World-renowned browsing platform Mozilla has announced that it is prepared to proffer solutions to the glitch faced by developers in the Firefox Reality ecosystem with the launch of a new monetization platform with the support of coil.
Mozilla declared that it will be rolling out a Web Monetization experiment this week to ease the burden of creators when getting reimbursement for their work, a report has said.
During an extensive discussion with developers and creatives in the Firefox Reality ecosystem last year, the free and open-source web browser got briefed about the creators’ challenges while using the platform.
The developers and creatives identified the issue of payment friction and funding upfront, describing both as major impediments that need to be tackled to ease the burden of creators.
Other issues like defending intellectual property, discoverability of content and improved tools for developing content among others were also mentioned, but the above were regarded as principal.
Hence, Mozilla said it is more than ready to provide a better payment means for developers. The web browsing platform noted that Web Monetization platform is another payment approach that ensures ease payment without banking on advertising or stealing your data and attention.
Mozilla disclosed that it is overwhelmed to bring in more developers to participate on its monetization platforms adding that it will begin by bringing in creators, and then consumers of various digital contents.
As revealed in the release, Mozilla opted for the Ripple-backed web payment platform because of the standard it offers in executing transactions. Coil ensures the streaming of micropayments to creators instantly with the use of an open API developed on Ripple’s Interledger Protocol.
During Coil’s $4 million round, Ripple, via its investment arm Xpring, invested 1 billion XRP in the platform. The CEO of Coil is an erstwhile chief technology officer at Ripple and the co-created of Interledger Protocol.