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Fandefi is a platform used to create and sell utility non-fungible tokens (NFTs) for fundraising, project fractionalization, content unlocking, and more. The platform is open to artists, musicians, filmmakers, and other creatives. It can also be used for community and open-source projects, public goods, and related projects. Users are able to set up backer tokens and a landing page to raise funds. A creative's backers or fans are compensated directly via revenue, content, and other utilities.
Artists are able to utilize the Fandefi platform for collaborative work when they share Backer Tokens amongst the creative team to receive compensation directly on each sale. Fandefi utilizes ERC 1155’s dual-purpose fungible plus non-fungible properties to develop utilities like crowdfunding.