Bitcoin Tipping Platform Zapchain to Shut Down
Another bitcoin-based content monetization startup has announced it will shut down. Social network Zapchain, launched in 2014 as part of accelerator Boost VC's fourth batch of startups, has told users that it will cease services effective 31st August. The announcement comes less than a year after the startup raised $350,000 in seed funding. The decision, made public on the company's website, marks the end of a project that was once one of bitcoin’s fastest-growing projects, and comes amid a decline in the number of consumer-facing startups seeking to launch services on the bitcoin network.....
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Zapchain becomes the latest Bitcoin-based startup to close its doors. ZapChain, the Bitcoin-based content sharing and tipping platform is soon going to shut down. The Reddit like social media platform focused on Bitcoin and cryptocurrency technology has announced its impending demise on its user’s timelines. The notification on states, “ZapChain will be shutting down on, or shortly after August 31, 2016.Please withdraw your balance.” Founded by Adam McKenna and Matt Schlicht, the platform became popular with the Bitcoin community after it offered an efficient way to monetize the content.....
The power of Bitcoin tipping can no longer be denied. The Zapchain model of microtipping is growing. According to founder Matt Schlicht, some Zapchain communities are getting over 100,000 visits per month. Zapchain’s tipping mechanism has created a market for quality communities. By rewarding users with something valuable — bitcoin — it’s easy to see....
Bitcoin-centric social network ZapChain is once again enabling micropayments with the launch of a new in-house tipping mechanism. The announcement finds ZapChain furthering its attempts to experiment with content monetization, following Coinbase's decision to end its tipping service in February. Company CEO Matt Schlicht asserted the move toward micropayments was inspired by the lack of available venues for consumers to have introductory experiences with bitcoin, while ZapChain investor and Boost VC CEO Adam Draper spoke to the big picture behind the company's vision for content....
Potentially bitcoin's first killer app, tipping has been a hot topic of discussion lately. Earlier this week Bitcoin investment firm Pantera Capital announced its participation in the Series A funding round for social tipping startup, ChangeTip. And just last month Coinbase launched its bitcoin tipping button to allow anyone to accept micropayments anywhere on the web. Despite it being early days in the world of bitcoin tipping, it seems as though early adopters have their personal preference when it comes to which service they want to use to spread value across the internet. A discussion....
Popular Bitcoin tipping platform ChangeTip has announced the service is shutting down operations. The company has been deliberating ways to continue the service, but unfortunately, in the end, it said the only option was to shut down. ChangeTip Will Shut Down Operations. Founded in December of 2014 by Nick Sullivan, the company ChangeCoin created its....