projects

VC-backed token project TruStory is shutting down because of ‘unsustainable’ business model

TruStory, a token-based digital debate platform, is shutting down after raising $3 million from notable investors in 2018. In a blog post published Thursday, Preethi Kasireddy, founder of TruStory, said the platform is closing because its business model is “unsustainable.” “In order to build a sustainable business, TruStory would need millions of users who can […]
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Jan 30, 2020, 12:52PM UTC

Enterprise blockchain startup SettleMint raises $2M for global expansion

Belgium-based enterprise blockchain startup SettleMint has raised 1.9 million euros (~$2.04 million) in a new funding round. KPN Ventures and Medici Ventures participated in the round, SettleMint announced Monday. With the fresh capital in place, the firm looks to expand its solutions in EMEA (Europe, the Middle East and Africa) and APAC (Asia-Pacific) regions. The […]
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Jan 28, 2020, 10:25AM UTC

A16z-backed Dfinity demonstrates an open version of LinkedIn - ‘LinkedUp’

Decentralized cloud startup Dfinity, which raised $102 million in 2018, has showcased an open version of LinkedIn called “LinkedUp.” According to a statement shared with The Block on Thursday, LinkedUp app runs on Dfinity’s decentralized “Internet Computer,” unlike on a proprietary platform such as Amazon AWS or Google Cloud. LinkedUp is also not owned or […]
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Jan 24, 2020, 2:05PM UTC

Monero's lead maintainer ‘Fluffypony’ steps down after 5 years of heading the project

Riccardo “Fluffypony” Spagni, the lead maintainer of privacy-oriented cryptocurrency monero (XMR), has stepped down. Fluffypony led the monero project since its launch in 2014 and will now continue as a backup maintainer, according to an announcement Monday. Snipa, a “longtime” contributor to Monero, is taking over Fluffypony’s role. It is not clear why Fluffypony has […]
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Dec 18, 2019, 6:55AM UTC

Singapore government-backed accelerator raises another $16M for blockchain startups

Tribe Accelerator, backed by government agency Enterprise Singapore, has raised another 21.5 million Singapore dollars (~$16 million) for participating blockchain startups. The funds are for Tribe’s second batch of nine startups from around the world, who are building solutions to solve “real-world problems” with blockchain technology, according to an announcement shared with The Block on […]
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Dec 2, 2019, 6:30PM UTC