So there's a new web browser in the works, apparently. And it raised $35 MILLION in funding - in 30 seconds.
How? Apparently, through its ICO, aka "Initial Coin Offerings" (think IPO for cryptocurrencies).
Named "Brave", it's pitch to consumers is "faster loading times, tighter privacy controls and even the potential to earn money simply by reading content.
More immediately, it said it will use the proceeds of this ICO to develop its advertising platform."
Spearheaded by former Mozilla CEO Brendan Eich, this just demonstrates once again how technology is shifting and shaping
the way business is conducted in the world we currently live in.
Personally, I'm a huge fan of this idea - the whole "ICO" ordeal, that is.
Create your own coin/cryptocurrency, and then use them to raise startup funds. I think it's fucking ingenious.
I'm sure Wallstreet and the VC hedge funds aren't too happy, but f*ck 'em. I'm all for a little crypto anarchy ;)
What do you guys think?
Original source: https://techcrunch.com/2017/06/01/brave-ico-35-million-30-seconds-brendan-eich/