(Red Newswire — May 27, 2017) Bangalore, Karnataka — May 27, 2017)
Other participating investors include Asahi Shimbun, Vectr Ventures, M&Y Growth Partners, Tokyo Founders Fund and Social Starts.
Launched in 2016, Binded lets creative professionals upload images to their private copyright vault. For every image uploaded, a unique fingerprint is created and saved permanently on the bitcoin blockchain. The creator receives a copyright certificate with proof of creation.
“In the era of AI and Robotics, creativity is humanity’s most important asset. Binded will become the platform creators use to protect and monetise their creativity. I’m very confident that Nathan and his team will democratise copyright and help create a new economy for creators everywhere.” said Taizo Son, CEO of Mistletoe, in an official press statement.
It is also developing copyright monitoring technology which identifies possible copyright infringements. The feature is currently in public beta.
“Japan is one of the largest creators of copyrights. We’re excited to have partners that can help us better understand and serve the Japanese market in the future.” said Nathan Lands, co-founder & CEO of Binded. “Today the tools to protect creative works are outdated and poorly suited for modern technology. We are going to change that.”