Decentralized global content ecosystem Contentos announced that it has secured a multi-million dollar investment from Binance Labs, which will empower it to pursue its goal “to revolutionize the preservation and monetization of digital content,” according to a press release on October 1.
The List Keeps Getting Longer
Binance Labs now joins the list of illustrious firms that have invested and have formed partnerships with Contentos, including Ontology and NEO Foundation, who announced their support just recently as well. Contentos’ collaboration with Ontology will make use of both organizations’ resources and expertise to research further on blockchain, as well as further application development. With NEO Foundation, Contentos seeks to explore more technology-based solutions for developing capabilities.
Ella Zhang, Head of Binance Labs, expressed:
We are dedicated to identifying the real use cases to implement blockchain technologies. There’s a clear pain-point to be solved in the content creation industry, and we see Contentos is the right team with critical resources to solve the problem.
As to the exact amount, neither Contentos nor Binance Labs let out a squeak.
All For Creative Freedom
Contentos is considered to be one of the very first open-source-code blockchains that have content distribution among its many capabilities. It aims to create a decentralized ecosystem for content creators that need creative freedom, as well as those needing to leave their digital footprint without the fear of experiencing third-party interference.
The blockchain has already integrated with three successful decentralized applications (DApps), namely PhotoGrid, LiveMe, and Cheez.
Mick Tsai, CEO and Co-Founder of Contentos, said that they began the ecosystem earlier this year when they noticed a grave need for a genuine decentralized content ecosystem that offer transparent and “fair monetization” of creators’ content, all the while being immune to third-party censorship or removal of content.
“The Contentos team is thrilled to have the support of Binance Labs in pursuing our goal to revolutionize the preservation and monetization of digital content,” Tsai said, “while working towards creating a more positive ecosystem for all content creators, influencers, and content consumers.”
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