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Coil

coil

Coil Technologies decided to sunset , the web monetization initiative based on the .  At HackerNoon, we published , meaning Coil subscribers streamed micropayments to thousands of HackerNoon contributors via the web browser. We’re proud to play a small part in this experiment to sustain digital writers beyond ads, paywalls, and incumbent central entities. Coil Interledger protocol ~5k web monetized blog posts Web Monetization As Coil sunsets their primary product, our partnership agreement is ending earlier than planned, but Coil Technologies will continue as a business entity and . a HackerNoon shareholder Logistically for , payments earned via Coil are exactly where they are already are - directly in your wallets. After Coil sunsets in the coming weeks, we will remove Coil web monetization tags from story pages and remove payment pointers as a setting’s options under the . , also in the rewards tab, remain unaffected. HackerNoon writers rewards tab Writing contests

Sunsetting Our Coil Integration 

-- , the technology publishing platform serving 4M readers per month, today announced a $1M strategic investment from , the San Francisco-based startup designed to help creators monetize content and provide a premium experience to consumers. Additionally, the companies kicked off a three year partnership focused on for contributing writers. Web Monetization is an open specification that is freely available to any monetization service provider who wants to support sites like HackerNoon. EDWARDS CO June 10, 2020 HackerNoon Coil Web Monetization “We want to become the best place for tech professionals to read, write and publish,” said HackerNoon CEO David Smooke. “To date, we’ve provided editorial resources, validation, and distribution. Now with this strategic partnership, HackerNoon will experiment with streaming micropayments to writers based on how much time Coil users spend reading their stories.” "HackerNoon is home to an incredibly dedicated community of technologists and software developers,” said Jonathan Greenglass, Coil’s Chief Growth Officer.  “We’re thrilled to be working with HackerNoon to provide its community with a simple way for readers and writers to participate in the value exchange between one another." Starting today, HackerNoon Writers can now add their Web Monetization meta tag to their stories on HackerNoon. Once enabled, Coil automatically streams micropayments to the writer’s wallet based on the amount of time Coil Members spend reading. We will also offer a way for writers to that are dedicated to making the Internet a better place. donate their earnings via Coil to charities Last year, HackerNoon (dubbed HackerNoon 2.0) to serve readers, writers and sponsors on their own terms. The company pivoted from a publishing platform to a software company and a publication, creating 100+ years worth of reading time since July 2019. launched their own content management system “Props to HackerNoon's editorial teams for editing my piece. Truly amazed at the editing quality and the effort they pour into *every* article that goes through their hands. Excited to see them grow even bigger!” tweeted Human+Business Founder and HackerNoon contributor Andy Chan. “Congratulations to David Smooke, Linh Dao Smooke, Dane Lyons,  Austin Pocus, and everyone else on the HackerNoon team. The new platform is well-built and progressing fast. Thanks for everything you all are doing for the global developer community,” tweeted FreeCodeCamp Founder Quincy Larson. Coil paid $11.35 per share, valuing the company at $11.5M pre-money. In HackerNoon’s previous , the share price was $8.20. The company remains entirely common stock. As part of the partnership, , Coil’s Chief Growth Officer will be joining David Smooke and Linh Dao Smooke on HackerNoon Board. Previously, he was CFO of Imgur, one of the internet’s largest communities, and a top 30 website in the US. equity crowdfunding round Jonathan Greenglass “In addition to implementing the Web Monetization standard, we will use this investment to expand the editorial, sales, and most importantly, software teams,” said David Smooke. About HackerNoon How hackers start their afternoons. We are an open and international community of 12,000+ contributing writers publishing stories and expertise for 4,000,000+ curious and insightful monthly readers. Founded in 2016, HackerNoon is an independent technology publishing platform run by David Smooke and Linh Smooke. HackerNoon is built for technologists to read, write, and publish. About Coil Coil was founded in 2018 to build a better business model for the web. Coil makes it easy for creators to monetize their content across the internet, and provides an alternative to advertising and site-by-site subscription models. As members enjoy content, Coil uses a proposed open web standard called Web Monetization to stream micropayments to creators in real time. Coil is designed to support a variety of creators, developers and content platforms. In 2019, Coil, in collaboration with Mozilla and Creative Commons, launched the to boost open, fair and inclusive standards and innovation in Web Monetization. Coil also invested $20 million in Imgur, the community-powered entertainment platform reaching 300 million people each month. For more information about Coil, please visit coil.com and follow on Twitter (@Coil). $100 million Grant for the Web

HackerNoon Raises $1M From Coil, Will Stream Micropayments from Readers to Writers via the Browser

How much do I get from a micro transaction for a user that visits my monetized page? Prerequisites The reader needs to have a , and the Coil subscription Coil extension for Chrome How to sniff the transactions? Right click anywhere on the page, and click "Inspect", to open the inspector window, and you will see something similar as the below image. Copy and paste the below snippet in the console tab of your debugger tool to see the monetization in progress. totalAmount = ; .monetization.addEventListener( , { amount = (event.detail.amount);
  amount = amount/( .pow( ,event.detail.assetScale));
  totalAmount += amount; .log(totalAmount); .log(event.detail);
}); 0 document 'monetizationprogress' ( ) function event var parseInt Math 10 console console And that's it. If the requirements are met, you will be able to see the accumulative transactions, as well as the details for a single transaction, like how much assets are being transferred, and what currency (e.g. XRP or USD).  The console window will print every singe transaction made. The details of a single transaction look like this: amount (the amount of assets, e.g. 2491) assetScale (the proportion of the asset, e.g 9) assetCode (the currency being transferred, e.g XRP) If a transaction looks like the above example, it means that 2491 nano XRP (or 0.000002491 XRP) is being sent in one single transaction. You can find more details from Coil's documentation

Coil Monetization Shortcuts: The Easy Way To Find Out How Much You Are Making

One of the most exciting applications utilizing the cryptocurrency for payments — with a huge potential to change the way web monetization works — is . XRP Coil Already today, Coil is fully functional and allowing content creators to instantly receive donations from viewers who are subscribed to Coil while they consume the creators’ content. In this article, I give you as a WordPress content creator a step-by-step tutorial on how to install Coil on your WordPress website. What is Coil Web Monetization? Coil is being developed by a San Francisco-based startup, which is working on a new business model for the web. It is enabled by the and enables online content creators to monetize their content. Web Monetization API Coil subscribers are paying a monthly subscription ($ 5 as of right now, with different packages available in the future). Whenever they visit a Coil-enabled website, every second a small amount of XRP is being donated to the content creator. Those real-time micropayments offer a much more attractive monetization option compared to being dependent on ads. If you want to learn more, I can recommend checking out . Coil’s Help Center In the following, I will introduce three different ways showing how you can setup Coil on WordPress: Using the official WordPress Plugin Using a Child Theme > adding code to the functions.php Using a Parent Theme > adding code to the header.php Let’s get right into it! Prerequisites Create Your Coil Account As the very first step, you need to sign up to Coil. All you have to do is go to the and go through the signup process. Only if you want to subscribe to Coil in order to donate to websites having Coil integrated, you need to submit your credit card details. To monetize your own content and to receive donations through Coil, you don’t need to wait for that. Coil website Get Your Payment Pointer The next thing you need is a payment pointer. This will tell Coil where to send the donations that are coming in from Coil subscribers visiting your WordPress site. You can easily set up your payment pointer from the settings panel in your profile on the Coil website. Simply navigate to the settings page and click on the tab. “Payout” You will find an overview of different payout options including setup options to follow. I can recommend the option, which allows you to receive your payments in one of many fiat or crypto currencies. Uphold After you went through the setup process, the payment pointer should be shown right there in the “ ” tab. Payout FYI, the payment pointer is not confidential and bears no direct security risks, so don’t worry about hiding it. That’s it, now we are ready to install Coil on your WordPress website. Method #1 — Using the Official WordPress Plugin Meanwhile, Coil has launched their own . Not only does the plugin allow you to implement your own payment pointer to receive payment streams, it also gives you a set of tools to make your content (or parts of it) available only to Coil subscribers. official WordPress plugin I recommend using the plugin from now on, as the plugin will be kept up-to-date by Coil in case they change something. You can find and install it through your WordPress dashboard, simply look for . “Coil Web Monetization” Once you have installed and activated the plugin, you will find a new tab for it in the WordPess dashboard menu. All that’s left to do here is going to the where you will find a field to input your own payment pointer. “Global Settings”, Save your changes, then you’re good to go. If you are curious what else you can do with the Coil WordPress plugin, I suggest you to take a look at . the official documentation page In case you are interested what other functionality the Coil plugin brings to WordPress, I invite you to check out . If for some reason you don’t want to use the plugin, you can also install your payment pointer manually. this walkthrough video I made Method #2 — Modifying Your Child Theme’s functions.php The preferred way of running your WordPress website is always by utilizing a child theme. This allows you to make any kind of customization to your theme, while at the same time always being able to update the theme you are using, without losing your customizations in the process. The same goes for setting up Coil on WordPress. If you don’t know what a child theme, I strongly recommend you to look it up, for example . here We need to add a little bit of code to our child theme’s . For that, go into your , then make sure that your child theme is selected in the top right corner. Then open the in the editor by clicking on it on the right. functions.php WordPress Dashboard > Appearances > Editor functions.php Then all you have to do is copying the following piece of code and pasting it at the end of the code that you should see now. This piece of code simply adds the required meta tag to your website’s section. <head> Attention: Don’t forget to put in your own Payment Pointer! { <meta name=”monetization” content=”YOUR_PAYMENT_POINTER” /> }
add_action(‘wp_head’, ‘custom_meta_tags’); // Coil Web Monetization Integration function custom_meta_tags () ?> <?php It should look like this: Don’t forget to click the Button when done. “Update File” That’s it! Method #3 — Modifying Your Parent Theme’s header.php If you are not using a child theme, then you can still install Coil by editing your theme’s . header.php To do this, go into your and make sure the right theme is selected in the top right corner. Then open the in the editor by clicking on it on the right. WordPress Dashboard > Appearances > Editor header.php All you have to do now is copying the following piece of code, which you can also find in your Coil account’s dashboard, and pasting it into the editor right under the marker. <head> Attention: Don’t forget to put in your own Payment Pointer! <meta name=”monetization” content=”YOUR_PAYMENT_POINTER” /> It should look like this: Don’t forget to click the Button when done. “Update File” That’s it! With this method you have to remember that whenever you update your theme and its gets overwritten, you need to manually add the meta tag again by following these steps. That is the benefit of using a child theme, theme updates can not break your own modifications. header.php Check If It’s Working To check if installing Coil on your WordPress page worked, you will need to install the Coil or extension. Once installed in your browser, head over to your website. Chrome Firefox If you followed the steps correctly, the Coil extension should now indicate that the website is web-monetized. If you are not subscribed to Coil yet, the window will still show whether or not a page is web-monetized. Another easy way to check if your Coil integration was successful is by using the created by . Just enter your website’s URL and click . Coil Checker Wietse Wind “Check” You have now successfully installed Coil Web Monetization on your WordPress website and are part of the future of the internet – with a monetization method . far better than ads Instant micro-payments for creators and the potential for a completely new way of sharing content with your followers. Welcome to the future of the internet, powered by XRP! Having done that, I highly recommend you to sign up for a Coil subscription and to start supporting content creators. For the cost of a cup of coffee per month you can take a stance on how the internet should work from now on. You can check out all , which I create to track the development and perceived adoption of Coil. my monthly Coil income reports If you have any questions or need help with the process of setting up your own WordPress page, feel free to leave a comment below the article . on my blog

Installing Coil Web Monetization on WordPress [A How-To Guide]

The problem of funding content is destroying the internet – toxic click-bait gets eyeballs and ad money whilst investigative journalism sinks. Web monetization could help but effective implementations keep eluding us. Surely some smart payment solution will break through? Innovators have long looked at micropayments to solve this. There are plenty of attempts to make micropayments systems widespread online. Whoever succeeds will change our economies forever and with digital wallets on the rise, something is bound to stick soon. Micropayments for great comments At openDemocracy we have introduced a feature that shares micropayments with authors and commenters – . we call it CommentX With this, we encourage authors to engage with commenters in order to support both parties. Of course, most commenters don’t need a financial incentive to comment, and introducing this has its risks. On the other hand, some comments can be just as valuable as a piece written by a paid journalist so perhaps we should reward great writing even in the comment form. In any case, this is an experiment in funding public debate and . you can try it today Here’s how it works: Readers visit an article page whilst having a micropayments plugin active on their browser e.g. . This automatically sends a micropayment to the digital wallet listed on the page when the user visits. Coil Micropayment revenue is shared between the author and the publisher, openDemocracy. If the author highlights a comment, then that comment gets showcased in the article and the commenter gets part of the revenue share. https://www.youtube.com/watch?v=Cow17sVmZRM Authors who highlight comments also receive a greater proportion of revenue. We therefore introduce new incentives for readers to comment and for authors to engage with comments. We hope that this leads to more vivacious, constructive debates. The project will allow us to test out different payments schemas and see what works. The quickest way to get paid online? This project allows you to tip authors and commenters whose contributions you appreciate – and receive tips yourself if your comments are chosen. The long tail means those payments could add up over time. We invite you to take part in this experiment and find out how we can change the web with micropayments. Here’s how to get involved. As a reader who wants to support authors and commenters Sign up to Coil. Your $5/month subscription is shared between content you visit. Set up the Coil browser extension for or . Chrome Firefox When you visit participating articles, Coil shares micropayments with openDemocracy, the author and any highlighted commenter – it's currently about $0.36/hour. It will also reward other websites and creators in the micropayments ecosystem when you visit their content. As a commenter who wants to be eligible for payments Get a digital payment wallet, for example with . It can take a couple of days to process. This lets you receive payments with the Interledger protocol. Uphold.com Sign up to make comments in our comments space. Add your payment wallet. Add constructive comments to articles. Comments that best complement or advance the article will be highlighted. If your comment gets highlighted on articles with the “Better comments online” popup, then your wallet will receive a 50% share of the article’s earnings (subject to change). Building the web consciously We encourage readers to try this out as both a subscriber (e.g. with Coil for a few pounds a month) and by commenting on participating articles in the hope that your point will be recognised. The novel feeling of paying websites as you visit is interesting from the user’s perspective, as is having a wallet attached to your various online contributions ready to be rewarded. The politics of all this is to be discovered and discussed. Experiments like these allow us to explore new economics online. You can play your part by . Together we can build a different internet. testing this out and sharing your opinions with us supported by Grant For the Web. We welcome your contributions and feedback. CommentX is open-source software

Monetized Comments: The Quickest Way to Get Paid Online?

. Content inspired after my first payment using Web Monetization API 🧑‍🔬 The How Sign up to and verify yourself wallet.uphold.com/signup Find the Interledger Payment Pointer in the Transact panel And pick a currency target. It could be USD, BTC, etc The Web Monetization API needs a to address micropayments for you. Payment Pointer 🏗 The Where You could use your previous created Uphold's Payment Pointer on your website using this declaration: < = = /> meta name "monetization" content "$ilp.your.payment/pointer" Also, dozens of services offer support: Twitch DEV.to Hashnode Cinnamon WordPress Even , when connected in a creator account on . YouTube Coil 💰 The Web Monetization API The that uses a neutral payment protocol called for transferring money for anyone by anyone. Web Monetization API is a W3C Standard Interledger (ILP) The proposal help web creators avoid systems that slow down the web and creates annoying UX 📚 More about Web Monetization Standards Get Monetized - A Coil's Overview about Web Monetization API Video in 🇧🇷 about Web Monetization API on my YouTube Channel 💌 Also, don't miss content like this signing my newsletter Also published on Dev.to

An Introduction To Web Monetization API

....is my answer to this question someone posted on Twitter the other day: "What is your best advice in 4 words or less". Let me tell you about the time I learn to connect all the seemingly isolated events in my career and came up with this advice in retrospect. 8 years ago, I founded with , another sophomore at , who reached out as he was going to Vietnam that summer and was also extremely passionate about education, like myself. I happened to be cooking the idea for the first ever summer camp for middle school kids in Hanoi then. Evan had experiences with and could raise some money for CKP, on top of the grant I already got from Brown. We recruited a few other founders and got to work. CKP is still going strong to this day. the Creative Kid Project Evan Schwartz Brown University Camp Rising Sun I didn't know Evan, nor did I think the project was gonna turn out or get any funding when we met. Yet, I went for it anyway. I had an unshakable feeling that this was the right thing to do. Fast forward to the fall of 2018, , the company I now ran with my husband , was raising funds for the first time and in the midst of our breakup with Medium. Having published a good bit about crypto and blockchain,  I reached out to Evan, who was then a software developer at (the 3rd largest cryptocurrency), about a potential partnership. That did not turn out. But later on, Ripple former CTO, Stefan Thomas, learned about our raise and . Little did I know, just a few months earlier, Stefan had left Ripple to found , the solution provider. Earlier in their Ripple days together, Evan and Stefan have co-papered , the foundation upon which Coil was built. Hacker Noon David Ripple helped close the last of our $1.07M equity crowdfunding round Coil Web Monetization the Interledger protocol I was stressed out about Hacker Noon's decision to not take the low-ball offer from Medium and . I felt a little embarrassed to admit all that to my friend Evan, who I haven't spoken to in a while. I just knew he was working with (and pivotal to) Ripple, a company that I do respect and like. So, I went for it anyway. go out of our way instead to finance on our own terms Today, I emailed the news to Evan, who learned about it only yesterday during a Coil Board meeting! we announced Coil's $1M strategic investment in Hacker Noon and the launch of our 3-year-long partnership to stream micropayments for our writers . Sometimes, the universe just finds funny ways to align the events in your life so they make sense in retrospect, doesn't it? And now is the part of the story where I make an important PSA to all the "young" people out there, particularly those still in school. Trust your instincts. Submit that internship application, found that club, volunteer at that organization. Everything in life happens for a reason, and trust your instincts might be scary. Yet, go for it anyway. Put your heart in the right place, things will turn out fine.

Go for it anyway

The internet is the greatest invention of the last X hundred years. Yet, much of it is counterproductive, with companies working against each other to "own the user." At , we're committed to rewarding our contributors for all the work and dedication put into their stories. For that reason, we have added a __ __where users can check all the ways they can monetize their content and get prizes while doing what they love. Hacker Noon Rewards Tab is currently in progress and holds our first, and most fun, monetization option: , where any writer can enter by writing thoughtful stories and submitting them to certain tags to win cash prizes from sponsors. Rewards Tab Writing Contests Fun fact - Writing Contests have passed over $200k in writer rewards this year :-) over Contest Your Writing are a great way to add authority and attach prestige to your stories. With over $100k committed to writing contests this year, Hackernoon has partnered up with big names in the industry to bring you unmissable contests. But that’s not all we have to offer: by publishing with #contest-tags on __ __stories, you enter to win monthly prizes from sponsors! Sickening, right?! Writing contests HackerNoon Are the contests still running? The answer, our most esteemed writers, is yes! Read on to find out which contests are still going. by The DeFi Writing Contest : SORA A writing contest about decentralized finance? Count me in! You can submit a story about anything related to the main topic, for example, the crypto industry, your opinion piece on the current state of finance and DeFi, your DeFi projects, crypto investments, etc. You can check out __ __stories for inspiration. defi by The Linux Writing Contest Linode Are you a Linux aficionado? Then, this is the right contest for you. Submit a story on the #__ __operating system, whether in an opinion piece, an expert interview, or a tutorial.** linux by The Cybersecurity Writing Contest Twingate Here’s an opportunity for you to share your expertise and stories on all offensive and defensive mechanisms to secure the internet. Discuss anything from the latest cybersec incidents, interviews, discussions, and philosophical questions related to # !** cybersecurity by The Debugging Writing Contest Sentry Bugs are devs’ everyday annoying jigsaw puzzles. In the # Writing Contest we want to read about a time when you struggled (and later triumphed!) to identify a bug or performance issue in your web application, mobile application, or game and the steps you took to ultimately solve the problem. Give other developers inspiration. Sharing is caring! Debugging by The Growth Marketing Writing Contest mParticle Starting September 1st, 2022, this contest is open to all your stories on product management, customer data platform, growth marketing, data engineering, and data management. Don’t forget to use the #__ __tag! growth-marketing Be sure to check out the rules and guidelines for participation, prizes, and a general description of the writing contest you’re running for before submitting your story. Winners will be announced on the Hackernoon website under the tag related to that contest. Something similar to . this A few of our previous winners from were: The Decentralized Internet Writing Contest , Bala Priya C Cryptographic Hash Functions in Blockchain (with Bash & Python Code) , Michael Brooks 7th US President Andrew Jackson's Thoughts on Cryptocurrency , Futuristic Lawyer How to Explain the NFT Boom We hope to have inspired you to reap the benefits of your labor, but in the end, it all comes down to you, our writers. So, get your keyboard and screen out and start typing. Good luck!

Writing, A Rewarding Experience

Escribir, una experiencia gratificante

L'écriture, une expérience enrichissante

लेखन, एक पुरस्कृत अनुभव

書くこと、やりがいのある経験

Escrever, uma experiência gratificante

Viết lách, một trải nghiệm bổ ích

写作，一次有益的经历

The Back to the Internet Pool

⚠️UPDATE: is no more.  This article no longer applicable! ⚠️ Coil ⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️ Adding one line of HTML to your website can start making you money.  No one will see anything different on your site, no one will be tracked because of it. This one-liner is a meta tag that goes in your site header and looks something like this: <meta name = "monetization" content = " $ilp .uphold.com/LMQDwYFW6rA!" > Now, with this added, visitors of the site have the ability to indirectly fund whomever is running the website, without opening their wallets again.  Their paid membership along with the browser extension will make payments on their behalf, just by spending time on your site. This is How We Do It is providing a means to seamlessly distribute money to content providers on the internet.  The idea is to provide content creators with a free account with Coil, which they can connect to a wallet to receive money either via fiat or cryptocurrency. Coil The source of money fueling this comes from another sort of Coil account.  A Coil member account, which for $5 dollars a month, provides exclusive access and perks to websites partnering with Coil. comes with Coil member accounts, for example. Imgur Emerald To sign up for a free creator account go to and fill out your email address.  You'll be redirected to a verification page and receive an email with the code to use.  Afterwards, you will be asked to enter your credit card information, but you can simply go to to continue filling out your profile, where you will need to set a user name. https://coil.com/signup https://coil.com/blogs/creator-setup Finally, is where you can place your payment pointer if you have one already or sign up for an account with the different wallets supported by Coil.  I recommend Uphold because it supports the most currencies and has no fees. https://coil.com/blogs/creator-payout If you have an account already, the link at the top gives you a spot to enter your address.  There is a helpful link to each organization's help docs for location your payment pointer ("Get a payment pointer") After this, you can visit where Coil conveniently displays the meta tag with your payment pointer filled in for you.  This tag just goes into the <head> of your website.  That's all there is to it. https://coil.com/settings/monetize How Do They Do It? The magic that links consumers and creators is in the meta tag and either a or the The contents of the attribute, in this example shown here, is an address to an wallet.  This is where the money goes, regardless of who is actually serving up the website with this tag.  The browser extension will pickup on the meta tag and react to let you know you are supporting the content provider.  So, if you create a free Coil account and install the extension, then next time you enjoy some stream on for example, Coil will begin streaming money via micro-transactions to whomever is streaming to your browser at the rate of .  Pretty simple way to help people you are a fan of, no? Coil browser extension Puma Browser. content Uphold Twitch.tv 36 cents an hour Under the hood and , Coil makes use of a proposed JavaScript browser API called and an open protocol for sending payments to ledgers named to make this work.  All of this without ads popping up or any other shady practices going on (psst- maybe you'd like to learn about ?). via the tubes Web Monetization Interledger Privacy Badger This is a nice summary of Coil with pretty pictures. So, it makes no difference what the content is, you could put this on a site with recipes for , a or a y VR experience, if visitors are spending time on the site, these same visitors will be funding the creators of said content.  You just need to have this little meta tag with your wallet address and if visitors are using the Coil extensions or Puma browser, creators will get paid for having visitors merely viewing their content. kkakdugi Unity game Firefox Realit As more perks for paid members of Coil emerge, we can hope to see more people adopting this platform to support your corner of the internet. I'll close with this aphorism: “Money is like manure; it's not worth a thing unless it's spread around encouraging young things to grow.” -Thornton Wilder, The Matchmaker

Stories, News & Mentions about COIL

Coil’s Stories on HackerNoon

Coil's News & Mentions