How Contentos crypto is changing content industry; COS price prediction - Kalkine Media

December 11, 2021 12:21 AM AEDT | By Ipsita Sarkar
Follow us on Google News:

Highlights

  • The current content ecosystem is dominated by advertisement revenue, which adds to constraints instead of encouraging creativity.
  • Contentos’ blockchain protocol creates a “decentralized global content ecosystem” that can maintain the rights and value of tradable content.
  • At the time of writing, COS coin was trading at US$ 0.027310.

Our future is rapidly moving towards blockchain-led decentralization, be it the internet, currency or organizational structure. The digital content industry, too, is undergoing a similar paradigm shift where ownership of original content remains with the author while distributing or trading it via a peer-to-peer network. Contentos is one such blockchain platform working towards creating a “decentralized global content ecosystem” that can maintain the rights and value of tradable content.

COS is the native token of Contentos and operates on the Ethereum network. The token was trading at US$ 0.027310 (12:52 am EDT) on December 10, up over six per cent in the last 24-hours, as per details on CoinMarketCap.

What is Contentos? 

Led by a ‘nonprofit foundation’, Contentos is a blockchain protocol allowing content and NFT creators, consumers, and advertisers to come together on a decentralized to create a “unique” content business model.

Video creators can upload their pieces on COS.TV to generate revenue via video mining, NFT sales, etc.

The platform has also partnered with social media platforms like LiveMe, Cheez, and PhotoGrid.

As per a statement on its official site in September, COS.TV reported 3 million active users and a 231 per cent jump in visits in the past five months.

Also Read: How are cryptocurrencies driving Web 3.0 growth? 

How Contentos crypto is changing content industry | COS price prediction

How Contentos differs from traditional content business model?

The current content ecosystem is dominated by advertisement revenue, which adds to constraints instead of encouraging creativity. The lion’s share of the rewards is generally consumed by the advertisers or those commissioning the content pieces.

Decentralized platforms like Contentos allow both creators and users to benefit via blockchain-enabled smart contracts that let the creator reap the rewards based on usage. Users or buyers can directly pay for the content via smart contracts. Creators and advertisers also have the option of enhancing collaboration via agreements.

The pricing of a product is determined by AI-based algorithms and recorded on the public blockchain, generating an immutable credit system. Contents protocol also enables “quick and comprehensive access to copyright information”.

Also Read: Top cryptos by market cap that ruled in 2021 

Contentos crypto price forecast

Image source: Pixabay

Contentos (COS) Coin Price Prediction

COS coin’s current supply is over 9.95 billion, with more than 3.63 billion in circulation.

At the time of writing, COS coin was trading at US$ 0.027310.

The decentralization theme is likely to rule the coming years. Beginning 2022, we may see widescale adoption of blockchain technology, which may contribute towards COS coin's value appreciation.

Given the public momentum in cryptocurrencies, COS coin may hit US$0.040 in 2022. However, a bear run in crypto markets may result in its value plunging.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.



Top ASX Listed Companies

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK