SANTA MONICA, Calif.--(BUSINESS WIRE)--MakeSense Labs, the company behind the recently launched dApp Sense.Chat, announced today that notable cryptocurrency and venture investor Tim Draper has been appointed to their Board of Directors.
“The world is becoming decentralized. I am excited to support this amazing application. Sense.Chat improves human connections by allowing private, seamless messaging and payments.” - Tim Draper
Tim Draper is a renowned venture capitalist and founder of Draper Associates with investments into significant companies such as Tesla, Skype, Baidu, Twitch and Hotmail. His suggestion to use viral marketing to spread these platforms was instrumental to their success.
Among other notable achievements, Draper was listed as one of Worth Magazine’s 100 Most Powerful People in Finance, one of the Wealthiest People in Crypto according to Forbes, and the #1 Most Networked Venture Capitalist by Always On. He is also well-known for his support of Bitcoin, blockchain and his purchase of 30,000 bitcoins at a public auction.
Following the launch of the Sense.Chat app, Founder and CEO, Crystal Rose, stated: “Sense.Chat is the first messaging system of its kind utilizing blockchain technology for privacy and security. It has the potential for ushering in mass consumer adoption in crypto. As an early supporter of our mission and respected visionary in the space, Draper is an incredible asset for our team’s success.”
Draper was an early investor in Sense Chat Labs’ parent company Sensay Inc., supporting the team’s mission to create tools for better human connection.
"Tim is among the most respected VCs in Silicon Valley and a major proponent for blockchain technology,” said John Schenk, CFO at Sense.Chat. “We’re delighted to have him on our board."
Draper comes from a long line of impactful venture capitalists. He graduated with a Bachelor of Science degree in Electrical Engineering from Stanford University and later earned an MBA from Harvard Business School in 1984. In 2013, Draper launched Draper University of Heroes, an educational program that offers to help talented young individuals achieve their entrepreneurial goals.
Ben Sigman, CTO of Sense.Chat, was ecstatic saying, “We are very excited to have Tim’s support and advice. He’s been a massively important and pivotal figure in technology, and recently in the blockchain. He’s everything we want to emulate in our leadership - he’s creative, supportive, and passionate.”
In March, Sense Chat Labs released the first decentralized chat and video messenger with a digital wallet, Sense.Chat. Available now on Apple iOS and Android, the Sense.Chat Encryption Protocol uses advanced cryptography combined with the EOS blockchain to deliver messages so that users will be able to maintain their privacy in an unparalleled, highly secure application.