Coil, founded in 2018, aimed to revolutionize web monetization by providing an alternative to traditional advertising and subscription models. The company facilitated easy monetization for creators, publishers, and platforms through a membership model, allowing users to support content across the internet seamlessly. Coil's core mission was to establish Web Monetization as an open standard, leveraging the Interledger technology to enable seamless payments and support for digital content creators.
Notable figures associated with Coil include its founder Stefan Thomas, who played a significant role in developing the Interledger protocol. Coil's impact includes pioneering the Web Monetization API and fostering a vibrant ecosystem around Interledger. Despite sunsetting its products in early 2023, Coil's legacy continues through the Interledger Foundation, which now stewards the ongoing development of the technology. Coil's efforts have laid the groundwork for future innovations in web monetization and digital payments.
