Coil was founded in 2018 by Stefan Thomas, former CTO of Ripple, to build a better business model for the web.
“When I was starting out as a developer, the openness of the Web gave me incredible opportunities to learn and grow. It’s so easy to create on the Web, but when it comes to earning money, people are mostly stuck with app stores or large content platforms. With this grant, we hope to tip the scales in favor of an open, native way for creators to be compensated for their contributions to the Web community.”
— Stefan Thomas, CEO & Founder, Coil
Coil’s platform is designed to make it easy for creators to monetize their content across the internet. As subscribing fans enjoy content, Coil uses an open API called Web Monetization to stream micropayments to creators in real time. The platform supports creators, including writers and journalists, video creators, podcasters, streamers, musicians, photographers, and artists.
Read Coil’s blog about the launch of Grant for the Web.