Online writing community Wattpad is testing a new program that would let fans help fund projects. The pilot focuses on the work of six writers. Readers can sponsor their favorite writers in the group to help them fund a story, an eBook, or professional services for a work such as editing, design or distribution, in exchange for rewards. Rewards for books include such things as having a character in a story named after the donor or getting a signed copy of a book once it is published.

Here is more from the press release:

The first wave of Wattpad fan funding includes campaigns by Brittany Geragotelis, author of Life’s a Witch which started as a story on Wattpad and was published by Simon and Schuster last year. Writer Tara Sampson aka writer MercyRose had a campaign to continue writing on Wattpad which has already been successfully funded and Jordan aka XxSkater2Girl16xX is on track to reach her goals in a thirty day period.

Follow this link for more details.