Current (platform)

Current

Industry| Streaming
Founded| 2016
Founders| Dan Novaes, Nick McEvily, and Kiran Panesar
Website| current.us

Current is an American media platform.[1]

## History

The company was founded by CEO Dan Novaes,[2][3] Nick McEvily, and Kiran Panesar in 2016.

## Platform

On the Current platform users receive digital tokens called CRNC, which can be exchanged for goods or services on the Current platform, which uses the Ethereum blockchain. According to Novaes, this decentralizes the monetization of data from large corporations to the individuals from which the data is coming from.[4] It has partnered with Spotify and Apple Music.[5]

## References

1. ↑ MICHAEL HEIDEMANN (August 1, 2019). "This Crypto Company Wants To Reward You For Listening To Music". WGN Radio. https://wgnradio.com/2019/08/01/this-crypto-company-wants-to-reward-you-for-listening-to-music/.
2. ↑ Belvedere, Matthew J. (17 January 2018). "Day traders tempted by bitcoin's recent plunge are going to 'get slaughtered,' says blockchain entrepreneur". https://www.cnbc.com/2018/01/17/newbie-bitcoin-day-traders-are-going-to-get-slaughtered-says-blockchain-entrepreneur.html.
3. ↑ "We now know who was behind the $1 million bet that bitcoin will soar to $50,000". https://www.businessinsider.com/blocktower-capital-behind-1-million-bet-bitcoin-could-soar-to-50000-2017-12.
4. ↑ "Terms of Service Violation". https://www.bloomberg.com/news/articles/2018-04-10/youtube-and-facebook-are-losing-creators-to-blockchain-powered-rivals.
5. ↑ Gillian Brassil (September 8, 2018). "How a new class of startups are using blockchain to tackle some of the Internet’s biggest challenges". CNBC. https://www.cnbc.com/2018/09/08/media-meets-crypto-how-blockchain-based-media-is-compensating-users.html.

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