You've recently launched Coil,
a platform to help creators online monetize their content.
How does it work?
So Coil is based on an open web standard called web monetization,
and what that means is that there's a feature in the browser
that allows to pay different websites as you're browsing their content.
So rather than, you know, looking at ads, may be paying a subscription
for each website you go to.
This kinda allows you to go to any website out there
and pay them like a small amount.
Opening up the web for monetization to everybody,
rather than just giant platforms that have lots of users
and lots of content.
So we're hoping to, kind of, redistribute the web a little bit
and kind of make it easier for independent websites
to compete with the larger sites.
So where's Coil available right now?
So Coil is available worldwide to anybody with a credit card,
and then, if you're a creator, you can get paid out
using any Interledger enabled wallet.
Right now there's U.S. dollar options, so you can withdraw
to a U.S. bank account, and there are XRP options.
But we expect that to expand in the future.
You recently announced a partnership with Imgur.
What's the goal of this partnership?
We're trying to establish a new web standard, web monetization.
And in order to do that, you need to reach a lot of people,
and you need adoption for the standard.
And so Imgur is gonna be a great partner in terms like bringing this
to a larger audience,
explaining what it's all about and giving more people access to it.
What kind of feedback are you getting from these creators
that are using your platform so far?
What we hear from creators is that it's really hard to monetize your content,
and when you do,
you're very dependent on the platforms that you use.
Because they have all the users,
they have a huge amount of content already.
So they hold all the cards.
And so as a creator,
this is kind of an open alternative to that.
You can be on a smaller site and still anyone
that supports the standard will be able to pay you.
So it really kinda opens up the space for smaller creators,
for independent creators.
What's your greater vision for Coil?
Yeah, our hope is that one day the standard will be so ubiquitous
that most websites will support it.
And then, you know, maybe it's even like bundled
with your internet connection.
So rather than having a separate subscription,
part of that package is, you know,
money that can help content creators' websites.
And so rather than getting paywalls everywhere,
getting ads everywhere,
having to get subscriptions for different sites.
Maybe it's all kinda bundled together
and you can use whatever you want across the web.