Peak XV and HongShan Lead $10M Seed Investment in Neobank KAST
Indian and Chinese investment firms co-lead seed funding in KAST, a dollar-denominated neobank platform enabling users to hold and spend stablecoins through traditional payment avenues.
Reese Morgan
Patreon, a leading creator subscription platform, is spreading holiday cheer to its community of creators by rolling out gift subscriptions and discounted membership sign-ups. This move is expected to boost earnings for creators during the holiday season, which typically sees a significant surge in paid membership sign-ups.
The gift subscription feature, previously in testing, allows fans to purchase subscriptions as holiday gifts, unlocking exclusive content for the recipients. Creators can also offer discounts for new sign-ups, providing an incentive for fans to join their membership programs. This feature could lead to a substantial increase in paid membership sign-ups, as fans can gift subscriptions and access exclusive content, such as bonus podcast episodes, livestreams, or digital downloads.
The introduction of gift subscriptions is a strategic move by Patreon, building on the success of its free membership feature, which has seen 30 million new sign-ups since its launch last year. The platform's new features are likely to appeal to creators and fans alike, fostering a culture of gifting and community engagement. With the holiday season around the corner, Patreon's gift subscriptions are poised to become a popular way to support favorite creators and unlock exclusive content.
Indian and Chinese investment firms co-lead seed funding in KAST, a dollar-denominated neobank platform enabling users to hold and spend stablecoins through traditional payment avenues.
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