Copyright enforcement service Pixsy has agreed to buy Binded, the US-based developer of a blockchain-equipped image protection platform, for an undisclosed amount, providing an exit for media company Asahi Shimbun.
Founded in 2017 and originally known as Blockai, Binded has grown to more than 15,000 members since launching its blockchain-based image rights registration platform in 2017.
The service includes features such as international copyright registration, legal support and compensation recovery.
Binded’s platform will shut down at the end of this month and its offering will be integrated into Pixsy, which will maintain copyright registrations already made by Binded’s users.
The startup had attracted a total of $1.5m in funding, including $950,000 from Asahi Shimbun in mid-2017. Its earlier financing was supplied by Mistletoe, Vectr Ventures, M&Y Growth Partners, Tokyo Founders Fund and Social Starts.
