Crowdfunding is one of the "new" tech economy's sharpest double-edged blades. While it has served as a legitimate platform for fans to support products and content they genuinely believe in and want to see become a reality, it is also ripe for scamming and incompetence. Case in point: Fonkraft, a $50,000 Indiegogo campaign that allegedly will culminate in the production of a Project Ara-style modular smartphone.
To date, the flex-funded (as in, even if it doesn't reach the goal, the project still gets what money was raised) campaign has amassed over $25,000 from people who probably know no better, with over 130 phones funded by supporters.Read More
Indiegogo Continues To Have No Standards, Allows $50,000 Flex-Fund Campaign For Vaporware Modular Smartphone was written by the awesome team at Android Police.
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