Beyond Bitcoin? Little known project jumps 116% on €2.75M EU ‘new money’ grant

Beyond Bitcoin? Little known project jumps 116% on €2.75M EU ‘new money’ grant


A little-known blockchain project more than doubled in value overnight following the announcement of its involvement in a European Union digital economy research program.

The spot price for the Ethereum-based Streamr (DATA) token increased 116% leading into Feb. 12, after it was revealed the project would be used as part of an EU pilot aimed at creating a new kind of money.

Announced on Feb.11, the ATARCA Consortium was awarded €2.75 million ($3.33 million) by the European Commission as part of an initiative to address the “economic inefficiencies” incurred by artificially limiting the supply of digital goods.

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In a radical left-turn away from one of the economic principles said to give Bitcoin (BTC) some of its value, the program will try to construct a medium of exchange that gains value through being shared, rather than being scarce.

ATARCA claims to offer an alternative to mainstream economics with its concept of “anti-rival goods” which become more valuable the more they are

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