Crypto Social Network Yours.org Raises $1.5M USD in Series Abr>
Crypto-focused social network Yours.org has raised $1.5 million in Series A funding round led by Bitmain and nChain.
The new capital will be used to recruit more engineers and growth experts. It will also aid the company in their mission to educate the masses about cryptocurrency.
Yours.org is based on Bitcoin Cash (BCH), the fork of bitcoin designed to scale to a global audience. It claims to be the first consumer app to integrate a non-custodial bitcoin wallet with a social content app.
Yours.org aims to make it easy to earn Bitcoin Cash for good content. Elements of news blogs and social networks such as Steemit have been harnessed to create a clean and minimalist portal for sharing Internet humor, fiction, art, and cryptocurrency news.
“Yours.org has the potential to bring Bitcoin Cash to everyone in the world,” said Ryan X. Charles, CEO of Yours.org. “Because we have focused on making Bitcoin Cash so easy to use, even the most casual users are able to send and receive Bitcoin Cash. Anyone, anywhere can start earning money for the things they love to do. The potential to change the way social media works and to improve the quality of content on the Internet is enormous.”
“Through our new investment entity, nChain Reaction, we will financially support companies with great products and applications using BCH as peer-to-peer electronic cash, and provide further benefits from nChain’s research and intellectual property, said nChain Group CEO Jimmy Nguyen. “Having been impressed from day one with Yours.org’s co-founders Ryan X. Charles and Clemens Ley, we are thrilled that Yours.org is nChain Reaction’s first investment, and also honored that we can join Bitmain in supporting these visionary entrepreneurs. This is the first of many sparks to ignite a chain reaction for global Bitcoin Cash adoption.”