Cryptocurrency exchange Coinbase has announced the acquisition of Earn.com, reportedly for $120M.
Earn.com, one of the industry’s best funded startups, and formerly known as 21 Inc. ran a Bitcoin mining operation, powered by technology from Intel, and later launched its developer focused “21 Bitcoin Computer” in 2015.
The firm rebranded to Earn.com last October in a pivot that saw it launch a social network aimed at incentivizing users to complete tasks in exchange for cryptocurrency rewards.
This week Coinbase announced: “Earn has built a paid email product that is arguably one of the earliest practical blockchain applications to achieve meaningful traction. We will keep Earn’s business running because it’s showing a lot of promise and potential.”