@seanwbren
From a first pass on research, I don't get why they couldn't build it on Eth / L2s.
One thread from the CEO had an answer the that the "amount of connections between IPs" grow as n^2 exponentially. and so they made a limit of 2 owners per IP, and then needed an L1 to scale.
Which seems BS because they're mainly doing streams and splits for timestamped content (right?), which Sablier/Superfluid and 0xsplits / Reveel do.
But props for the hell of a raise, it's good if web2 content creators on the level of Disney start to try this alternative path to secure/remixable IP