Which of the following is a method of crowdfunding?

Prepare for the T Level Media, Broadcast and Production Exam. Study efficiently using flashcards and multiple choice questions, complete with helpful hints and explanations. Ace your exam with confidence!

Crowdfunding is a method of raising funds through small contributions from a large number of people, typically via the internet. Online campaigns are the most recognized form of crowdfunding, utilizing platforms specifically designed to facilitate this process. These platforms allow individuals or organizations to present their projects, set funding goals, and engage with potential backers, enabling supporters to contribute financially to ideas and initiatives they believe in.

Unlike government grants, private loans, or fundraising dinners, which rely on more traditional financing sources or methods to gather funds, online campaigns leverage social media and digital marketing to reach a wider audience, making it a distinct and innovative approach to fundraising. The interactive nature of online platforms also allows for ongoing engagement with backers, further enhancing the crowdfunding experience.

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