Data Startup Textile ‘A Decentralized Flickr’ Gets $1.5 Million From M

  • Multicoin, Blue Yard Capital, Coinbase Ventures and Collaborative Fund have invested about @1.5 million in a new protocol that will enable developers to interact smoothly with decentralized file storage.
  • The lead investors are backing the data startup Textile, dupped the decentralized Flickr .
  • Textile has been touted as the decentralized answer to Flickr and is banking on its mission of helping the users to have control of their data through the Interplanetary File System (IPFS).

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