TechFlow News, according to CoinDesk, Diamondhands, the founder of the trending new social network BitClout, revealed a list of BitClout investors including Sequoia Capital, Andreessen Horowitz (a16z), Social Capital, TQ Ventures, Coinbase Ventures, Winklevoss Capital, Arrington Capital, Polychain, Pantera, DCG (CoinDesk's parent company), Huobi, and Variant. Diamondhands said he and his co-creator felt they needed these prominent names to convince creators that the project was legitimate. Earlier reports indicated that BitClout is an open-source decentralized social network and marketplace that has already attracted hundreds of millions of dollars in participation.
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