FundingGlobal Standards

Synereo Completes Funding Campaign

Synereo, the company developing a decentralized tech stack to allow web applications to exist without centralized servers, concluded a successful funding campaign last week, raising more than $4.7 million USD, selling both equity and AMPs – the platform’s native cryptocurrency.

Synereo initially started with an attempt to create a decentralized social network, but after spending years developing a decentralized social media solution on the basis of existing blockchain technologies, the company recently announced that it had widened its operations in order to develop its own blockchain enabled decentralized computation platform, capable of running all forms of decentralized applications, with the company’s social network being one such application.

 

READ MORE OF THE ARTICLE AT CHAIN-FINANCE.COM

Based near Windsor, England, Matthew Warner is an enthusiast for innovative, cutting edge technologies. He is a B.Eng. graduate in engineering with honors from the University of Warwick and also holds an PGCE in education degree. Matthew is a member of Mensa.
Free AllCoinsNews Email Updates
Get the latest cryptotoken market news and blockchain developments!
We respect your privacy.