Altszn.com
  • Home
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
    • Monero
    • XRP
    • Zcash
  • Web3
  • DeFi
  • NFTs
No Result
View All Result
Altszn.com
  • Home
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
    • Monero
    • XRP
    • Zcash
  • Web3
  • DeFi
  • NFTs
No Result
View All Result
Altszn.com
No Result
View All Result

Web3 intellectual property licensing startup Spaceport raises $3.6M

Altszn.com by Altszn.com
December 14, 2022
in Web3
0
Web3 intellectual property licensing startup Spaceport raises $3.6M
399
SHARES
2.3k
VIEWS
Share on FacebookShare on Twitter


Web3 startup Spaceport today announced that it has raised $3.6 million in pre-seed funding to build a blockchain-based protocol to streamline the licensing of intellectual property and make it easier for creators to receive royalties.

Arca, Web3-native venture fund Decasonic and Crit Ventures, the venture capital arm of game developer Com2uS, co-led the funding round. Other investors also joining the round included Cozomo De Medici, Diaspora Ventures, Infinity Ventures Crypto, FBG Capital, Nextview Ventures, Republic Asia and Valhalla Ventures.

Tech entrepreneurs Le Zhang and Lida Tang founded Spaceport to tackle the complicated and legalistic pen-and-paper industry of intellectual property licensing to help creators, brands and agencies make money from their IP and gain better exposure using blockchain and Web3 technology.

Web3, otherwise known as the decentralized web, uses cryptographically protected transactions on blockchains to track and execute contracts peer-to-peer between parties that can be used to provide a programmable way to exchange IP rights. Blockchains also create the basis for cryptocurrencies – with prominent examples being bitcoin and Ethereum — which can be used for monetization.

“We built Spaceport to give creators and brands the ability to monetize their IP faster and more easily than ever before,” said Le Zhang, co-founder and chief executive of Spaceport.

A big part of the problem, according to Spaceport, is small creators get locked out of the market because of the overhead involved with IP rights management. Using Spaceport’s protocol and first application, Spaceport Core, making money from IP will be greatly simplified as their catalogs will be converted to Web3 assets, according to the company. Then from there, creators can use smart contracts to set up deals and receive royalties through the application.

“Spaceport unblocks a key challenge for creators to adopt Web3 by aligning value creation with their IP,” said Paul Hsu, founder and chief executive of Decasonic. “Their licensing infrastructure is accessible, easy to use and drives accretive revenues. I see large potential today for smart contracts to improve the licensing process and contracts.”

Media licensing and royalties management companies have been exploring blockchain technology in an attempt to save costs and draw in new audiences with the expectation that it might help ease decades-long pain points. Examples include Anote Music’s royalties investment platform, which allows artists and labels to license out their music rights to investors and manage royalties in order to raise capital. Tech Mahindra has a blockchain-based contract and rights management system that uses IBM Corp.’s Hyperledger Fabric for IP management.

Music streaming service Spotify even jumped on the bandwagon with the acquisition of Mediachain Labs in 2017, although only to track attribution and licensing details.

Spaceport currently offers its protocol and application privately through a number of significant partnerships with media, gaming and consumer goods companies.

The company said it intends to use the new funds to continue to hire talent, reach out to more partners with prominent IP portfolios who want broader exposure, and build out the company’s public launch of its products.

Image: Spaceport

Show your support for our mission by joining our Cube Club and Cube Event Community of experts. Join the community that includes Amazon Web Services and Amazon.com CEO Andy Jassy, Dell Technologies founder and CEO Michael Dell, Intel CEO Pat Gelsinger and many more luminaries and experts.



Read More: news.google.com

Tags: 3.6MIntellectualKyt DotsonLicensingPropertyRaisesSiliconANGLESpacePortStartupweb 3.0Web3Web3 intellectual property licensing startup Spaceport raises $3.6M
ADVERTISEMENT

Recent

Cointelegraph and TheBlock. announce strategic media partnership to strengthen global Web3 and virtual asset collaboration

Cointelegraph and TheBlock. announce strategic media partnership to strengthen global Web3 and virtual asset collaboration

May 13, 2025
Brave adds Cardano support

Brave adds Cardano support

May 13, 2025
Gate.io Redefines Investment Paradigm With Four Core Token Launch Engines

Gate.io Redefines Investment Paradigm With Four Core Token Launch Engines

May 13, 2025

Categories

  • Bitcoin (4,890)
  • Blockchain (11,484)
  • Crypto (9,425)
  • Dark Web (552)
  • DeFi (8,430)
  • Ethereum (4,943)
  • Metaverse (7,621)
  • Monero (291)
  • NFT (1,527)
  • Solana (5,061)
  • Web3 (20,820)
  • Zcash (508)

Category

Select Category

    Advertise

    Advertise your site, company or product to millions of web3, NFT and cryptocurrency enthusiasts. Learn more

    Useful Links

    Advertise
    DMCA
    Contact Us
    Privacy Policy
    Shipping & Returns
    Terms of Use

    Resources

    Exchanges
    Changelly
    Web3 Jobs

    Recent News

    Cointelegraph and TheBlock. announce strategic media partnership to strengthen global Web3 and virtual asset collaboration

    Cointelegraph and TheBlock. announce strategic media partnership to strengthen global Web3 and virtual asset collaboration

    May 13, 2025
    Brave adds Cardano support

    Brave adds Cardano support

    May 13, 2025

    © 2022 Altszn.com. All Rights Reserved.

    No Result
    View All Result
    • Home
      • Home – Layout 1
      • Home – Layout 2
      • Home – Layout 3

    © Altszn.com. All Rights Reserved.

    • bridged-usd-coin-optimismStandard Bridged USDC.e (Optimism) (USDC.E) $ 0.998725
    • bridged-usd-coin-optimismStandard Bridged USDC.e (Optimism) (USDC.E) $ 0.998725
    • autonolasAutonolas (OLAS) $ 0.313811
    • autonolasAutonolas (OLAS) $ 0.313811
    • axondao-governance-tokenAxonDAO Governance Token (AXGT) $ 0.125757
    • axondao-governance-tokenAxonDAO Governance Token (AXGT) $ 0.125757
    • magic-internet-moneyMagic Internet Money (Ethereum) (MIM) $ 1.00
    • magic-internet-moneyMagic Internet Money (Ethereum) (MIM) $ 1.00
    • avant-usdAvant USD (AVUSD) $ 1.00
    • avant-usdAvant USD (AVUSD) $ 1.00
    • btu-protocolBTU Protocol (BTU) $ 0.690424
    • btu-protocolBTU Protocol (BTU) $ 0.690424
    • ecomiECOMI (OMI) $ 0.000203
    • ecomiECOMI (OMI) $ 0.000203
    • binance-peg-eosBinance-Peg EOS (EOS) $ 0.860253
    • binance-peg-eosBinance-Peg EOS (EOS) $ 0.860253
    • bridged-tether-opbnbBridged Tether (opBNB) (USDT) $ 1.00
    • bridged-tether-opbnbBridged Tether (opBNB) (USDT) $ 1.00
    • stronghold-tokenStronghold (SHX) $ 0.010179
    • stronghold-tokenStronghold (SHX) $ 0.010179
    • stargate-bridged-usdc-berachainStargate Bridged USDC (Berachain) (USDC.E) $ 0.999773
    • stargate-bridged-usdc-berachainStargate Bridged USDC (Berachain) (USDC.E) $ 0.999773
    • desoDecentralized Social (DESO) $ 5.18
    • desoDecentralized Social (DESO) $ 5.18
    • hunt-tokenHunt (HUNT) $ 0.271710
    • hunt-tokenHunt (HUNT) $ 0.271710
    • milady-meme-coinMilady Meme Coin (LADYS) $ 0.00000006
    • milady-meme-coinMilady Meme Coin (LADYS) $ 0.00000006
    • hydradxHydration (HDX) $ 0.013821
    • hydradxHydration (HDX) $ 0.013821
    • cobak-tokenCobak (CBK) $ 0.567798
    • cobak-tokenCobak (CBK) $ 0.567798
    • apex-token-2ApeX (APEX) $ 0.571538
    • apex-token-2ApeX (APEX) $ 0.571538
    • roam-tokenROAM Token (ROAM) $ 0.189941
    • roam-tokenROAM Token (ROAM) $ 0.189941
    • railgunRailgun (RAIL) $ 0.926162
    • railgunRailgun (RAIL) $ 0.926162
    • cronos-bridged-wbtc-cronosCronos Bridged WBTC (Cronos) (WBTC) $ 103,877.00
    • cronos-bridged-wbtc-cronosCronos Bridged WBTC (Cronos) (WBTC) $ 103,877.00
    • escoin-tokenEscoin (ELG) $ 0.284501
    • escoin-tokenEscoin (ELG) $ 0.284501
    • ekubo-protocolEkubo Protocol (EKUBO) $ 5.21
    • ekubo-protocolEkubo Protocol (EKUBO) $ 5.21
    • mister-migglesMr. Miggles (MIGGLES) $ 0.054186
    • mister-migglesMr. Miggles (MIGGLES) $ 0.054186
    • zerebroZerebro (ZEREBRO) $ 0.051802
    • zerebroZerebro (ZEREBRO) $ 0.051802
    • my-neighbor-aliceMy Neighbor Alice (ALICE) $ 0.560020
    • my-neighbor-aliceMy Neighbor Alice (ALICE) $ 0.560020
    • devveDevvE (DEVVE) $ 0.590194
    • devveDevvE (DEVVE) $ 0.590194
    • kujiraKujira (KUJI) $ 0.422162
    • kujiraKujira (KUJI) $ 0.422162
    • netmind-tokenNetMind Token (NMT) $ 1.08
    • netmind-tokenNetMind Token (NMT) $ 1.08
    • game-by-virtualsGAME by Virtuals (GAME) $ 0.051339
    • game-by-virtualsGAME by Virtuals (GAME) $ 0.051339
    • huobi-tokenHuobi (HT) $ 0.321736
    • huobi-tokenHuobi (HT) $ 0.321736
    • avalon-2Avalon (AVL) $ 0.281070
    • avalon-2Avalon (AVL) $ 0.281070
    • banana-for-scale-2Banana For Scale (BANANAS31) $ 0.005093
    • banana-for-scale-2Banana For Scale (BANANAS31) $ 0.005093
    • smardexSMARDEX (SDEX) $ 0.005568
    • smardexSMARDEX (SDEX) $ 0.005568
    • dusk-networkDUSK (DUSK) $ 0.101650
    • dusk-networkDUSK (DUSK) $ 0.101650
    • dydxdYdX (ETHDYDX) $ 0.690419
    • dydxdYdX (ETHDYDX) $ 0.690419
    • hashflowHashflow (HFT) $ 0.088694
    • hashflowHashflow (HFT) $ 0.088694
    • debridgedeBridge (DBR) $ 0.017353
    • debridgedeBridge (DBR) $ 0.017353
    • quai-networkQuai Network (QUAI) $ 0.103699
    • quai-networkQuai Network (QUAI) $ 0.103699
    • wen-4Wen (WEN) $ 0.000069
    • wen-4Wen (WEN) $ 0.000069
    • dforce-tokendForce (DF) $ 0.050274
    • dforce-tokendForce (DF) $ 0.050274
    • slerfSlerf (SLERF) $ 0.100375
    • slerfSlerf (SLERF) $ 0.100375
    • unipolyUnipoly (UNP) $ 0.179914
    • unipolyUnipoly (UNP) $ 0.179914
    • alethea-artificial-liquid-intelligence-tokenArtificial Liquid Intelligence (ALI) $ 0.006110
    • alethea-artificial-liquid-intelligence-tokenArtificial Liquid Intelligence (ALI) $ 0.006110
    • socean-staked-solSanctum Infinity (INF) $ 228.90
    • socean-staked-solSanctum Infinity (INF) $ 228.90
    • rss3RSS3 (RSS3) $ 0.069508
    • rss3RSS3 (RSS3) $ 0.069508
    • unicorn-fart-dustUnicorn Fart Dust (UFD) $ 0.049855
    • unicorn-fart-dustUnicorn Fart Dust (UFD) $ 0.049855
    • syscoinSyscoin (SYS) $ 0.060967
    • syscoinSyscoin (SYS) $ 0.060967
    • binance-peg-avalancheBinance-Peg Avalanche (AVAX) $ 24.80
    • binance-peg-avalancheBinance-Peg Avalanche (AVAX) $ 24.80
    • spacenSpaceN (SN) $ 1.24
    • spacenSpaceN (SN) $ 1.24
    • metal-blockchainMetal Blockchain (METAL) $ 0.097285
    • metal-blockchainMetal Blockchain (METAL) $ 0.097285
    • bridged-usd-coin-optimismStandard Bridged USDC.e (Optimism) (USDC.E) $ 0.998725
    • bridged-usd-coin-optimismStandard Bridged USDC.e (Optimism) (USDC.E) $ 0.998725
    • autonolasAutonolas (OLAS) $ 0.313811
    • autonolasAutonolas (OLAS) $ 0.313811
    • axondao-governance-tokenAxonDAO Governance Token (AXGT) $ 0.125757
    • axondao-governance-tokenAxonDAO Governance Token (AXGT) $ 0.125757
    • magic-internet-moneyMagic Internet Money (Ethereum) (MIM) $ 1.00
    • magic-internet-moneyMagic Internet Money (Ethereum) (MIM) $ 1.00
    • avant-usdAvant USD (AVUSD) $ 1.00
    • avant-usdAvant USD (AVUSD) $ 1.00
    • btu-protocolBTU Protocol (BTU) $ 0.690424
    • btu-protocolBTU Protocol (BTU) $ 0.690424
    • ecomiECOMI (OMI) $ 0.000203
    • ecomiECOMI (OMI) $ 0.000203
    • binance-peg-eosBinance-Peg EOS (EOS) $ 0.860253
    • binance-peg-eosBinance-Peg EOS (EOS) $ 0.860253
    • bridged-tether-opbnbBridged Tether (opBNB) (USDT) $ 1.00
    • bridged-tether-opbnbBridged Tether (opBNB) (USDT) $ 1.00
    • stronghold-tokenStronghold (SHX) $ 0.010179
    • stronghold-tokenStronghold (SHX) $ 0.010179
    • stargate-bridged-usdc-berachainStargate Bridged USDC (Berachain) (USDC.E) $ 0.999773
    • stargate-bridged-usdc-berachainStargate Bridged USDC (Berachain) (USDC.E) $ 0.999773
    • desoDecentralized Social (DESO) $ 5.18
    • desoDecentralized Social (DESO) $ 5.18
    • hunt-tokenHunt (HUNT) $ 0.271710
    • hunt-tokenHunt (HUNT) $ 0.271710
    • milady-meme-coinMilady Meme Coin (LADYS) $ 0.00000006
    • milady-meme-coinMilady Meme Coin (LADYS) $ 0.00000006
    • hydradxHydration (HDX) $ 0.013821
    • hydradxHydration (HDX) $ 0.013821
    • cobak-tokenCobak (CBK) $ 0.567798
    • cobak-tokenCobak (CBK) $ 0.567798
    • apex-token-2ApeX (APEX) $ 0.571538
    • apex-token-2ApeX (APEX) $ 0.571538
    • roam-tokenROAM Token (ROAM) $ 0.189941
    • roam-tokenROAM Token (ROAM) $ 0.189941
    • railgunRailgun (RAIL) $ 0.926162
    • railgunRailgun (RAIL) $ 0.926162
    • cronos-bridged-wbtc-cronosCronos Bridged WBTC (Cronos) (WBTC) $ 103,877.00
    • cronos-bridged-wbtc-cronosCronos Bridged WBTC (Cronos) (WBTC) $ 103,877.00
    • escoin-tokenEscoin (ELG) $ 0.284501
    • escoin-tokenEscoin (ELG) $ 0.284501
    • ekubo-protocolEkubo Protocol (EKUBO) $ 5.21
    • ekubo-protocolEkubo Protocol (EKUBO) $ 5.21
    • mister-migglesMr. Miggles (MIGGLES) $ 0.054186
    • mister-migglesMr. Miggles (MIGGLES) $ 0.054186
    • zerebroZerebro (ZEREBRO) $ 0.051802
    • zerebroZerebro (ZEREBRO) $ 0.051802
    • my-neighbor-aliceMy Neighbor Alice (ALICE) $ 0.560020
    • my-neighbor-aliceMy Neighbor Alice (ALICE) $ 0.560020
    • devveDevvE (DEVVE) $ 0.590194
    • devveDevvE (DEVVE) $ 0.590194
    • kujiraKujira (KUJI) $ 0.422162
    • kujiraKujira (KUJI) $ 0.422162
    • netmind-tokenNetMind Token (NMT) $ 1.08
    • netmind-tokenNetMind Token (NMT) $ 1.08
    • game-by-virtualsGAME by Virtuals (GAME) $ 0.051339
    • game-by-virtualsGAME by Virtuals (GAME) $ 0.051339
    • huobi-tokenHuobi (HT) $ 0.321736
    • huobi-tokenHuobi (HT) $ 0.321736
    • avalon-2Avalon (AVL) $ 0.281070
    • avalon-2Avalon (AVL) $ 0.281070
    • banana-for-scale-2Banana For Scale (BANANAS31) $ 0.005093
    • banana-for-scale-2Banana For Scale (BANANAS31) $ 0.005093
    • smardexSMARDEX (SDEX) $ 0.005568
    • smardexSMARDEX (SDEX) $ 0.005568
    • dusk-networkDUSK (DUSK) $ 0.101650
    • dusk-networkDUSK (DUSK) $ 0.101650
    • dydxdYdX (ETHDYDX) $ 0.690419
    • dydxdYdX (ETHDYDX) $ 0.690419
    • hashflowHashflow (HFT) $ 0.088694
    • hashflowHashflow (HFT) $ 0.088694
    • debridgedeBridge (DBR) $ 0.017353
    • debridgedeBridge (DBR) $ 0.017353
    • quai-networkQuai Network (QUAI) $ 0.103699
    • quai-networkQuai Network (QUAI) $ 0.103699
    • wen-4Wen (WEN) $ 0.000069
    • wen-4Wen (WEN) $ 0.000069
    • dforce-tokendForce (DF) $ 0.050274
    • dforce-tokendForce (DF) $ 0.050274
    • slerfSlerf (SLERF) $ 0.100375
    • slerfSlerf (SLERF) $ 0.100375
    • unipolyUnipoly (UNP) $ 0.179914
    • unipolyUnipoly (UNP) $ 0.179914
    • alethea-artificial-liquid-intelligence-tokenArtificial Liquid Intelligence (ALI) $ 0.006110
    • alethea-artificial-liquid-intelligence-tokenArtificial Liquid Intelligence (ALI) $ 0.006110
    • socean-staked-solSanctum Infinity (INF) $ 228.90
    • socean-staked-solSanctum Infinity (INF) $ 228.90
    • rss3RSS3 (RSS3) $ 0.069508
    • rss3RSS3 (RSS3) $ 0.069508
    • unicorn-fart-dustUnicorn Fart Dust (UFD) $ 0.049855
    • unicorn-fart-dustUnicorn Fart Dust (UFD) $ 0.049855
    • syscoinSyscoin (SYS) $ 0.060967
    • syscoinSyscoin (SYS) $ 0.060967
    • binance-peg-avalancheBinance-Peg Avalanche (AVAX) $ 24.80
    • binance-peg-avalancheBinance-Peg Avalanche (AVAX) $ 24.80
    • spacenSpaceN (SN) $ 1.24
    • spacenSpaceN (SN) $ 1.24
    • metal-blockchainMetal Blockchain (METAL) $ 0.097285
    • metal-blockchainMetal Blockchain (METAL) $ 0.097285