Crowdfunding platform Kickstarter will switch to blockchain-based model-
Crowdfunding platform Kickstarter will switch to blockchain-based model-
Kickstarter, one of the leading crowdfunding platforms on the market, has decided to give up their current business model and to migrate to a blockchain-based platform. This is created by an independent organization that was originally financed by Kickstarter to work on the protocol. The new platform will build on the Celo Blockchain.
Kickstart for a blockchain substitute
Kickstarter, a crowdfunding platform for products, services and ideas, announced yesterday that she would move your company to a blockchain-based platform. This announced the platform in a blog Post the main reasons for the pivot. According to Kickstarter:
The redesigned platform will also be open source, so that other similar projects can be forked and use for different goals in order to make this solution accessible to the entire developer community. This means that the community has tools for creating crowdfunding sites without mediation. The company further explained that a white paper will be published for the new organization in the coming weeks. Other large companies have recently been Developments.
New platform and governance
The Kickstarter team believes that his crowdfunding expertise will enable him to create a blockchain-based protocol that better meets his needs. The new protocol is created by an independent organization that was originally financed by Kickstarter. Kickstarter will also set up a governance lab that is responsible for monitoring the governance methods for the protocol. This laboratory will carry out research and publish communications about the best ways to manage the new protocol using blockchain tools, including daos
The crowdfunding protocol is used on Celo, a smart contracts-capable, "carbon-negative" blockchain (due to the proof-of-stake consensus-salgorithm). Kickstarter explained that Celo will minimize the environmental impact of the protocol. Celos price also benefited from the unveiling and after the announcement rose to 4.48 US dollar. Since then, the price has fallen to $ 3.93 and moves alongside Bitcoin, Ethereum and most cryptocurrencies that currently have losses.
However, some users have expressed themselves very loudly on social media that they did not like this decision, and explained that they are not consciously of the advantages that such a change could bring for the platform, and criticize the possible Environmental effects.
What do you think of the changeover from Kickstarter to blockchain? Tell us in the comment area below.
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