Patreon 'evaluating' cryptocurrency, let you reward creators in crypto

Patreon says that it is 'evaluating' the use of cryptocurrency, could allow users to reward creators with 'creator coins'.

@anthony256
Published Sun, Oct 31 2021 10:51 PM CDT   |   Updated Sat, Nov 27 2021 9:11 PM CST

Patreon could soon allow users to reward their favorite creators with cryptocurrency, with the company reportedly "evaluating" the use of cryptocurrency according to Patreon executives.

Patreon 'evaluating' cryptocurrency, let you reward creators in crypto 05 | TweakTown.com

At the recent The Information's summit, Patreon executives Jack Conte and Julian Gutman said that Patreon was "evaluating" the use of cryptocurrency. They reiterated a previous hint of "creator coins" that the company could have, which would let users buy to show support to their favorite creators.

Better yet, you could invest in a creator and if they get bigger, you are rewarded -- alternatively, having coins of your creators would give you access to special content reserved just for those coin holders. Conte wouldn't dive into what he and his company had been working on when it comes to Patreon + crypto, but they did talk about the possibility of letting creator coins become a reality soon.

We could see Patreon expand into both cryptocurrency and NFT (non-fungible token) very fast, so we'll have to see how quickly Patreon changes in 2021 but I'm sure it's going to be quite rapid with crypto + NFTs.

NEWS SOURCE:engadget.com

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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