Coil

Coil was a company founded in 2018 with the mission to create a better business model for the web. They aimed to provide an alternative to advertising and site-by-site subscriptions by enabling creators to monetize their content through a system of micropayments. Coil used an open web standard called Web Monetization to stream micropayments to creators in real time. They also developed Interledger, an open protocol suite for sending payments across different ledgers.

In early 2023, Coil announced that it would be sunsetting its products and development efforts. They transitioned the Interledger Protocol to a neutral body, the Interledger Foundation, to oversee its future development. While Coil no longer exists, its legacy continues to influence the web by advocating for open, fair, and inclusive standards for web monetization.

Coil is a company dedicated to building a better business model for the web, providing an alternative to advertising and site-by-site subscription models. Coil uses an open web standard called Web Monetization to stream micropayments to creators in real time, allowing consumers to support creators without sacrificing their privacy or suffering through distracting ads and paywalls.

Coil promotes a collaborative and open culture centered around innovation and community building. They value inclusivity and transparency, evident in their open-source approach to projects like Rafiki and their dedication to supporting diverse creators and developers. Their belief in empowering individuals and creating a more equitable web ecosystem is reflected in their support for initiatives like the Grant for the Web.