Proof Media, a Berkeley Heights, NJ-based blockchain enabled platform that incentivizes its members to research, verify and vote on the truthfulness of content, received a strategic investment from Reflective Venture Partners, a venture fund partnered with RChain.
The amount of the deal was not disclosed.
The company intends to use the funds to develop and launch its platform on RChain’s decentralized and secure blockchain.
Co-founded by Chris Young and Luigi D’Onorio DeMeo, Proof is a blockchain enabled platform where a community of online members are incentivized to research, verify and vote on the truthfulness of the facts underlying content, such as news articles, and blogs.
The platform is presently in the development stage and will be launching an alpha version in Q4 of 2018.