Microfunding

I just came across this on a site entitled "The Goal Was So Near" :

"Surely there is no doubt to anyone who has been following cultural and entertainment news over the last few years that the music industry is going through a major restructuring.  But while the old powers that be are still figuring out how to adapt to the changing landscape, some forward thinking artists are already on top of the newly emerging possibilities.....Washington-based indie rock band Shane Hines and the Trance is the latest of those innovative creators to successfully apply the principles of microfunding to support their endeavors.  Their new CD, to be released next month, has been completely funded by fans who contributed over $34,000 to enable the duo to produce the record."

"Microfunding" - I like it.