Po.et to Support Custom Content Licenses

During April of 2018 Po.et will start fully supporting custom content licenses in addition to Creative Commons and other industry standards
28 March 2018   621

Po.et is a shared, open, universal ledger designed to record metadata and ownership information for digital creative assets, which also is a continuation of Proof of Existence, the first non-financial application of the blockchain. By creating an open platform on the Bitcoin blockchain, Po.et aims to create the most institutional, globally-verifiable record of digital media assets.

We have reviewed the roadmap of the Po.et platform in order to find out which new updates the team behind the project is preparing, and we found out that the newest update that Po.et is going to deliver to its customers is the support for custom content licenses in addition to Creative Commons and other industry standards. The Marketplace Licensing process will be launched in April 2018.

Po.et RoadmapPo.et Roadmap

As for the long-range goals of the Po.et platform, it plans to let the multiple owners for a digital asset share the profits and licensing revenue from that asset by the end of June 2018, and enable frictionless and instant micropayments via Payment channel support during September 2018.

At the moment of press, these are main market parameters of Po.et token:

Average price: $0,033443
Marketcap: $74 806 664
24h volume: $3 732 580

SEC to Accuse Veritaseum ICO of Fraud

SEC believes that project's tokensale, thru which it raised $14.8M back in 2017-2018 had a signs of scam and company misled the investors
14 August 2019   410

The U.S. Securities and Exchange Commission (SEC) has sued New Yorker  and Veritaseum-related companies that have been caught by the agency in conducting an unregistered ICO with signs of fraud. It is reported by Cointelegraph.

According to documents published on the network, the SEC intends to hold Reggie Middleton accountable and immediately freeze the assets of Veritaseum Inc. and Veritaseum LLC.

The Commission claims that the defendants raised about $ 14.8 million through an initial coin offering (ICO) in 2017 - early 2018. At the same time, many investors were misled, as the company distorted information about the conditions of the token sale and deliberately hid some significant details.

The American regulator claims that the project still has about $ 8 million of illegally raised funds. According to the SEC, these assets must be frozen immediately.

Amid this news, the Veritaseum (VERI) rate has fallen by 70%. Now the coin is trading near the $ 5 mark, although at the beginning of 2018 its rate was approaching $ 500.

Veritaseum was created as a financial p2p platform, involving the movement of capital without traditional intermediaries. Also, VERI was positioned as a utility token for use in consulting services and access to various research works.

In 2017, Veritaseum blockchain startup fell victim to hackers, having lost $ 8.4 million from ICO investors.