Sia Network Raises $3.5 Million From Bain Capital to Become Crypto Hulu

Blockchain startups may be slowly recovering from the 2018 slump.Boston-based Nebulous, makers of the Sia network for decentralized data storage, recently closed a $3.5 million pre–Series A round led by Bain Capital Ventures, along with participants like Bessemer Venture Partners and Dragonfly Capital Partners.Salil Deshpande of Bain Capital told CoinDesk that distributed, permissionless storage options are the cornerstone of decentralized apps (dapps) and that Nebulous is the only investable startup with a live solution that lacks glaring technical issues.“If [dapps] use centralized storage, then they are not decentralized any more,” Deshpande said. “In the future, centralized apps will also be able to use decentralized storage.” [...]Full article here:https://www.coindesk.com/sia-network-raises-3-5-million-from-bain-capital-to-become-crypto-hulu?utm_source=facebook&utm_medium=coindesk&utm_term=&utm_content=&utm_campaign=Organic%20​Edit: here you can find the official announcement https://ift.tt/2Le23jZ

Submitted July 10, 2019 at 08:08PM

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