Coinbase acquires another promising startup
Not so long ago, there were multiple reports and announcements that Coinbase decided to acquire very promising and rapidly developing project called, Cipher Browser. They wanted to combine it and use its technology with their own new project called Toshi, which is a decentralized mobile browser and wallet.
Currently, a new statement released few days ago, confirmed that Coinbase, as well as couple of other interested investors were in talks with one of best-funded startups Earn.com, which was formerly known as 21 Inc.
The project used to ran a bitcoin mining operations. They started with Intel technology, however later launched their own 21 Bitcoin Computer. Major Silicon Valley investors decided to help funding the project, as they were looking for more technological developments, as well as huge potential profits. All in all, the company managed to raise 116 million dollars.
The project decided to go through a total makeover and rebranded into what is known now Earn.com. It is a platform, which allows everyone to earn bitcoin by working on small tasks, like for example replying to emails or answering questions and surveys. Moreover, Crypto startups use Earn.com to build their communities, get feedback on whitepapers, and airdrop tokens to qualified recipients. They can for example reward users for reading or learning about their project.
Balaji Srinivasan, who is a co-founder and CEO of Earn.com, will now become Coinbase's first chief technology officer. The project won't be rebranding of changing its format drastically for now, and they want to keep on developing. Coinbase money and resources will undoubtedly help them. Here is what they said about it:
"Earn has built a paid email product that is arguably one of the earliest practical blockchain applications to achieve meaningful traction. We will keep Earn's business running because it's showing a lot of promise and potential."
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