Pioneering Twitter investor Naval Ravikant has announced that he plans to sponsor a prize that is similar to the prestigious XPRIZE in his bid to create a Blockchain-based alternative to the globally famous social media platform. Under the plan of the co-founder of AngelList, the proposed Twitter version will have no central authority and the users will be able to monetize their contributions. Ravikant’s sponsorship is being made available as part of a program that will offer financial assistance to entrepreneurs who want to create Blockchain applications on the platform established by New York-based Blockchain startup company Blockstack.According to Ravikant, he has donated a small amount to Blockstack’s initiative: "I am indeed helping the Blockstack team and will be donating a small prize for a decentralized microblogging service."Moreover, Blockstack has also launched its $25 mln venture capital fund called Blockstack Signature Fund, to jumpstart the development of a decentralized version of the Internet. The fund will only distribute money from active venture capitalists.
The author of the article Joshua Althauser https://cointelegraph.com/authors/joshua_althauser
Read more https://cointelegraph.com/news/twitter-investor-helps-develop-blockchain-based-social-media-platform
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Ravikant will success in famous social media platform by blockchain
good one :)