NFC has Piqued Interest Amongst the Crowdfunding Community

It looks like NFC is certainly not dead, as crowdfunding success proves that market interest in NFC technology does exist.

Crowdfunding enables companies to raise funds from anyone, offering rewards in return for a level of cash contribution. Increasingly, crowdfunding is being used as a pre-order platform for entrepreneurs to gauge if a market for a product exists before it is put into production. At least this is the approach that a young English programmer is taking with an NFC Ring, which has smashed its target funding target by over 400% with 12 more days to go. Take a look at the project here (and perhaps pre-order one too).

The NFC Ring can be used to unlock doors, mobile phones, transfer information and link people. This is not the first time that NFC wearable tech has made an appearance on a crowdfunding platform, with EmoPulse, a startup with plans to build the a smart watch embedded with NFC seeking funding of US$300,000 in June.

As more innovative applications of NFC emerge, it would be interesting to see if they will continue to garner support through crowdfunding.

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