Blockchain Startup Raises $2 Million for Intellectual Property Solution
A startup that uses the bitcoin blockchain to establish digital ownership of art and other creative works has raised $2m in seed funding. Ascribe received backing from Earlybird Venture Capital, Digital Currency Group, Freelands Ventures and a group of angel investors, according to a report by TechCrunch. Founder Bruce Pon told the news outlet that the idea for the product first took shape in 2013, explaining: "The idea to use blockchain to allow artists to create digital scarcity germinated in mid-2013 when [founders] Trent and Masha [McConaghy] asked 'Can you own digital art like you own....
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While the world has evolved from storing and transferring information from paper to cloud storage, data is still not entirely protected. The existing cloud storage system used for sharing information while encrypted is centralized, and centralized systems have the inherent disadvantage of being vulnerable to hacks and attacks. However, decentralized solutions such as blockchain technology have become an excellent alternative because of their immutability. Sharing intellectual property through the blockchain network can create a more secure and reliable system because of its several....
Rakuten in talks with Bitnet to acquire its Intellectual Property to continue its research and development of blockchain solutions. It has been a bit over a year since Rakuten, the Japanese e-commerce major decided to use Bitnet to accept bitcoin payments on its platform. Now, the company is looking forward to acquiring the intellectual property rights for bitcoin-based payments system from Bitnet. According to reports on a prominent business magazine, Rakuten Inc. (TYO : 4755) and Bitnet Technologies Limited are currently involved in negotiations to trade intellectual property rights....
A blockchain technology company based in Berlin called Ascribe is using the bitcoin-related ledger to help protect artists' intellectual property. The company can enable artists to retain credit to their work even when sharing their work online and can also transfer or sell their rights without having to go through a third party. These are just one of the many blockchain technology applications being harnessed currently, as some have used the ledger to create a secure land registry database or to protect digital files. Blockchain is considered immutable, as the ledger is publicly stored....
Following the startup’s partnership with Gamestop, the Sydney-based blockchain firm Immutable announced it raised $200 million in a Series C financing round led by Temasek. The company is now valued at $2.5 billion and Immutable plans to use the funds to scale the startup’s gaming studio. Immutable Raises $200 Million, NFT Startup Aims to Bolster Gaming Studio On Monday, the blockchain company Immutable revealed it raised $200 million from investors in a Series C funding round. The financing was led by Temasek alongside other participants including Tencent, Animoca Brands,....
Taiwan blockchain startup Bitmark has raised $1.7m in a new seed funding round. Cherubic Ventures, a VC firm focused on early-stage companies, led the round. Bitmark, which is developing technology to register user generated content using blockchain tech, raised the funding from a group of investors that also included Digital Currency Group and WI Harper. Properties registered on its platform are tied to digital assets called “bitmarks” which can be sold and and exchanged with other users, creating an electronic record of their movements. Bitmark is among a growing body of startups seeking....