Steemit is a blogging and social networking website on top of the Steem blockchain database. The Steem blockchain produces Steem and Steem Dollars which are tradeable tokens users obtain for posting, discovering, and commenting on interesting content.
Steemit, Inc is a privately held company based in New York City and headquartered in Virginia. The company was founded by Ned Scott and Dan Larimer, creator of BitShares
On July, 4th, 2016, Steemit, Inc officially launched Steemit, a social media with virtual currency rewards that runs over the Steem blockchain. On March 15, 2017 Dan resigned as a head of technology and a marketing team was announced with Mitchel Loureiro (@zuvarnic) and @andrachy. Frank Rimalovski, Andrew Haines and William Mougayar (@wmougayar) are advisory board members while @cass, Jeffrey Paul (@sneak), James Calfee (@jamesc) and Valentine Zavgorodnev (@val-a) are a few of the staff members.