ACG Network, a digital content ecosystem blockchain project, announced the acquisition of investment from Ontology, a new high-performance public blockchain project and a distributed trust collaboration platform, and the launch of their strategic cooperation. Ontology will provide comprehensive technical support for the ACG Network, including Ontology’s decentralized identity framework and smart contract technology, to help upgrade and optimize the digital content industry.
Traditional concepts of intellectual property are familiar to us all now. The digital content industry represented by animation, comics, games, and so on, is growing rapidly with strong momentum. AGC Network noticed this area has a wide audience of all ages, a relatively long life cycle, and can extend to other related industries such as clothing, toys, and entertainment, forming huge market size and consumer demands. However, a series of pain points produced during this process can’t be ignored. Problems like piracy and infringement, lack of incentive mechanisms, and monopoly of platforms limit the development of the digital content industry.
In this context, there is an urgent need for decentralization and trust mechanisms to improve the bonds among creators, IP production, digital content products, derivatives, and investors.
ACG Network creatively proposed to integrate digital content such as animation, comics, and games with blockchain technology, and set up ACG Network Japan Co., Ltd. in Tokyo to promote the rapid development of this cause. Ontology’s decentralized identity protocol ONT ID, distributed data trading framework ONT DDXF, decentralized authentication platform ONT Pass, and smart contract Smart X will play a key role throughout the process.
By binding with ONT ID, any entity, such as users, works, and copyrights on the ACG Network platform, can obtain a cryptographic digital identity based on Ontology blockchain technology. Completely controlled by the users, this identity is secure, reliable, and is not subject to any central organization. After authentication, each subject using the ACG Network platform can obtain a blockchain certificate with different identity trust sources to establish multi-dimensional trust.
Based on ONT ID and Ontology’s trust ecology, ONT Pass, as an open and decentralized authentication platform, can provide authentication services for users, assets, and content in the entire ACG Network digital content ecosystem. At present, Ontology’s trust ecosystem has gathered trust anchors to provide global identity authentication services, supporting a variety of authentication methods such as mailboxes, mobile phones, and social media, thus meeting the diverse needs of a wide range of users around the world.
As for the pain points such as data caching, data use without user authorization, and data copyright protection generated by centralized data, Ontology’s decentralized data trading framework DDXF can develop different decentralized data trading apps that can meet the needs of various scenarios and support connectivity among data trading platforms, which will bring great convenience to developers.
In addition, Ontology’s smart contract system Smart X can make processes such as paid reading, viewing, and other user behavior on the ACG Network platform efficient, reliable, distributed, and traceable, which can improve user experience and constantly enhance user loyalty.
Based on Ontology’s technology, ACG Network will build a new decentralized platform to help users achieve content contribution, content reviews, content planning, and other functions. Meanwhile, ACG Network can implement exclusive mechanisms in the platform and optimize the exchange and synergy of production relations.
With the support of Ontology’s technology, the first dApp ACGN Wallet, ACGN Blog, and ACGN Forum under the ACG Network ecosystem are now online, and more platforms related to digital content are about to be put into operation. By making use of blockchain technology, user behavior such as uploading work, supporting authors, and second contributions are all visible after the project is published. The original uploader can set the project’s copyright and rights of second use. At the time when creators are worried about how to protect their own rights, ACG Network provides them with a wonderful solution.
For this cooperation, Ervin Zhuang, ACG Network CFO said,
“ACG Network aims to establish a complete digital content ecosystem and realize copyright protection and reliable project crowdfunding. Through the cooperation with Ontology, ACG Network can achieve identity authentication between content creators and consumers, process coordination of digital content, trading of digital content, and establishment of financing platforms. In the future, ACG Network, together with Ontology, will push forward the development of the global digital content industry.”
Daniel Wen, Ontology Business Development Director, believes that the development of the digital content industry is unstoppable. He said,
“As digital content is getting more popular, its pain points cannot be ignored. We are glad to support ACG Network with Ontology technology and look forward to the launch of future products”.
About ACG Network
ACG Network refers to the Accessible Content Global Network. It is a digital content ecosystem, which covers the digital content industries such as animation, comics, games, and fiction. ACG Network aims to make use of features and advantages of blockchain technology and achieve the vision that “content is King” and weaken the influence of centralized platforms. Through establishing a new content distribution system, ACG Network can protect the rights of content creators and copyright. At last, by setting a global decentralized digital right asset trading platform, ACG Network can make it a reality for content creators to become the owner and trader of their content and maximize content value.
Ontology is a new high-performance public multi-chain project & A distributed trust collaboration platform.
Ontology provides new high-performance public blockchains that include a series of complete distributed ledger and smart contract systems.
Ontology blockchain framework supports public blockchain systems and is able to customize different public blockchains for different applications. Ontology supports collaboration among chain networks with its various protocol groups.
Ontology will constantly provide common modules on the underlying infrastructure for different kinds of distributed scenarios, such as those for the distributed digital identity framework, distributed data exchange protocol, and so on. Based on specific scenario requirements, Ontology will continue to develop new common modules.
For more information, please visit: https://ont.io/.