Decentralized content management and sharing platform Creaton, built on the popular smart contract platform Polygon (MATIC), has completed its strategic financing round. A total of $1 million was secured from a slew of prominent venture capital firms. This round was backed by investors such as BTSE Labs, Tykhe Block Ventures, and a collection of angel investors.
According to Alexander Klus, Founder of Creaton, this round is critical for the development of decentralized content sharing platforms and the whole Web3 infrastructure: “Our goal is to free artists from the unjust constraints imposed by Web 2.0 in recent years. Web 2.0 sites like Patreon have done their primary users a disservice by imposing payment problems, restrictions, and censorship. A platform that works for the first time is what we’re after, and we want to use several cutting-edge blockchain technologies to do just that. With our incredible group of investors, we can’t wait to get started.”
Creaton’s primary focus is on rethinking the relationship between content producers and consumers on blockchain rails. Its goal is to eliminate all intermediaries and costs so that creators and subscribers may work together primary focus. To do this, Creaton relies on a layered technology stack that includes Arweave storage, Lit Protocol encryption, and SuperFluid payments.