Multicoin, Coinbase Ventures Invest $1.5 Million in ‘Decentralized Flickr’

Multicoin, Coinbase Ventures Invest $1.5 Million in ‘Decentralized Flickr’

Multicoin, Coinbase Ventures, BlueYard Capital and Collaborative Fund are backing a new protocol to help developers more smoothly interact with decentralized file storage. The investment takes the form of a $1.5 million seed round in data startup Textile. Launching on the surface as a decentralized answer to Flickr, Textile has a larger mission: to help users control their own data by using the Interplanetary File System (IPFS).
Napster Founder’s IoT Startup Is Adding Tokens With $15 Million Round Led by USV, Multicoin

Napster Founder’s IoT Startup Is Adding Tokens With $15 Million Round Led by USV, Multicoin

An internet-of-things (IoT) startup founded in 2013 is adding tokens to its business model with the backing of two of crypto’s best-known funders. Helium announced Wednesday a $15 million Series C co-led by Union Square Ventures and Multicoin Capital. Investors will acquire equity in Helium as well as a share of the tokens that will accrue to the company over the next several years as they are minted, after its bespoke blockchain goes live, according to a spokesperson.