Kicking It Up a Notch: Kickstarter Goes Blockchain
In a surprising yet thrilling announcement, Kickstarter is set to launch a new venture that will ultimately revolutionize its crowdfunding platform by transitioning to a blockchain-based system on Celo. In a blog post that had enthusiasts buzzing, CEO Aziz Hasan and co-founder Perry Chen expressed their excitement about developing an open-source protocol that will be housed on the Celo blockchain. But why Celo, you ask? Well, it’s not just because it sounds cool; it’s carbon-negative too. Because saving the planet is definitely in vogue right now.
Goodbye Traditional? Hello Decentralization!
The move to blockchain signifies more than just a tech upgrade; it represents a significant shift towards alternative governance models in the crowdfunding world. “We are entering a significant moment for alternative governance models…” noted Chen and Hasan. Dreaming about the power to be an active participant in the decision-making of what gets funded? This could be your chance!
What’s Next: The Migration Plan
Now, before you go throwing confetti, let’s talk logistics. Bloomberg reported that Kickstarter is planning to migrate its website to this new blockchain platform sometime in 2022. And don’t panic, longtime users! The migration won’t affect the millions currently using the platform to fund all sorts of creative adventures — from artwork to fitness gadgets. Kickstarter aims to keep the crowdfunding engine humming smoothly.
Setting Up for Success: The Governance Lab
Additionally, a governance lab is in the works to supervise the development of the protocol governance. This initiative will be helmed by Camille Canon, executive director and co-founder of the Purpose Foundation. Think of it as the think tank for crowdfunded future innovations — these folks are serious about getting it right!
Crowdfunding Meets DAOs: An Unforeseen Shift
As Kickstarter starts munching on the blockchain cookie, other projects that once used the platform are venturing into the wild world of decentralized autonomous organizations (DAOs). A notable example was ConstitutionDAO’s audacious attempt to buy a first edition print of the U.S. Constitution. Although they didn’t land the winning bid, the 17,437 backers came away with governance tokens — talk about a consolation prize!
A Walk Down Memory Lane: Kickstarter’s Legacy
Launched back in 2009, Kickstarter has become a titan in the crowdfunding arena, with over 21 million people pledging more than $6 billion to back a staggering 213,034 projects. From innovative fitness equipment like the Peloton bike to the revival of the film ‘Veronica Mars,’ Kickstarter has paved the way for many creative projects to see the light of day.
