Patreon to explore expansion into crypto realm
Patreon to explore expansion into crypto realm
The online content creator platform is seeking feedback near a possible "social token or creator coin."
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Patreon executives again teased their company's expansion into the world of crypto at a 2022 Creator Economy Summit past The Information panel. Patreon CEO Jack Conte appeared with chief product officer Julian Gutman, proverb:
"I really dearest the idea of creators owning their media and owning their content. [...] I love the idea of shifting power away from institutions and toward private creative people."
Conte noted that while the platform doesn't currently have full-time employees focused on cryptocurrency, it was considering hiring them. Gutman went on to say, "I think for us, really thinking through how we're standing to ensure we're creating a sustainable recurring hereafter for creators is why we're evaluating the crypto space more broadly."
These statements follow last month'south announcement that the company was seeking feedback from its clients well-nigh the possibility of launching a breator coin/social token. On a live stream, Patreon head of policy Lauren Crentshaw said:
"Nosotros've heard from a number of creators who take been interested in the opportunity to offer exclusive memberships and benefits to their patrons through a money or token, a digital item that they tin can agree onto that shows that they are role of your fan society."
Patreon's electric current terms of service specifically prohibit using the platform to sell cryptocurrencies outside of the sphere of personal investment advice.
In 2022, libertarian talk show host Dave Rubin switched from Patreon to accepting donations in Bitcoin due to what he perceived equally censorship on the platform's part. Last calendar month, Twitter rolled out a crypto donation characteristic that integrated with many web-based applications, including Patreon.
Source: https://cointelegraph.com/news/patreon-to-explore-expansion-into-crypto-realm
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