Decentralized video sharing site BitChute seeks to complete a $10 million Series A funding round with a valuation of $750 million to $1 billion

ChainCatcher news, according to Reuters, the decentralized video sharing site BitChute is seeking to complete a $10 million Series A funding round with a valuation between $750 million and $1 billion. The new funds will be used to build new features that allow users to live stream and pay content creators. Bitcoin investors Patrick Dai and Matthew Branton have invested in BitChute and jointly acquired 60% of BitChute, with the long-term goal of achieving decentralization based on blockchain, allowing users to decide whether to moderate content. (Source link)