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Kickstarter to Transition to Blockchain Platform

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Wed, 12/08/2021 - 20:09
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Alex Dovbnya
Crowdfunding platform Kickstarter is going all-in on blockchain
Kickstarter to Transition to Blockchain Platform
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According to a Bloomberg report, crowdfunding service Kickstarter will move its website to a blockchain, fully embracing the new technology.

It will create a blockchain-powered crowdfunding platform that will gradually replace the existing one without affecting the user experience.

The transition is expected to happen next year, with co-founder Perry Chen describing it as a “big decision.”      

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Kickstarter will also overhaul its governance by creating a new independent entity that will have control over the protocol.

The leading crowdfunding platform has helped to finance many promising projects since launching in 2009, including the Oculus VR headset.

Not all companies have stuck around. Smartwatch maker Pebble raised a record-breaking $20 million in 2015, but the project died in 2018.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.