Streamr reaches 30M hard cap

Decentralized P2P data sharing protocol Streamr‘s crowd contribution has reached its 30 million CHF hard cap, the company announced today.

More than 1,300 participants were involved.

Founded earlier this year by Henri Pihkala, Nikke Nylund and Risto Karjalainen, Streamr Network AG offer scalable, low-latency and secure data delivery by tokenizing real-time data that allows people to trade it over a decentralized P2P network.

Henri Pihkala

“Our team is incredibly grateful and humbled by the outstanding results from our crowd contribution period,” Mr. Pihkala said.

“The support, not only for our platform but for our mission, is truly inspirational and an unforgettable benchmark in the evolution of real-time infrastructure. While our ambitious goal leaves us with a long journey ahead, this early success is a huge leap in making that dream a reality.”

The contribution period ended Oct. 13 with DATAcoin, the Streamr token, being issued to participants. Managed by Bitcoin Suisse, interested participants underwent KYC processing before whitelisting and participation.

DATAcoin allows holders to access and operate the real-time data marketplace and to compensate P2P network nodes. Approximately one billion DATAcoins have been allocated.

“We have been very much impressed by the professionalism and dedication of the entire Bitcoin Suisse team, Mr. Karjalainen said.

“We are now moving on to the next stage. The proceeds have been earmarked towards research and development on the Streamr protocol and the technology stack, which will revolutionize how people view and share data.”

“We started this project with the recognition that the world deserves unstoppable data for unstoppable applications and that we would need widespread support to deliver that data,” Mr. Pihkala said. “We have seen overwhelming support this month, and now we can eagerly strive to reward that passion with the best platform imaginable.”