I think one of the developers said he was using the Eth the project raised in it's ICO to trade with and use to buy shitcoins.

They were looking at decentralizing the internet to give people in China a way through the firewall to get access to the entire internet, not just the government approved portion.

Last I heard before the crypto market collapsed they had made it through, but have to be honest, I haven't really seen anything on the project besides a higher up person gambling with the projects funds.

To over simplify the project it's a decentralized VPN.