In spite of the ongoing crypto winter, venture capitalists are investing millions in Web3 gaming startups. The latest platform taking advantage of that buzz is Stacked, a “Web3 startup studio” that just raised a 12.9 million Series A funding round.
Stacked co-founder Alex Lin told TechCrunch that his upcoming platform will essentially be “Twitch for Web3.” The streaming hub’s interface will probably look familiar to Twitch users, but its ownership structure is more novel. By dispensing tokens to top-performing creators, Stacked wants to ensure that its community maintains a majority stake in the company.
Like another well-funded Web3 startup, CreatorDAO, Stacked is positioning its financial system as a more egalitarian alternative to the models employed by Web 2.0 platforms. “If a video platform is only as good as its content, why do its content creators receive little to no ownership over the value they create?” asks the About page on the Stacked website.
Stacked co-founder Alex Lin told TechCrunch that his upcoming platform will essentially be “Twitch for Web3.” The streaming hub’s interface will probably look familiar to Twitch users, but its ownership structure is more novel. By dispensing tokens to top-performing creators, Stacked wants to ensure that its community maintains a majority stake in the company.
Like another well-funded Web3 startup, CreatorDAO, Stacked is positioning its financial system as a more egalitarian alternative to the models employed by Web 2.0 platforms. “If a video platform is only as good as its content, why do its content creators receive little to no ownership over the value they create?” asks the About page on the Stacked website.
- 8/31/2022
- by Sam Gutelle
- Tubefilter.com
Sony Pictures TV has signed 88rising, the emergent company that spotlights modern global Asian culture, to a first-look deal. The two will partner to develop scripted series centering Asian and Asian American culture, across all platforms, and 88rising has hired former Imagine and NBC exec Alex Lin to serve as its first development executive for film and television.
Since its founding in 2015, 88rising has quickly risen—pun unintended—from a record label for pan-Asian artists to a music, media and events company that in 2018 became the first to stage an Asian music festival in the United States (Head in the ...
Since its founding in 2015, 88rising has quickly risen—pun unintended—from a record label for pan-Asian artists to a music, media and events company that in 2018 became the first to stage an Asian music festival in the United States (Head in the ...
- 1/26/2021
- The Hollywood Reporter - Film + TV
Sony Pictures TV has signed 88rising, the emergent company that spotlights modern global Asian culture, to a first-look deal. The two will partner to develop scripted series centering Asian and Asian American culture, across all platforms, and 88rising has hired former Imagine and NBC exec Alex Lin to serve as its first development executive for film and television.
Since its founding in 2015, 88rising has quickly risen—pun unintended—from a record label for pan-Asian artists to a music, media and events company that in 2018 became the first to stage an Asian music festival in the United States (Head in the ...
Since its founding in 2015, 88rising has quickly risen—pun unintended—from a record label for pan-Asian artists to a music, media and events company that in 2018 became the first to stage an Asian music festival in the United States (Head in the ...
- 1/26/2021
- The Hollywood Reporter - Movie News
Exclusive: Sony Pictures Television has signed a first-look deal with 88rising to develop scripted television series angled around Asian and Asian-American culture.
88rising is a U.S.-based Asian music and media company, which started life as a record label in 2015. Since then, it has launched the Head in the Clouds Music & Arts Festival festival, launched an Asian-themed SiriusXM radio channel, and is developing feature projects with actor Jon “Dumbfoundead” Park and Twilight star Justin Chon.
Alex Lin, a former NBCUniversal comedy development executive, is working as a development executive on 88rising’s film and TV efforts.
Glenn Adilman, EVP of comedy development at Sony Pictures Television, said: “We are incredibly impressed with all that 88rising has achieved in music, media and storytelling. We love everything they stand for and are thrilled to help bring their very unique and important Asian and Asian American stories to television and for the...
88rising is a U.S.-based Asian music and media company, which started life as a record label in 2015. Since then, it has launched the Head in the Clouds Music & Arts Festival festival, launched an Asian-themed SiriusXM radio channel, and is developing feature projects with actor Jon “Dumbfoundead” Park and Twilight star Justin Chon.
Alex Lin, a former NBCUniversal comedy development executive, is working as a development executive on 88rising’s film and TV efforts.
Glenn Adilman, EVP of comedy development at Sony Pictures Television, said: “We are incredibly impressed with all that 88rising has achieved in music, media and storytelling. We love everything they stand for and are thrilled to help bring their very unique and important Asian and Asian American stories to television and for the...
- 1/26/2021
- by Jake Kanter
- Deadline Film + TV
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