Airbnb Acqui-Hires ChangeTip Staff, But Code Still for Sale

A number of employees from the company behind bitcoin tipping service ChangeTip have been hired by travel lodgings startup Airbnb.

Apr 12, 2016 at 7:25 p.m. UTC
Updated Sep 11, 2021 at 12:13 p.m. UTC

A number of employees from the company behind bitcoin tipping service ChangeTip have been hired by travel lodgings startup Airbnb, the company confirmed today.

Airbnb has hired an undisclosed number of the employees of ChangeCoin, which operates the social media tipping service. Among those hired by Airbnb is CEO and co-founder Nick Sullivan, sources say.

Left unacquired is the ChangeTip codebase as well as the developers working specifically on bitcoin projects, though those invested in the firm expressed optimism that the project would continue under a new leadership.

The deal, first reported by Quartz, is the result of an extended process of trying to sell the firm.

The move comes weeks after Airbnb co-founder and chief technology officer Nathan Blecharczyk told City AM in an interview that blockchain was on the startup’s radar. At the time, Blecharczyk suggested that the firm was looking at the technology for possible applications related to reputation and identity.

News of the hires comes more than a year after ChangeTip raised $3.5m in seed funding for its micropayments service, which operates via social media networks like Reddit and Twitter.

Airbnb did not offer additional comment.

Disclaimer: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in ChangeTip.

The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
CoinDesk - Unknown
Coinbase Enters Fortune 500 List of Biggest US Companies

The first crypto company to join the list recorded revenue of over $7.8 billion in fiscal 2021 and placed 437th.

The first crypto company to join the list recorded revenue of over $7.8 billion in fiscal 2021 and placed 437th.

CoinDesk - Unknown
2
CoinDesk - Unknown
Climate Company Flowcarbon Raises $70M Through A16z-Led Round, Sale of Carbon-Backed Token

Flowcarbon aims to drive investment in projects that remove carbon from the atmosphere by creating a protocol that tokenizes carbon credits.

Flowcarbon aims to drive investment in projects that remove carbon from the atmosphere by creating a protocol that tokenizes carbon credits.

CoinDesk - Unknown
3
CoinDesk - Unknown
ECB Warns That Crypto Risks Could Spill Over Into Wider Economy

Given the increasing risks of crypto, it is important to bring it into the regulatory perimeter as a matter of urgency, the European Central Bank said in a report.

Given the increasing risks of crypto, it is important to bring it into the regulatory perimeter as a matter of urgency, the European Central Bank said in a report.

CoinDesk - Unknown
4
CoinDesk - Unknown
Social-Media Disruptor Project Liberty to Run on Polkadot’s Blockchain Network

The partnership follows on from former LA Dodgers owner Frank McCourt earmarking $100 million last year to disrupt incumbent-dominated social media.

The partnership follows on from former LA Dodgers owner Frank McCourt earmarking $100 million last year to disrupt incumbent-dominated social media.

CoinDesk - Unknown