Kickstarter Decides Against Potential Blockchain Move.
13 Aug 2023, 08:00
Kickstarter Decides Against Potential Blockchain Move
Two Decembers ago, project funding platform Kickstarter announced it was considering a shift to blockchain, and that it was potentially looking into placing all its operations atop the same distributed ledger technology that has grown so close with digital assets.
Kickstarter Says “No” to BlockchainNow, however, it appears this move is not going to happen. Kickstarter recently hired a new group of board members that have decided against the blockchain switch. They’re instead committed to the “core business and needs” of the creative community using and supporting Kickstarter. A spokesperson for the company said in a statement:
As we’ve shared with our community in previous blog posts, we’re exploring the opportunities that are in blockchain to alleviate some of the challenges that we face as a centralized crowdfunding company. However, we’re not committed to moving Kickstarter to the blockchain or doing anything specific there. We are open to exploration and experimentation but want to do it in a way that feels tested, collaborative with our community, and considerate of the experience[s] they want from Kickstarter.