Twitter CEO Backs Crypto Startup
Crypto startup CoinList attracted an unnamed amount from Twitter CEO Jack Dorsey, the Wall Street Journal report.
CoinList provides a platform for projects interested in conducting token sales and airdrops. The company was founded in 2017 and raised $10 million in new funding round, with the Twitter CEO investing for the first time.
In the past, these kinds of solutions have been used by projects such as Nervos, Algorand, TrustToken, Blockstack, and Filecoin. According to the company’s own statement, its infrastructure helped raise over $500 million through more than 50 token sales.
“Crypto needs a trustworthy platform for launching new projects. CoinList leads the industry in that role, and trading is a logical next step,” said Dorsey.
Dorsey is a well-known supporter of Bitcoin and contributes to its development through the Square company he founded. He recently stated that Twitter will not join the Libra Association, even if it receives such an invitation, as it does not share the project’s values.
Author: Marko Vidrih