Creaton, the decentralized, subscription-based platform for content material sharing, has raised a complete of $1.1 million from BTSE Labs, Tykhe Block Ventures, and different angel traders.
Creaton is a Polygon-based Internet 3.0 platform for subscription-based content material sharing, the place creators can have full possession and management over their very own content material. Not like many different comparable platforms, Creaton creators can settle for paid subscriptions from their followers and earn cryptocurrency rewards for his or her content material.
Going in opposition to the established practices of Internet 2.0 content material sharing platforms, Creaton creators have full management over their content material and funds. Content material is secured as an NFT contract, backed by decentralized storage on Arweave and encryption by way of Lit Protocol. Because of this the crew can not alter and even see the content material with out the creator’s consent. Due to the mixture of sensible contracts and a number of blockchain applied sciences, creators can hold their belongings to an unique and chosen viewers, in addition to keep away from unjustified bans, censorship, and cost delays.
The Creators can supply income from their followers’ subscriptions, which is straight away transferred to them as cryptocurrency due to Superfluid’s streaming funds system.
“Our mission is to throw off the shackles of Internet 2.0 which were so unfairly imposed over creators in recent times,” mentioned Alexander Klus, Founding father of Creaton. “Between cost points, bans, and censorship, Internet 2.0 platforms like Patreon have carried out a disservice to their core customers. We goal to sort out this problem in a approach that is sensible, combining a number of superior blockchain applied sciences to make a platform that, for the primary time, works. We’re extremely excited to construct this with our superb roster of traders.”
“The factor we like about Creaton is that it empowers content material creators like by no means earlier than utilizing decentralized blockchain expertise,” mentioned Prashant Malik, Founding father of Tykhe Block Ventures and beforehand among the many first 10 Fb workers. “We’re actually trying ahead to seeing the Creaton crew focus their efforts on fuelling the following era of the Creator Financial system.”
Creaton is a decentralized content material subscription platform (like a Web3 Patreon), enabling creators to monetize their viewers straight and with out interference. Combining Polygon sensible contracts, Arweave storage, Lit Protocol encryption, and SuperFluid funds, Creaton is constructing a Web3 creator platform that really works.
About Tykhe Block Ventures
Tykhe Block Ventures is a number one funding agency based in 2021 and primarily based in Singapore. It’s led by Prashant Malik, one of many early engineers at Fb and broadly recognized for creating and open-sourcing Apache Cassandra and its enterprise consists in investing in ventures and holding liquid investments inside the blockchain sector, with a deal with decentralization applied sciences, digital belongings, and the supporting infrastructure.