August 13, 2012 by Volamoot at Mashable!
Twitter is planning to restrict access to its API, and developers are worried. Some are publicly protesting via their blogs and group petitions. One bold group is seeking to build a full-featured social network to compete against Twitter and other ad-supported social networks.
After having raised $600,000 (and counting) via fundraising platform Kickstarter, the team behind App.net is ready to build a “real-time social service where users and developers come first, not advertisers.” The solution? An open, ad-free network funded by users (who pay $50 per year for basic access) and developers (who pay $100 year for API access and support).
posted by Mashable from http://mashable.com/2012/08/13/app-net-kickstarter-funding/