Crowdfunding

Crowdfunding is a method of raising funds from a large number of people, typically via the internet, to support a project, business venture, or cause. This approach enables individuals or organizations to gather small amounts of money from a wide audience, bypassing traditional funding sources like banks or venture capitalists. Crowdfunding often involves platforms where project creators present their ideas and set financial goals, while backers can contribute funds in exchange for rewards, equity, or simply to support a cause they believe in. It has gained popularity for startup funding, creative projects, charitable initiatives, and social causes, allowing projects that might not receive traditional financing to gain traction and ultimately reach their funding goals.