Social network on the blockchain Minds announced the receipt of $6 million in funding of Series A. the Round was led by the famous fan of bitcoin and Overstock CEO Patrick Byrne and his venture capital firm Ventures Medici.

As the message reads Minds, Patrick Byrne also joined the Board of Directors of the platform.

“We believe that promoting blockchain technology, we can make people around the world closer to each other. Eliminating the need to trust the institutions that stand between us, the blockchain gives humanity a chance to unite and to replace fear, suspicion and fraud trust and free communication between people”, — said the representatives of the Medici Ventures.

The funds received, the company intends to direct on expansion of team with new experts in the field of programming and marketing, as well as to further support open source community

Minds has positioned itself as a decentralized social network for people seeking freedom in the Internet. For content creation users have the ability to earn tokens internal Minds, which you can then use to promote their own materials or remuneration to authors of other channels.

In June 2017 the platform in just 19 days fundraising on Wefunder campaign has attracted more than $1 million.

We will remind, in September, Patrick Byrne sold 10% of its stake in Overstock and to gain for them about $20 million, announced plans to invest these funds in a variety of blockchain projects. One of them is Israeli startup VinX, who specializiruetsya on supply chain management for wine, as well as developing a platform for trading futures on this drink.

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