What is Crowd Funding?

Crowdfunding is the practice of funding a project or venture by raising small amounts of money from a large number of people, typically via the Internet. This approach taps into the collective efforts of a large pool of individuals—primarily online via social media and crowdfunding platforms—and leverages their networks for greater reach and exposure.

Crowdfunding is a form of crowdsourcing and alternative finance. In 2018, over US$50 billion was raised worldwide by crowdfunding.

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