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A New Business Model for the Web? $100 Million Creators' Fund Seeks to Break Tech Giants' Monopoly

5 monthes ago   |   By Fortune

Tech entrepreneur Stefan Thomas wants to create a version of the Internet that frees creative types from relying on ad money from YouTube or Instagram to support themselves. Instead, creators would be paid directly by their fans.
To this end, Thomas's blockchain company, Coil , along with the non-profit groups Mozilla and Creative Commons, will distribute $100 million in grants to creators and others who embrace ad-free business models. On Monday, the groups said the money would be awarded through a fund called Grant for the Web over the next five years.
“The internet has gone from a place...
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$100 million Grant for the Web program seeks alternative online business models

$100 million Grant for the Web program seeks alternative online business models

5 monthes ago   |   By Venture Beat

Coil's $100 million, five-year Grant for the Web aims to promote sustainable web business models while fostering open source platforms.
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