Join Our Mailing List
Tuesday March 21, 2023
Bitcoin (BTC) $28,037.51   Ethereum (ETH) $1,752.97
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Blockchain Technology

ConsenSys puts $5 million into Civil’s blockchain newsmaking platform

Published by CryptoNinjas.net
10/26/2017
ConsenSys puts $5 million into Civil’s blockchain newsmaking platform

Civil, a decentralized newsmaking platform has announced $5 million in funding from ConsenSys, a leading global blockchain venture studio. ConsenSys is committing $2.5 million in capital and $2.5 million in services in support of Civil’s newsmaking platform that enables a direct relationship between journalists and readers.

In Civil’s self-governing marketplace, readers may directly sponsor newsrooms, and journalists collaboratively run their own publications. Readers may subscribe to Civil-hosted publications, and will use Civil’s cryptocurrency or “CVL” tokens to sponsor individual journalists, investigations and stories, creating a new collaborative model for the gathering and dissemination of news. Civil’s independent journalism advisory board will govern the platform overall, in order to ensure that fair, objective, professional standards are met throughout the network.

The blockchain-based platform and its smart contracts will protect journalists against censorship and intellectual property disputes while fostering transparency across the network. Meanwhile, properly incentivized collaborative editing and fact-checking will substantially limit misinformation.

Civil founder Matthew Iles said:

“By providing the economic incentives and governance structures for newsmakers – writers, editors, photographers, fact-checkers – to self-organize, Civil offers a new business model for journalism. Our goal is to create a self-sustaining global marketplace for journalism that is free from advertising, fake news, and outside influence.”

Initially the platform will focus on local, policy and investigative reporting. Civil has dedicated one million dollars to fund the First Fleet, a diverse group of top-tier journalists creating their own newsrooms and publications. Interested journalists can now apply on Civil’s website.

Civil’s newsmaking platform and its CVL token sale will launch simultaneously in early 2018 with live newsrooms including Popula, an alternative news and culture publication. Journalist, editor and entrepreneur Maria Bustillos, whose writing has appeared in The New Yorker, The Awl, Harper’s, the Guardian and The New York Times, will manage the Popula newsroom, joined by Sasha Frere-Jones, Ryan Bradley, Aaron Bady and other well-known journalists.

Civil is partnering with ConsenSys; the cryptoeconomics advisory team at CoinFund, led by Jake Brukhman and Alex Bulkin; and editorial strategy firm Old Town Media, led by Josh Benson, Katherine Lehr and Tom McGeveran to launch the platform, tokens and newsrooms.

Joseph Lubin, Founder of ConsenSys

Joseph Lubin, Ethereum co-founder and founder of ConsenSys stated:

“Decentralizing technologies have enormous potential to unlock new business models and reinvigorate the digital media landscape, putting power back in the hands of journalists and readers. Built on the Ethereum platform, the most advanced manifestation of blockchain technology, Civil will provide opportunities for journalists to build reputations and take home value, and for users to access trustworthy, high-quality information.”

“As a leader driving the development of the Ethereum ecosystem worldwide, ConsenSys is proud to support Civil, which is not only a natural, innovative, excellent use of the technology, but also backed up by a strong team and aligned with our mission to drive change which puts economic, social and political systems on firmer, healthier foundations.”

46
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

ConsenSys Mesh introduces new advanced NFT standard: TreeTrunk

02/17/2022
ConsenSys Mesh introduces new advanced NFT standard: TreeTrunk

Tomorrow, Ethereum co-founder Joseph Lubin’s blockchain incubator, ConsenSys Mesh will introduce its new NFT platform TreeTrunk.io at the ETH Denver developer conference. Launching in a beta release on the Polygon Network’s Mumbai testnet, TreeTrunk...

Read more

Ethereum software firm ConsenSys acquires NFT platform Treum, welcomes team onboard

10/12/2021
Ethereum software firm ConsenSys acquires NFT platform Treium, welcomes team aboard

ConsenSys, a leading Ethereum software company, today announced the acquisition of the Treum team and its NFT platform from Mesh, a Web3 incubator, for an undisclosed amount. With this acquisition, ConsenSys is welcoming a...

Read more

Infura releases public version of its Ethereum transaction relaying service

09/14/2021
Infura releases public version of its Ethereum transaction relaying service

Infura, a ConsenSys service that provides a suite of blockchain developer tools, today announced the public release of its Ethereum transaction relaying service, Infura Transactions (ITX). ITX makes sending transactions easier for the developer such...

Read more

ConsenSys expands managed blockchain service capabilities on Microsoft Azure

05/10/2021
ConsenSys expands managed blockchain service capabilities on Microsoft Azure

ConsenSys, a leading Ethereum software company, today announced its strengthening the capabilities of their blockchain solutions by collaborating with Microsoft. ConsenSys is working with Microsoft to offer an Ethereum-based managed blockchain service to their...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Trust Wallet launches anticipated browser extension of its crypto management app

Trust Wallet launches anticipated browser extension of its crypto management app

11/14/2022
Where Exactly Can You Spend Monero Cryptocurrency?

Where Exactly Can You Spend Monero Cryptocurrency?

10/20/2021
How to Become a Web3 Developer: A Guide to Web3 Jobs

How to Become a Web3 Developer: A Guide to Web3 Jobs

03/15/2023
ArcBlock releases login and authentication demo using decentralized identity

ArcBlock releases login and authentication demo using decentralized identity

03/16/2020
Nomura’s Laser Digital invests in Infinity, an Ethereum-based money market protocol

Nomura’s Laser Digital invests in Infinity, an Ethereum-based money market protocol

02/15/2023
ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

02/02/2023
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
Crypto exchange Gemini launches new electronic OTC trading solution

Crypto exchange Gemini launches new electronic OTC trading solution

01/19/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy