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Explained: Quadratic Funding - The Future of Crowdfunding

Explained: Quadratic Funding – The Future of Crowdfunding

Summary:

Quadratic funding can encourage a diverse range of people to contribute to journalism, resulting in improved quality and usefulness of information. It incentivizes high-quality content creation and lessens the influence of large donors. However, there are also drawbacks, such as difficulty determining impact and the need for careful implementation.

Key points:

– Quadratic funding can encourage a diverse range of people to contribute to journalism, regardless of financial resources

– This can increase diversity of viewpoints and voices, improving the quality and usefulness of information

– It incentivizes high-quality content creation by paying for efforts that garner community support

– Large donors are less influential, ensuring allocation is more representative of community views and interests

– Quadratic fundraising platforms can encourage transparency and boost public confidence in journalism

– Drawbacks include difficulty determining impact, possibility of abuse, lack of diversity, and need for careful implementation

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