An official press release published on Jan. 14 announced the collaboration over an open-source publishing platform for news companies. iWth this investment, ConsenSys has joined leading industry organizations such as Google News, The Lenfest Institute for Journalism and The John S. and James L. Knight Foundation.
Civil, will enable any interested newsroom to join its community-owned journalism network and archive their content on decentralized storage systems. Backed by ConsenSys Civil Media claims to deploy cryptocurrency to save journalism. The company managed to raise $1.4 million in an initial coin offering (ICO) out of a targeted $8 million, in October 2018. Since their goal was not met, Civil refunded the money and plans to relaunch in February 2019
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