Bitcoin Tipping Platform Zapchain to Shut Down

Another bitcoin-based content monetization startup has announced it will shut down.
Social network Zapchain, launched in 2014 as part of accelerator Boost VC‘s fourth batch of startups, has told users that it will cease services effective 31st August. The announcement comes less than a year after the startup raised $350,000 in seed funding.
The decision, made public on the company’s website, marks the end of a project that was once one of bitcoin’s fastest-growing projects, and comes amid a decline in the number of consumer-facing startups seeking to launch services on the bitcoin network.

This post was published at Coin Desk on August 29, 2016.