Multicoin, Coinbase Ventures Invest $1.5 Million in ‘Decentralized Flickr’ – CoinDesk

  • Multicoin, Coinbase Ventures, BlueYard Capital and Collaborative Fund are backing a new protocol to help developers more smoothly interact with decentralized file storage.
  • IPFS is an open protocol built by Protocol Labs, the same company that created the Filecoin ICO.
  • O’Leary noted that for as good as the underlying technology is, the web needs software like Textile’s to improve its user experience.
  • Interested users can join the waiting list now to use Textile’s own photos app, which demonstrates the fundamental functionality of the software.

Read full article: coindesk.com