Our goal is to bring the power of storytelling back to the creators. Refound’s platform solves the compensation, inheritance, freedom of expression and privacy problems creators face using decentralized technologies, so creators' content has greater monetization potential and is resistant to takedowns and censorship.
Refound is a decentralized NFT marketplace and publishing platform. It enables a wide variety of journalists, including freelance and citizen journalists, to create, publish, distribute, and monetize. Decentralization allows creators to fully own their work, allowing better monetization of their hard work.
The user experience is easy to use, allowing on-boarding of those not familiar with crypto swiftly with the ease of use of the Celo wallet.
HOW DO I BEGIN AND JOIN?
It is amazingly simple!
You sign up on the sign-up page, connect to the Celo wallet, and upload your photos or articles to be minted into NFTs.
HOW DOES IT WORK? HOW DO I SETUP A BENEFICIARY?
The blockchain allows journalists to wrap their work in NFTs, giving them the ability to utilize the benefit of the smart contracts that govern the licensing and royalties of the content. Journalists on Refound benefit from the community as well which has the ability to support content creators by sending them a bonus. Refound stores all data on IPFS as decentralized storage.
The beneficiary process on Refound allows you to nominate a beneficiary when creating your profile, after logging in via "connect wallet" on the sign-up page. The beneficiary setting can be managed from the side panel account settings when you are logged in.
WHAT ARE THE BENEFITS OF MAKING MY WORK INTO AN NFT?
When your NFT is created it is called minting, basically the process of the NFT contract being created and recorded in the blockchain, making it non-fungible (i.e. it cannot be replaced or duplicated).
An NFT is a token which functions like a digital fingerprint and contract for the use for your photo (the asset). Content minted as a NFT benefits from the utility of the NFT smart contracts (the mini-computer program or digital contract where the terms of the agreement between seller and buyer are set in code on the blockchain): journalists who publish their work wrapped in an NFT have full control of their intellectual property and greater revenue visibility from licensing NFTs. Journalists can also reduce the emails and contractual back and forth required for selling their content and have a seamless smart contract to protect their intellectual property and revenue streams.
WHAT WILL I EARN AND WILL MY CRYPTO CURRENCY EARNINGS BE STABLE?
As you create the NFT, you will be able to set your price as well as select licensing types. This will allow you more clarity in how your work is setup for sale. You will receive 98% of your NFT sale or licensing proceeds, with Refound only taking 2% as a platform fee. Compare this to other photo and content aggregating sites in Web 2, which keep 75% to 85% of revenue proceeds for themselves and only share 15% to 25% with the creators. Refound will help regenerate your financial standing as a creator of content by giving you greater monetization proceeds of your content.
You will be able to use Celo cUSD and cEuro for earnings, which are stable coins tied to the US dollar and Euro, respectively.
WHY SHOULD I PUBLISH ON REFOUND?
Refound allows journalists to get better compensation for their work and sell to both the news and a global audience. Journalists then have a clear path to fair compensation, licensing, and revenue for their work. A beneficiary wallet function allows revenues to be passed on to selected beneficiaries. Funding pools on Refound allow for journalists to raise funds for gear.
SUBMITTING CONTENT - LEGAL
All contributors must ensure that the content they submit does not contain copyrighted materials. Refound will not accept content that is a violation of the exclusive rights of a creator.
Funding pools allow the community to direct crypto tokens to commission topics they want journalists to photograph and write about and for journalists to raise funds for initiatives they want to report on. Journalists can also raise funds for gear to assist with their reporting. With the launch of our tokenization strategy and depending on the project, community supporters can own tokens of the published content’s final value and participate in its success.
DO I RETAIN COPYRIGHT OF MY WORK?
Absolutely. Any work uploaded is fully yours and the NFT smart contracts and their immutability ensure that as well. You can register as an individual or a business as long as you are at least 18 years of age.