Blockai Raises $547k for Blockchain Digital Rights Platform
Blockai has announced it has raised $547,000 in seed funding to relaunch as a blockchain copyright service. Originally envisioned as a ‘Netscape for Bitcoin’ in 2015, Blockai (pronounced 'block-i') attempted to turn the blockchain into a kind of social media stream that would allow users to send messages and authenticate items. Now, Blockai is bidding for a new life as a tool that allows artists to authenticate and claim copyright over images. According to AngelList, Social Starts, Sterling VC and Vectr Ventures contributed funding alongside roughly 15 angel investors including Betfair....
Related News
"It was awkward and it was a viral loop. People tipped $150,000 in 10 days, and then a lot of people who got bitcoin... it sat there and they didn't do anything with it, ever." Blockai CEO Nathan Lands is referring to the spike in interest in first bitcoin project, QuickCoin, a Facebook-integrated wallet that sought to entice new users. That project has now evolved into Blockai (pronounced 'block-i'), which takes a similar approach to spreading bitcoin, although it places more emphasis on the capabilities of its blockchain rather than its use as a digital currency. While resembling a....
Blockai now allows online content creators to claim cryptographic proof of their works to be recorded on the Bitcoin blockchain so that it gives basic copyright protection which can help owners remove copyright violations. Registering a copyright with Blockai will remain free forever. CEO Nathan Lands says to TechCrunch: “The blockchain is the perfect solution for providing proof of creation. It’s a permanent immutable record. Meaning, once the record is there, it’s there forever and will never change.” Copyright protection as profitable business. According to Blockai, copyright protection....
Blockai, a San Francisco, Calif.-based technology company, has developed a copyright service that uses the bitcoin blockchain to allow artists to protect their creative work in the digital age. While the Internet has unleashed a wealth of opportunities for creative work, protecting content has posed a big challenge, especially for independent producers of digital art, literature and even computer software. Tapping Artificial Intelligence. “We are developing artificial intelligence to create unique fingerprints for all copyrighted works to protect copyrights and make sure artists get paid,”....
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....
Last week music startup Revelator raised around $2.5 million by offering a new kind of tracking for music rights and for allowing royalties to be more efficiently distributed to the correct owners. At the heart of their proposed technology is the Blockchain which can be used to effectively record any kind of transaction or event. Similar to other companies, Revelator is finding applications for the Blockchain in other unrelated industries - in this case - music. The drastic efficiency and real-time updating of Blockchain allows Revelator to track the use of digital goods and distribute....