03.06.2020
Alex Kondratyuk
JournalisticNew York-based blockchain startup Civil has announced its closure after four years of operation. This was reported on the project website.
According to Civil CEO Matthew Illes, the company was creating an innovative product, but later it turned out that "the project could not support itself on its own."
The startup's goal was to build a “self-driving marketplace” for journalism using distributed ledger technology.
In 2017, Civil raised $ 5 million fromEthereum studio ConsenSys. Then the startup failed trying to raise funds through ICOs. Civil has also tried unsuccessfully to establish partnerships with The New York Times, The Washington Post and the Dow Jones.
According to the website, Civil will continue to work on Ethereum-based digital identity software, led by ConsenSys.
Recall that ConsenSys recently invested in a DeFi startup Atomic Loans, which is developing a crypto-lending protocol for bitcoin.
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