I was also looking for the same answer since I am working on a similar crowdfunding platform as Kickstarter is, but I need to use PayPal.
After a lot of Googling and reading about PayPal's Adaptive Payments API I found out that it's possible by using the Preapproval API and then if the project is funded I can use Chained Payments to send the money to the project creator and to also retain a small fee (a percentage) for using the crowdfunding platform.
If you are looking for some PHP libraries you can found 2 versions at the links below.
One is a library for the CodeIgniter framework and the other one is a PHP API class that can be used anywhere. So, here are the links:
CodeIgniter Library - http://www.binpress.com/app/paypal-adaptive-payments-pro-codeigniter-library/140
PHP API Class - http://www.binpress.com/app/php-paypal-pro-adaptive-api-class/612
I see now that your question is 2 years old, I just hope this answer helps others looking for answers regarding PayPal's Adaptive Payments API.