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15 start-ups get EU funding to fight misinformation with blockchain
Silicon Republic July 31, 2024
The latest NGI TrustChain start-up cohort was selected from a pool of 162 applicants for the grant funding.
The EU has announced €1.8m in grant funding for 15 European start-ups developing blockchain technologies to fight online misinformation and false identities.
Awarded through the European Commission’s NGI TrustChain initiative, the so-called “democracy grants” will see each start-up receive up to $117,000 to combat the rise of online misinformation on platforms such as X (formerly Twitter), TikTok and Meta, among others.
The latest cohort, which is the third of its kind, represents 10 European countries and was selected from a pool of 162 applicants for the grant funding. To date, NGI TrustChain has invested more than €4.6m in funding to 43 companies.
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