Wednesday, June 26, 2019 12:34:39 PM
https://www.coindesk.com/imgur-raises-20-million-from-ex-ripple-ctos-micropayments-startup
This today from Daniel Kuhn (linked from the latest crypto news on TradingView)
Imgur, a popular image hosting site, revealed it has received $20 million in venture equity from Coil, a micropayments tool for content creators.
In addition to the funding, Imgur has agreed to build Coil into its platform, which receives 300 million monthly users, to provide micropayments to users who view content, according to a report from TechCrunch.
The partnership will also be marked by a forthcoming premium Imgur membership with exclusive features and content for Coil subscribers. A $5 per month Coil subscription funds creators per second that the subscriber spends consuming their content at a rate of 36 cents per hour.
“Imgur began in 2009 as a gift to the internet. Over the last 10 years we’ve built one of the largest, most positive online communities, based on our core value to ‘give more than we take’” Alan Schaaf, founder and CEO of Imgur, said in a press statement. “Coil’s technology will open up new opportunities for users to give to one another and support the community in new ways.”
Coil was founded last year by Stefan Thomas, the former chief technology officer of Ripple Labs, as a means to pay creators for their labor. It’s subscription service is now in open beta, and it provides extensions for Chrome and Firefox.
Comparable to Spotify, Coil’s Web Monetization API automatically pays creators in XRP based on usage, while the user enjoys the flat subscription fee.
Thomas will join Imgur’s board. Imgur previously received $40 million Series A from Andreessen Horowitz and Reddit.
Coil’s investment stems from Ripple Labs’ Xpring Initiative, which aims to fund proliferation of the Ripple XRP ecosystem. Imgur received US dollars in the funding deal.
I had to highlight that last sentence; let the FUD continue! : - ) But keep it clean. No reason for FUD slinging to become mudslinging.
My new goal in life is to be interviewed by Chantel Elloway. When that happens, my comments will be story, observation, opinion, maybe even enthusiasm. What I say will never be instructions on how you should risk your money. Same goes for these posts.
Recent XRPUSD News
- Price analysis 9/25: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB • Cointelegraph • 09/26/2024 12:06:56 AM
- XRP Price Explosion Finally In The Cards as Grayscale XRP Trust Turns Game-Changer For XRP-Based ETF • ZyCrypto • 09/25/2024 09:19:12 PM
- XRP Price Remains in Range: Can It Escape the Consolidation? • NEWSBTC • 09/25/2024 07:00:07 AM
- Ethereum ETFs See Largest Outflows Since July: Is Waning Institutional Demand Hurting ETH? • NEWSBTC • 09/25/2024 03:30:35 AM
- XRP Poised For ‘Massive Mega Pump’ After 540 Days of Consolidation, Predicts Crypto Analysts • ZyCrypto • 09/24/2024 09:37:50 PM
- XRP Remains Bullish: Crypto Experts Unveil Predictions For The Price • NEWSBTC • 09/24/2024 05:00:49 PM
- Massive XRP Rally Incoming? Analyst Predicts 220% Price Jump – Details • NEWSBTC • 09/24/2024 03:30:41 PM
- XRP Price Defends Support: Will Bulls Take Over? • NEWSBTC • 09/24/2024 04:18:39 AM
- XRP $0.60 Triangle Breakout Could Ignite Parabolic Rally – Key Levels To Watch • NEWSBTC • 09/23/2024 06:30:00 PM
- XRP Price Could Soon Surge: Can Bulls Fuel the Rally? • NEWSBTC • 09/23/2024 04:28:47 AM
- Ripple CTO Denies XRP Price Suppression Accusations, Claims He Would Raise Price If He Could • ZyCrypto • 09/22/2024 05:19:13 PM
- Avalanche (AVAX) Could Rise 50% If It Breaks $28 Resistance – Crypto Analyst • NEWSBTC • 09/22/2024 02:00:17 PM
- Tether (USDT) Surges With Massive Inflows, Closing In On Historic $120 Billion Market Cap Milestone • NEWSBTC • 09/22/2024 12:00:42 PM
- Ripple’s XRP Whales Scoop 380 Million Coins As Community Banks On Gargantuan ‘$27 XRP Price’ • ZyCrypto • 09/21/2024 04:04:54 PM
- Bitcoin Indicator Signals ‘Shift To Bullish Territory’ – Can BTC Break Past $65,000? • NEWSBTC • 09/21/2024 04:00:16 PM
- Crypto Whales Buy $228 Million In XRP Following $5 Price Prediction • NEWSBTC • 09/21/2024 02:00:06 PM
- Indian Supreme Court recovers YouTube account from XRP scammers • Cointelegraph • 09/21/2024 01:24:00 PM
- Bittensor (TAO) Unstoppable Uptrend: Soars 40% As Experts Forecast Future Price Gains • NEWSBTC • 09/21/2024 08:30:41 AM
- Kamala Harris Allegedly Working On Crypto Policies With Industry Advocates – Scaramucci • NEWSBTC • 09/21/2024 05:30:27 AM
- Grayscale XRP Trust Surges 11.44% One Week After Launch, Here’s The Catalyst • NEWSBTC • 09/20/2024 11:30:50 PM
- Bitcoin ETFs Attract $158 Million Inflows; MicroStrategy Expands Holdings by 7,420 BTC Purchase; PancakeSwap Unveils v4 • IH Market News • 09/20/2024 08:10:09 PM
- Price analysis 9/20: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB • Cointelegraph • 09/20/2024 05:42:14 PM
- Indian Supreme Court’s YouTube Channel Hijacked To Promote Ripple’s XRP • ZyCrypto • 09/20/2024 05:31:45 PM
- Ripple Whales Accumulate Over 380 Million XRP in Just 10 Days: Is A Breakout Near? • NEWSBTC • 09/20/2024 04:00:08 PM
- XRP Price Surge Could Hit 9,470% — Analyst Predicts $27 Target In Bold Forecast • NEWSBTC • 09/20/2024 01:00:04 PM
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM