Recently, I was browsing and found that the blockchain token entertainment platform TaTaTu (TTU) announced that it has received $575 million in financing, which makes it one of the largest private equity financings in the blockchain.
Its TTU token is the central currency of the blockchain social entertainment platform TaTaTu, which is used to pay for content creators and viewers, and to pay for platform advertising. The novelty found that steemit is still relatively advanced and relatively stable. TaTaTu sells TTU tokens, and TaTaTu also allows the initial planning to have a certain amount of money, acquire new content, and develop its user base. TaTaTu wants to create a combination of content production studios, social networks, content publishers, and other businesses, and this requires a lot of resources.
Marcello Mari, a spokesperson for the company, said that in the past six or seven months, the company's employees have worked very hard, he has also participated in the blockchain, and the platform's technical department has more than 250 developers. people. In addition, there is currently no discussion with any large studios, but it may be possible in the future.
The company's spokesperson Marcello Mari believes that the current social media industry absolutely needs a new business model, especially in the entertainment industry, let alone the combination of the two. However, most entertainment industries are now the same. They are just using people's data, but they are not rewarding people. All we have to do is put users and content makers on the same level. Users spend time online and give their own data, so Marcello Mari thinks they should be rewarded. However, it is worth noting that the white paper does not specify the amount of tokens issued and whether additional plans are planned. What we know is that 57% of its tokens are used for private placements, 35.5% for reserve stable markets, 5% for teams and consultants, and 2.5% for founders.
On the product side, it is seen through the news that TaTaTu will continue to launch some functions, such as celebrity files, digital rights management system, user videos and recommendations, and other types of video content. These features are expected to be completed around March 2019. TaTaTu also said it would create its own video content, as well as a streaming content platform, benchmarking Netflix. I said that I will always pay attention to these platforms. What opinions and ideas do you have?