Binance backs content project Contentos

Posted 02 October, 2018

One of the major crypto exchange Binance invests into new decentralized content project Contentos via one of its division – Binance Labs.

The co-founder of Contentos commenting on the reasons for new project mentioned the strong need for creation of a decentralized content environment that may feature transparent and fair monetization of the content that would not be censored or even deleted by third parties.

Contentos project is happy with the Binance decision to make investments, especially given that Binance Labs is famous for its interest and participation in different blockchain projects. The company said that Binance funds may be used for modernization of storage and monetization of digital content as well as blockchain ecosystem available for all users.

Contentos CEO Mick Tsa stated:

"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..."

For now, Contentos has managed to launch three projects - LiveMe, PhotoGrid, and Cheez.

In such a way Binance Labs strives to support leading crypto businesses and blockchain sector. For reference, the company launched an incubation programme for startups in August. The programme lasted 10 weeks and covered business assistance, financing and other help.

"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," commented Ella Zhang, Head of Binance Labs.

Binance Labs joined Ontology and NEO Foundation which made investments earlier.

Previous story

02 October, 2018 14:39

← ShapeShift CEO meets recent WSJ money laundering report

After the Wall Street Journal released its study and considered ShapeShift as one of the major trading platforms used for money laundering, ShapeShift, in particular, its CEO Eric Voorhees, made a message countering the report. He mentioned that the released study showed that they were not familiar with the crypto segment and misinformed people.

ShapeShift CEO meets recent WSJ money laundering report

Next story

02 October, 2018 12:08

Ethereum must be covered by property law – Shanghai court →

Hongkou district court in Shanghai believes that it will be wrong to classify ehtereum along with other digital coins as money. At the same time, the court determines that these assets are legally protected as the property owned by the residents, as reported Baidu-run content service Baijiahao.

Ethereum must be covered by property law – Shanghai court
Write a comment
Prove you’re not a bot + 5 = 24