2 years ago
PRESS RELEASE. ReadON (readon.me), a institution that aims to supply users with a brand-new contented depletion acquisition by utilizing blockchain, completed its effect concern circular of $2M led by SevenX Ventures.
Other investors included HashKey Capital, Foresight Ventures, Sky9 Capital, ArkStream Capital, Puzzle Ventures, CyberConnect, M23 Fund, Smrti Lab and idiosyncratic investors. The effect backing volition beryllium utilized to make a ReadON mobile exertion and a decentralized proposal system.
Neo Y., Cofounder and CEO of ReadON, is simply a serial entrepreneur who founded a games and applications institution that made implicit 500K DAU, $10 cardinal successful gross successful 2020. Neo antecedently worked arsenic the Director of Product astatine Qutoutiao (NASDAQ: QTT), responsible for designing the champion Play2Earn merchandise successful China with 30M regular progressive users.
Troy H., Co-founder and CTO of ReadON, was formerly the elder exertion manager astatine ByteDance. Prior to that, Troy was a elder tech pb astatine Pinterest (NYSE: PINS). Troy received his Master of Computer Science from Natural Language Processing laboratory astatine Carnegie Mellon University.
“Traditional net platforms person ultimate authorization implicit contented organisation and idiosyncratic data, based connected which they provender contented to users alternatively of allowing them to take the contented they want, resulting successful accusation silos created by algorithms,” said ReadON’s co-founder Neo.
ReadON aims to make a chiseled organisation exemplary by allowing the assemblage to upvote and curate the contented to alteration users to entree high-quality contented efficiently.
Users with experience, knowledge, and power connected antithetic topics tin summation voting powerfulness done the Topic-bound NFT mechanics and formed their judgement connected curators. With the assistance of the True-Read technology, contented consumers’ speechmaking behaviors tin besides alteration the standing of curators.
ReadON aspires to pull and bring much creators and curators into the Web3 world, enriching the on-chain contented ecosystem. In the future, ReadON volition besides motorboat plug-ins that assistance creators readily assertion their ownership of contented produced connected Web2 societal media platforms specified arsenic Medium.
As ReadON’s co-founder Troy noted, “the essence of ReadON is to springiness creators ownership to their contents without changing however they make and publish, allowing authors, readers and editors to nett from their contributions. ”
About ReadON
ReadON is simply a decentralized contented organisation level that has created an inducement mechanics for consumers, curators, and creators, on with a unsocial Topic-bound NFT design. ReadON seeks to assistance users efficiently and freely entree prime content, interruption accusation silos and research a existent caller world.
ReadON was the lone task to triumph the Community Choice Award during the Solana Riptide Global Hackathon held successful April 2022. The nationalist beta of ReadON’s mobile exertion volition merchandise this September.
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