Fountain podcasts, which is a digital audio subscription service, now allows its users to earn money by listening to its content in bitcoin. The company was founded last year using the Bitcoin blockchain’s layer 2 network, known as the Lightning Network. Through this service, users can earn money by listening to its podcasts and referring their friends. They can also create content and engage in promotional content.
The company noted that its previous system, which was called Flow, was not intuitive. Its listeners also disliked the mechanics of the model. After conducting a thorough review of the data collected by its users, the company decided to replace Flow with a new system that is more transparent and simple. According to the company, the new system will allow users to earn more money over time.
How Fountain Works
Oscar and Nick Malster, the founders of Fountain, came up with the idea to create the company after hearing about Adam Curry’s Podcasting 2.0 project. They were inspired by the project’s goal to decentralize and advance podcasting. They also received pre-seed funding from Anthony Pompliano, a crypto investor.
According to Nick Malster, they came up with the idea after seeing how Curry’s project allowed podcast listeners to receive value directly from the creator of their content. He noted that they wanted to create a system that would allow users to earn money by listening to their podcasts.
For Listeners
To earn money, users need to download the app and start listening to the podcasts that they like. The platform’s selection is similar to that of other popular podcast apps such as Apple and Spotify. During the first hour of listening, users can earn satoshis or sats, which are equivalent to about a hundred millionth of a bitcoin.
For Podcasters
Once the user has downloaded the app, they can then start listening to the podcasts that they like. The creator of these programs must first “claim” their content using the Fountain app. The public distribution of these programs is carried out through the feed of publicly available RSS feeds. Access to an email associated with the feed allows users to claim their podcasts.
Dil Bole Oberoi
