Coinbase joins Earn.com

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 Computerin 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.

 

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