The idea of crowdfunding isn’t a new one. Back in the 18th and 19th centuries, writers and philosophers would frequently secure investment, or the pledge of investment, for their next work.
In time, the concept was applied well beyond the arts; the pedestal for the Statue of Liberty was only completed after a public appeal and over 160,000 individual donations after government funding failed to come through. But it wasn’t until the rise of the internet that projects – again, first in the creative and entertainment industries – were widely funded through direct grassroots campaigns.
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https://coinidol.com/blockchain-crowdfunding-is-attracting-millions-of-dollars/
