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Lino Raises $20 Million To Build ‘YouTube On The Blockchain’

The Silicon Valley startup Lino is preparing to take on YouTube with a decentralized, video content distribution system that will cut out the middleman to more fairly compensate content creators.

The company will go up against similar competitors such as Stream, Viuly, Flixxo, and Streamspace, all of which are trying to accomplish the same thing.

During a private token sale, the Chinese seed investor Zhenfund, decided to invest $20 million toward Lino.

How Lino's Tokens Will Work

The LINO tokens will operate as the website's currency and will be earned by creating and sharing content. Users who run nodes to host content will essentially earn tokens, as will the content creators.

The Reason For Lino

“The solution is to create a collectively owned, decentralized means of distribution, which ensures all content value is directly distributed to content creators and affiliated contributors without going through a privately owned entity as a middleman. We believe in decentralized, peer-to-peer [content delivery networks (CDN)], but current projects seem not ready for stability and costs.”

Related: How To Download YouTube Videos: The Ultimate Guide

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