Coil bids farewell, but not goodbye [ARCHIVE]
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See Coil bids farewell, but not goodbye [ARCHIVE] on web.archive.org
When we started Coil in 2018, Interledger was only an idea. Over the last five years we breathed life into the technology and sparked a vibrant ecosystem around it. Now it’s time to pass the torch to a neutral body in the form of the Interledger Foundation to steward the future development of Interledger.
As part of this evolution, we’ve decided to sunset Coil’s products and development efforts. On February 2, 2023, we will no longer accept sign-ups for the Coil Membership. On March 15, 2023, we will discontinue our service. More detailed information is available in our FAQ.
The other day I got an email from Uphold, the service handled my site’s web monetization saying that they were ending support for it because of the Coil service. Web monetization is an attempt to support websites by streaming payments as you view a website which contains a <meta rel="monetization"> element in the header. I actually managed to earn $0.55 by doing this, though this was because I got a trial to the service and I was using my site during development. I could have become another case of Web3 going just great and earned more than I have from affiliate links, but I digress.
Guess it’s time to get rid of the pointer and try and find other ways of making money. Sigh.