Yours, a blockchain-based social network, has raised $177.5k in an angel round led by Digital Currency Group, along with drawing support from other investors which include Boost VC, Huiyin Group, GaiaX, and individual investors in the bitcoin and blockchain space.
 

Founder and CEO Ryan X. Charles made the announcement via a blog post. He wrote:

“For most of our history, Yours was self-funded. After watching our progress, DCG reached out to us and offered to fund our work. As the premier investment firm in the bitcoin and blockchain space, we were delighted at the prospect of having DCG invest in our company.”

Yours, previously Datt, aims to provide a low-cost way to get content creators and curators paid for their work. Charles explained that the goal is to integrate a wallet into social media so that users, including content creators, curators, moderators, and everyone else, can earn money for the work they do.

In August, Yours successfully tested its first user-to-user smart contract micropayment in a simulated environment. In the following month, Yours announced that it has completed the first stage of integrating micropayments into the platform and has completed first funding transaction on Bitcoin testnet.

Charles also revealed plans about growing the company in the Bay Area, adding that they expect to launch the platform to a general audience sometime in early 2017.

“We would like to thank our investors for placing their bet on us. We think this is a huge opportunity and we are fortunate to have the best investors in the industry as our allies. We would also like to thank our community members who have helped us from the early days when our project was just an idea”, he added.