Locals Technology, the company behind the alternative, creator-centric multimedia platform Locals secured a $3.8 million seed investment round led by Craft Ventures.
The platform was founded in 2019, amid growing discontent in the ranks of independent creators who publish and monetize their content on giant social networks like YouTube. Locals aims to give creators both more control and more revenue, and a platform where they are free from demonetization, canceling, and shadow banning.
Locals promises creators three times more revenue as they publish content in their communities, where their subscribers can also share their content, while this social network makes money by taking a 10 percent cut.
The list of new investors includes former Congresswoman and presidential candidate Tulsi Gabbard, a maverick Democrat who has in the past criticized and even sued Google, accusing the behemoth of infringing on her free speech by suspending her account during her campaign.
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