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