LBRY Launches Blockchain-Based Creator-Controlled Content App, New Appcoin
On US Independence Day, Blockchain startup LBRY released a beta app and a new accompanying cryptocurrency to help artists retain control over their work. LBRY is a decentralized content-sharing platform geared towards artists, filmmakers, writers, etc. who wish to retain full artistic, and financial, control over their work. This marks the first release of a functional app for the platform, in development for over a year. Mike Vine, LBRY’s technology evangelist, expects the new release to quickly gain adoption. "This is it! We've been building for over a year and now we're going live....
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Giant online content platforms, such as Netflix and YouTube, currently dominate the content landscape, providing large quantities of easily accessible content for very cheap (or free plus advertisements). However, they remain centralized, meaning that a single entity has ultimate control over content and what compensation (if any) artists receive for their work. CoinTelegraph spoke with Mike Vine, Technology Evangelist for LBRY, about the prospects for a decentralized, blockchain-based, and creator-controlled approach to content dissemination to dismantle the current centralized norm.....
The term “appcoin” refers to a cryptocurrency created to be a digital token paired with an application. Originally, appcoins were commonly associated with cryptoequity, but they have increasingly been designed to be essential to the use of new decentralized applications. CoinTelegraph had the opportunity to interview Mike Vine, Technology Evangelist for decentralized content distribution platform LBRY, on appcoins’ increasing use beyond cryptoequity. CoinTelegraph: What is an appcoin? Mike Vine: An appcoin is a cryptocurrency that is designed specifically to power a user application,....
Big companies like Netflix, YouTube, and iTunes maintain tight control on online content distribution, but a new cryptoapp called LBRY may well change the way information is shared on the Internet. LBRY is the first fully encrypted, open source content distribution service built on a blockchain. The platform allows users to publish material and connect directly with consumers, bypassing the middleman. A built-in credit system allows content creators to monetize their work. Jeremy Kauffman co-founded LBRY and serves as the CEO. He said Bitcoin was a major part of the inspiration behind the....
Although it was quickly overshadowed by more dramatic events, the LBRY case is a rare instance of a crypto-related unregistered securities complaint going to court. The United States Security Commission (SEC) won its case against blockchain-based file-sharing and payment network LBRY in district court in New Hampshire on Nov. 7 when that court decided to grant an SEC request for summary judgment filed in May. The case garnered lots of commentaries on its own and also in relation to the ongoing Ripple case.LBRY operates a digital content network. The Odysee video-sharing website is its....
The Securities and Exchange Commission (SEC) has filed a complaint against the blockchain-based file-sharing and payment network called Lbry last week, as the U.S. regulator has accused the company Lbry Inc. of selling unregistered securities. However, the CEO of Lbry denies the project’s native tokens are securities and says the SEC’s logic will put a number of public blockchain projects at risk. US Regulator Accuses Lbry of Selling Unregistered Securities U.S. financial regulators have filed a complaint against another blockchain project as the SEC claims the company Lbry....