Leigh Cuen / CoinDesk:

TaTaTu, after raising $575M from royals and celebs in a private 2018 ICO for a blockchain-based Netflix-like service, now says it is not a blockchain business  —  What started as a $575 million token sale is now a rewards program for watching videos.  —  TaTaTu’s initial coin offering …

TaTaTu, after raising 5M from royals and celebs in a private 2018 ICO for a blockchain-based Netflix-like service, now says it is not a blockchain business (Leigh Cuen/CoinDesk)
Source: Tech Meme