Startup Raises $20 Million to Build ‘YouTube on the Blockchain'
Silicon Valley startup Lino is preparing to take on YouTube with a decentralized, collectively-owned video content distribution system that purports to cut out the middleman to more fairly compensate content creators.
The company, which faces competition from Streamspace, Flixxo, Viuly and Stream, all of which are developing similar concepts, received a $20 million vote of confidence from prominent Chinese seed investor Zhenfund during a private token sale, it announced today.
Phi Beta Iota: Now imagine a summit in June that brings together everyone who wants to create block-chain based substitutes for Amazon, Facebook, Google, MeetUp, Twitter, YouTube, and Wikipedia. We have. We will.
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#GoogleGestapo @ Phi Beta Iota
Autonomous Internet @ Phi Beta Iota
Collective Intelligence @ Phi Beta Iota
