The billionaire Mike Novagratz' cryptocurrency bank, Galaxy Digital (GD), announced its first major investment. The Everipedia project, a decentralized branch of Wikipedia, attracted $ 30 million through the sale of shares to the GD-EOS.io Ecosystem Fund, reports Coindesk.
According to the publication, only strategic investors could take part in the round of financing. Everipedia plans to spend attracted funds on the launch of its own P2P-network.
Note that the post of Director of Information in Everipedia currently holds the co-founder of Wikipedia, Larry Sanger. Last year, the project announced plans to move the entire infrastructure to the EOS.io blockchain.
The company intends to create a censorship-protected system based on smart contracts. In addition, on the platform, crypto-currency tokens will be issued to encourage volunteers.
In the era of fake news and a general distrust in central entities like governments, corporations and the media the world stands to benefit enormously from a decentralized and uncensorable knowledge base.
Previously a billionaire and head of Galaxy Investment Partners Mike Novogratz successfully collected the necessary amount of investment to launch Galaxy Digital - a crypto-currency trading bank, whose shares will be quoted on the Canadian stock exchange TSX Venture Exchange.