The startup Civil, which aimed to create a decentralized platform for media funding and publishing materials, announced its closure after four years of operation.
Civil CEO Matthew Iles stressed that the startup was one of the first in the world to experiment with blockchain and cryptocurrencies in the field of social media. All news channels on the platform were managed independently, and the blockchain code was publicly available.
According to the CEO of Civil, although the startup’s path is over, the development team will continue to work as part of ConsenSys and continue to develop the latest technologies.
Note that earlier, major publications Associated Press and Forbes spoke about plans to place their content on the Civil platform.