Wikipedia founder Jimmy Wales has said the not-for-profit online encyclopedia platform will "never" hold an ICO or issue its own cryptocurrency.
Speaking to Business Insider after giving a speech at a recent blockchain event in Berlin, Wales told the news source:
Wales was speaking at the Berlin event largely because "People pay me to give speeches," he said.
However, he added that, while he has "reservations" about blockchain, "It's a super-interesting technology, but it's clearly a bubble with a lot of mania and hype around it."
With its pages maintained by volunteers from the public and an ICO ruled out, Wikipedia will keep running via traditional donations – including ones made in bitcoin. Wikipedia started accepting the top cryptocurrency by market value in 2014, after Wales initially said he was "cautious" about the technology.
Jimmy Wales image via Joi Ito/Wikimedia
CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.