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travel, and community-oriented social entrepreneurship projects.[7] Though crowdfunding has been suggested to be highly linked to sustainability, empirical validation has shown that sustainability plays only a fractional role in crowdfunding.[8] Its use has also been criticised for funding quackery, especially costly and fraudulent cancer treatments

Although similar concepts can also be executed through mail-order subscriptions, benefit events, and other methods, the term crowdfunding refers to Internet-mediated registries.[4] This modern crowdfunding model is generally based on three types of actors - the project initiator who proposes the idea or project to be funded, individuals or groups who support the idea, and a moderating organization (the "platform" that brings the parties together to launch the idea.[5]

Crowdfunding has been used to fund a wide range of for-profit, entrepreneurial ventures such as artistic and creative projects,[6] medical expenses,

Crowdfunding is the practice of funding a project or venture by raising small amounts of money from a large number of people, typically via the Internet. Crowdfunding is a form of crowdsourcing and alternative finance. In 2015, over US$34 billion were raised worldwide by crowdfunding