Crowdfunding is a method of raising capital for a project or venture by collecting small contributions from a large number of people, typically via the internet.
In crowdfunding campaign, a person or organization sets a funding goal and creates a campaign page on a crowdfunding platform, where they describe their project & explain their funding needs.
Crowdfunding is typically open to anyone who has a project or idea that they want to fund. However, there may be certain criteria that need to be met depending on the platform.
There are several types of crowdfunding, including donation-based crowdfunding, reward-based crowdfunding, equity crowdfunding, debt crowdfunding, and real estate crowdfunding.
The most well-known crowdfunding websites, include Kickstarter, GoFundMe, Indiegogo, Crowdfunder, Patreon, and Fundable. Each have their own unique features and benefits.
Crowdfunding can be used for wide range of projects, such as creative projects, social causes, and personal needs. The rules of crowdfunding can vary depending on the country or region in question.