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.

 

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