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Minds, Inc., a crypto social network, has raised US$6 million in a Series A investment from Medici Ventures, the wholly-owned blockchain subsidiary of Overstock.com. Overstock.com’s founder and CEO Patrick Byrne has joined Minds’ board of directors. Founded in 2011, Minds is an open-source, community-owned social networking platform that rewards users...
A team of former executives from SoftBank Ventures Korea, Line and Baidu have joined hands to revamp the social network industry. Using blockchain technology, the group is developing the TTC Protocol, a decentralized social networking protocol that rewards users for generating, distributing and interacting with other users and their...
A newly founded startup called Narrative is using cryptocurrency and blockchain technology to build a social media platform that rewards creators, moderators and influencers who contribute to the platform, "putting revenue in users' pocket, not Mark Zuckerberg's." Narrative uses blockchain technology as the basis for its content currency, the NRV...
investFeed, a social investment network for digital currency traders and enthusiasts, has released the first version of its new platform; a combination of "Facebook, cryptocurrency and the Bloomberg Terminal," according to CEO Ronald Chernesky. The New York-based startup, which launched in 2014, said the social network aims to integrate cryptocurrencies...
Steemit, a new blockchain-based social media platform that lets users get paid for creating and curating content, has gone live with beta release. The company, founded by Ned Scott and Dan Larimer earlier this year, aims at supporting social media and online communities by rewarding users with cryptocurrency, incentivizing thus...