• By championing the work ofcreatives, Piction Network will democratize online content creation,eliminating the middleman and connecting creators directly with users
• Piction Network to disrupt thecontent creation industry with favourable intellectual property rights forcontent creators
• Piction has formed partnershipswith Klaytn, Afreeca TV, Flitto, Sandbox Network and Coinplug, and already hasa network of 35 million users

SHANGHAI, CHINA - Media OutReach - 13 February 2019- The volume of the entire digital content market is expected toreach 1,982 Million USD in 2019, with an annual growth of over 10%. As themarket for digital content continues to grow in the fourth industrialrevolution, media industry leaders with immense influence threatens to diminishopportunities available for young content creators to make a name forthemselves. The rise of free-to-air content on established digital platformsalso puts young content creators in a difficult economic spot.

Original creative works are pitched and sold atlow market prices, and creative copyrights are reluctantly handed over inunfavourable service agreements, disempowering the aspiring creativeprofessionals.

ThePiction Network Solution

The Piction Network ecosystem recognises andsolves this problem by harnessing the architectural power of blockchain.Content creators can raise the needed funds directly from the Pictioncommunity. Community members, in turn, too can participate as supporters,translators, influencers and consumers. Funds raised through the PictionNetwork blockchains are equitably and transparently distributed directly tocontent creators.

More significantly, content copyright ownershipremain exclusively in the hands of content creators being registered anduntampered on the blockchain. The Piction Network serves as the communityplatform that connects creators and communities together. Industry monopoliesand unfavourable creative intellectual property rights need not be major obstaclesanymore in this growing digital content market.

Recognizing the problems in the digital contentmarket, Fred Bae, CEO of Piction Network says "It is very hard to maximize thepotential of the one-man creator in the content market. Even Youtube is only focusedon the scope of video clips, limiting the creator's scope of work. There arenumerous types of one-man creator content, various one-man creator withdifferent types of talents, and the users have their right to enjoy thedifferent type of content."

He continues, "The ecosystem that PictionNetwork plans to build offers an environment where a talented person can starttheir work as a one-man creator who, with the support of other talented users,can easily overcome the hardships such as lacking marketing, promotion, andtranslation. The blockchain based system will maximize and encourage thecooperation between the one-man creator and users."

Piction Network is selected as the firstpartner in the content business area with Klaytn, the blockchain platform byKorean IT company Kakao. Many other startups and IT companies that have alsoformed partnerships with Piction Network include Afreeca TV, Flitto, SandboxNetwork and Coinplug. Piction Network has already acquired 35,000,000 user poolwith partners.

Piction Network hosts an impressive list ofadvisors and angel investors, including Youngki Hwang, the former president ofKorea Financial Investment Association (KOFIA), David Lee, former chairman ofNexon, Ina Jang, CEO of Smilegate Entertainment, and Won Seo, representative ofGlobal Business, WeMade.

AboutPiction Network

Piction Network is a decentralized peer-to-peerdigital content ecosystem. Leveraging blockchain technology, Piction Networkintends to cultivate a creator oriented and trustless digital contentecosystem. Piction Network aims to disrupt the centralized models of contentmonetization, distribution, and ownership dominated by extractiveintermediaries to return power back to the content creators.

For more information on Piction Network, pleasevisit https://piction.network/en/.