"Announcing BTC Labs, a Blockchain Venture Studio and Fund for Media Applications"

gamingcrisis (32)in #blockchain • 7 years ago (edited)

I'm not sure how exactly to share the news, but it's right up my alley so I'll just paste the press release.

Nashville, TN, September 25, 2017 — BTC Media, the largest media group dedicated to cryptocurrency and blockchain technology, has unveiled BTC Labs, a venture studio focused on launching and incubating blockchain applications for the digital media industry.

Blockchains are ushering in a new paradigm, disintermediating established institutions and creating more equitable ways of exchanging value and sharing data. Many of these benefits can be extended to the most pressing problems faced by media companies, including intellectual property registration, content monetization, licensing, ticketing and ad-tech. Given its insight into both the blockchain and media industries, BTC Labs is poised to support disruptive, open-sourced, decentralized networks.

BTC Labs is also announcing Storyboard Ventures, a venture financing arm seeded with $2 million to fund promising, forward-thinking media projects. Storyboard Ventures will look specifically for entrepreneurs building use cases that leverage decentralization to disrupt longstanding inefficiencies in the digital media industry.

"The internet drastically altered how we consume and distribute information, but the media industry has failed to adapt its underlying business model,” said Jeremy Kandah, Storyboard Venture’s Portfolio Manager. “Blockchain technology is revolutionizing the way that digital information is transacted, creating a host of new monetization models and connecting content creators directly with consumers. Storyboard Ventures will support the projects and pioneers shaping this media landscape of the future."

The first project backed by BTC Labs was Po.et, a protocol designed to accelerate solutions for the publishing industry by utilizing blockchain technology and timestamped metadata. At the core of the Po.et protocol is an open, shared, universal ledger designed to track attribution and ownership information for the world’s digital creative assets. BTC Labs developed the core technical architecture of Po.et and led it through its successful token sale process. Po.et conducted its token sale on August 8, 2017, during which it raised $10 million to further develop the protocol.

ABOUT BTC LABS:

BTC Labs is an innovation studio formulating, incubating and developing blockchain applications for the digital media industry. BTC Labs aims to empower content creators, brands and consumers by developing decentralized networks in which every stakeholder can retain the fair value of their work. BTC Labs is based in the United States, with offices in Nashville, Los Angeles and New York. For more information about BTC Labs, please visit btclabs.org