Anearly investor in Twitter is looking for to fund a blockchain option to the popular social networks platform.
Inbrand-new remarks to CoinDesk, NavalRavikant, the co-founder of An gelList, exposed he will sponsor a reward concentrated on the effort as part of an effort that will offer monetary help to business owners looking for to construct blockchain applications on the Blockstack platform.
Announced today, the New York- based start-up, where Ravikant is an investor, launchedthe Blockstack SignatureFund Raising $25million, the cash will be granted in competitors designed off the prominent XPRIZE, developed in 1995 to benefit innovators who deal with a few of the world’s biggest issues.
Whileinformation about the reward stay sporadic, Ravikant informed CoinDesk:
“I am indeed helping the Blockstack team and will be donating a small prize for a decentralized microblogging service.”
Longthought by blockchain home builders, the Twitter- look-alike would utilize a blockchain so as to function without a main authority, while permitting users to generate income from the material they produce.
Disclaimer: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Blockstack.
Imageof Naval Ravikant by means of CoinDesk press images