YouTube is perhaps one of the most innovative websites on the web and its popularity and use have far exceeded expectations. Now though, there may be a new competitor to the video platform and the competition may also have a crypto-edge to it as well.
A new startup called Lino, which is based in Cupertino, California, is considering a new project that will merge the best parts of YouTube – video sharing and media management – with crypto’s most reliable feature – the blockchain. The integration will put video sharing on the blockchain so that those who upload the videos and those who watch them can better management the distribution of content.
The good news is that Lino isn’t new to cryptocurrency or social media platforms, which is why it may be just the right candidate to bring about the change. Lino has been raising significant sums of money from investors through private token sales and it has used its funds to promote investment vehicles such as INBlockchain, DFund, and FBG Capital. Investment in these financial tools and resources is just a step in the right direction to furthering Lino’s intent to integrate video sharing with blockchain technology.
To take it a step further, Lino has also determined how it will effectuate the change. According to the company, it expects that music artists and those who are looking for vide content to pay video creators using Lino Tokens. Once the videos are on the platform, the shared content can be better managed so as to prevent fraud and to track where the content is at all times. Additionally, the platform is looking for ways to deliver and store the content as well so safeguard against lower-quality copies being generated and released on the web.
Ultimately, the project may result in the decentralized autonomous video content community that many are looking for. This type of system may be just the right solution for combating the common issues associated with YouTube and other content platforms – it cuts out the middle-man, it reduces fraud, it leads to better content management, and it also provides individuals with incentives in the form of compensation for their time so that they can create quality content.
As for the founders of Lino, they are poised to earn well from the platform too. It is expected that they’ll generate funds by holding cryptocurrency in reserve. Granted, their gains will depend upon the value of their currency and stability for the crypto-market as well.