Equity crowdfunding comes into its own as Wasteland 3 raises $2.75 million

InXile Entertainment hit its $2.75 million goal for the campaign for the development of Wasteland 3 on Fig. The campaign reached its month goal in just three days, showing both the demand for the Wasteland franchise and the maturing of this new crowdfunding platform. So far, the studio has raised $2.85 million.

InXile CEO Brian Fargo said in a brief conversation on Friday that Fig was a good place to raise the money because it allows contributors to own equity, or a piece of the profits that come from the sales of the game. That’s especially important, as the appetite for crowdfunding campaigns where all the fan gets is a T-shirt is starting to wane, Fargo said. He said it makes sense to offer equity to contributors, as the highest tier of donors — those who gave something like $50,000 to $500,000 — has pretty much dried up on Kickstarter.