Crowdfunding was actually born long ago. For example, the Eiffel Tower in Paris (built 1887) and the Statue of Liberty in New York City (built 1886) were both crowdfunded. Crowdfunding on the Internet started in the early 2000’s; there was no way to raise money online at the time before that, and founders all had to create their own platforms from scratch. Since then, hundreds of crowdfunding platforms have arisen, all with much the same model: bring your audience with you, and figure it out (mostly) on your own. Those platforms have historically all taken a percentage of your hard-earned proceeds.

Throughout history, geniuses, inventors, and artists have had ideas that have changed humanity around them. However, one of the greatest challenges is that, most of the time, great ideas cannot be properly realized. Ideas remain ideas, because of the lack of adequate funding to support the project, the founder, and the team.

Crowdfunding platforms have changed the landscape of microfunding dramatically. However, digital crowdfunding platforms haven’t shown any significant innovation in nearly a decade. Fundition is steeped in innovation, and we believe that the Steem coin and its ecosystem will make a dramatic difference in fundraising for the next generation of founders.