Applications and Use Cases

Kickstarter Announces Plans For A Completely Decentralized Platform


December 09, 2021

According to a recent article from Verge, global crowdfunding platform Kickstarter recently revealed plans to develop an open-source protocol, which will be used to create a decentralized version of Kickstarter’s original business model. 

Kickstarter CEO Aziz Hasan and Founder Perry Chen released a joint blog post earlier this week, which offers some detailed insights as to how the open-source protocol will play a part in the company’s future development.  

“Our mission to help bring creative projects to life is a pledge to help unlock this latent potential in people and their ideas. To truly serve that mission, we need to build on what made Kickstarter so innovative in the first place: the power of a large network of people working together towards a common goal.” the blogpost states. 

Hasan and Chen explain how the collaborative spirit of Kickstarter’s approach to funding creative projects makes the open-source protocol a natural fit for the company’s future trajectory, making it possible for virtually anyone to build upon and use without limitation. They also discuss how the upcoming open-source procol will be created by an independent, unnamed governing organization, and will be built on the eco-friendly Celo blockchain. 

Kickstarter is far from the first tech company to consider a decentralized approach. In 2019, Twitter revealed similar plans, announcing the creation of Project Bluesky, a decentralization project intended to create an online standard for social media. However, progress has been minimal since the project was announced. 

As part of this new project, Kickstarter will be responsible for funding, and will appoint a board of directors to oversee development. Additionally, Kickstarter will be one of the first clients of the protocol once completed. 

Join The Blockchain Event In Fort Lauderdale, Florida from February 8-11 to hear from industry experts about how blockchain technologies are  redefining online collaborations and business progress. 

 


Edited by Luke Bellos

HOME


FEATURED RESOURCE


Social media is impacting the value of your cryptocurrency. This cross-platform audit will show how to improve consumer and influencer sentiment.

CONTACT US