The investment in Textile is aimed to help developers build tools that give web users control of their own data.
Source: https://www.coindesk.com/multicoin-coinbase-ventures-invest-1-5-million-in-decentralized-flickr
Multicoin, Coinbase Ventures Invest $1.5 Million in ‘Decentralized Flickr’
July 11, 2019
CoinDesk
