functions.
These functions include access to the K.im payment ecosystem, an exchange of value for creators and publishers who want to sell digital assets, and it also acts as a subscription fee for access to customized shops and promotional services on K.im.
With this platform, a musician could create an album, put it into a digital format and upload it to K.im. From there, the assets are encrypted (twice) and stored. The creator can then set a price tag in USD or Euros.
Purchasers can then access this encrypted file via a shared sales link. Once on K.im they can preview the file name, to make sure it’s the one they expect, and then purchase it for bitcoin (matching the sale price). Once the transaction is complete, K.im decrypts the media file and the customer’s browser downloads it.
The proof of concept demo, available today, will give users access to the entire backbone of the K.im publishing platform. It is fully functional and allows the upload and download of files – and a full demonstration of the market and sales capabilities.
The goal of the K.im platform demo is to show the current state of development, the user experience and the reality of this technology.
It will also presage the release of development tools and application programming interfaces for outside developers to integrate the platform into their own file sharing apps. That would enable an entire ecosystem where digital assets could be bought and sold from alongside cloud storage digital content distribution.
The demo will be made available only on a request-only basis. Interested parties will be given access during a 50-person a day roll out. It will be made available through the use of Testnet bitcoin wallets so people don’t need to spend real bitcoin on a demo.
The platform’s planned public launch will be sometime during the third quarter of 2020.
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