Monthly Digest— October 2021

Dear Minimalists,

While Bitcoin hit an all-time-highs in October, and the mass media was busy reporting on a renewed interest in dog-themed memecoins, at Minima, we focused on BUIDL and sharing our mission.

In this post, you'll find a few of our highlights from the month ranging from interviews and blog posts to our most recent successful Series A fundraising round.

Important Milestones:

  • Raised 6.5 Million in oversubscribed Series A
  • Hit 5000 nodes
  • Distributed across 94 countries worldwide and growing

Interview with Yahoo Finance

Our CTO, Paddy Cerri, was interviewed by Yahoo Finance, sharing his views on how Bitcoin drifted away from its original mission to be a highly centralized cryptocurrency.

“If your project or app is not decentralized, then it doesn’t matter what you build on top of your chain. A chain is only as strong as its weakest link and now Every single current blockchain is totally centralized.”

_ — Paddy Cerri, CTO Minima_

You can find the entire interview here.

Unlocking the Value of NFTs

As NFTs continued making headlines as more and more companies from sports, arts, and fashion entered the space, we covered how we can truly unlock the value of NFTs. Spoiler Alert: it's only possible with as few intermediaries as possible.

Read our CMO's post about it here.

Talking Data Empowerment

We had the pleasure of being invited to talk on Arm's podcast about data empowerment and our thoughts on how blockchain can enable a truly decentralized web.

“In the Web, as we know it today, when the service is free, you’re the product. And we feel that there is more potential for people to be than just a product.”

— Jon MacDonald CMO Minima

Listen to the full episode here.

Featured on NewsBTC

Slowly but surely, the crypto industry is recognizing the need for smaller, more compact protocols that don't require specialized hardware to run. NewsBTC highlights that running a blockchain node has turned into an expensive hobby for individuals, not enabling true decentralization.

You can find the article here.

Hackernoon Interview

On October 22nd, our CTO, Paddy Cerri, was interviewed by Ishan Pandey on Hackernoon. He shed light on how compact blockchains can make a massive difference for the IoT industry and what he thinks of the current DeFi ecosystem.

"What we see today in DeFi is what happens when individuals are allowed to experiment in an open market, and It’s beautiful to see."

— Paddy Cerri, CTO Minima

You can read or listen to the interview here.

Our successful Series A fundraising

We finished the month on a high note by successfully raising 6.5 million from GSR, DEX Ventures, AGE Crypto, SMO Capital, and Vinny Lingham. Read up on all the details on our blog.

A huge thanks to all our early backers, investors, community members, and node runners.

The evolution won't be centralized.