[2015-01-05] CD: BTC Messenger App GetGems Raises $400k From Waze Investor

[LiteCoinGuy]

Bitcoin Messenger App GetGems Raises $400k From Waze Investor

Magma VC has invested $400,000 in decentralised social messaging startup GetGems (formerly Gems).

The funding marks the first VC investment for the widely anticipated crypto 2.0 project, which seeks to incentivise social messaging users through the use of GEMZ, a native token issued on Counterparty that allows users to profit from the platform’s growth.

http://www.coindesk.com/bitcoin-messenger-app-getgems-raises-400k-waze-investor/

[fiN.]

I'm all for more decentralized applications but can't they be built around or pay in bitcoins? I think a decentralized social network that pays users a share in ad revenue would be great. I think that's one way you could snipe some of facebooks market.