Binance Labs Makes Investment into Contentos Blockchain Content Platform
Contentos Announces Investment From Binance Labs
Contentos, a decentralized content ecosystem created with the blockchain technology, has recently announced that Binance Labs have made a multi-million dollar investment in the company. Binance Labs was launched by Binance, one of the world’s largest crypto exchanges by trade volume and the biggest in the United States and it work as an incubator for blockchain projects.
Binance Labs focused on projects that are using the technology to transform diverse industries and that have a social impact in the world.
According to Mick Tsai, the CEO and co-founder of Contentos, the idea for the project began as he noticed that there was an urgent need for the decentralization of online content. This way, the ecosystem could be more transparent and the monetization could be more fair without needing to worry about third-party censorship or removal of content.
He affirmed that the team is thrilled to have the support of Binance Labs to continue its goal of preserving and monetizing the content of digital creators and being able to create a more positive world for content creators, influencers and consumers alike.
A the moment, Contentos is one of the first companies to include content distribution on its open source code blockchain. The company was able to thrive while many other ones with similar ideas were born and died in 2017.
The company was already able to integrate three successful partnerships to its platform: LiveMe, PhotoGrid and Cheez.
Ella Zhang, the head of Binance Labs, has affirmed that the company has faith that Contentos will help to solve the problem in the content creation industry and that the company has the right team to use the right resources for solving the issue.
Contentos has recently announced partnerships with Ontology and the NEO Foundation, too. The company will use Ontology for blockchain research and app development, as well as community building, while NEO will help the company to explore more solutions.
About Contentos and Binance Labs
Contentos is a public blockchain created for the content industry. It uses the blockchain to solve the challenges that centralized content platforms have like distribution, monetization, authentication and copytight management. The main goal of the company is to empower content creators and ensure collaboration with advertisers and fans.
Binance Labs is a social impact fund that invests in companies are deemed to have potential. According to their official reports, the company’s mission is to solve problems that matter the most to the blockchain ecosystem and change the world for the better.