Molly WhiteMar 11, 2024

Kickstarter's bizarre blockchain announcement in December 2021 makes so much more sense now that we know Andreessen Horowitz secretly promised them $100 million to pivot to a blockchain-based product built on the also-a16z-backed Celo blockchain.

At the time, I wondered why COO Sean Leow was so insistent on the move despite being apparently very confused about the whole concept.

https://fortune.com/crypto/2024/03/11/kickstarter-blockchain-a16z-crypto-secret-investment-chris-dixon/
(archive: https://web.archive.org/web/20240311124253/https://fortune.com/crypto/2024/03/11/kickstarter-blockchain-a16z-crypto-secret-investment-chris-dixon/)

#AndreessenHorowitz #crypto #blockchain #kickstarter

The untold story of Kickstarter’s crypto Hail Mary—and the secret $100 million a16z-led investment to save its fading brand

Inside the once-hot startup’s struggle to regain relevance despite a massive check from the crypto arm of venture giant Andreessen Horowitz.

Fortune
Show threadEniko (moved ➡ gamedev.place)Mar 11, 2024
@molly0xfff awesome. glad to know exactly which billionaire has been behind screwing up my life for the past few years (we decided not to do a kickstarter because of the crypto shit)
Show threadDoctor M. Popular
@eniko @molly0xfff same here. I had two game projects and one yo-yo project planned, but cancelled them all when Kickstarter tried pivoting to the blockchain. I lost all trust in the company and didn't want to put my fans and followers at risk by using them anymore. KS was such a great tool for me as an artist and I'm still so sad to see how they ruined their reputation overnight.
Mar 11, 2024 at 10:58pmWeb
Show threadEniko (moved ➡ gamedev.place)Mar 12, 2024
@docpop well they did recently finally walk it back, so maybe you could use it again now