Lino Aims At Delivering A Decentralized YouTube

Lino Aims At Delivering A Decentralized YouTube

Blockchain startups are on the rise and they are willing to change everything from payments to transport and the way we have fun. Lino, a Silicon Valley-based startup, is willing to disrupt centralized platforms such as YouTube and deliver a blockchain platform for content sharing. Lino’s wish is to get rid of mediators and provide fair compensation for creators.

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Blockchain startups are on the rise and they are willing to change everything from payments to transport and the way we have fun. Lino, a Silicon Valley-based startup, is willing to disrupt centralized platforms such as YouTube and deliver a blockchain platform for content sharing. Lino’s wish is to get rid of mediators and provide fair compensation for creators.

Lino is not the only firm working in that direction. Streamspace, Flixxo, Viuly, and Stream have similar projects but Lino, either way, managed to raise up to $20 million from a private token sale. The major investor turned out to be the Chinese Zhenfund.

The startup has set quite an ambitious goal. In its own words, websites like YouTube have “enormous power” over contributors and often cut from their profits. Lino’s solution is creating a peer-to-peer platform where everybody owns his or her content and value is fairly spread.

Within the network, the operating currency would be the LINO tokens. Each content creator will earn tokens by uploading or sharing content. There is another way to earn LINO tokens, however. People who contribute to the development of the network and its applications will be rewarded as well.

The greater the number of people who engage with certain content, the higher it’s value. Hopefully, this method would benefit high-quality projects and shake off irrelevant content. Since value depends on the quality and human engagement, the system is less likely to get congested by bots, trying to manipulate it. Lino states that in-house transactions would be settled with no fees.

Wilson Wei, CEO, said in an interview with TechCrunch that quality content creators should earn up to five times more they do on YouTube. The platform should be publicly available by the end of this year and while the community is uncertain about the outcome, the Lino team remains optimistic.

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