September 18, 2019, 7:10AM EDT
• 4 min read

Blockstack has runway until end of 2021, but the quality of apps on the network needs improvement

Quick Take

  • Blockstack PBC raised $23 million in aggregate between its Reg A+ and Reg S offerings which it plans to use to further promote and develop the Blockstack network of decentralized apps
  • Management estimates that these funds should allow the company to have enough runway to last until the end of 2021 or longer
  • The number of apps on the network increased 52% since July thanks to the company’s App Mining program which awards monthly payouts to developers
  • However, the quality of these apps has been questionable and many have complained about the usage of bots and fake accounts in order to game the company’s reward system

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