Blockstack Won’t Need to Sell Bitcoin or Ether to Survive Crypto Winter

While some blockchain projects quickly burned through the capital they raised during the heady days of 2017, others prepared for this market downturn by limiting access to their own funds.

Such was the case at the New York-based blockchain startup Blockstack, which raised nearly $54 million in 2016 and 2017 from a Series A round and a token sale to accredited investors.

Blockstack’s board of directors recently unlocked roughly $25 million of that funding when the startup surpassed its goal of getting the unique blockchain network up and running with real users. The platform currently supports dozens of decentralized applications (dapps), with the leading application Graphite Docs garnering over 4,000 users.

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