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One of the leading crowdfunding firms, Kickstarter will abandon its current business model and shift to Blockchain based-firm. The new firm will be built on top of Celo blockchain funded by Kickstarter.
The Crypto market is attracting a lot of institutions by offering a solution to their problems. One of the leading crowdfunding platforms on the market, Kickstarter has decided to enter into blockchain and cryptocurrency. The firm has revealed its plans for the future in a blog post published recently. The title of the blog post is “The Future of Crowdfunding Creative platform”. The firm liked the idea of decentralization in crypto.
Kickstarter will abandon its current business model:
Kickstarter will abandon its current business model and shift to a blockchain-based marketplace. The firm has elaborated further by saying:
[The platform will] be available for collaborators, independent contributors, and even Kickstarter competitors, from all over the world to build upon, connect to, or use.
The newly designed platform will also be open-source, so other similar projects will be able to fork it and use it for different goals, bringing this solution to the whole developer community; this means the community will have tools to create crowdfunding sites with no intermediation. The company further explained that a whitepaper for the new organization will be released in the coming weeks.
Kickstarter will abandon its current business model and a new model will be built on top of the Celo blockchain. New governance will be formed to check on the progress of the project and it will also work to minimize the environmental impact of the project.
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