Crowdfunding Platform Kickstarter Will Shift to Blockchain-Based Model
Kickstarter, one of the leading crowdfunding platforms on the market, has decided to abandon its current business model and migrate to a blockchain-based platform. This will be built by an independent organization funded initially by Kickstarter to work on the protocol. The new platform will be built on top of the Celo blockchain. Kick-Starting a Blockchain Replacement Kickstarter, a crowdfunding platform for products, services, and ideas, announced yesterday it will shift its operations to a blockchain-based platform. The platform made the announcement in a blog post titled....
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Kickstarter has been the center of attention for quite some time now in the crowdfunding world, despite some obvious flaws with the way business is handled at certain times. At the same time, there are far too many users who see this platform as a cheap shopping mall for the latest gadgets, which is far from the case. Now that Kickstarter released its Android app, consumers will have additional options to back innovative projects. Bitcoin-based crowdfunding platforms could use such an app too in the future.
"Bitcoin: The Movie", a film about bitcoin, has had its crowdfunding page pulled just two weeks after it launched. The movie, which was to be a documentary on the socio-economic impact of the currency around the world, was raising its money using Kickstarter, the popular four-year-old crowdfunding site, based not far away from the movie team's own New York office. Andrew Wong, the entrepreneur behind the movie, launched the crowdfunding campaign on Kickstarter on July 16, and had scheduled the project to run until August 15, with a crowdfunding goal of $100,000. However, late last week,....
Kickstarter and Indiegogo aren’t suitable for modern crowdfunding according to Ram Budime, the Business Development Manager of Gok!llo, a new bitcoin-powered crowdfunding platform. CoinTelegraph spoke with Budime on their innovative approach to crowdfunding, why volatility isn’t a concern, and why traditional platforms are set to be disrupted. Gok!llo is a crowdfunding platform that uses bitcoin as a cheaper alternative to traditional payment methods increasing security and reducing costs for project originators. It is incorporated on the Isle of Man and will file for its equity....
“We are entering a significant moment for alternative governance models, and we think there's an important opportunity to advance these efforts using the blockchain,” said Kickstarter CEO Aziz Hasan and co-founder Perry Chen. Crowdfunding platform Kickstarter will be launching a new company that will eventually see its website move to a blockchain-based system on Celo. In a Wednesday blog post, CEO Aziz Hasan and co-founder Perry Chen said Kickstarter would be developing an open source protocol that will live on the Celo blockchain. The two execs cited the blockchain’s efforts in....
CoinTelegraph caught up with Mike Gropp from UK-based bitcoin trading platform BitBays to discuss its new cryptocurrency-powered “IPO” option for users, the benefits of crypto crowdfunding and where he sees the industry headed. The internet and digital money have enabled the rise of a completely new industry – online crowdfunding. But while this space has still plenty of room to grow, competition is becoming fierce as newcomers are vying for market share against current leaders (Kickstarter, Indiegogo). By offering their own unique approach to crowdfunding, these new startups are blurring....