Civil, the ConsenSys-backed startup that aimed to decentralize the funding and “vetting” of journalism, is shutting down after 4 years.
The corporate constructed an revolutionary product, CEO Matthew Illes wrote in a weblog publish saying the top of the corporate. “However in the end, we didn’t maintain ourselves independently.”
The startup’s aim was to create a “self-governing market” for journalism utilizing a blockchain.
In 2017 Civil raised $5M from ConsenSys. The agency had some preliminary traction, signing up name-brand media corporations like The Related Press and Forbes. However then it had a pair of failed ICOs, and by no means appeared to regain its footing.
The Civil group will fold into ConsenSys to proceed its improvement of decentralized identification software program for Ethereum.
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