29 Aug '16, 4pm

Bitcoin Tipping Platform Zapchain to Shut Down - CoinDesk

Bitcoin Tipping Platform Zapchain to Shut Down - CoinDesk

Another bitcoin-based content monetization startup has announced it will shut down. Social network Zapchain , launched in 2014 as part of accelerator Boost VC 's fourth batch of startups, has told users that it will cease services effective 31st August . The announcement comes less than a year after the startup raised $350,000 in seed funding . The decision, made public on the company's website, marks the end of a project that was once one of bitcoin’s fastest-growing projects, and comes amid a decline in the number of consumer-facing startups seeking to launch services on the bitcoin network. Bitcoin tipping platform ChangeTip, for example, announced it had sold its staff to Airbnb in April , and that it was searching for a buyer of its intellectual property. No details have yet been provided on whether Zapchain will seek similar sales. Despite these challenges, however, ...

Full article: http://www.coindesk.com/bitcoin-tipping-platform-zapchain...

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QZ.com 30 Aug '16, 2pm

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