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.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Bitcoin Giving Strong Bullish Signals, Markets to Roar Higher into Next Year

Today, Bitcoin is on the move, aiming for $11,000, currently trading around $10,915. Adding to this bullishness is all the dry powder. $20 billion worth...

ETH Locked on Aave & Uniswap Records a Sharp Rise

Decentralized Finance (DeFi) is back to recovering, currently at over $11 billion, reaching an all-time high of nearly $12 billion from last week, as...

Bahamas Central Bank Confirms CBDC ‘Sand Dollar’ to Launch In Less Than 30 Days

The Bahamas Central Bank has confirmed that its pipeline CBDC ‘Sand dollar’ will roll out next month as anticipated. This will mark the first...

KuCoin Hack Update: 11 Crypto Projects Freeze the Stolen Tokens

Over the weekend, KuCoin lost about $275 million in BTC, XRP, BSV, XLM, TRX, stablecoins, ETH, and other ERC-20 tokens in a security breach....

Bitcoin Re-Entering the ‘Intense Historical Trading' Area Following a Strong Uptrend

Bitcoin is back at near $11,000. The leading digital currency has been making its way upwards since the mid of last week. Today, to mark...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today