As the crypto industry continues to evolve, the role of launchpads in funding new projects has come under scrutiny. While launchpads have traditionally been seen as a way to raise capital for innovative ideas, some critics argue that they have become cash-grab funnels that fund projects without substance. In response to this concern, there is a growing call for launchpads to focus on building better projects rather than simply raising more funds.

Launchpads are platforms that help new crypto projects raise capital by offering them access to a pool of investors. These platforms provide a way for projects to reach a wider audience and secure the funding they need to bring their ideas to life. However, the increasing number of launchpads in the industry has raised questions about the quality of projects being funded.

Critics argue that many launchpads prioritize fundraising over due diligence, leading to a proliferation of projects with little to no real value. This has led to concerns about investor protection and the long-term sustainability of the crypto industry. In response to these challenges, there is a growing demand for launchpads to take a more proactive approach to vetting projects and supporting those with genuine potential.

One approach that some industry experts are advocating for is the development of launchpads that focus on building better projects, rather than simply raising more funds. By prioritizing quality over quantity, these launchpads can help ensure that the projects they support have a strong foundation and are more likely to succeed in the long run.

In addition to improving the vetting process, there is also a push for launchpads to provide more support and guidance to the projects they fund. This could include offering mentorship, networking opportunities, and access to resources that can help new projects navigate the challenges of building a successful crypto project.

By taking a more hands-on approach to supporting projects, launchpads can help ensure that the projects they fund have a higher chance of success. This could ultimately benefit not only the projects themselves but also investors and the broader crypto community.

Overall, the call for launchpads to focus on building better projects reflects a growing recognition of the need for quality and sustainability in the crypto industry. By prioritizing substance over hype, launchpads can play a crucial role in shaping the future of the industry and helping to bring about meaningful innovation. In the fast-paced world of crypto, it is essential for launchpads to evolve and adapt to ensure that they are supporting projects that have the potential to make a real impact.

Source: https://cointelegraph.com/news/launchpads-funding-ideas-not-products?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound