Getting paid for providing content online isn’t simple, and as the ad-based economy continues to collapse pretty much everyone is looking for alternatives. One problem: While the web is great at moving images and audio and files around, it has a real problem with money. Coil, Mozilla, and Creative Commons hope to change that with a native web payments standard and $100M to get it off the ground.

“Web monetization” is the name of the game here, not just generally but also the specific new web protocol being proposed. It’s meant to be an open, interoperable standard that will let anyone send money to anyone else on the web.

That doesn’t mean it sprang fully formed out of nowhere, though. It’s based on a protocol

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