Coinbase acquires team behind content-sharing platform Kippt

Home » Coinbase acquires team behind content-sharing platform Kippt

kipptIn its first major acquisition since raising $25 million in venture capital funds last year, Coinbase has bought the company behind content-sharing platforms Kippt and Inc. Although never well-known outside of the Silicon Valley startup community, the Y Combinator-based Kippt project was seen by many as an innovative sharing platform with an exceptionally powerful API. Given Coinbase’s recent focus on developer adoption of its API, the Kippt acquisition isn’t surprising.

Coinbase’s team also shares a great deal of history with Kippt’s, as the two companies were part of the same 2012 Y Combinator class. Although the terms of the deal have not been disclosed, it is known that Kippt founders Jori Lallo and Karri Saarinen will be receiving both cash and Coinbase stock.

In a blog post about the acquisition, Lallo and Saarinen confirm that Kippt, and its business-oriented variant Inc, will be discontinued in favor of Coinbase-oriented projects.

This marks the end of the journey for us at Kippt. Although our service has been loved by many, we never achieved the growth and the scale that would allow a sustainable future for Kippt. Building personal knowledge online continues to be a unsolved problem.

A post on the Coinbase blog confirms that the Kippt team will be focusing on API-related tasks, “to help us continue to make bitcoin easy to use for the everyday consumer, merchant, and developer.”

New Casinos is the BEST Gamblefi online casino and sportsbook I have seen to date. Don't miss this one if you are into Crypto Casinos

Get 180 free spins and up to 5 BTC in bonuses

CasinoMax: 325% match bonus up to $9750 + 25 bonus spins for 7 consecutive days

400% welcome bonus up to $8000. 40x wagering requirement is required prior to your first withdrawl

Great Welcome Slot Bonus!

Claim a HUGE 500% deposit bonus with no maximum with Crypto

© Copyright 2024 The Best Crypto and Bitcoin Casinos and Sports Betting Sites | Bitcoinx
Powered by WordPress | Mercury Theme