The blockchain earns the popularity across crowdfunding sector

The blockchain-based projects are changing the crowdfunding sector by creating global crowdfunding community and a marketplace for everyone by decentralized blockchain for transaction verification. The evidence of growing interests in the blockchain-based crowdfunding initiatives comes from the movie BRAID that became the first influential feature film to be financed through a token “crowdsale” on the Ethereum blockchain through its $1.7M campaign. Furthermore, Initial Coin Offerings (ICOs) are regarded as another example of blockchain-based crowdfunding. It means that companies can sell cryptocurrency backed tokens in their companies in the same manner as a publicly traded company sells stock. OpenLedger, the startup, serves as an example of a company that makes that possible.

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