Blockchain-based streaming platform startup raises $30 million
Earlier this year Play2Live (P2L) secured $16M in private pre-sale. Following the results of a public pre-sale on January 26 to February 6, 2018, the LUC tokens were sold at $18M, while almost $2M were raised in the first hour.
The origin of the investors was distributed as follows: 18% of the involved funds came from China, 16% came from Vietnam, 15% came from South Korea and 8% came from Russia, the rest was contributed from other regions.
Recently the company held the very first esports tournament in CS:GO with crypto prize pool – Play2Live CryptoMasters.
“Peer-to-peer CDN technology tested during the tournament allowed us to save up to 30% of traffic per separate stream. That means everyone, including the viewer, will be able to earn with us. Beta version with this monetization channel will already be available this summer, and our team is ready to deliver all the unique features that we’ve promised in our White Paper,” comments Alexey Burdyko, CEO and Founder at Play2Live.
Founded in 2017, Play2Live aims to merge blockchain technology with streaming services. P2L will have 15 sources of revenue, which is three times more compared to the streaming industry leaders. Streamers will be able to monetize their content in 11 ways versus 4-5 available on existing platforms. They can earn from the first stream, regardless of their audience size, as well as boost their audience via interactive tasks during the streams, betting service, enhanced chat communication and other engaging activities. Viewers will have 5 monetization tools – compared to zero elsewhere in streaming industry. They can earn by watching adverts, performing tasks set by streamers, voting for content, sharing their internet bandwidth via peer-to-peer CDN.
Play2Live uses a token called Level Up Coin (LUC) which can be easily converted to other cryptocurrencies or to fiat money through a special exchange service/API.
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