RightsLedger to Help Artists Monetize Their IP

While the entertainment industry is booming, independent content creators are disconnected from their work and losing out on billions every year. See how RightsLedger unlocks the new creative economy
11 May 2018   469

Artists and creators struggle to make money under the current economic model of the rights management industry. Third-parties and piracy both work to undercut their ability to capitalize on their work, and a lack of transparency in the distribution process makes it difficult to see what they’re actually owed. RightsLedger looks to address the issue with a blockchain-based ecosystem that allows users to safeguard their work and reach a wider audience for distribution in an economy that removes the traditional barriers between artists and consumers.

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With RightsLedger, creators have a new platform to sell their work directly to distributors or independent buyers that is easier and more secure to use than the existing solutions by harnessing blockchain technology. Artists can upload and authenticate their work to prevent unauthorized duplication, and are able to manage their data and track their sales within the platform. The transaction between buyer and seller is transparent and secure, with smart contracts ensuring instantaneous delivery of content in exchange for Rights Tokens. And creators have access to more international markets in which to sell their work.

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The RightsIn team is led by Ray Young and Richard Gunawan, the founders of Web Concepts. Additionally, the RightsIn team relies on the vast experience of its joint venture partner Dinpay and their CEO Hugo Ye. Dinpay is China's leading third-party secure payment platform provider.

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RightsIn quickly becoming the largest single source of licensable intellectual property content database in the world. But, much more than just a repository for IP, it will be the largest revenue generating platform for all types of content owners. Providing sophisticated yet simple solutions that allow artists to monetize their creations makes RightsIn a platform for creatives to check out. 

Crypto Investor to File Lawsuit Against AT&T

Michael Terpin believes that AT&T helped scammers to still his $24M worth crypto
16 August 2018   93

In the Los Angeles District Court, a 69-page lawsuit was filed by BitAngels founder Michael Terpin against the American telecom giant AT&T. Terpin claims that the operator assisted fraudsters in "stealing digital personal data" from the account on his smartphone, which is why he lost $ 24 million in cryptocurrency, according to an official release.

According to Terpin, for seven months, there were two hacks. Initially, an attacker got access to his phone number without providing a password or correct identification data. Later, the phone number was used to steal crypto.

AT&T’s studied indifference to protecting its customers’ privacy and financial assets is a metastasizing cancer, threatening hundreds of millions of unsuspecting AT&T’s customers. Our client had no idea when he initially signed up, nor when later he was promised the highest level of security for his account, that low-level retail employees with access to AT&T records, or people posing as them, can be bribed by criminals to override every system that AT&T advertises as unassailable.
 

Pierce O’Donnell
Lead counsel for Terpin in this complaint

Michael Terpin requires AT & T to pay him $ 224 million - $ 200 million for moral damages and $ 24 million for actual theft.