(Via AllHipHop News) Entertainment moguls Jay-Z and Will Smith are among a group of investors who are backing a new video sharing application, Viddy.
Viddy is an app for the iPhone which allows users to create small videos and share them with friends, much like how Instagram works with photos.
So far, the Viddy app is a hit, with over 10 million registered users and 300,000 new members per-day.
Yesterday, the company announced that Will Smith’s Overbrook Entertainment, Jay-Z’s Roc Nation, Shakira and Twitter founder Biz Stone are among the new investors in the company. --Roman Wolfe