NGC Ventures Announces Investment in Vid, the Disruptive Social Platform
Aug 16, 2019, 4:19AMNGC Ventures has announced a strategic investment in Vid, a video-centric social media app that allows users to control their data
NGC Ventures, one of the world’s leading institutional investment firms, has announced a strategic investment in Vid, a video-centric social media app that allows users to control their data and monetize their memories.
Established in January 2017, Vid uses AI and blockchain technology to enable its users to create video content that is privacy protected while allowing users to monetize their content and retain 100 percent of advertising revenue. Over the past twelve months, Vid has secured a significant number of globally-recognized influencers to sign onto its social media platform, which has an aggregate reach of over 350 million followers. To date, Vid has raised over $20 million USD.
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