Working Together to Increase Value of Digital Content
SOMESING, a Korean startup that operates a blockchain-based social music karaoke app, announced on April 22 that it has signed a strategic partnership with Contentos, a decentralized global content ecosystem, to work together to increase the value of digital content through blockchain.
SOMESING has attracted much attention from singer song creators, who create new value by singing, around the world since it launched an Android version beta service in late February.
Kim Heui-bae, CEO of SOMESING (Emel Ventures), said, "Contentos stands out in the global digital content industry as it has more than a million global content creators as well as 60 million users worldwide.” In particular, Kim expressed hope that the synergy between the creators of SOMESING and LiveMe, the No.1 U.S. live streaming app, will be very large.
Contentos is a blockchain platform based on fair distribution of profit, value, and rights to its producers. The platform is designed to solve the irrational structure of the digital content industry. It allows content to be freely produced, distributed and traded within the Contentos ecosystem. Its utility has been proven by three major apps actively operating in the ecosystem, which are LiveMe (live broadcast app), Cheez (shotclip video app), and PhotoGrid (photo editing app). In particular, Contentos is widely known in the blockchain market as one of the few projects that received more than US$1 million investment from Binance Labs.
“Since SOMESING is a blockchain project with user-centered reward ecosystem, I have been personally paying close attention to it in terms of its increasing value of content, transparent reward and stable operation of the application. We look forward to a lot of mutual content partnerships and cooperation through this strategic partnership and it will attract a hot response from the market,” said Mick Tsai, CEO of Contentos.
Meanwhile, SOMESING participated in the “Contentos Global Roadshow” held in Ho Chi Minh, Vietnam on April 20 and had the opportunity to promote the value of content and the future of blockchain. Also, SOMESING exchanged various opinions about future cooperative models with Contentos, a SOMESING official said.
SOMESING is set to release its iOS beta version within April, following the release of the Android version in late February. SOMESING is also set to hold a meetup at the ICON Lounge on Euljiro, Seoul, on April 25 and is currently open for participants through "meetup.com."