HomeBusinessKickstarter pulls back on...

Kickstarter pulls back on previously announced blockchain plans

Almost two years after announcing it would pivot to blockchain, Kickstarter has since moved on from those efforts. Speaking to Polygon, the popular crowdfunding website confirmed it’s now “not committed to moving Kickstarter to the blockchain.”

Even so, a representative for the site it will continue “exploring the opportunities that are in blockchain to alleviate some of the challenges that we face as a centralized crowdfunding company.”

In late 2021, Kickstarter said its move to blockchain was to make a “decentralized crowdfunding protocol,” enabling anyone to launch crowdfunding projects anywhere. Months later, it clarified that it wanted to gain feedback before fully going in on the endeavor. 

That feedback came in the form of high-profile creators leaving for other platforms and a 12.4 percent decline in tabletop project revenue. The latter makes up about one-third of Kickstarter’s backer income, which goes to show how serious folks were taking their anti-blockchain stance. 

Kickstarter’s community Council is helping to steer the platform’s future

Part of the reason for Kickstarter’s changed perspective on the controversial technology is its Community Advisory Council. The group was made up of popular users on the platform, and helped Kickstarter shift focus from blockchain to “the core business and needs of our creative community.”

As explained in a recent blog post, the Council “emphasized the importance of fully embracing our position of leadership in the crowdfunding space. […] The Council’s insights have helped us reframe our focus on the core business and provided us with invaluable perspective (ahem, tough feedback) on R&D efforts with protocol technology.”

That same blog revealed the Council “significantly contributed” to an AI policy to be revealed in the near future. Much like blockchain, AI has been controversial in spaces like Kickstarter and ArtStation, both of whom effectively agreed late last year to let AI art exist on their platforms until it became a true problem. 

At the time, Kickstarter said it would consider art made with the technology on a case-by-case basis, and would get involved if the art directly copied someone’s work or was actively harmful. 

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

Valve will soon support Android games on Steam

Valve is welcoming a new group of game devs to its...

The Game Awards’ Future Class program remains on ice

What is the future of The Game Awards' Future Class program?That...

Becoming One with Nature Takes Time and a Lot of Yoga says Pauline Jacobs

The increase in overall pollution that the planet has seen during...

Contributing to a Brighter Future by Volunterring For Environmental Societies

The increase in overall pollution that the planet has seen during...

Read Now

Valve will soon support Android games on Steam

Valve is welcoming a new group of game devs to its gargantuan PC marketplace: Android developers.Valve revealed the news in an interview with The Verge, where engineer Jeremy Selan explained that the company's preference is that players "don't even have to think about" what device hosts the game...

The Game Awards’ Future Class program remains on ice

What is the future of The Game Awards' Future Class program?That question has been on the minds of industry observers who, for the second year in a row, noticed that the Geoff Keighley-helmed organization hasn't announced a new cohort of industry professionals that "represent the bright, bold...

Becoming One with Nature Takes Time and a Lot of Yoga says Pauline Jacobs

The increase in overall pollution that the planet has seen during the past few years has impacted the planet in such a way that it caused a ripple effect to happen in various domains. This is exactly why right now is the moment in which all of...

Contributing to a Brighter Future by Volunterring For Environmental Societies

The increase in overall pollution that the planet has seen during the past few years has impacted the planet in such a way that it caused a ripple effect to happen in various domains. This is exactly why right now is the moment in which all of...

Letting Loose and Having Fun in the Rural Villages Along the Seine in France

The increase in overall pollution that the planet has seen during the past few years has impacted the planet in such a way that it caused a ripple effect to happen in various domains. This is exactly why right now is the moment in which all of...

Exploring the Coral Reefs to Understand How Pollution Has Impacted Aquatic Life

The increase in overall pollution that the planet has seen during the past few years has impacted the planet in such a way that it caused a ripple effect to happen in various domains. This is exactly why right now is the moment in which all of...

Cultivating an Entire Garden Over the Course of a Year and Growing it to Maturity

The increase in overall pollution that the planet has seen during the past few years has impacted the planet in such a way that it caused a ripple effect to happen in various domains. This is exactly why right now is the moment in which all of...

Hitchhiking from one Side of the Country to the Other while on a Tight Schedule

The increase in overall pollution that the planet has seen during the past few years has impacted the planet in such a way that it caused a ripple effect to happen in various domains. This is exactly why right now is the moment in which all of...

What Happens when you Lose Yourself in an Unknown, Foreign Country? Advice and Tips

The increase in overall pollution that the planet has seen during the past few years has impacted the planet in such a way that it caused a ripple effect to happen in various domains. This is exactly why right now is the moment in which all of...

Take a Deep Dive into the Alternate Lifestyle of Paris, France, with Kelly Laurence

The increase in overall pollution that the planet has seen during the past few years has impacted the planet in such a way that it caused a ripple effect to happen in various domains. This is exactly why right now is the moment in which all of...

A Photo Book with Andreea Martini Following her Trip from one Side of the US to the Other

The increase in overall pollution that the planet has seen during the past few years has impacted the planet in such a way that it caused a ripple effect to happen in various domains. This is exactly why right now is the moment in which all of...

Discovering a Different Side of Laura Parks in a Beautiful Place Downtown, San Francisco

The increase in overall pollution that the planet has seen during the past few years has impacted the planet in such a way that it caused a ripple effect to happen in various domains. This is exactly why right now is the moment in which all of...