Experts claim that crowdfunding platforms have five major advantages: performance, scope, simpler presentation, built-in PR and marketing, and near-immediate idea validation. Thus, crowdfunding has risen in popularity as a viable alternative to venture capital (VC). Additionally, it has provided a new audience for non-traditional projects, such as those launched by in-need families or optimistic creatives. Indeed, to date, $34 billion has been raised by crowdfunding campaigns, contributing nearly $65 billion to the global economy, according to estimates. All crowdfunding outlets could be valued at $90 billion, surpassing venture capital funding in the process. However, there are challenges as well that are hindering their adoption. Let’s find out what are those and how blockchain app development can help.