Civil Shuts Down.

Plus Lightning Hackathon's and a new grant from Square Crypto

Happy Tuesday, Blockfolians

The Lede

Well, I guess that’s one solution to the problems of media that isn’t going to work. Civil was a project meant to let readers directly support journalists and even spin up their own publications. The company had tried a number of unsuccessful token raises and ultimately, couldn’t find a path to sustainability. Some parts of the team will be absorbed into ConsenSys to work on identity solutions.

A project ending is never easy. For a brilliant thread on this, check out the founder of the (very successful) Udemy and the (painful flop) Sprig on failing.

What’s more, while Civil might not have been able to figure out a sustainable approach, there’s no doubt that the world is desperate for better approaches to journalism and information sharing.

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Community Commentary

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Final Thought

It was a little jarring, ngl.