What is Press Blockchain & Press News?
We’re thrilled to have secured a $5 M funding round to supercharge Press Blockchain, the world’s first on-chain newsroom that rewards accuracy, empowers contributors, and brings total transparency to media.
Problem
Users rely on traditional centralized media platforms plagued by lack of transparency in editorial processes, misaligned incentives prioritizing clicks over accuracy, and limited rewards for contributors.
Solution
A blockchain-based decentralized news platform where users can publish, verify, and earn tokenized rewards for accurate reporting while maintaining full transparency via on-chain editorial decisions and immutable record-keeping.
Customers
Independent journalists, fact-checkers, crypto-native media startups, and blockchain advocates seeking alternatives to corporate-controlled news ecosystems.
Unique Features
On-chain reputation scoring for journalists, community governance through token voting, automated fact-checking rewards via smart contracts, and permanent attribution for contributors via NFT bylines.
User Comments
First credible attempt to align journalism with Web3 values
Finally getting paid fairly for investigative work
Game-changer for rebuilding trust in media
Still needs more mainstream-friendly UX
Potential to redefine libel laws through immutable reporting
Traction
$5M seed funding from Web3 VCs
400+ journalists onboarded during beta
First major integration with Polygon blockchain confirmed
Market Size
The global market for blockchain in media & entertainment is projected to reach $18.8 billion by 2027 (MarketsandMarkets, 2023), driven by demand for content authenticity solutions.
