Contentos, a decentralized content ecosystem announced on October 1st, 2018 that it has received a multi-million dollar investment from Binance Labs. Binance Labs is launched by Binance, the world’s largest cryptocurrency exchange by trading volume.
Mick Tsai, CEO, and co-founder of Contentos, said:
“The idea for Contentos began when I noticed a serious need for a decentralized content ecosystem offering transparent and fair monetization of creators’ content, and no third-party censorship or removal of content.”
The Contentos team mentioned in the statement that they are happy to have the support of Binance Labs in trailing their goal which is to “revolutionize the preservation,” and “monetization of digital content,” while also working towards building a more positive ecosystem for all content creators, influencers, and content consumers.
One such capability of Contentos is that it includes content distribution under its open-source-code blockchains. The team aims to provide a decentralized ecosystem for content creators to have creative freedom and to leave their digital footprint without the risk of third-party intervention.
Cantentos team has by far integrated with three successful products, LiveMe, PhotoGrid, and Cheez, and is currently available to users around the world.
Ella Zhang, Head of Binance Labs, said:
“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.”
The global content ecosystem platform recently also announced collaborations with Ontology, the public blockchain project and a distributed trust collaboration platform, and NEO Global Capital partnership, a subsidiary of the NEO Foundation.
Contentos partnership with Ontology is with an intent to use both companies specialties to expand existing blockchain research, application development, and community building. Partnership with NEO Foundation Contentos intends to, “Explore technology-based solutions for developing capabilities.”
The statement also mentioned:
“Contentos is confident in the direction they are headed as they continue to develop their comprehensive protocol to promote the integration of blockchain and social media.”
Binance Labs, in August 2018 also launched a 10-week incubation program to assist startups with networking opportunities, investment, and several other services.
The Binance Labs Incubation Program intends to provide support to top early-stage teams to jump-start their best ideas by providing them seed investment of $500 000 for 10% equity or tokens, to fulfill a product or service with a product or market fit.