🧱Background

The broad context of Crowdfunding, and Web3's influence.

Traditional sources of crowdfunding have exploded in popularity with the advent of the digital age. Platforms like Kickstarter, IndieGoGo, and GoFundMe have brought a new era to the space.

These websites have made it easier than ever for almost anyone to fund their cause, big or small. While these websites have certainly changed the landscape of crowdfunding, problems have shown over the years. These sites are home to many scams and hoaxes, while also maintaining a corruptible central authority.

Platforms like GoFundMe have revoked funds from movements for not meeting arbitrary guidelines. This problem extends to areas all over the world with potential fundraisers unable to receive traditional fiat easily.

Whether it be regulatory, or political-legal, many are in situations where crypto is the only option. The web3 community has bootstrapped solutions for larger events with DAOs and NFT projects, however the merit of a streamlined solution has become clear.