New decentralised social network With 280,000 users in just two months, ONO announces its Series A funding from top blockchain and cryptocurrency VCs including, INBlockchain, China Growth Capital, Purple Cow Fund, KIP, Green Pine Capital Partners, and Grand Shores. ONO has secured $16 Million from investors in a series A funding round. The Chinese start-up was founded in two months , 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 one users, with a 65% retention rate. The funds come from investors including INBlockchain , Purple Cow Fund , Purple Cow Fund and Korea Investment Partners . The company plans to use them to develop the network's systems and expand into overseas markets.
New decentralised social network ONO has secured $16 Million from investors in a series A funding round. The Chinese start-up was founded in two months , 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 one users, with a 65% retention rate. The funds come from investors including INBlockchain , Purple Cow Fund , Purple Cow Fund and Korea Investment Partners . The company plans to use them to develop the network's systems and expand into overseas markets.