Announcement — Mithril and M17 Entertainment will Co-own Lit
Mithri and M17 Entertainment will co-own the leading social mining platform— Lit.
M17 Entertainment will work with Mithril to build Lit into the top short video social platform globally, leveraging the content creation power of M17 Entertainment’s subsidiary, 17 Media and its 10,000+ top influencers and talents.
Lit is a leading social mining platform developed by Mithril. Content creators can post and share their daily lives, and mine Mithril Tokens as reward, while users can mine Mithril Tokens by interacting with the content created. Lit is built around Mithril’s core concept of “social mining”.
M17 Entertainment believes social content creation, sharing and consumption is a behavior that permeates our society and that with social mining as its foundation, Lit will be the first cryptocurrency contact point for the masses.
17 Media was established in 2015, targeted at similar social sharing economics, via photos, video and video livestreaming. As of today, there are more than 33 million registered users on 17 Media’s platform, with over 200,000 hours of live interactive premium user generated content (“PUGC”) produced monthly, and multi-touch, cross-platform, interactive video content, developed by the company for consumption, on both mobile and TV channels — 17 Media is the leading live content generation company in Developed Asia.
M17 Entertainment has strong experience in the development and operations of social media products and through its success with 17 Media, it is seen as a leader in the operations of social sharing economies — Lit’s social mining business model is thus familiar to the company. The company will work alongside Mithril to invest into product development of, and content creation on, Lit. Lit’s current social mining behaviors will also be further optimized, and additional Mithril Token mining features will be introduced. Lit will also roll out new content creation formats including short video music synchronization posts, and short form text based posts.
About Lit beta app
The Lit beta app was officially launched in March, 2018. In just 3 months, the app has seen more than 100,000 downloads. Lit is Mithril’s strategic partner in social mining — 17 Media and Mithril will jointly operate and manage the Lit app.
For more details please visit https://lit.live/#/
About Mithril Token
In 2017, Mithril established the cryptocurrency “Mithril Token”, which in under a year has become a leading social cryptocurrency globally. Mithril Token is listed on the top global and domestic cryptoexchanges, and has multiple strategic business partners across sectors, working to build the world’s top social crypto network.
For more details please visit https://mith.io/
Learn more: https://m17.asia/en/media/136/20180724
M17 Entertainment 集團與秘銀科技(Mithril) 宣佈共同經營 社交挖礦平台 — Lit
M17 Entertainment 宣佈將與秘銀科技共同經營社交挖礦平台Lit，也將陸續為17 Media平台10,000位實況藝人增設Lit個人頁面，把Lit打造為台灣最佳短影音平台。
M17 Entertainment 深信社交是使用者在真實生活中必要的日常，如旗下產品 17 Media 自2015年上架初期，以直播、照片分享、撰寫部落格為主要共享經濟模式，2018年Q1全球註冊數已達3,300萬人，每月製作超過20萬小時PUGC內容，更推出嶄新PGC「多觸點跨螢」即時互動內容，儼然成為發達亞洲即時互動媒體龍頭，為此，M17 Entertainment 也相信主打社交挖礦的Lit將成為大眾首次接觸加密貨幣的第一步。
M17 Entertainment擁有領先社群平台的開發技術以及深厚的共享經濟運作經驗，對於Lit社交挖礦的商業模式而言是個熟悉的挑戰，集團預計投入資金、產品開發團隊加以深耕，以過去成功打造17 Media 的豐富經驗優化Lit 既有社交和挖礦模式，更計畫將音樂類型的短影音、社交網路、貼文分享注入挖礦功能。
《關於Lit beta APP》
Lit beta APP今年3 月正式推出，短短三個月即創造破十萬的下載數，成績亮眼。更是秘銀推廣社交挖礦理念的戰略型合作夥伴，17 Media將與秘銀科技攜手合作，共同經營Lit平台，深化放大社交挖礦潛能，同時持續優化挖礦模式及功能。