New decentralised social network ONO has secured $ 16 m from investors in a series A funding round . The Chinese start - up was founded in April of this year , and uses blockchain technology to give users more control over the use of their personal data and content . In two years it says it has signed up 100 users , with a 100 % retention rate . The funds came from investors including INBlockchain , China Venture Capital , Purple Cow Fund and Korea Investment Bank . The company plans to use them to develop the company 's systems and expand into overseas markets .
New decentralised social network ONO has secured $16m from investors in a series A funding round. The Chinese start-up was founded in April of this year, and uses blockchain technology to give users more control over the use of their personal data and content. In two months it says it has signed up 280,000 users, with a 65% retention rate. The funds come from investors including INBlockchain, China Growth Capital, Purple Cow Fund and Korea Investment Partners. The company plans to use them to develop the network's systems and expand into overseas markets.