The Block is building a community for blockchain technology and cryptoasset enthusiasts
Riot Blockchain, Inc., (Nasdaq: RIOT) (the “Company”) today announced a strategic investment in The Block Crypto, Inc. (“The Block”). The Block is building a community for enthusiasts of blockchain technology and cryptoassets. The platform will provide members with high quality content, powerful community discussion, access to experts, and regular industry events. The Company’s investment in The Block will be used to advance its technology and continue building its team.
Mike Dudas is the Founder and Chief Executive Officer of The Block. Mr. Dudas is the former co-founder and CRO of Button, a global mobile affiliate commerce company which has been ranked the #1 company to work for in NYC by Crain’s, has grown to 70 people, and raised $35 million in capital from top New York City and Silicon Valley venture capital funds including Greycroft, Redpoint, and Norwest. Mr. Dudas is a builder of mobile commerce businesses with prior professional experience at Google, Braintree/Venmo and PayPal. Mr. Dudas earned a BA from Stanford University and an MBA from the Kellogg School at Northwestern University.
“This investment fits well into our corporate strategy of building gateways to blockchains,” stated John O’Rourke, Chairman and Chief Executive Officer of Riot Blockchain. “The growing appetite for cryptocurrency and blockchain technology focused content has yet to be fully serviced by any single source. The Block is building a platform uniquely positioned to stand apart as a definitive source of curated media and high signal community discussion in this sector.”
Founded in 2018, The Block intends to be an on-ramp to the world of programmable money, distributed ledgers, and decentralized applications for millions of people. Utilizing a network of industry influencers and a team of media and information professionals, The Block aims to cut through the noise and surface signal in an accessible way across key areas of blockchain and crypto assets: social engagement and discourse, market information, media, education, and more.
“Due to its decentralized nature, the epicenter of blockchain technology will almost certainly not be represented by one single source,” commented Mike Dudas, Founder and CEO of The Block. “The Block will help fill that massive prospective void, in attempting to become the epicenter of decentralized commerce.”
About The Block
For more information about The Block, please follow @TheBlock__ on Twitter.
About Riot Blockchain
Riot Blockchain is focused on building, supporting, and operating Blockchain technologies, primarily through its cryptocurrency mining operations and other internally developed businesses, as well as through potential joint ventures, acquisitions, and targeted investments in the sector. For more information, visit http://www.RiotBlockchain.com/.
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