DogeTipBot gets $445k investment, to grow audience and improve user experience

Coindesk reports that the DogeTipBot is getting a $445,000 investment, led by Australia-based Blackbird Ventures. The investment will go to

Coindesk reports that the DogeTipBot is getting a $445,000 investment, led by Australia-based Blackbird Ventures. The investment will go to improve the user experience and attract a wider audience over the next 12 months.

The announcements comes right around the time of major tipping activity in the crypto world, with some declaring November 6th as a crypto tipping holiday.

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DogeTipBot allows users to express appreciation to their peers on forums like Reddit, Twitter and Twitch with dogecoins. According to founder Josh Mohland, DogeTipBot differs from other micro-transaction ideas that failed in the past because people get to use it when they want i.e. for tipping. This, as opposed to being forced to cough up a few pennies when confronted with a paywall.

Part of the development will be focused on Twitter, where there has been increased demand for the tool.

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Thus far, the service has reportedly processed 650,000 transactions, with a median value of 3 cents.

Blackbird Ventures managing director Niki Scevak explained that it is not economical to use a credit card for payments worth less than a dollar. Thus, the tool’s ability to socially express appreciation, its usefulness for micropayments and the strong Dogecoin community combine to make DogeTipBot a highly successful tool.

Mohland previously said that in three months, dogecoin tipping surpassed that of bitcoin for the past year.

For a detailed list of recent investment and M&A activity in the crypto industry, please visit the DC Magnates Crypto Deal Table.

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