Last updated 24th May 2022 by @Elijah Ajuwon

Raising funds through communities

Example: Daniel Allan

Using a Mirror crowdfund Daniel Allan raised 50 ETH (~ $100K) in exchange for 50% of the artist share for his EP ‘Overstimulated’.

Why?

Daniel Allan raised funds for Overstimulated so that he can…

• Retain creative control.
• Remove the creative bottleneck.
• Find a new avenue for building community.
• Experiment with a new way to fund a release.
• Raise working capital without selling ownership to a major label.
• Explore what a crypto-native EP looks like.

He broke down the use of funds and provided more detail on his timelines, incentives and roadmaps on his crowdfund article!