Crowdfunding is collaboration of people who voluntarily donate their money or other resources to support other people, organizations, or projects. It can serve a variety of purposes: disaster relief, fan support, political campaign support, funding start-ups and small businesses, creating free software, generating profit from joint investments, etc. Compared to fundraising by subscription, known to mankind for a long time, crowdfunding is easier, more efficient and has greater reach and potential through the use of specialized Internet platforms available from anywhere in the world.
Anyone can participate in crowdfunding and support the creator. The introduction of the practice is far ahead of the development of legislative and tax instruments in this area, which are necessary for the full-scale implementation of the practice into the economic system.