What’s happening:
The latest experiment in journalism is facing a big test this month. Anything involving blockchain is super volatile and always has been, according to Maria Bustillos, the editor of the website Popula.
Civil Media is a blockchain-based economy that involves the direct, peer-to-peer exchange of value between journalists who report articles, make videos, record podcasts, and the people who read, watch, listen and support their work. It has partnered with more than a dozen news outlets including Popula.
Civil has sold about $1.4 million worth of its new cryptocurrency tokens since the sale started in mid-September — well short of its $8 million initial project goal.
Why it matters:
Bustillos, who has been covering blockchain technology and cryptocurrency for several years, said the market is still a “wild west” for those who participate in it.
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