Award recognizes Bags.fm’s model for enabling developers and creators to fund projects through onchain participation

LOS ANGELES: Bags.fm, one of the fastest-growing global crypto-native launchpads for developers and creators, today announced it has been named the winner of the “Crowdfunding Innovation Award” in the 10th annual FinTech Breakthrough Awards program. The program recognizes companies and technologies driving innovation across the global financial technology industry.

Bags.fm operates a token-based launchpad designed for sustained, internet-native participation rather than one-time fundraising events. Through its onchain participation model, developers and creators can launch projects publicly, allowing communities to discover, engage with, and financially support those projects through ongoing marketplace activity.

“Developers can build products faster than ever today, but traditional funding paths often haven’t kept pace with how quickly ideas can come to life,” said Finn Bags, founder and CEO of Bags.fm. “Our goal is to give builders a new way to bring projects to market, connect directly with communities, and generate financial support through open participation on the internet.”

With a deliberate, infrastructure-first approach to development, the company has focused initially on building core consumer and participation tools. In addition to functioning as a creator launchpad, the platform also serves as a discovery marketplace for new projects and communities. Bags.fm aims to lower technical barriers for creators while preserving key financial technology principles, including transparency, non-custodial execution, and auditable transactions. Community members participate directly onchain, and creators receive payouts programmatically through platform activity, creating a funding mechanism that remains active as long as participation continues.

“We believe the internet will produce entirely new kinds of businesses, communities, and creative projects,” Bags added. “Recognition like this from FinTech Breakthrough reinforces the idea that financial infrastructure itself is evolving, and that builders should have more ways to experiment with how their work is supported.”

Bags.fm does not require creators to raise funds or tokenize their work. Participation is optional, and creators retain control over how and when they engage their communities. The launchpad has also been used to support cause-driven and mission-aligned fundraising efforts. For developers, Bags.fm exposes a full REST API with a TypeScript SDK, making it easy to integrate Bags functionality into applications.

Since the launchpad officially went live in 2025, Bags.fm has facilitated more than $5 billion in total onchain volume, with creators receiving more than $40 million in payouts through platform activity.

The FinTech Breakthrough Awards program recognizes innovators across a wide range of categories, including digital banking, payments, cryptocurrency, lending, investments, RegTech, InsurTech, and personal finance. The 2026 program marks the 10th anniversary of the awards, highlighting a decade of financial technology innovation.

About Bags.fm

Bags.fm is a crypto-native launch platform that enables developers and creators to build, launch, and distribute tokenized internet products. Through its launchpad infrastructure and developer tools, the platform allows builders to experiment with new funding models, applications, and monetization strategies across the on-chain ecosystem.

Learn more at https://bags.fm, and follow Bags on X at https://x.com/BagsApp

About FinTech Breakthrough

Part of Tech Breakthrough, a leading market intelligence and recognition platform for technology innovation and leadership around the globe, the FinTech Breakthrough Awards program is devoted to honoring breakthrough innovation in financial technologies and services companies and products. The FinTech Breakthrough Awards provide public recognition for standout achievements across categories including payments, personal finance, cryptocurrency, wealth management, fraud protection, banking, lending, RegTech, InsurTech, and more. For more information, visit FinTechBreakthrough.com.

Tech Breakthrough LLC does not endorse any vendor, product or service depicted in its recognition programs and does not advise technology users to select only those vendors with award designations. Tech Breakthrough LLC recognition consists of the opinions of the organization and should not be construed as statements of fact. Tech Breakthrough LLC disclaims all warranties, expressed or implied, with respect to this recognition program.

Fonte: Business Wire