The announcement suggests that Kickstarter has every intention of running its own website on this new application once it’s ready, but, if all goes to plan, users shouldn’t see a difference. Kickstarter appears set to do the same for crowdfunding. Very little is known about what the company will do, but it sounds like it will take a page from STEEM’s book, which made a flexible blockchain application for social media and blogging. This will live on a public blockchain, and be available for collaborators, independent contributors, and even Kickstarter competitors, from all over the world to build upon, connect to, or use.” As a first step, we’re supporting the development of an open source protocol that will essentially create a decentralized version of Kickstarter’s core functionality. “Today we’re announcing our commitment to a more open, collaborative, and decentralized future. In describing its decentralization plan, founder Perry Chen and CEO Aziz Hasan wrote in the full announcement: Despite all of its success, Kickstarter has declined to do either, but tokenization has created a new business model for tech startups, and a new way for their backers to cash out. Investors have typically gotten their paydays one of two ways: the companies they back either go public or get acquired by a bigger company. It’s very possible that decentralization is a way for Kickstarter’s investors to reap the returns that have eluded them throughout the rise of the Brooklyn-based tech company, which was founded in 2009. But a close look at Kickstarter’s history suggests something else. The fact that one of the best known brands on the internet is looking at adopting a blockchain strategy further cements the idea that Web2 giants are starting to take web3 seriously. 8 that it would begin work on a decentralized crowdfunding platform on the mobile-friendly Celo blockchain. Kickstarter, the crowdfunding leader, announced on Dec. Are governance tokens a public market by another name?
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