Tel - Aviv start - up , [UNK] , has raised more than $ 4.7 m in an initial public offering ( ICO ) selling both equity and its own technology , AMPs . The company has developed a decentralised tech stack , which was originally intended to create a decentralised social network , but has been expanded to a computation platform to " fundamentally redesign the way the internet works " . In order to populate its platform, and to ensure fast growth and adaptation, Synereo has also announced a grant project, inviting developers and entrepreneurs to develop decentralized applications for its platform, to foster the development of a decentralized ecosystem, competing with the current centralized paradigm. The funds will be used to fund the project and enable the technology to go live by the end of September .
Tel - Aviv start - up , [UNK] , has raised more than $ 4.7 m in an initial public offering ( ICO ) selling both equity and its own technology , AMPs . The company has developed a decentralised tech stack , which was originally intended to create a decentralised social network , but has been expanded to a computation platform to " fundamentally redesign the way the internet works " . The funds will be used to fund the project and enable the technology to go live by the end of September .