Bitmark Secures $3 Million in Funding to Revolutionize Digital Property Rights

A Major Investment for a Game-Changing Concept

Blockchain technology isn’t just for cryptos anymore, folks! Bitmark, a trailblazer in the digital property rights arena, has successfully rounded up $3 million in funding, led by none other than the Taiwanese tech giant HTC. This freshly minted cash, as announced in a September press release, is primarily aimed at ramping up Bitmark’s sales and marketing strategies. Talk about turning digital assets into dollars!

Who’s Putting Their Money Where Their Mouth Is?

In this exciting Series A funding round, Bitmark attracted several heavyweights. Besides HTC, Chinese e-commerce titan Alibaba strutted into the room alongside investors like WI Harper and Digital Currency Group. The kind of company that invests in you can say a lot about your potential!

Phil Chen: A Visionary with Blockchain Brilliance

Phil Chen, HTC’s decentralized chief officer, is at the forefront of this blockchain movement. He believes that empowering global users through blockchain is a strategy worth pursuing. As he put it:

“Bitmark’s system for digital property rights greatly expands the promise of blockchain technology by assigning unique ownership for digital assets of all types. It’s an important step in growing the blockchain ecosystem and we look forward to their growth and success.”

Bitmark’s Winning Streak

Bitmark isn’t just all talk and no walk. They’ve partnered with prominent players like KKBOX, Asia’s audio streaming powerhouse, to put their Bitmark Property System to work. This system helps record rights for digitally streamed music, making the music world a tad bit fairer. Other academic and corporate giants, including the University of California, Berkeley, tech buff H2, and the pharmaceutical colossus Pfizer, are also hopping on the Bitmark train. Not too shabby!

HTC: Getting Crypto-Friendly

In the same breath, HTC is preparing to launch a budget-friendly version of their Bitcoin-ready smartphone, the Exodus 1S, expected to drop late in Q3 2019. This smartphone is being dubbed a pioneer, featuring full node capabilities—yes, folks, your phone can now do more than just call Grandma! Plus, following the May announcement, HTC has initiated in-wallet crypto trading for users who got their hands on the original Exodus 1.

What’s Next for Bitmark?

With such robust investment and groundbreaking technology, the future looks bright for Bitmark. Players in the blockchain industry are watching closely, as the company gears up to seize opportunities and expand its role in the digital asset ecosystem. Who knows, we might soon see a world where our digital belongings are just as recognized as our physical ones!