As of today, 21st of June 2021, the NIM Group has taken the first step in launching our solutions in the USA. NIM USA Llc and Copyright Flow Llc is incorporated.
New Internet Media USA Llc
- 1 000 000 Shares
- Ticket NIMUSA
- Incorporated on 21/06/2021 at 09:06 UTC
30% of the shares are committed to copyright owners and partners in the USA.
Copyright Flow Llc
- 100 000 Shares
- Ticket FLOW
- Incorporated on 21/06/2021 at 08:26 UTC
- Primary business — brokerage of CopyrightShares
- Secondary — NFT administration and brokerage
30% of the shares are committed to finTech and Crypto partners in the USA.
Both companies are presently 100% owned by NIM Holding and will follow the New Internet Media group’s strategy and principles NIM are operating under in Europe.
Both companies have the business address:
30 N. Gould St Ste R, Sheridan, 82801 Wyoming
Both companies have a fully paid initial Capital Contribution, and articles of association/operating agreements are available under NDA.
As re-branding New Internet Media group and CopyrightCoins® will go forth this summer, the opportunity to get a broader profile launch was a clear and present advantage.
Strategy and growth!
CopyrightCoins® will continue as NIMs consumer-facing proposition also in the USA. CopyrightCoins® has a clear potential to become the world’s currency for content and will be used as the primary means of payment for creators and end-users alike.
As some of our potential Copyright investors are based in the USA, it was a prerequisite to set up Copyright Flow. The business of trading in CopyrightShares is conducted under the laws of Wyoming, where a DAO is organized as a corporation or LLC. This March, Wyoming passed senate bill SF0038* which provides for additional protections similar to those offered to members of limited liability companies for members of a DAO.
Wyoming’s bill expressly recognizes the smart contract as the primary document governing the rights of DAO members when organized under the new bill. Wyoming’s governor signed the bill into law on April 21, and the bill becomes effective as of July 1, 2021.
Some call Wyoming the cowboy state.
I would prefer the term pioneer state of which I am now proud to say that NIM is a significant part. It is all about the future vision of decentralized digital administration of content, starting with music.
*Wyoming Decentralized Autonomous Organization Supplement, SF0038, 66th Leg., Gen. Sess. (2021).
New Internet Media Group USA
New Internet Media group primary function is to get content ingested into the ecosystem. Setting up NIM USA first was a natural choice when setting up Copyright Flow.