OpenLibra

Basics

• Plan to fork the Facebook-led Libra crypto project to build a permissionless version.
• From this CoinDesk article (9-10-2019):

"Announced at the ethereum developer conference Devcon by Lucas Geiger, co-founder of blockchain infrastructure startup Wireline, OpenLibra will function as a stablecoin pegged to the actual Libra cryptocurrency. 

“We’re going to fork the code, fork the community and create a new cryptocurrency called OpenLibra,” said Geiger during his presentation at Devcon. “There is no token sale. No equity and no company behind this initiative.”

So far, the OpenLibra project has published a permissionless version of the Libra virtual machine on GitHub. Unlike Facebook’s Libra, the code computations on OpenLibra, called “MoveMint,” will run atop Tendermint blockchain software specifically designed for use on public blockchain platforms such as Cosmos."

Team, Investors, Partners

Team

• Lucas Geiger

Investors

• "Geiger explained that “a generous grant” from the Interchain Foundation would support OpenLibra research, alongside personal funds. The Interchain Foundation is a non-profit dedicated to supporting Cosmos network development. “This covers our funding for several months but there are other grants coming in,” Geiger said."

Partners

• Initialy claimed in their launch presentation to have 30 projects backing OpenLibra, but two days later quite a lot of these projects said they had nothing to do with it.