Geyser has announced a new feature that transforms the rules of crowdfunding for Bitcoin projects, emphasizing community involvement.
Social-Gated Crowdfunding
Geyser has upgraded its platform by introducing a social-gated crowdfunding system that requires campaigns to earn community engagement before unlocking funding capabilities. Projects must secure 21 followers within a month to unlock fundraising, highlighting the importance of social interaction.
Market Stability
The Bitcoin market has shown no significant fluctuations following Geyser's launch, maintaining current values around $85,000. This stability is attributed to institutional investors and ETF flows supporting the currency.
Implications for the Bitcoin Ecosystem
Insights indicate that Geyser's platform may invigorate the Bitcoin builder ecosystem and potentially increase the adoption of the Lightning Network. Historical data suggests that such innovations often enhance utility without immediate price implications.
The introduction of Geyser's new social funding model may change the approach to crowdfunding in the Bitcoin space, encouraging projects to actively engage their audience.
