Kickstarter, New York City, a US-based crowdfunding platform, is redesigning its founding technology and upgrading it with more modern elements. According to reports, the platform is transitioning to a protocol supported by blockchain technology that is accessible to anyone and everyone. Founded in 2009, the company is dedicated to bringing creative projects such as films, music, video games and publications to life using crowdsourced funds. This blockchain protocol, which is open to all, provides the tools necessary to build a crowdfunding website like Kickstarter itself.
“As a first step, we are supporting the development of an open source protocol that will essentially create a decentralized version of the core functionality of Kickstarter. This will live on a public blockchain and be available for collaborators, independent contributors, and even Kickstarter competitors from around the world to build on, connect or use, ”Kickstarter wrote in an official blog post.
As part of this major functional transition, Kickstarter is assembling an independent organization to continue developing the blockchain protocol. The name of this organization is still open for the time being.
The funding and appointment of a board of directors for this project will also be led by Kickstarter, who will be the first customer to use this upcoming blockchain-based crowdsourcing system. When the minutes are ready, Kickstarter will also move its website (kickstarter.com) to the renovated infrastructure.
In Kickstarter’s new governance lab, the protocol is built on an environmentally friendly open source blockchain network called Celo.
“Like the internet in the early 1990s, blockchain is an emerging technology whose history is not yet written. Celo’s efforts to minimize environmental impact (and focus on global accessibility through mobile access to the blockchain) remind us that the best way to get better systems is to build better systems, ”the blog said Written by Kickstarter founder Perry Chen and co-authored by CEO Aziz Hasan.
Twitter also reportedly plans to develop a decentralized open source social media system called Bluesky and has been working on it since 2019.
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