NEM Ventures Invests In Blockchain-Powered Timestamping Solution SharpShark
NEM Ventures, the venture capital and investment arm of the NEM blockchain ecosystem, has invested an undisclosed amount in blockchain-powered timestamping solution SharpShark.
SharpShark helps protect copyrights and enables the transfer of intellectual property. Built on NEM Symbol, SharpShark protects text and image copyrights by timestamping, saving in full, and tokenizing intellectual property. Designed for creators including journalists, academics and journalists, the solution publishes the digital signature of the text and images to the Symbol blockchain alongside the author details to prove authorship, and then stores data off-chain in immutable form.
“Existing timestamping solutions have fallen short and copyright deposits are extremely costly,” said Kailin O’Donnell, Co-Founder and General Partner at NEM Ventures. “SharpShark’s digital timestamping service records artwork, aiming to protect creators’ moral rights to their work by detecting plagiarism and copyright infringement. We believe that all makers should have full control over their creations, and are aligned with SharpShark’s mission to create a fair and equitable solution for protecting intellectual property.”
SharpShark was founded by Sasha Ivanova, an IT-engineer, award-winning writer and one of CoinTelegraph Latam’s ‘Top-100 Blockchain Entrepreneurs’, and Valeriia Panina, a crypto native content designer and former Managing Editor of an analytical agency. To-date, SharpShark has tested their solution with Cispen, the journalists’ union, and the project is currently participating in the Start-Up Chile Seed acceleration program.
“As long-standing members of the blockchain community, we’ve followed the NEM project for years, and the Symbol blockchain suits perfectly for intellectual property management,” Ivanova said. “Symbol has a layered architecture that enables trustlessness, and performance optimisation, which was a natural fit for our solution. We’re excited to work with the NEM Ventures team to further develop our product, with the aim of making copyright and intellectual property protection more accessible and equitable.”
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