Blockstack raises $25 million for decentralized internet fund

shippable.ls

newbie

Activity: 12

Merit: 0

This isn't really comparable to an ICO since Blockstack haven't raised anything.

The money's not being used by Blockstack and they aren't or controlling it. So have they raised anything? They've got a group of VC's together to say they would invest in interesting Blockchain projects. That's every tech VC out there isn't? Huh

Still, Blockstack is a great application and I think they will be a success

jnow

full member

Activity: 154

Merit: 100

Quote from: BitcoinArsenal on August 16, 2017, 11:07:09 AM

Today, New York-based Blockstack is launching a $25 million venture capital fund aimed at jumpstarting a new, decentralized version of the internet. But more notable than the money, is who's allocating it. Unlike the many ICOs that are raising funds through retail investors, the Blockstack Signature Fund will only distribute money from active venture capitalists.
As such, Blockstack co-founder Muneeb Ali positioned the fund as a way to bring together decentralized app builders and the venture capital community.

If that's the case, they can just go fuck themselves.

headachy

member

Activity: 112

Merit: 10

Why should Blockstack be better than Shift?
A friend of mine told me about Blockstack and he sounded impressed.

BitcoinArsenal

hero member

Activity: 924

Merit: 556

Today, New York-based Blockstack is launching a $25 million venture capital fund aimed at jumpstarting a new, decentralized version of the internet. But more notable than the money, is who's allocating it. Unlike the many ICOs that are raising funds through retail investors, the Blockstack Signature Fund will only distribute money from active venture capitalists.
As such, Blockstack co-founder Muneeb Ali positioned the fund as a way to bring together decentralized app builders and the venture capital community.

Topic: Blockstack raises $25 million for decentralized internet fund (Read 403 times)