Bitcoin Social Network ZapChain Raises $350k
Bitcoin-powered social media platform ZapChain has raised $350,000 in seed funding and is launching a new digital goods initiative in partnership with Coinbase today. The money was raised from venture capitalist and Draper Fisher Jurvetson (DFJ) partner Tim Draper, Boost VC founder and CEO Adam Draper and the Boost Bitcoin Fund. According to ZapChain chief operating officer Dan Cawrey, the funds are being used to expand its ranks of content creators and digital community members. "I invested in ZapChain because the company is giving bitcoin one of its highest and best uses," Tim Draper....
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Bitcoin-centric social network ZapChain is once again enabling micropayments with the launch of a new in-house tipping mechanism. The announcement finds ZapChain furthering its attempts to experiment with content monetization, following Coinbase's decision to end its tipping service in February. Company CEO Matt Schlicht asserted the move toward micropayments was inspired by the lack of available venues for consumers to have introductory experiences with bitcoin, while ZapChain investor and Boost VC CEO Adam Draper spoke to the big picture behind the company's vision for content....
Zapchain becomes the latest Bitcoin-based startup to close its doors. ZapChain, the Bitcoin-based content sharing and tipping platform is soon going to shut down. The Reddit like social media platform focused on Bitcoin and cryptocurrency technology has announced its impending demise on its user’s timelines. The notification on states, “ZapChain will be shutting down on, or shortly after August 31, 2016.Please withdraw your balance.” Founded by Adam McKenna and Matt Schlicht, the platform became popular with the Bitcoin community after it offered an efficient way to monetize the content.....
Recently, I was introduced to a new social network for the Bitcoin community called ZapChain. Started by Matt Schlicht, ZapChain is a community platform where the bitcoin obsessed can congregate to answer questions and discuss ideas for bitcoiners and non-bitcoiners alike. The Bitcoin Magazine team put forward a question and to our very pleasant surprise, we received 44 answers, proving that the ZapChain community is energetic, responsive and engaged. Our question was:"What is the biggest advancement bitcoin has experienced in the last 6 months? How does this event change the future of....
The power of Bitcoin tipping can no longer be denied. The Zapchain model of microtipping is growing. According to founder Matt Schlicht, some Zapchain communities are getting over 100,000 visits per month. Zapchain’s tipping mechanism has created a market for quality communities. By rewarding users with something valuable — bitcoin — it’s easy to see....
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.....