Decentralized journalism marketplace Civil has announced $5 million in funding from blockchain development firm ConsenSys.
According to Civil founder Matthew Iles, the platform aims to create a "self-sustaining" marketplace for journalism that is "free from advertising, fake news, and outside influence."
The project is planned as a self-governing marketplace in which users can directly sponsor newsrooms, while journalists can team up to run their own publications. Also aiming to protect journalists against censorship and intellectual property disputes, Civil plans to initially focus on local news and policy and investigative reporting.
Civil will launch the new platform and its own token sale in early 2018, the post indicates.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.