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Monday, 16 April 2018, 17:30 HKT/SGT

Source: LikeCoin
Reinventing the 'Like': LikeCoin Shines at Creative Commons Summit Proudly Empowering Creators Worldwide
Together with USD3 million raised and over 1,000 community innovators, LikeCoin unlocks open collaborative opportunities for content creators

SINGAPORE, Apr 16, 2018 - (Media OutReach) - LikeCoin (http://like.co/), a blockchain protocol for independent content creators, which provides a mechanism for creators worldwide to be rewarded for their original or derivative works, spread the word about their mission to empower creative collaborations at the Creative Commons Global Summit 2018, an event where an international community of leading technologists, legal experts, academics, activists, and community members gathered together who work to promote the power of open worldwide.

In today's digital-first age, individuals who work in the creative profession would have been approached at one point or another to work on creative content for free, or to have their content published on social media and merely "rewarded" by Likes. LikeCoin's vision is to maximise creativity by coupling practical recognition and Creative Commons.

"Creators will be recognised with LikeCoin when their work is 'liked', 'super-liked' or re-created by the community," said Kin Ko, co-founder of LikeCoin, who descended on Toronto, sharing his vision of the future with some of the brightest minds in the world's creative scene at Creative Commons Summit 2018. "These creators also stand to gain exposure through LikeCoin events across markets in Asia, alongside established artists such as Kit Man, yanSquare and mankenlive."

LikeCoin creates unique fingerprints for all creative contents and traces footprints of all derivative works along with creators and distributors of the content. Powered by a global, decentralised and resilient IPFS-based technology, LikeCoin's reinvented Like Button and LikeRank algorithm will enable attribution and collaboration of content across multiple platforms and applications, allowing content creators and adopters to curate contents and record the data on blockchain for other distributors to use.

"I believe in LikeCoin for what it's about to bring to creators and creative organisations is nothing less than the Renaissance to people in and out of the circle." said one of LikeCoin's early supporters To Cheung, Founder and CEO of UDOMAIN.

The LikeCoin ecosystem will support creative content in many formats including photos, illustrations, videos and articles. Original content may be distributed by content distributors directly or modified, forming derivative work which can be adopted for use by content adopters. At the same time, LikeCoin's unique Proof of Creativity mechanism and blockchain Smart Contract are proven to incentivise creators and will help drive broad adoption by distribution platforms and service providers in the ecosystem.

Early adopters of LikeCoin include the prominent digital media outlets Famitsu, covering latest news and information in anime, comic and games. As well as Stand News, which is known for their editorial independence, integrity and high journalistic standards.

"LikeCoin is a unique project that truly allows artists to come together to distribute, remix, tweak, and derive many more original creative content that a society needs, especially in order to create wider awareness and conversations of a particular issue or topic," said Kit Man, an established multimedia designer from Hong Kong.

To date, LikeCoin has successfully raised over USD3 million dollars in private sale. In the 12 months since the project's inception, over 1,000 creators have already signed up with LikeCoin's creative network in markets across Hong Kong, Taiwan, Japan and others.

Image and video assets can be found on: https://press.like.co

For more information on LikeCoin:
Sign up on LikeCoin Store: like.co
Join LikeCoin Facebook group: fb.com/groups/likecoin
Join LikeCoin Telegram group: t.me/likecoin
Read LikeCoin Whitepaper: like.co/in/whitepaper
Follow LikeCoin Medium feeds: medium.com/likecoin
Follow LikeCoin Twitter account: twitter.com/likecoin_fdn

About LikeCoin
LikeCoin aims to reinvent the "Like" by realigning creativity and reward. LikeCoin enables attribution and cross-application collaboration on creative contents. With a reinvented Like button and its unique LikeRank algorithm, LikeCoin traces content footprint and reward creators by Proof of Creativity mechanism.

Media Contact:
LikeCoin PR Team
[email protected]

Topic: Press release summary

From the Asia Corporate News Network

Copyright © 2019 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

Kin Ko, co-founder of LikeCoin, shared his vision of the future with some of the brightest minds in the world's creative scene at Creative Commons Summit 2018.
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