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Reddit Introduces Their New Crowdfunding Site Redditmade

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The popular "front page of the Internet" is expanding with a little help from its users, launching a new crowdfunding site called Redditmade.

"We are thrilled to announce an entirely new project that we hope will enhance your experience on reddit, create stronger subreddit communities, allow redditors to collaborate and support each other, and empower redditors to make a difference," Reddit announced in a post 

Similar to the concept behind the crowdfunding site Kickstarter, the new site allows moderators to create projects that are backed by Redditors.

"Redditmade is a new place to turn the best designs and products by the community into reality," the sharing site says. "Redditmade gives you the flexibility to create almost anything you want, easily raise money, and support causes you care about."

The crowdfunding site was created to provide a platform for subreddits to sell merchandise, but all Reddit users can start their own campaign. Official Reddit community merchandise will be spotlighted and may be eligible for free ads in their subreddit.

The campaigns, again like Kickstarter, have time limits and require users to set a goal before the end date of the project.  If a project does not reach its target goal of funding, none of the users who backed the project will be charged.

"It's also a great way for others to find awesome new products they'll love and support other redditors while knowing their information and money will always be secure," the post adds.

Redditmade's charitable aspect allows moderators to donate over-funded profits from their projects to charity.

Reddit raised $50 million last month and has 115 million unique visitors a month, with over five billion monthly page views.

The new crowdfunding site is still in beta and will only be able to make payments to U.S. bank accounts. The full launch of Redditmade is still not known, but users can submit feedback on the beta at the Redditmade subreddit.

Current projects include a t-shirt with a Reddit alien on it. Just what the world of crowdsourcing needs, inspiring Reddit merchandise. 

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