Po.et (POE), quite a unique cryptocurrency which aims at revolutionizing the digital licensing industry by creating value for content creators, publishers and consumers through the use of blockchain, has performed quite well since its inception into the cryptic world in 2017.
While the digital asset has grown under a year, May has not been favourable for the coin. Po.et has had a very rough month, over the last two weeks, the asset has lost over 40% of its value, and the market capitalization now stands at $82.238 million USD, as a result, the coin has dropped to 168 on the cryptocurrency ranking.
As at the time of this writing, over 79% of the 1759 cryptocurrencies are in the red, including Po.et. The digital asset is down by 11.1% in the last 24 hours and is currently trading at $0.036 USD.
Po.et has a 24 hours trading value of $2.84 million USD, while it may seem little, the figures are quite good judging from its value and market capitalization. The services Po.et offers are unique, but has not gained widespread acceptance, but is one that would work in the future.
Po.et Wants to Be the Standard for the Media
The media industry is one which changes frequently, and new waves of advancements, developments and discoveries surface almost on a daily basis. As a result, most content users are obsessed with growth, and looking to create the next best thing for the general public.
According to Jarrod Dicker, in a PR, the media is broken and needs to be fixed. The business of the Media industry has led content creators to focus on the shifting demands of the media, rather than on reproducing quality and integrity in their works.
The Media industry also suffers from repeatedly disrupted content monetization models from the demand in tune at the moment. Po.et (POE) aims at creating a standardized model of monetization for the media, putting into consideration that not all the media are the same.
The Po.et team is laying emphasis on value and integrity in its course to create a standardized monetization model for content creators, publishers, and users of the media. For Po.et, the future is creating a standard for the next generation of value publishers.
Po.et Could Get a Huge Boost in Future
Blockchain is becoming the technology of the future, attracting more attention from individuals and organizations. As a result, more and more businesses and organizations are seeking for ways of implementing blockchain and cryptocurrency into their platforms.
Blockchain proposes solutions to almost every problem, one of the most popular, if not the most popular social networking platforms, Facebook has set up a team to source for ways of leveraging blockchain technology.
Although nothing has been confirmed yet, there are hints that Facebook could integrate Po.et’s system of creating value content creators on their platform, or adopt something similar. The facts remained unconfirmed, but would work in favour of Po.et (POE) if it turns out to be true.