Livestream fundraising has become quite popular in the gaming community and many users with a sizable following engage in charitable initiatives that support different not-for-profits — from causes pertaining to mental health to environmental charities. However, there is a problem with livestream fundraising and it is "that not all the funds go directly to the charity" as there are extra fees and charges that usually go into processing each donation. Streamlabs has come up with a solution to this problem.
The streaming service has created a special fundraising platform that allows users to "bypass the 5% fee that most platforms build into their campaigns."
The livestream fundraising platform is in its beta stages of testing.
Image Credit: Streamlabs
Streamlabs Solves a Problem in Livestream Fundraising
1. Livestream Fundraising - Disruptive innovation opportunity: Develop a platform that ensures all funds go directly to the charity by eliminating extra fees and charges.
2. Gaming Community Initiatives - Disruptive innovation opportunity: Create a platform specifically designed for gaming community fundraising, catering to their unique needs and interests.
3. Fee-free Fundraising - Disruptive innovation opportunity: Introduce a fundraising platform that does not charge any fees to allow for maximum impact and support for charities.
1. Livestreaming - Disruptive innovation opportunity: Develop livestreaming tools and platforms that integrate seamless fundraising capabilities to empower content creators and viewers.
2. Charitable Giving - Disruptive innovation opportunity: Create innovative solutions for charitable giving that minimize fees and provide transparency to ensure funds are directed towards the intended causes.
3. Gaming Community - Disruptive innovation opportunity: Build specialized platforms and services for the gaming community that facilitate seamless and transparent fundraising initiatives.