ATLANTA, GEORGIA, Jan. 03, 2023 (GLOBE NEWSWIRE) — DeFi supernetwork, SideKick Finance, has launched JumpStart, its decentralized NFT crowdfunding platform that allows multiple creators to bring valuable ideas to life and empowers investors.
It’s no secret that crowdfunding has huge potential for creators and entrepreneurs to help them raise the much-needed financial resources to power their projects. It allows democratization of the investment process, so that everyone can contribute and invest in innovative projects.
However, there are significant limitations to the current model – limitations that are part of larger problems with the existing web2 paradigm. Despite the success of web2 crowdfunding platforms in connecting millions of people to finance worthwhile projects, they are based on highly centralized models with many limitations.
Embracing decentralization while maintaining the mass scale advantages of web2 will be key to the transition to web3. The benefits of this cannot be more evident anywhere than in crowdfunding. While blockchain-based solutions have demonstrated their potential to revolutionize crowdfunding, they do not solve the fundamental problem of not providing enough benefits to donors.
This is where JumpStart comes in.
What is JumpStart?
JumpStart is a new revolutionary NFT crowdfunding platform distributed across multiple EVM networks (ETH, BSC, CRO, POLYGON). A fully decentralized self-service portal for anyone to leverage the power and utility of NFTs to get a campaign up and running within minutes.
JumpStart provides an efficient, scalable and highly interoperable crowdfunding platform that supports various use cases from gaming, art, music, charity and more.
Leverage NFTs to raise funds
Instead of patching up an outdated system, JumpStart reimagines crowdfunding with NFTs. Using NFTs and smart contracts, JumpStart offers creators a way to crowdfund any idea, DAO or business safely, securely and decentralized, while offering contributors transparency.
Every step of the crowdfunding process – collection, deposit and disbursement of funds – is verifiable and traceable since it is built on the chain. And with a decentralized and familiar interface, anyone can get a campaign up and running in no time. JumpStart offers a host of smart contract integrations and features to ensure smooth sailing campaigns.
Furthermore, contributors’ generosity to a project is rewarded by awarding rare NFTs along with other benefits. NFTs will be created for different contribution levels to capture the history and inspiration involved in the project.
In a typical campaign, the creator sets up the campaign and creates NFTs for the contribution levels. The investor selects a level, donates and receives a rare collectible NFT (along with other benefits) based on that contribution level. Contributors become part of the creator’s community by holding the NFTs. Received NFTs can also be traded on secondary marketplaces, and creators can choose to collect royalties.
“Current crowdfunding platforms offer different contribution levels at different prices that offer rewards. JumpStart will offer the same style of rewards and benefits and reward each contributor with a unique NFT and their benefits.” says Ashton, CEO of Signed Trade.
“The decentralized nature of blockchain and crypto is a huge advantage for crowdfunding. One of the biggest crowdfunding sectors is gaming. By offering NFT, creators can stay even more connected to the people who have contributed and been a part of their community since today 1. We offer access to NFT, Defi and Cryptocurrency, embedded smart contracts and Defi tools.” he continued
A sense of community at its core
Incorporating security, stability, transparency and community initiatives perfectly encapsulates the SideKick Finance brand. A new web3 project can use JumpStart to raise funds in a transparent and trustless way, without risk. Using NFTs, project owners can quickly build large communities around their projects.
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