Share this article
Kickstarter to Start Blockchain-Based Crowdfunding Project on Celo
The crowdfunding platform will eventually move its existing website to the new protocol.
Updated May 11, 2023, 3:59 p.m. Published Dec 8, 2021, 7:41 p.m.
Make us preferred on Google
Kickstarter is creating a new company to build a crowdfunding platform on the Celo blockchain, the company said in a blog post on Wednesday.
- In order to serve its mission of allowing as many people as possible to pursue their creative projects, Kickstarter said it is developing an open source protocol to create a decentralized version of its platform’s core functionality.
- The protocol will live on the carbon negative blockchain platform Celo and be available for collaborators, contributors and even crowdfunding competitors to build on and use.
- New York-based Kickstarter said it chose Celo because of “its efforts around minimizing environmental impact (and focus on global accessibility through mobile access to the blockchain).”
- Once the protocol is ready, Kickstarter will switch its existing website to the new system.
- The company is also establishing a governance lab led by Camille Canon, co-founder and most recently executive director of Purpose Foundation, to oversee the protocol’s development.
- Bloomberg first reported the story on Wednesday. According to Bloomberg, development of the new protocol will start in the first quarter of 2022, and Kickstarter expects to transition its site to the protocol sometime in 2022.
UPDATE (Dec. 8, 20:26 UTC): Updates with information from Kickstarter, including the choice of Celo as the blockchain platform.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
Robinhood is investing in crypto trading platform Talos at $1.5 billion valuation
The $45 million Series B extension also includes participation from new strategic investors Sony Innovation Fund, IMC, QCP and Karatage.
What to know:
- Robinhood is investing in Talos in an extended Series B funding round valuing the firm at about $1.5 billion.
- Talos provides institutional-grade crypto trading infrastructure, serving hundreds of clients globally and asset managers representing roughly $21 trillion in AUM.
- The round highlights growing demand for crypto market infrastructure, as Robinhood deepens its blockchain strategy and Talos continues to scale through M&A.
Top Stories
