Description
Coil is a web monetization platform leveraging the open standard of Web Monetization to stream micropayments directly to creators as users engage with their content. It utilizes the subscription model, enabling subscribers to support any content creator on the platform, regardless of the creator's audience size. With the integration of the Interledger Protocol (ILP), Coil facilitates seamless payments across different currencies and networks, ensuring creators can monetize their blogs, streaming videos, live streams, and even entire websites without relying on traditional advertisement models. Coil's system emphasizes a direct creator-consumer relationship by distributing payments based on the actual time subscribers spend with content. This approach not only provides a new revenue stream for creators but also enhances the user experience through ad-free browsing and access to exclusive content, thus supporting the economy of direct financial support from viewers to creators in the digital content landscape. Coil's initiation into the web3 and blockchain ecosystem signifies a move towards a more equitable, privacy-centric online content consumption and creation economy.
Coil is a web monetization platform leveraging the open standard of Web Monetization to stream micropayments directly to creators as users engage with their content. It utilizes the subscription model, enabling subscribers to support any content creator on the platform, regardless of the creator's audience size. With the integration of the Interledger Protocol (ILP), Coil facilitates seamless payments across different currencies and networks, ensuring creators can monetize their blogs, streaming videos, live streams, and even entire websites without relying on traditional advertisement models. Coil's system emphasizes a direct creator-consumer relationship by distributing payments based on the actual time subscribers spend with content. This approach not only provides a new revenue stream for creators but also enhances the user experience through ad-free browsing and access to exclusive content, thus supporting the economy of direct financial support from viewers to creators in the digital content landscape. Coil's initiation into the web3 and blockchain ecosystem signifies a move towards a more equitable, privacy-centric online content consumption and creation economy.
