The irony in cryptosphere is that it's basically build on shilling, so even shitcoins can perform better than the best stock out there lol.
Blocknet is actually one of those hidden GEMS that few know about it, it's not in these shilling & famous exchanges (like Binance or Huboi,...). The team i doing great especially after thei latest update (like you said):
https://blocknet.co/word-on-the-block-15th-october-2019 which gives you a pretty good idea that the project is still going on, it still needs more marketing & light to be noticed in this crypto noise full of bullshit.
A you can see, some blockNet owners / holders (the older ones from 2014-2015 ) already made their decent profit with that 2017 Bull Run, so my view it won't matter much what the team is doing though, since this space is all about making money & the best ROI to be one in the shortest time.
PS: the Market Cap of BlockNet is still so low, only $6,477,932 USD which mean it can make you an easy 10x from where it is now with the right bull run, but always invest only what you can afford to loose & don't get emotionally involved with any project no matter how good it is.