Crypto projects need more visionary funding for long-term growth
The recent euphoria in crypto markets, especially after the US presidential race, has reinforced Bitcoin's status as a mature asset class, surging past the $100,000 mark. This significant bull run drew considerable investment from institutions; however, the long-term innovations in blockchain and Web3 technology remain uncertain. To cultivate Web3's potential, investors must shift their focus from immediate gains to building a sustainable vision that aligns with the economic and societal advancements of the technology. As many crypto startups adapt to evolving funding landscapes, alternative funding channels like community-led initiatives, grants, hackathons, and accelerators are becoming increasingly important. These programs not only provide critical support but also promote the core values of Web3. Moreover, cross-industry collaborations and nuanced investment strategies that emphasize interoperability between blockchain and emerging technologies, such as AI, are vital for realizing measurable economic outcomes. Web3's promising future hinges on a robust funding framework and visionary thinking from the investment community to support long-term growth and beneficial societal impacts.
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