Crypto-curves have taken off in the past year, but mainstream media has not been very helpful.
A new, non-profit group called CoinDesk has started a project called the CoinDesk Network, which aims to make that a thing.
“We want to bring more mainstream outlets to crypto-news, to better understand what’s happening in the crypto-space,” says Andrew T. Fergusson, cofounder and CEO of CoinDesk.
“There’s a lot of coverage that is just looking at crypto-coins, and I think that’s missing out on some really interesting stuff that is happening.”
CoinDesk was founded in March 2016 as a “small startup incubator for new media businesses.”
It has raised $2 million from a number of prominent investors.
“The idea behind CoinDesk is to be a platform for all crypto-businesses to share their stories and ideas,” says Ferguson.
“It’s a way to engage with those interested in crypto and be more of a source of information.
We’re aiming to do a lot more.”
Fergussedon and his cofounder Mark Schulz are both graduates of Harvard Business School.
Both are well-versed in the world of finance, having worked as investment bankers at Credit Suisse, Morgan Stanley and Deutsche Bank.
Their team is currently working on a project that aims to put together a curated list of the top news stories from crypto-currency communities.
The goal is to bring the stories from that list to a broader audience.
Foglusson says the goal is not just to get mainstream outlets covered, but to build a broader ecosystem of crypto-media that is more diverse and relevant to a wider audience.
He says the platform is in a “state of beta” right now.
Fergus Johnson, CEO of the news startup The Hive, said that while he agrees the platform could be useful for mainstream outlets, he thinks it could do a better job covering the more interesting stories.
“For a start, there are a lot fewer resources and resources are more scarce, so the way you’re going to see stories get published is by people with the right skills,” Johnson says.
“But we’re working on trying to provide a more comprehensive platform, so that we can cover more news sources and be better at covering those stories.”
Johnson says CoinDesk could have its work cut out for it.
“A lot of these stories, when they get published, they’re usually written by people who have some background in financial services, in finance, in technology, or in finance journalism,” Johnson said.
“So you have this very small, un-credible source.
And they’re not necessarily from a reputable source.
That’s why it’s so important that they get mainstream media attention.”
Johnson also noted that a lot people are skeptical about crypto-tech startups, but he says he thinks the community is starting to get better at vetting the projects.
“When I was in grad school, the idea of investing in a venture-backed startup was a bad idea, because it meant you were investing in something you could never deliver,” he says.
Johnson says he’s also encouraged by the interest of the tech community in crypto-crypto-curve coverage.
“They’re very smart and they’re really interested in the tech, but they’re also interested in other things,” he said.
And it’s that interest that has led to a group of crypto community leaders forming the CoinCuraver Network, to promote the idea that a diverse community of investors and technologists is at the heart of crypto, not just one.
The group has partnered with the Financial Times, The New York Times, Forbes, and other media outlets to launch CoinCurus.
CoinCursors is a project aimed at helping newsrooms across the world cover the growing number of crypto currencies.
“I think it’s important to see that this community is diversified and there’s a variety of viewpoints,” says Mark Schulze, founder and CEO at CoinCuras.
Schulzes background in finance and business was primarily in investment banking.
He was a member of the advisory board of the Digital Currency Group, which was a founding member of CryptoCompare, which helps investors and companies monitor and analyze the digital currencies industry.
Schulz says he sees a lot in the future of crypto.
“If you think about Bitcoin and Ethereum and other altcoins that are trying to replace traditional currencies, they don’t look very different than bitcoin, because there’s no central bank and no central authority.
There are no exchanges,” he adds.
“That’s really exciting to me because I think it’ll be really interesting to see where crypto’s going and what it’s going to be in the next five to 10 years.”
In the meantime, CoinCursor is still in the early stages.
Schuluzes team is still working on how to create a centralized database of crypto news stories, and they have not decided whether or not they want to create an app for it