The company raised over $5,000,000 in two crowd-funding campaigns; the first campaign was launched in March 2015 and raised $120,000, while the second campaign, launched in October 2016, raised $4.700,000 .
In September 2016, Synereo entered a partnership with the Silicon Valley startup accelerator NFX, to build the decentralized internet over Synereo’s blockchain. Synereo later on redefined its focus turning towards creating tools for the Attention Economy as part of the company’s core philosophy.
In April, 2016, Synereo launched the Alpha phase of its Attention Economy app, Qrator. With the launch of the Beta, Synereo renamed the product to WildSpark.
Synereo renamed themselves to HyperSpace in 2016 with the launch of their WildSpark product and worked on their content publishing and distribution platform.
In 2019, Synereo announced they were closing after five years. In the post about their close, which replaced their website, Synereo cited increasing regulation and unfinished technology, with tight budgets and what they felt was increased resistance from banks, regulators and strategic content partners.
- BlockchainA blockchain is an append-only digital ledger storing a set of time-ordered transactions grouped in blocks that are linked together using cryptographic hashes.
- Distributed networking
- Proof-of-stakeProof-of-stake (PoS) is a system in which a network (e.g., a cryptocurrency blockchain) aims to achieve distributed consensus.
- SteemitSteemit is an online social media platform built on the Steem blockchain that is based out New York City, New York. Steemit rewards users for creating and curating content by leveraging a robust digital points system (Steem) for digital rewards.
- Content delivery network