Crowdfunding is the collective collaboration of people to fund a project. It could be, for example:
product or object – a monument, innovative technology;
service – festival, hairdresser, production;
non-material direction – research, book, application;
target direction – fundraising for orphans, support for political campaigns.
The author of the project must captivate the sponsor with the idea. Projects are published on crowdfunding sites, where the authors show their ideas, and anyone who wants to donates money for them. Crowdfunding can be compared to how you collect money from friends to give a friend an expensive gift, and in return they feed you a cake. Continue reading