June 16th, 2022 - Since launching the Algorand Foundation Grant Program, we have received many submissions, globally, from developers and innovators eager to participate in the expanding Algorand Ecosystem. After a thorough review and selection process, we are delighted to announce Spindle ASA as our latest Grant recipient.
Spindle ASA is pioneering experimental fiction on the blockchain using the Algorand Ecosystem. Spindle’s goal is to provide a platform where authors can publish their stories in new ways, such as by adding multimedia elements, audience participation, or unique monetization systems. The Spindle ASA platform offers an opportunity for adoption of the Algorand Blockchain by introducing readers and writers to the ecosystem.
“Authors are already earning money in unique ways on Spindle, and readers are already gaining value and directing stories through their votes. With this grant from the Algorand Foundation we will be able to develop a reading dApp, allowing far greater adoption, and a smoother UI. We will also be developing smart contracts to enable investment in stories themselves, with automatic royalty pay-outs to holders.”
- Rachael Koch, Co-Founder, Spindle
“Spindle represents an exciting blockchain use case. We’re excited to support Spindle through the Algorand Foundation Grant program and help them on their mission to disrupt the traditional publishing industry with Web 3. Spindle will offer support to authors by providing authorial freedom independent of centralized independent publishing and offering a higher financial return for authors.”
– Addie Wagenknecht, Algorand Foundation