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Ethereum

Former Denver employee to launch Ethereum based publication house

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The Newyork times reported that former Denver reporters and editors are in the process to launch a new local media outlet in collaboration with ConsenSys-backed blockchain start-up civil media company, on June 17
Following Denver’s change in ownership ,that resulted in layoffs and deteriorating morale,many employees after leaving Denver is all set to create a new local state online newspaper,called the Colorado Sun, According to TimesThe Denver was taken over by New York hedge fund Alden Global Capital acquiring its parent company, Media News Group, and manages it through a subsidiary, The Digital First media.
The initial funding will be availed from Civil and blockchain technology will be used to store data. After the Colorado Sun has built up steam, it intends to become the community-supported, explanatory and narrative outlet. This is the vision of the company, which also endeavors to go Add free.
The organization is scouting to raise initial $75000 in a month as a Kickstarter campaign. The campaign clearly states that this new outlet will be subscription based and depend upon the local support to keep the platform free of advertisement.
The Colorado Sun has vouched to address the problem of Add dependency and stick to shareholder interest. Civil Media Company — which the Times reports aims to open 1,000 publications in the U.S. by the end of the year — will operate on the Ethereum network using a decentralized governance model, powered by Civil’s upcoming native token CVL, that holds publications in the system to a particular set of ethical and professional standards.

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