CrowdFunding Beat News, The term is fairly new, because crowdfunding was unrealistic before the use of the Internet. It is being experienced with as a funding source for creative work such as blogging, journalism, music, independent film, and also for funding startup companies. A variety of crowdfunding platforms have emerged and are continuing to grow and innovate. One of the first and most well-known crowdfunding platforms is Kickstarter.
Web users can now support philanthropy and civic projects without the need for large amounts of money. GlobalGivingis a company that creates crowdfunding for non-profits and social entrepreneurs located all around the world. Since 2002, GlobalGiving has raised $96,149,432 from 355,315 donors who have supported 8,902 projects.
Crowdfunding is a great example of digital philanthropy. It is already happening today and the capabilities of widespread knowledge and use can impact the world in so many incredible ways. GlobalGiving is proof that digital currency isn’t a necessity for crowdfunding to be a reality. People can already begin to spread the word and usecrowdfunding websites to help support others, or even gain support themselves from the generosity of others. However, digital currency would make the process much easier and with little to no fees. This could help boost the opportunity and capability of crowdfunding, creating more jobs and opportunities for people all over the world!