Ripple’s Xpring has made a 1 billion XRP grant in Coil, a platform dedicated to reimagining monetization on the web for creators and their fans. The funds will be use to drive adoption of XRP and the Interledger Protocol (ILP) via Coil's monetization platform.
"Creators want more choice and control over how their content is monetized and distributed," Stefan Thomas, CEO and founder of Coil and co-creator of the Interledger Protocol, said in a press release. "Web Monetization provides a solution that is more fair, open and inclusive for creators and fans around the globe. This initiative will help us level the playing field for creators by providing a better way to support content across the web."
"Advertising and site-by-site subscription models are ready for disruption," added Ethan Beard, Senior Vice President of Xpring. "The low cost and fast transactions of XRP makes it an ideal tool for Coil to offer an alternative monetization method and have a positive impact on creators. At Xpring, we build infrastructure and support projects that enable the Internet of Value and increase the utilization of XRP — we're excited to support Coil and the team in their journey."
In other news, one blockchain startup wants to reward users with crypto tokens when they do what's right for the environment.
According to reports, the DOVU platform will reward users with tokens and allow them to be spent on activities that will offset their carbon activity and on rewards within the mobility ecosystem. And users can start with their Uber rides: Users link their Uber account to their DOVU wallet, and the DOVU CO2 calculator automatically rewards the value of tokens depending on the length of the ride.
Moscow’s Information Technologies Department wants to hire a contractor to build a blockchain system to host the city’s administrative services, including issuance of documents relating to property owners and residents, and allocation of slots at the city’s farmers markets.
CoinDesk reported that once a contractor is hired, the platform is expected to be built in 60 days.
And Walmart has filed for a patent for an unmanned aerial vehicle (UAV) blockchain-based coordination system.
“A blockchain ledger may store any kind of information that may be stored in any other format or medium, for example, a large list of instructions of different types, navigational information, and maps. In such a way, a same software profile may be deployed across the cloned drones," according to the patent.