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IoT content usually comes from power-constrained sensors and requires applying different levels of protection. We design a bounded-error-pruned IoT content market (BIoTCM) framework with preserving privacy protection (BEPDPP) scheme using blockchain smart contract. According to payment level applied in smart contract of BIoTCM, our BEPDPP will prune original data within a given level of bounded-error to provide different resolutions of content for consumers. As the real data is intrinsically hidden, content protection is provided with privacy-preserving. Experimental results generated by five different types of IoT content demonstrate that our content protection solution is cost-effective in sensor lifetime.