Kickstarter has been at the forefront when it comes to how a big group of individuals, including strangers, can work in harmony to achieve a mutual goal by allowing people to come together to assist in bringing creative initiatives to life.
Over $6 billion has been committed on Kickstarter since 2009, funding over 200,000 creative projects that would not have been made otherwise.
These initiatives have resulted in the creation of approximately 750,000 part-time jobs, 80,000 full-time jobs, over 20,000 businesses and charities, and an extra $13.5 billion in economic benefit.
Notwithstanding the excellent figures, there is still a long queue of skilled and innovative people lining up for a chance.
Kickstarter’s objective to help bring creative projects to reality is a vow to assist people and their concepts reach their full potential.
To properly fulfill that aim, the company must expand on what made Kickstarter so groundbreaking in the first place: the strength of a broad network of individuals working together to achieve a collective objective.
Kickstarter just announced that it is devoted to a future that is more transparent, collaborative, and decentralized. As a first phase, it is funding the development of an open-source protocol that will effectively turn Kickstarter’s fundamental functionality into a decentralized form.
This will be stored on a public blockchain and will be accessible to collaborators, private contributors, and even Kickstarter opponents from around the globe to create on, link to, and utilize.
The company believes that by applying all it has learned about crowdfunding since 2009 to the development of a decentralized protocol, it will create amazing new prospects for creative ideas to be realized. A white paper describing the technology and goals for the protocol will be published in the coming weeks.
In the euphoria of decentralization, the company is forming an autonomous entity to spearhead the protocol’s development.
Kickstarter PBC will finance this recent independent company, select the first board of directors, and pledge to become one of the protocol’s first clients, which means Kickstarter will be constructed on top of the protocol. As a user, you’ll continue to have the same Kickstarter experience. Although you will not be able to see the protocol, you will benefit from its enhancements.
Furthermore, Kickstarter is building its own governance lab. Primarily, this lab will be tasked with managing the protocol governance’s development.
It will release research, share lessons learned, and basically strive to establish governance tools for the commons by publicly engaging with the famously difficult and crucial aims of good governance.
The company also believes that alternative governance models are at a critical juncture and that the blockchain offers a tremendous chance to further these initiatives.
Camille Canon, Co-founder and current executive director of Purpose Foundation (US), a non-profit dedicated to developing and growing alternative ownership and governance structures, will lead this lab.
Celo, an open-source and carbon-neutral blockchain platform, was also picked as the finest technology and community on which to create the protocol.
The Celo ecosystem’s conscientious approach to designing the technology they want to see in the globe has therefore influenced it.
The blockchain, like the internet in the early 1990s, is a fledgling technology whose history has yet to be written. Celo’s initiatives to reduce the environmental effects and concentrate on worldwide connectivity via blockchain access using mobile devices.
Kickstarter is convinced that in the future years, vast portions of the internet will be rebuilt from the bottom up by open and decentralized networks of participants who engage in the technology’s design, function, governance, and even ownership.
The firm also feels that assisting in the development of infrastructure and technologies that aid in the realization of creative initiatives is a vital and fascinating method for it to fulfill its goal.
Don’t miss important articles during the week. Subscribe to blockbuild weekly digest for updates.