Sirin Labs, the hardware startup aimed at developing a blockchain-compatible smartphone, is considering a pivot to software. Sirin Labs raised $158 million in an ICO last year, with the promise of shipping a smartphone that is designed for the blockchain ecosystem. More recently, however, the company’s CEO, Moshe Hogeg, said that it only has enough funds for 6 – 12 months. Sirin Lab’s announcement comes after a string of large purchases by Hogeg, including a $19M purchase of Israeli real estate and a $7m purchase of a Jerusalem soccer club. Just one year ago today, the company announced that Lionel Messi, the Argentinian superstar soccer player, joined as a partner. On November 29th, an advertisement for FINNEY was released on Sirin Labs’ YouTube, featuring Messi. (Source: Bloomberg)
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$158M ICO considers a Messi pivot written by Mike McCaffrey @ https://www.theblockcrypto.com/tiny/158m-ico-considers-a-messi-pivot/ December 8, 2018 Mike McCaffrey