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This article is about how Juan Benet's Protocol Labs is getting into cryptocurrencies to fund protocol development. The basic idea seems be that a new protocol
by woodandsteel 9y ago
This article is about how Juan Benet's Protocol Labs is getting into cryptocurrencies to fund protocol development. The basic idea seems be that a new protocol will have a cryptocurrency attached to it that will capture some of the value the protocol provides, and this will provide funds for developing additional new protocols.
In addition, if I understand it correctly, they are developing a way of making investing in the development of new protocols into securities that ordinary people can buy, instead of raising funds from VC's.
https://protocol.ai/blog/protocol-labs-creating-new-networks/ https://protocol.ai/blog/protocol-labs-creating-new-networks...