Did VC invest $100 million in Kickstarter?

A new report from Fortune claims that the VC invested $100 million into Kickstarter, with the expectation that, in return for the financial boost, the crowdfunding platform would pivot its platform to a web3 infrastructure.

Did a crypto pivot sink Kickstarter?

But it certainly didn’t help. As Fortune reveals, trying to force-feed crypto onto Kickstarter’s do-gooder staff and community went over about as well as steak tartare at a PETA gala. Ultimately, the short-lived crypto pivot didn’t sink Kickstarter, though it did add more drama and strategic drift to the startup’s feckless workplace culture.

Could open-source crypto solve Kickstarter's nagging issues?

A spokesperson denied the estimate and said the company has implemented “extensive measures” to address fraud, including new detection software and processes. Crypto is creeping back into vogue thanks to skyrocketing prices, and an open-source protocol could still present a solution to Kickstarter’s nagging issues.