Lino, a Cupertino, California-based decentralized autonomous video startup, raised $20m in funding via a private token sale.
Zhenfund led the round, with participation from FBG Capital, DFund, and INBlockchain.
The new funding will allow Lino to build its video distribution network with blockchain technology.
Led by Wilson Wei, CEO, Lino is a video startup which aims to create a decentralized means of distribution, ensure all content value is directly distributed to content creators and affiliated contributors without going through a privately owned entity as a middleman.
The company uses blockchain technology to ensure content value can be recognized efficiently and all contributors can be incentivized directly to promote long-term economic growth.