Former NBA star Baron Davis plans to create the NFT photography and video rights management platform SLiC Images

It is reported that Baron Davis, a former NBA player and technology entrepreneur, plans to create a photography and video rights management platform SLiC Images supported by NFT technology, which will allow creators to use unique digital signature tokens to monetize their works, and use their licenses for commercial purposes within a clearly defined time frame through a transparent bidding process. SLiC Images has received a grant of US $250000 from NEAR Ecological NFT Infrastructure Mintbase.

Interpretation of this information:

Baron Davis, a former NBA player and technology entrepreneur, has recently announced that he plans to launch a photography and video rights management platform called SLiC Images. What sets this platform apart from other similar ones is its integration of NFT technology, which enables creators to use unique digital signature tokens to monetize their works.

NFTs or non-fungible tokens are unique digital assets that are verified on a blockchain network, allowing digital artworks to be authenticated, owned, and sold like physical art pieces. These NFTs have been gaining significant attention in recent months, with some digital art pieces fetching millions of dollars at auctions.

With SLiC Images, photographers and videographers will be able to tokenize their works using NFTs, which will enable them to protect their intellectual property rights and monetize their creations. These tokens will also give buyers a transparent record of ownership, offering a clearer picture of who owns the rights to use the creations.

Moreover, the license for the commercial use of these works will be sold through a transparent bidding process within a clearly defined time frame. This will enable buyers to access high-quality content legally and safely while helping creators earn revenue from their work.

Baron Davis’s SLiC Images has recently received a grant of $250,000 from NEAR Ecological NFT Infrastructure Mintbase. This funding will help the photography and video rights management platform to expand its service and reach more creators and buyers in the market.

In conclusion, SLiC Images by Baron Davis aims to provide better rights management and monetization opportunities for creators through the use of NFT technology. The platform can help bridge the gap between creators and buyers, enabling more transparent and safe trade of digital artworks.