New crowdfunding platform Fig now open to public backing - MCV

New crowdfunding platform Fig now open to public backing

Unaccredited investors able to pledge up to $10,000 for next campaign
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Fig has announced that the next project seeking funding via its new crowdfunding platform will be open to public investment.

The service launched a few months ago and aims to offer a more curated, focused alternative to popular sites such as Kickstarter and Indiegogo. So far, only accredited investors have been able to pledge money towards new game projects.

Fig has already attracted high profile devs such as Rock Band creator Harmonix and Scribblenauts studio 5th Cell.

The next campaign that runs on Fig will be open to investment from absolutely everyone, something the site’s founders told Develop was planned from the beginning.

However, there are limits in place.

While any fan can be an investor for this next project, they may not invest more than 10 per cent of their annual income or net worth. The maximum is $10,000.

There is also a minimum investment; in this case $1,000, although this will change for each future campaign.

“We believe that fans, in addition to having the opportunity to participate in the rewards-only tiers, should also have the opportunity to buy shares and participate in the financial success of a title,” said Fig CEO Justin Bailey. 

“This is important because we don't feel that there should be a class distinction between fans and investors. Our belief is that fans and investors are one in the same – they are individuals who lend financial support to make a project possible, and they should all have an opportunity to participate financially. Now they can.”

The next campaign will be revealed in December. You can find out more about Fig in our original interview.

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