The $100M Deal for Kickstarter to use Blockchain
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Re: The $100M Deal for Kickstarter to use Blockchain
#2Re: The $100M Deal for Kickstarter to use Blockchain
#3https://www.web3isgoinggreat.com/?id=kickstarter-continues-w...
Back in 2022:
> Kickstarter's COO, Sean Leow, did an interview with The Beat to discuss the announcement. He seemed to be a little bit confused on the whole concept throughout, and seemed to believe that "open source" is some sort of competing idea to blockchains. At one point he stated, "We believe that that data can be structured in a way through a blockchain where it ... can move in a much more efficient and effective way between services ... in a way that open source doesn't allow". Later in the interview he spoke about governance, saying, "our understanding is that [governance] is done more effectively with blockchain then with open-source."
Re: The $100M Deal for Kickstarter to use Blockchain
#4I think this is what a lot of people don't get about taking funding from a VC:
> The grand but improbable plan called for shifting its entire platform onto a blockchain called Celo, another a16z portfolio company
(emphasis added)
I was at an advertising startup which got a massive investment from SoftBank. One of the people involved in signing the deal told me that the main benefit wasn't the $$$; it was that the other companies which were funded by SoftBank would be encouraged to use our services. And, of course, we in return would use our stablemates' services where we could.
Yes, money is nice. But becoming part of a mutually-reinforcing collective is the real prize.
In this case, it was obviously an attempt to stimulate a market into existence. We should all be grateful it failed!
Re: The $100M Deal for Kickstarter to use Blockchain
#5> The blockchain plan seemed impossible—and that would soon prove to be the case.
As is tradition.
(Did any company _ever_ launch anything borderline successful with The Almighty Blockchain(TM) that wasn't just some sort of token?)
Re: The $100M Deal for Kickstarter to use Blockchain
#6Ah Kickstarter. I see why they tried the blockchain thing, but it probably wasn't the best decision for that particular company given their audience's utter disdain for crypto and web 3 in general.
As for this:
> The biggest problem for Kickstarter, though, may be that time has simply passed it by. “I feel like they just were left in the dust culturally"
I'm not sure that's really the whole story. The story (at least from what I can tell) is just that crowdfunding has developed a terrible reputation due to all the scams and failed promises from big name projects there, so people don't really take it seriously anymore. The rise in popularity for things like Patreon isn't a replacement for that, it's a move to a setup where creators are expected to show their work on a regular basis and provide an actual return on investment on a shorter timeframe than 'whenever it's ready'.
Re: The $100M Deal for Kickstarter to use Blockchain
#7> The blockchain plan seemed impossible—and that would soon prove to be the case. As is tradition. (Did any company _ever_ launch anything borderline successful with The Almighty Blockchain(TM) that wasn't just some sort of token?)
> "Did any company _ever_ launch anything borderline successful with The Almighty Blockchain(TM) that wasn't just some sort of token?"
No. But that only makes the goal more alluring:
"We could be the first company to make this work and unlock the untold riches of Blockchain as foretold by prophecy and the iron will of cryptographic destiny!"
Enough venture capitalists seem to have the faith too, to keep the money flowing despite lack of traction.
Blockchain is really the Philosopher's Stone for people who believe software is some kind of alchemy.
Re: The $100M Deal for Kickstarter to use Blockchain
#8Ah Kickstarter. I see why they tried the blockchain thing, but it probably wasn't the best decision for that particular company given their audience's utter disdain for crypto and web 3 in general. As for this: > The biggest problem for Kickstarter, though, may be that time has simply passed it by. “I feel like they just were left in the dust culturally" I'm not sure that's really the whole story. The story (at least…
"The story (at least from what I can tell) is just that crowdfunding has developed a terrible reputation due to all the scams and failed promises from big name projects there, so people don't really take it seriously anymore."
Sounds like a great fit for crypto!
Re: The $100M Deal for Kickstarter to use Blockchain
#9When will Kickstarter pivot to AI?
Re: The $100M Deal for Kickstarter to use Blockchain
#10> The blockchain plan seemed impossible—and that would soon prove to be the case. As is tradition. (Did any company _ever_ launch anything borderline successful with The Almighty Blockchain(TM) that wasn't just some sort of token?)
I knew a guy who was trying to launch a DAO backed space based solar company. I'm pretty sure it went absolutely no-where.