Decentralized Video-Sharing Site BitChute Seeks $10M Series a at $750M-$1B Valuation

07/04 02:25

July 4 (Huobi) -Decentralized video-sharing site BitChute is seeking to raise $10 million in Series A funding at a valuation of $750 million to $1 billion. The new funds will be used to build new features that allow users to broadcast live and pay content creators. Bitcoin investors Patrick Dai and Matthew Branton have invested in BitChute and jointly acquired 60% of BitChute's shares. The long-term goal is to achieve decentralization based on the blockchain, and users can decide whether to conduct content review.
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