First, I’d like to invite you to the 4th Annual Blockstack Summit in San Francisco on October 23rd. You can join us for incredible learning opportunities, world-class speakers, and ecosystem updates.
Blockstack community members should have the chance to meet each other often. For our community, we are offering 50% off passes with the code ‘cantbeevil’. I’m looking forward to meeting some of you for the first time and reconnecting with familiar faces.
→ Join us at the summit!
Q3 2019 Blockstack Ecosystem Update
Last quarter continued our momentum. Here are some of the highlights since our previous update:
- App Growth: More than 100 apps were built in Q3 alone, making over 260 live today. You can see all the available apps here.
- Fundraising: More than 4,500 individuals and entities participated in Blockstack token offerings. We raised $23M+ in these offerings.
Going into the end of 2019, we are focusing on user experience along with developer traction. We announced a partnership with Blockchain.com for integration with their wallet, explorer, custody, and other products. We may see international (non-US) exchange listings as soon as Q4.
Join the team and I on Telegram to stay updated on the latest news.
CEO, Blockstack PBC
PS: Get your free ‘Can’t Be Evil’ stickers!
Blockstack PBC Raises $23M in Token Offerings
For the first time, retail investors in the United States were able to participate in a token offering qualified by the SEC. More than 4,500 individuals and entities participated in both our SEC-qualified token offering and our offering to investors outside the United States made under Regulation S. Blockstack PBC has raised more than $23M in these offerings. Investors include Union Square Ventures, Lux Capital, Recruit Holdings, Arrington XRP Capital, Hashkey Group, Fenbushi Capital, SNZ Holding, Frontier Ventures, Spartan Group, other funds, and thousands of our community members. → More
App Growth Fueled By Can’t Be Evil Contest
Q2 was one of our strongest quarters of growth. The total number of independent apps built on Blockstack went from 165 to 266. You can see all the available apps here. A major driver of new development was the second successful Can’t Be Evil contest which we hosted with the support of DevPost and Product Hunt along with judges Katherine Wu (Notation Capital, Messari), Jeremy Welch (Casa), and Ryan Hoover (Product Hunt). You can meet the winners here.
Lambda School Partnership: Blockstack Development in the Global Classroom
We partnered with Lambda School to accelerate students building software applications that ‘Can’t Be Evil’ by design. Blockstack PBC will provide educational material and active learning sessions for Lambda School students, preparing them to build apps on the Blockstack network. While learning to build these apps, students will also enter the App Mining program where they’ll earn recurring monthly payments according to their app’s monthly rank. → More
Blockstack and Blockchain Partner to Bring Blockstack Apps to 40 Million Wallets
Just last week, we announced we partnered with Blockchain, a leading provider of cryptocurrency products and creator of the world’s most popular crypto wallet, to bring Blockstack apps that Can’t Be Evil to over 40 million Blockchain Wallets. As part of the partnership, Blockchain will integrate Blockstack’s native Stacks token (STX) into Blockchain’s full suite of products for retail and institutional users including the Blockchain Wallet and Blockchain Explorer. In addition, Blockchain plans to begin airdropping Stacks later this quarter to a set of users who have opted into the program in eligible geographies. → More
This past quarter saw a number of key updates and upgrades to everything from developer tools to App Mining. Highlights:
- We formed a User Success team that’s researching new approaches to onboarding people into Blockstack apps more efficiently and effectively
- We released the developer preview of Collections, allowing to users to share data across Blockstack apps.
- We implemented native STX token payments and increased overall App Mining payouts while continuing to refine the overall program with the guidance of App Miners and the broader community. A full list of program changes is available in the App Mining repo.
- We added redundancy and disaster-recovery capabilities to our internal infrastructure, protecting against outages that previously impacted Blockstack authentication, access to Gaia, our explorer etc. We are now resilient against such outages impacting authentication and Gaia, and we’ll improve availability across the rest of our infrastructure over the next few months.
Blockstack Expansion Across Asia
In Q3, we announced that Recruit Co., Ltd. (Glassdoor, Indeed.com, more), a global tech corporation headquartered in Tokyo, Japan, made a strategic investment in the Blockstack network. Recruit is one of the biggest Japanese internet companies with more than a $50 billion market cap. We also announced that the Hashkey Group and SNZ led a strategic investment round to support Blockstack’s growth across key Asian markets such as Greater China, Japan, South Korea, and Southeast Asia. Both Hashkey Group and SNZ were instrumental in the early success of crypto projects like Ethereum, not only in China but broadly in Asia. We are also excited to welcome Fenbushi Capital, FundamentalLabs, Spartan Group, and others as investors and ecosystem building partners. → More
Events, Evangelists, Global Community Expansion
Blockstack participated in 60 events worldwide, which included meetups, hackathons, conferences, webinars and AMA’s. Highlights included: zCon in Croatia, Blockchain Live in London, Crypto Springs, and JS Camp Barcelona among many others. Another huge highlight was our fall Asia roadshow that kicked off in Wanxiang during Shanghai Blockchain week, continued at Korea Blockchain week, and just capped off at DevCon. We also set a new record in Q3 by onboarding 30 new Blockstack Evangelists in places from Madrid to Los Angeles!
The Securities and Exchange Commission (SEC) has qualified the offering statement that we have filed with the SEC. The information in that offering statement is more complete than the information we are providing now, and could differ in important ways. You must read the documents filed with the SEC before investing. The offering is being made only by means of its offering statement. This document shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
An indication of interest involves no obligation or commitment of any kind. Any person interested in investing in any offering of Stacks Tokens should review our disclosures and the publicly filed offering statement and the final offering circular that is part of that offering statement here. Blockstack is not registered, licensed or supervised as a broker dealer or investment adviser by the SEC, the Financial Industry Regulatory Authority (FINRA) or any other financial regulatory authority or licensed to provide any financial advice or services.
This communication contains forward-looking statements that are based on our beliefs and assumptions and on information currently available to us. In some cases, you can identify forward-looking statements by the following words: “will,” “expect,” “would,” “intend,” “believe,” or other comparable terminology. Forward-looking statements in this document include, but are not limited to, statements about our plans for developing the platform and future utility for the Stacks Token, our Reg A+ offering and launch of our network, and collaborations and partnerships. These statements involve risks, uncertainties, assumptions and other factors that may cause actual results or performance to be materially different. More information on the factors, risks and uncertainties that could cause or contribute to such differences is included in our filings with the SEC, including in the “Risk Factors” and “Management’s Discussion & Analysis” sections of our offering statement on Form 1-A. We cannot assure you that the forward-looking statements will prove to be accurate. These forward-looking statements speak only as of the date hereof. We disclaim any obligation to update these forward-looking statements.
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