Kickstarter to Start Blockchain-Based Crowdfunding Project: Report

Kickstarter is creating a new company to build a crowdfunding platform using blockchain technology, Bloomberg reported Wednesday.

New York-based Kickstarter will switch its existing website to this new system, providing tools for users to create a competing crowdfunding website for creative professionals. It has yet to name the new company.Development will start in the first quarter of 2022, and Kickstarter expects to transition its site at some point next year.Kickstarter has not decided who will lead the initiative and has yet to choose a blockchain provider; however, citing a company spokesperson, Bloomberg said that the company is exploring various carbon-neutral or carbon-negative options for the platform.

Read more: Kickstarter ICO? Don’t Count On It Says Crowdfunding Leader

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