Crowdfunding is a method of raising money for a project or venture by collecting small amounts of money from a large number of people through an online platform. It allows individuals or organizations to gather financial support for their ideas or initiatives.
Think of crowdfunding as throwing a big party where everyone chips in some money towards making it happen. Each person's contribution adds up and helps bring the party to life.
Kickstarter: Kickstarter is a popular crowdfunding platform that focuses on creative projects such as art, music, film, technology gadgets, etc.
Indiegogo: Indiegogo is another well-known crowdfunding platform that supports various types of campaigns including creative projects, charitable causes, entrepreneurial ventures, etc.
Donation-based Crowdfunding: Donation-based crowdfunding involves collecting funds without offering any financial return or equity in exchange for contributions. It often supports charitable causes or personal needs.
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