Handshake is attempting to make the Internet more open

Handshake came out of stealth mode last August. The project, which intends to replace various levels of the Domain Name System (DNS) hierarchy, was founded by Joseph Poon (co-creator of the Lightning Network & Plasma), Andrew Lee (co-founder & CEO of Purse), Andrew Lee (co-founder & CEO of Private Internet Access), Boyma Fahnbulleh (Bcoin developer), and Christopher Jeffery (Creator of Bcoin & CTO of Purse).

Sidestepping the ICO route popularized by Ethereum, Handshake raised private funding from a slew of investors including A16Z Crypto, Polychain Capital, and Founders Fund. These investors purchased 7.5% of the initial coin supply of HNS, Handshake’s native token, for $10.2M, valuing the protocol at $136M.