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article imageKickstarter crowdfunding website to launch in the United Kingdom

By Armando Tamayo     Nov 1, 2012 in Internet
Kickstarter, the popular crowd-funding platform that helps fund creative projects and inventions in the U.S., is now fully available in the U.K.
Kickstarter first made the announcement n October 10, but the service only became fully available yesterday October 31. UK-based projects can now be submitted in the Kickstarter site, without having to sign-up with a U.S. account.
The English Kickstarter page will be similar to the U.S. page, except that the currency will be in British pounds sterling instead of U.S. dollars. For those who reside outside the United Kingdom and wishes to fund a UK project, Kickstarter offers a site tool that converts in U.S. dollars. They can enter their payment directly on Kickstarter UK's third party processor, unlike the Amazon payments in the American platform.
"The request to expand internationally has long been one of our most requested features... We certainly are interested. We're going to see how the UK launch goes and figure out the next moves from there. There's a lot of places that will be interesting." said Yancy Stickler, the project's co-founder, in an interview with BBC.
Kickstarter started in April 2009 by Stickler, Perry Chen and Charles Adler. Time magazine called it the "best invention in 2010" and the "best website in 2011". The website's model is based on the fundraising platform called "crowd funding." The general public can contribute in a variety of "creative projects" and "inventions" in categories that ranges from Art, Film, Dance, Fashion Design, Food, Video Games, Publishing, Photography, Music, Theater and Technology.
Kickstarter projects with the largest money raised are in Video Games, Music and Film. According to NYTimes, the general public "does not necessarily invest" or "get a share" in the Kickstarter projects. They only get significant rewards from their contribution like signature items, thank you note, custom shirts or an early access and invitation for an initial screening or streaming (film or music).
Kickstarter raised more than $380 million for 73,000 projects since it's launched in 2009. Notable projects include the documentary "Sun Come Up" nominated for an Academy, "EyeWriter" art project exhibited in Museum of Modern Art (2011) and Amanda Palmer's album which debuted at No.10 on Billboard's 200 charts.
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