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Blockstack announces $25 million fund to rebuild the internet for a blockchain world

Image Credit: Pushish Images / Shutterstock  

Blockchain startup Blockstack is out to build a decentralized version of the internet, where users own their own data and apps live locally on your device. The idea is to free users from security breaches, platform lock-in, and a loss of control over their data.

Its challenge now is to get a whole host of developers to build apps for its platform. And so today the company announced a $25 million “Signature Fund”to build out that app ecosystem. Investors in the fund include VC firms Lux CapitalRising TideCompoundOpenOcean, and VersionOne.

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