As technology advances, content creators face more difficulties in protecting the copyrights of their creations. Counterfeiting, plagiarism, and other related activities can cause financial harm to content creators. But how can one effectively protect the copyright of one’s content in the digital era? Blockchain technology could be the answer.
The Internet has become a breeding ground for copyright infringement. Do you like that tune by your favorite singer? Download it. Wouldn’t that picture look nice on your wall if you printed it? So, download it. Millions of Internet users daily download content worldwide without paying royalties to the corresponding creators.
Although several countries have laws that protect content copyrights even on the Internet, the lines of ownership are usually blurred online. That is why detecting and punishing copyright infringement on the Internet has been nearly impossible. But blockchain, the same technology used in most cryptocurrencies, can change this situation.
Even though most applications of blockchain technology are in finance, there is no reason its use should be limited to that field. A blockchain can be an immutable database of content information such as registration dates, provenance, and contact information. This way, content creators can effectively protect their copyrights. Let us see how.
Through information on a blockchain, tracking the authorship of a piece of content would be straightforward. Likewise, one can verify who has downloaded the content to claim remuneration. If someone refuses to pay royalties for content consumption, blockchain provides evidence of usage for creators to file legal suits and collect statutory damages.
Currently, several companies already offer copyright protection services using blockchain technology. Companies such as Binded, Ascribe, Pixsy, and Mediachain, to mention a few, allow finding and trading content and artwork without infringing copyrights. Although there is still much to be done, it is clear that blockchain can revolutionize copyright protection shortly.
The Contentos (COS) Project
Contentos is a blockchain-based project aiming to develop a fairer decentralized platform for content creators. This platform focuses on video production but also addresses other types of content. Contentos seeks to create an open and equitable way to deliver, promote, and protect the copyrights of content creators while ensuring fair payments.
To address the specific needs of the content industry, Contentos has developed a blockchain capable of delivering transaction confirmations immediately. For this sake, it utilizes its Self-Adaptive Byzantine Fault Tolerant (saBFT) consensus mechanism. The Contentos platform comprises three main infrastructures:
- A decentralized digital system for the distributed storage of content.
- A financial system to manage payments via smart contracts.
- A social network to generate, deliver, and disseminate content.
One of the functions of the financial system listed above is the creation of the Contentos (COS) coin for transactions on this platform. This digital token operates on the BNB Beacon Chain (BEP2) platform. Contentos held an initial coin offering (ICO) in 2019, selling over 3 billion tokens of the total supply of nearly 10 billion.
The most relevant metrics of the COS token as of November 22, 2022, are given in the table below. According to CoinMarketCap, COS is the 551st most valuable cryptocurrency by market capitalization.
Contentos (COS) Price Prediction for 2023-2025
The COS price was around $0.0044 as of November 22, 2022, below its initial trading price of $0.0048 on June 20, 2019. The current price was also quite far from the all-time high of $.085 on July 8, 2019. The COS price has remained below this token’s initial trading value for several years. So, how will this digital asset perform in the coming years?
Most experts think there will not be significant price moves for the remainder of 2022. However, the COS token could take off the following. For example, DigitalCoinPrice predicts an average COS price of $0.026 in 2023 and $0.035 in 2025. WalletInvestor has a similar prediction, with an average price of $0.028 in 2023 and $0.065 in 2025.
Contentos (COS) Price Prediction for 2026-2030
In 2026, we might see a drop in the COS price. For instance, PricePrediction forecasts an average COS price of $0.022, possibly reaching $0.025. This price level is comparable to what other analysts expect for 2023. Other sources agree with the previous prediction. TechNewsLeader expects the average COS price to be $0.028, with a maximum of $0.032.
However, in the following years, the COS price will steadily grow and set a new all-time high toward the end of the decade. PricePrediction expects the COS price to fluctuate between $0.95 and $0.11 in 2030, averaging $0.097 throughout that year. TechNewsLeader has a similar forecast with an average COS price of $0.12 in 2030, with a maximum of $0.14.
Summary
The Contentos project aims to solve one of the critical problems for content creators. While technically sound, this project has yet to achieve mass adoption. Likewise, the COS token has had poor performance since its launch in 2019. Will this token increase its value in the future? It might. However, price predictions only sometimes materialize. Hence, before investing in the COS token, you should thoroughly research it.
FAQs
Is Contentos a good investment?
It is likely a good long-term investment. According to price predictions, this token might set a new all-time high toward the end of the decade.
Should I invest in the Contentos (COS) token?
Only you can answer this question. Remember that investing in cryptocurrencies is a risky endeavor. If you choose to invest in Contentos (COS), you can buy this digital asset on LetsExchange.io at competitive rates.
Disclaimer
Please keep in mind that the above information is based exclusively on our observations and is provided for informational purposes only. It doesn’t constitute any kind of financial advice nor represents an official forecast. Cryptocurrency is a highly volatile asset, and you are investing in it at your own risk.
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