A16z, USV Lead $1.5 Million Funding for Blockchain Startup Mediachain
New York-based Mediachain has become the latest blockchain startup to join the portfolios of VC heavyweights Andreessen Horowitz and Union Square Ventures. The two firms announced today that they led a $1.5m seed round for the digital media startup. RRE Ventures, Digital Currency Group and LDV Capital also participated in the round, as did angel investors Alexis Ohanian, William Mougayar, Kanyi Maqubela, David Lee, Mathieu Drouin and Brian Message. The funding comes four months after the launch of Mediachain’s core product, a metadata protocol that envisions content creators timestamping....
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New York based startup Mediachain Labs has announced the launch of Mediachain Attribution Engine, a blockchain-agnostic application built using Mediachain, an open media library built on top of the InterPlanetary File System (IPFS) with support for multiple blockchains, including Bitcoin and Ethereum. The Mediachain Attribution Engine application will help users find high quality and properly attributed images that can be used for any visual imaging needs — on websites, in blog posts and presentations, and more — while allowing publishers and creators to secure the rights of their digital....
So far, there are over two million images and metadata records in the Mediachain content library. Mediachain is a new company looking to revolutionize the way we think about registering and tracking creative works. By using blockchain technology, the Brooklyn-based company wants to create a new type of universal media library. In this day and age, keeping content original and free from copycats is proving to be quite the challenge. While some people may argue imitation is the best form of flattery, that is far from the case for content creators. In fact, there is nothing worse than....
Blockchain technology can be used for many things, including creating a universal media library. The Mediachain team is doing exactly that, offering “open content identification technology.” What is Mediachain? Mediachain is a protocol that lets anyone register, identify, and track creative works online. Content creators can collaborate with developers....
Optimism, an L2 (Layer 2) rollup solution for Ethereum, has raised $150 million in its Series B funding round coming from big companies in the venture capital (VC) scene. The funding round was led by A16z and Paradigm, with the former also having invested during the previous funding round. The scaling solution reached a valuation of $1.65 billion with this fund injection, reaching well above unicorn status.
Optimism Gets Backing to Keep Growing
Optimism, a solution that allows for transacting on Ethereum with low fees, has scored a $150 million investment in its Series B funding....
Golden, a startup that seeks to build a decentralized data hub, has raised $40 million dollars in a Series B funding round. The round, which was led by a16z crypto, will allow the company to keep building its concept, which revolves around combining data submission and validation with Web3-based token incentives. Golden Raises $40 Million to Build Decentralized Encyclopedia Golden, a decentralized data hub company, has announced it has raised $40 million in its latest Series B funding round. The round, which was led by a16z crypto, had the participation of many big names in the VC industry....