AlphaNetworks Raises $10 Million To Build Global Media Platform on the Blockchain

IBC2018, AMSTERDAM, Sept. 18, 2018 (GLOBE NEWSWIRE) — AlphaNetworks (https://alphanetworks.io/), a blockchain-powered entertainment platform supported by industry-leading AI and cognitive science, announced today the close of USD $10 million of initial funding led by Alphabit Digital Currency Fund and joined by Shuttle Fund of Korea, Smart Contract of Japan and other major crypto investors. The announcement was made as part of AlphaNetworks’ appearance on the closing keynote panel of the International Broadcasting Conference in Amsterdam, the premier annual event for broadcast professionals worldwide.

AlphaNetworks is led by two-time Emmy winner, former Television Academy Governor and media consultant, Seth Shapiro. As Head of Production at DIRECTV Advanced Services, he launched over 25 services, including NFL Sunday Ticket Interactive and TiVo by DIRECTV, the world’s first major DVR platform. AlphaNetworks combines subscription VOD, targeted advertising, and pay-per-view business models along with complete pricing freedom for creators and media companies. The platform also offers AI-powered audience analytics, blockchain-based transparency and increased monetization for creators and media companies based on on a transparent, viewership-based algorithm.

“We are incredibly proud of the industry-leading expertise of the AlphaNetworks team, and their incredible roadmap for building the next generation of media infrastructure on the blockchain,” said Alphabit Fund CEO Liam Robertson.

AlphaNetworks Proof of Engagement (PoE) algorithm tracks interactions between consumers, advertisers, and content, giving all stakeholders transparent insight into audience behaviors, which means improved curation for viewers, fair compensation for creators, and more targeted advertising—all tracked and authenticated on the blockchain.

“It’s fashionable to talk about how much the media business is being disrupted—as if this was something new. The truth is the media business has always been disrupted by new technology— from broadcast to cable, and cable to broadband,” said Seth Shapiro, Founder and CEO of AlphaNetworks. “The next era of media will be defined by forces like blockchain and distributed ledger technology, AI and cognitive science, which will unleash unprecedented opportunities for creators, consumers, and advertisers. We’re proud to be a part of this next wave.”

AlphaNetworks is slated to launch in Q2 2019. For more information, watch this video, visit AlphaNetworks.io, and join Telegram at T.me/AlphaNetworksTV.

About AlphaNetworks:
AlphaNetworks is a blockchain-powered entertainment platform dedicated to building the infrastructure of the next era of media. AlphaNetworks combines subscription VOD, targeted advertising, and pay-per-view business models on one platform for a seamless user experience. The platform provides complete pricing freedom and increased monetization for content creators based on a transparent, viewership-based algorithm, along with AI-powered audience analytics. RadicalMedia, a multi-disciplinary studio that creates some of the world’s most innovative content led by co-founder Frank Scherma, will oversee content production.

AlphaNetworks is a multinational endeavor backed by prominent advisors including Liam Robertson (Alphabit Fund), David Moss (TrueBlock, Block.One), John Maatta (The CW Television Network, Warner Bros. Entertainment), Jack Giarraputo (Happy Madison Productions), and Jay Samit (Deloitte, EMI, Sony, SeaChange). Subscribe to our newsletter on our website and join the conversation on Telegram at https://t.me/AlphaNetworksTV.

Media Contact:
Leah Taylor for AlphaNetworks
leah@transform.pr or 646-369-2127

This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest. AlphaNetworks tokens and virtual currencies, in general, are not legal tender, in any country, and are not backed by any government as legal tender, nor should they be treated as such.

This announcement does not constitute a prospectus of any sort. It is not a solicitation for investment and does not in any way pertain to an offering of securities in either Korea, Singapore or the United States, and Singaporean and United States residents are expressly excluded from contributing in exchange for any AlphaNetworks tokens in the public contribution period, unless otherwise expressly noted. This release constitutes a description of AlphaNetworks and the functionality of AlphaNetworks tokens. It is for informational purposes only and may change as the technology develops over time.

Note: AlphaNetworks did not issue this press release through our service. We are simply sharing it on our website since it was distributed by a top-tier newswire service and relates to blockchain.

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