Kickstart Announces Plan to Convert to a Blockchain Platform

Not everything needs to be made of crypto. But trend-tracking executives love the buzzword. Which is why it shouldnt be such a surprise to hear that Kickstarter is converting their crowdfunding platform over to a blockchain.

Kickstarter recently released a blog post, announcing the development of a new blockchain protocol for the company, based on the Celo blockchain. They claim that this will make it possible for people to launch and fund creative projects anywhere, whether its on Kickstarter.com or someplace else on the web.

They clarified that backer projects will still accept standard real-money contributions, and that the Kickstarter experience you're familiar with will stay the same.

Its not exactly clear how this transition will actually benefit anyone. The only explanation given is a vague remark about the potential of it.

Since everyone is invited to help contribute to the protocol and participate in the ecosystem, a wider array of good ideas will surface about how to transform crowdfunding for the better. As a result, more creative projects will ultimately find the tools and resources they need.

Response to this decision, however, has not been good. Numerous folks have expressed a complete unhappiness with this decision, believing it to be an unnecessary change that further feeds a volatile and generally negative platform. Many users, both backers and project managers, have declared their own boycotts of the service while they continue to support crypto based business decisions.

Frankly speaking, we dont understand why theyd make this change, either. Short of inviting people to try and crowdsource their own crypto-coins or NFT (which literally no one needs), we dont see how this would actually help anyone looking for crowdsourcing. If we had to guess, this was a decision made by high level executives who simply hear the word blockchain enough to think they need one. That or they intend to do some weird money laundering or tax evasion with the platform. Either way, none of it is good.