Decentralized crowdfunding can boost artists during market downturn
Decentralized crowdfunding supports NFT artists through market crashes. Onchain purchases deliver direct capital and visibility when centralized platforms fail.
Opinion by: Joshua Kim, CEO and founder of DonaFi.
Traditional crowdfunding has always been pitched as a lifeline for creators. For non-fungible token (NFT) artists, most centralized models feel out of sync with reality. Fees are high, visibility is inconsistent and platforms increasingly optimize for momentum rather than need. During a market downturn, when liquidity dries up dramatically, the deck is stacked even higher against artists.
Decentralized crowdfunding ensures a more direct, transparent capital flow onchain from collectors who care about art, as opposed to quick flips. The recent effort led by longtime collector Batsoupyum and curator Lanett Bennett Grant makes the case very well.
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