Kickstarter to move crowdfunding platform to blockchain

Kickstarter to move crowdfunding platform to blockchain

Kickstarter to move crowdfunding platform to blockchain Eurogamer.net If you click on a link and make a purchase we may receive a small commission. Read our editorial policy. Kickstarter to move crowdfunding platform to blockchain An "open, collaborative, and decentralised future". News by Ed Nightingale News reporter Updated on 9 Dec 2021 46 comments Kickstarter plans to move its crowdfunding platform to blockchain. In a blog post, the company detailed plans to develop a "decentralised crowdfunding protocol" so people can "launch and fund creative projects anywhere" across the web. Essentially Kickstarter's core functionality will be made open source and live on a public blockchain hosted by Celo, a carbon-negative public blockchain platform, to allow access for users across the world. Watch on YouTube Kickstarter was used to crowdfund Shenmue 3. "This openness enables everyone who is interested in the promise of crowdfunding to help build its future and have a say and stake in how it works," reads the blog post. "Blockchain will also open the potential to be rewarded for contributing to the systems that you use everyday." This new open crowdfunding system is yet to be named but will be an independent organisation with some initial funding from Kickstarter. Kickstarter itself will then switch over to the new infrastructure once built. The front end experience of Kickstarter will remain the same. "We believe decentralisation will result in innovation like we've never seen before, and that it's key to the future of crowdfunding. We're excited to be working towards that future - as always, in service of our mission to help bring creative projects to life," reads the blog post. A statement by Perry Chen, Founder and Chair, and Aziz Hasan, CEO, gives further details. "Like the internet in the early 1990s, the blockchain is a nascent technology whose story is not yet written. Celo's efforts around minimising environmental impact (and focus on global accessibility through mobile access to the blockchain), reminds us that the best way to get better systems is to build better systems." Kickstarter's platform, which launched in 2009, has been involved in the funding of a number of high profile games, from Undertale, to Shenmue 3, The Banner Saga, and the unreleased Star Citizen. However, the platform has seen diminishing use more recently. Crowdfunding projects are now often run through blockchains into distributed autonomous organisations (DAOs). It's hoped that Kickstarter's move to the blockchain will help it regain some relevancy. Read Chen and Hasan's statement in full here. Become a Eurogamer subscriber and get your first month for £1 Get your first month for £1 (normally £3.99) when you buy a Standard Eurogamer subscription. Enjoy ad-free browsing, merch discounts, our monthly letter from the editor, and show your support with a supporter-exclusive comment flair! Support us View supporter archive More News Google announces cloud gaming Chromebooks less than a fortnight after Stadia shutdown GeForce Now preinstalled. 4 Atari will hold RollerCoaster Tycoon rights for another decade Ups and downs. 7 Lady Dimitrescu will be a tad smaller in Resident Evil Village's Mercenaries DLC Level the playing field. 1 Overwatch 2 suffers another DDoS attack and character roster bugs Mei Mei. 13 Latest Articles Digital Foundry Nvidia GeForce RTX 4090: a new level in graphics performance The Digital Foundry video review - and how the new GPU champion delivers for 4K 120fps gaming. Feature Evercore Heroes wants to wind people up the right way "There's less rage at them, because they didn't end your fun." Google announces cloud gaming Chromebooks less than a fortnight after Stadia shutdown GeForce Now preinstalled. 4 Genshin Impact Path of Gleaming Jade dates, login event rewards Including other anniversary rewards and how to claim them. Supporters Only Premium only Off Topic: Take a minute to appreciate Cookin' with Coolio's incredible scallops recipe. What a great book. Premium only Off Topic: Reading City of Glass in comic form "Where exactly am I going?" Premium only Off Topic: Il Buco is a transporting film about a really big hole Underlands. Off-Topic Netflix handled Sandman brilliantly It was Dreamy. 9 Buy things with globes on them And other lovely Eurogamer merch in our official store! Explore our store
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