From the middle of the article:
The Fortune report claims that Kickstarter’s controversial plans to move theplatform onto the blockchain in 2022 - which were met with no shortage of backlash from creators and consumers alike, and triggered an exodus of creators to rival platforms - came in the wake of a secret $100 million round of investment led by a16z, the crypto fund of venture firm Andreessen Horowitz.
I can't believe I'm going to ask this really dumb question here, but, err, umm...
...What's blockchain?
Hides behind shield.
Blockchain is a data structure. It’s immutable, which means once you write to it, it can’t be unwritten. It’s distributed, which means it exists across a network of computers instead of just existing on one. And it’s public, which means everything written to it is readable by anyone who gets a copy of it (in other words, it’s not encrypted or kept a secret).
In my opinion, there’s no project using a blockchain that wouldn’t be accomplished better with a different data structure which has different characteristics. But obviously crypto fans beg to differ.
Libertarians have clearly never normalized faulty data entry work. Immutable data with no mechanism for fixing mistakes? What a joke.
