On Tuesday Blockchain-based property rights startup Bitmark Inc announced it has raised $3 million in a Series A funding round. HTC led the investment with participation from existing and new investors, including Alibaba, WI Harper and DCG.
Content creators – both individual artists and corporates – every year lose billions of dollars in revenue from data piracy. Bitmark is developing a blockchain network to circumvent these issues and allow content owners to capitalize on their intellectual property.
“Bitmark’s system for digital property rights greatly expands the promise of blockchain technology by assigning unique ownership for digital assets of all types,” said Phil Chen, HTC’s Decentralized Chief Officer.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
