Controversial entrepreneur Kim Dotcom has announced his mysterious MegaNet venture will become a reality early next year, vouching to raise US$100 million in funding.
A Twitter update by Dotcom states that MegaNet, which combines the internet with the unalterable record-keeping capabilities of the blockchain, will be open to crowdfunding from January 20, 2016 – four years since the paramilitary raid on his home by the New Zealand police.
MegaNet details will be revealed and equity will be available via crowd funding on 20 Jan 2016, the fourth anniversary of the raid. #Disrupt
— Kim Dotcom (@KimDotcom) June 10, 2015
The German multimillionaire, who has also announced the completion of a US$40 million funding round for his extant filesharing service MEGA, has been outspoken on issues of mass surveillance and freedom of information online. His once-omnipresent filesharing network Megaupload.com, from whose remains MEGA was created, was previously shut down by authorities.
MegaNet, a network which is thought will run without IP addresses, would facilitate complete user privacy and be completely decentralized, with Dotcom further tweeting that he “would raise $100 million” in funding.
I have successfully raised $40m for Mega. Giving 20 million users 50GB