Education and Technology

Difference Between Crowdsourcing and Crowdfunding

Education and Technology

Difference Between Crowdsourcing and Crowdfunding

Both crowdsourcing and crowdfunding have the same underlying dynamics. In fact, crowdfunding is derived from a broader concept of crowdsourcing, which is simply seeking ideas, opinions, or solutions from a large network of undefined people, colloquially refers to as the crowd. Crowdfunding is based on the same logic as crowdsourcing, it seeks funding from potential investors or individuals with similar interests in return for a reward or profit.

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