Blockstack is both an open source project and a Public Benefit Corporation (PBC). Blockstack PBC, a Public Benefit Corp, upholds specific commitments to the greater public good in addition to stockholder interests. The mission of Blockstack PBC is to enable an open, decentralized internet. Blockstack PBC is committed to always keep the core Blockstack software open-source, and to support the decentralization of the Blockstack network. Blockstack PBC has historically taken the lead on Blockstack protocol development, but in the future will work with other parties to build a fully transparent and adaptable decentralized internet.
Blockstack was started by Muneeb Ali and Ryan Shea in 2013. The first public launch of a registrar service (called the Onename App) was in March 2014 and the company went through Y Combinator in summer 2014. After YC, the company raised a Seed round led by Union Square Ventures. The company closed a Series A in January 2017, again led by Union Square Ventures, with investors including Lux Capital, Naval Ravikant, and Shana Fisher. Blockstack became a Public Benefit Corp in September 2017.