Indiegogo, one of the well-known crowdfunding platforms announced that they would start the process of facilitating ICOs through their platform. This elicited attention to Kickstarter, the popular crowdfunding company that is known to have raised billions of dollars for projects. It was expected that Kickstarter would naturally get involved by making their platform a launchpad for ICOs, but it doesn’t seem as if that would happen anytime soon, if ever.
The company that has helped source $3.04 billion in crowdfunding for projects was firm in its stance that they have no plans to get involved in the facilitation of ICOs in any form. The spokesperson for the Kickstarter said that the platform has a defined mission based on five pillars, one of which is to reify creative projects. And another a focus on the promotion of the arts.
Kickstarter made it up to the $1 billion milestone in 2014 and has gone ahead to raise $3.04 billion by 2017. The total amount raised by all ICO till date is $3.8 billion. The company said that their target isn’t strictly profit making. That was why it was reincorporated as a public benefit corporation. These are corporations whose aim is to be of social benefit to the public as well as meeting up with profit for stakeholders.
One of the founders said that they do not plan to leverage the Kickstart unique structure and wade into ICO sponsorship. He likened shareholding in Kickstarter to owning rights to an intellectual property. As a company with the record of successes in crowdfunding, the blockchain community would have expected the platform to work along the popular ICO path, but it seems their vision is set in stone.