VectorZilla, a royalty-free stock graphics platform and marketplace based on blockchain and deep learning technologies, has announced the VectorZilla Token (VZT) presale which is scheduled to take place between the 15th of January, 2018, to the 5th of February, 2018. A private pre-sale of VZT is scheduled in the first week of January 2018, and the public ICO will go live a few weeks after pre-sale.
The VectorZilla platform will include: Deep learning (AI)-driven selling of microstock graphics; Suite of online graphic design and publishing tools; API for partners; White label solutions; Apps, plugins and extensions for popular software (Adobe Illustrator, Sketch, WordPress, Shopify, Magento, etc.) to users such as designers, publishers and marketers to use VZ content.
The marketplace will feature over 1 million self-owned graphic elements and over 120,000 compositions. Built on top of the Ethereum network, the platform will see a beta launch take place in the second quarter of 2018. VectorZilla’s image library is currently worth $25 million and can be accessed using VZT or other digital currencies and fiat money that are converted to VZT during checkout. The VZT can also be traded on crypto exchanges.
Abdul Qaiyoom, co-founder and CEO VectorZilla, commented: “VectorZilla is our most ambitious and cutting-edge platform that will transform the royalty-free stock graphics industry. As the world’s first blockchain and AI-based marketplace, we welcome contributors and participants from all over the world to make VectorZilla the biggest and most trusted royalty-free graphics storehouse ever created,”
The global stock images market is projected to grow at a CAGR of 7.37% with a revenue pie of over $4 billion by 2022. VectorZilla is spearheading the royalty-free graphics marketplace with a transparent and secure platform that pays the maximum to contributors.
VectorZilla utilizes the Ethereum decentralized ledger with multiple security levels and transparent and open transactions between contributors, customers and partners. It hopes to be the preferred platform for all graphics requirements and advanced, cloud-based, online editing tools that deliver maximum productivity inside a web browser.
The launch schedule of VectorZilla is set for three phases. The first phase will see the platform go live with over 120,000 vector graphics and more than 1 million vector elements. Also on offer will be integration apps, plugins, extensions and more, catering to online platforms for blogging, e-commerce or content management systems. The second phase will open up new possibilities with advanced graphics editing tools. In the third phase, VectorZilla will open itself to the world community of contributors, buying royalty-free licenses of graphics files and offering 90 percent sales proceeds.
Funds raised from the pre-sale and ICO will contribute towards developing and marketing VectorZilla. Development, content acquisition and team expansion will receive 55% of funds, global legal compliance and operations will receive 10% each and 20% of the funds will be used for pre-sale, referral, marketing and promotion of VectorZilla.