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
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Millions in crypto wealth at risk of vanishing when holders die. Here's how to protect them
Without proper planning, inherited crypto can easily be lost to delays, missing keys or fiduciaries unfamiliar with the asset class, experts warn.
What to know:
- Crypto holders can take a few steps to prevent their assets from disappearing forever when they pass away.
- Without proper planning, inherited crypto can easily be lost to probate delays, missing private keys, or fiduciaries unfamiliar with the asset class.
- Even with improved regulatory clarity, crypto adds complexity beyond what many in the advisory space are accustomed to.
Top Stories
