We wanted to share some next steps for MaidSafe and the future of the SAFE Network. On September 12th we will be launching an equity fund-raising round with BnkToTheFuture, a leading global online investment platform for qualifying investors. MaidSafe is looking to raise between £1.75m and £2m during the 30 day campaign.
This is an important step for the company and the future of the platform coming on the back of the recent release of the SAFE alpha. We are delighted with the positive feedback we have had to date and the strong support of our community has been hugely important to us. We see this funding round as critical as we move to the next stage of development so we wanted to explain why we think this is the best way forward.
As you know launching the alpha is only one of many steps on our journey. There is a lot of work to do to build out functionality and create a robust platform that will attract users and application developers. That means we need to continue to recruit the best developer talent from around the world and build out a developer programme to support the growing interest in building on the SAFE Network. We will also be looking to develop our own applications, because we do see commercial potential for us as well as for the broader community.
We have chosen BnktotheFuture for a number of reasons. They have a large online community of qualified investors, interested in the decentralised technology sector. There is a strong relationship with the crypto-communities, which is important to us, and investors will be able to invest in both traditional currency, bitcoin and even some of the more liquid altcoins like Ether. Above all it also means we will remain in control of our strategy and roadmap, which is really important to us as we want the SAFE Network to be available for everyone to use and develop on. This is why the core code-base is open-sourced, to encourage the establishment of a strong community around the technology. Furthermore, we have transferred the core intellectual property (IP) to a Scottish charity (The MaidSafe Foundation) to help ensure that MaidSafe is not seen to benefit unfairly from ownership of the network (although we hold a license in perpetuity to allow us to utilise and license the technology to partner companies).
We appreciate all your support so far and hope you will see this news as further evidence that the SAFE Network is on the fast track to becoming a viable alternative to today’s insecure, unreliable worldwide web. With this investment round we are seeking to accelerate progress further by adding functionality and working towards the beta version and beyond. I hope you will continue to contribute to this exciting journey, because we believe a secure, decentralised approach to the internet will present huge opportunities for users and developers alike.