Wattpad ventures into community crowdfunding

TE Waters submitted a post yesterday on Wattpad's latest experiment with crowdfunding:

http://theonlinenovel.wordpress.com/2013/07/13/wattpad-does-crowdfunding/


I'm not sure if it's more Kickstarter or also more patronage-oriented. It's a really interesting idea given that the most popular of stories can average hundreds of thousands of readers.


I would guess that in this pilot phase they're only working with their featured authors.


Depending on how they execute this, to me, seems a little more fun and relaxed than Amazon's serial program.