To jumpstart a digital market around its code, the company announced Tuesday that it’s committing up to $3 million in fiat and crypto to enlist developers in creating up to 25 marketplaces that only use kin, a cryptocurrency valued at roughly $100 million.
These marketplaces could be anything from places to buy access to live video chats with a influential YouTubers t0 very rare sticker packs they can use in chats.
As long as its all digital, that’s the kind of market kin wants to foster.
The initiative “financially incentivizes developers to create natively with kin, bringing us closer to our goal of becoming the most used cryptocurrency in the world,” Ted Livingston, CEO of Kik, said in a press release.
According to the Kin Ecosystem Foundation, the non-profit that oversees kin, the deadline for developers to apply to participate is August 10.

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