Patreon to explore expansion into crypto realm
The online content creator platform is seeking feedback about a possible “social token or creator coin.” Patreon executives again teased their company's expansion into the world of crypto at a 2021 Creator Economy Summit by The Information panel. Patreon CEO Jack Conte appeared with chief product officer Julian Gutman, saying:“I really love the idea of creators owning their media and owning their content. [...] I love the idea of shifting power away from institutions and toward individual creative people.”Conte noted that while the platform doesn’t currently have full-time employees....
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Patreon, the membership platform, is pondering the idea of letting creators in its platform issue their own creator coins. The statement, that constituted a revelation, was offered by Patreon CEO and co-founder Jack Conte and Chief Product Officer Julian Gutman during The Information’s 2021 Creator Economy Summit. This is consistent with a report presented last September that evaluated using crypto as part of the platform.
Patreon Flirts With Crypto
Patreon, the well known membership organization, is now pondering the idea of introducing crypto elements to add new revenue....
Online tipping and funding platform Patreon is planning to accept bitcoin "hopefully soon", allowing fans to make regular micropayments to their favorite online artists. Founded in 2013, Patreon has to date raised more than $2m in seed funding, and is one of a host of recent startups looking to help content creators recoup revenue otherwise lost to online middlemen like YouTube. The announcement comes courtesy of an email the company sent to reddit user 'camponez', who wrote to Patreon to enquire about bitcoin integration, and received the following reply: "Thanks so much for your note! We....
When the Patreon database hack was announced, the technology industry was once again reminded why centralized solutions are not the way forward. Not only have customer email addresses been leaked, but also physical addresses and even private conversations on the platform. To make matters even worse, the entire database has now been published on the Internet, available for everyone to see. Whenever a company’s database is hacked, there is a rightful cause for concern. Especially when that company is a crowdfunding platform like Patreon, serving customers from all over the world. According....
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