Qravity: A Project that Unites Creatives Through Rewards Launches Its Alpha Version

Qravity has announced that its demo platform is now ready for scrutiny and use by the public. The project is designed to allow digital entertainment creation and distribution across decentralized teams. The teams will be able to share, collaborate and create new content and also earn royalties.

In their detailed whitepaper, Qravity states that it plans to offer a welcoming space for all creative minds to create monetizable virtual content collectively. Some of the major types of digital media that users can build on this platform include films, music, and video games among others. Also, an accompanying short video helps to summarize the significant features of Qravity.

Through using Ethereum-based smart contracts and a unique token, the creators can keep track of the creation process, distribute the stakes among the team members and thereby take the digital contents directly to the market. Creators will receive a stake in any project they assist in completing, and after that receive royalties based on those stakes after the material starts being consumed. Qravity says that they assess all project proposals thoroughly and only approve those with a high market potential to allow for maximum profitability for all stakeholders.

The new Qravity platform will also ensure better communication across decentralized team members. For instance, project management is streamlined thanks to the inbuilt tools that guide creative teams as well as helping to track contributions and progress of the production across multiple stages.

The Qravity ecosystem will feature two tokens: QPT for tracking project ownership and QCO for performing monetary transactions. The QPT tokens are meant for application within the ecosystem and are not accessible for purchasing in the ICO. Content producers will earn these tokens after completing specific project tasks. Meanwhile, when end users rent or buy digital content, creators will get a percentage of every payment in Qravity QCO, based on their contribution or stake.

Based on the proposed Qravity roadmap, a fully functional digital platform will be ready by the final quarter of 2018. The platform will also launch its pilot project titled Lizzard Maddox, a 3D animated feature-length movie that is expected to be ready in the first quarter of 2019. Additionally, Qravity will also start to accept new submissions for digital content, as well as running workshops, events, and tutorials for creatives all over the globe.

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