Press Release
PRICE RELEASE ReadONreadon.meThe seed round was completed by (), which is a company that uses blockchain to offer users a new content consumption experience. $2MSevenX Ventures was the lead.
Foresight Ventures and HashKey Capital were also investors. This seed capital will be used for the development of a mobile app called ReadON and a system that provides recommendations.
Neo Y. is the CEO and cofounder of ReadON. He’s a serial entrepreneur and founded a gaming and application company with over 500K DAU and $10 million revenue in 2020. Neo worked previously as Director of Product at Qutoutiao. (NASDAQ:QTT)., Designing the most popular Play2Earn product for China, with more than 30M users per day.
Troy H. was the Co-founder of ReadON and its CTO. He also served as senior technology manager at ByteDance. Troy previously worked as a senior technical lead for Pinterest (NYSE:PINS). Troy earned his master of computer science from Carnegie Mellon University’s Natural Language Processing Lab.
“Traditional internet platforms have supreme authority over content distribution and user data, based on which they feed content to users instead of allowing them to choose the content they want, resulting in information silos created by algorithms,” said ReadON’s co-founder Neo.
ReadON seeks to establish a new distribution model. It allows users to curate and upvote high-quality content, enabling them to have access to it efficiently.
Topic-bound NFT mechanisms allow users who have knowledge, experience and influence over different topics to cast their vote on curators. With the help of the True-Read technology, content consumers’ reading behaviors can also change the rating of curators.
ReadON hopes to bring in more curators and creators to the Web3 community, enriching it with their expertise. ReadON plans to launch plugins in the future that allow creators to easily claim ownership of Web2 platforms like Medium.
As ReadON’s co-founder Troy noted, “the essence of ReadON is to give creators ownership to their contents without changing how they create and publish, allowing authors, readers and editors to profit from their contributions. ”
Read ON
ReadON is an open-source content distribution platform. This unique Topic-bound NFT design has provided an incentive system for curators and consumers. ReadON is a platform that allows users to quickly and easily access content of high quality, breaking down information silos, explore new worlds and more.
ReadON won the Community Choice Award at the Solana Riptide Global Hackathon in April 2022. The public beta of ReadON’s mobile application will release this September.
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