(Image via Mediachain/Medium)
Mediachain announced Wednesday it has been acquired by music streaming giant Spotify for an undisclosed amount.
The startup developed proprietary neural network software called the Mediachain Indexer Core to spot the signs of the alteration of images and songs online in an attempt to get proper credit for the content’s original creators. It then took that information and displayed it in a searchable database, built on a blockchain, so that the information would be decentralized and not able to be tampered with.
Mediachain raised $1.5 million last year, in a seed round led by Andreessen Horowitz and which included Union Square Ventures and Reddit’s Alex Ohanion.
— Jesse Walden (@jessewldn) April 26, 2017
Last year we covered the startup, asking an artist who’d had her work go viral online after it was screenshot and no longer connected with her name, what she thought of the product (she liked it).-30-
Uber acquires Brooklyn bicycle company for reported $100 million
Rockefeller money comes to Brooklyn for blockchain investing
5 pitches from the Made in NY Media Center program turning creatives into founders
Explore how diverse teams build dynamic products with Dev Bootcamp
Blockchain journalism startup Sludge hires 3 veteran reporters
A changing of the guard at Vice
Learn from these Brooklyn founders in our Tomorrow Toolkit ebook
Sign-up for regular updates from Technical.ly