Current (platform)

Current
Industry Streaming
Founded 2016
Founders Dan Novaes, Nick McEvily, and Kiran Panesar
Website current.us

Current is an American media platform.

History

The company was founded by CEO Dan Novaes,[1][2] Nick McEvily, and Kiran Panesar[3] in 2016.[4] The company’s Board of Advisors include Galia Benartzi and Mark Cuban.[3]

Platform

The Current platform consolidates media streaming services into one point of access. Users of the platform receive digital tokens called CRNC, which can be exchanged for goods or services on the Current platform, which uses the Ethereum blockchain—monetizing a “users’ time, attention, and data”.[3] According to Novaes, this decentralizes the monetization of data from large corporations to the individuals from which the data is coming from.[5] Current is accessed through a web and mobile app, and the initial CRNC air drop to users was valued at $4 million.[6] In 2018 the company raised $36 million in a private sale.[7] In all the company was offered $150 million.[8][9][10]

References

  1. ↑ Belvedere, Matthew J. (17 January 2018). "Day traders tempted by bitcoin's recent plunge are going to 'get slaughtered,' says blockchain entrepreneur".
  2. ↑ "We now know who was behind the $1 million bet that bitcoin will soar to $50,000".
  3. 1 2 3 "ICO Watch - Current (CRNC) Will Reward Users During Media Streaming". 14 February 2018.
  4. ↑ "Current launches token sale for 'All-In-One' media ecosystem". www.cryptoninjas.net.
  5. ↑ "Terms of Service Violation". www.bloomberg.com.
  6. ↑ www.webdevo.ie (7 February 2018). "CURRENT".
  7. ↑ "Current Media Closes $36m Private Sale, Readies Airdrop - Blockchain News". 6 February 2018.
  8. ↑ "Put some respect on Dan Novaes' name, the new age entrepreneur behind Current". kulturehub.com.
  9. ↑ www.webdevo.ie (17 January 2018). "First Porn, Now Music and Film – the Blockchain Will Pay You to Consume".
  10. ↑ "Current.us Cryptocurrency Token (CRNC) Gets You Paid To Play All Media Types". 27 May 2018.
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