As a researcher with several years of experience in the blockchain industry, I can’t help but feel a sense of unease despite the recent surge in institutional investment and tokenization. The memories of the corporate exodus during the last bear market are still fresh in my mind, and the anxiety that comes with it is palpable.

In the realm of blockchain technology, one constant factor is the unreliability of relying on support.

Although there are signs of a bull market with significant institutional investment through ETFs and RWA tokenization, any experienced observer in the blockchain industry would be justified in feeling a sense of apprehension. It’s worth noting that we’ve witnessed a large-scale departure of corporations from crypto and the blockchain sector during past bear markets.

Corporate equity and venture capital share the same apprehension regarding blockchain investments. Cash flow came to a standstill as VCs curtailed large-scale blockchain funding. Recovery has begun with institutional investors showing renewed interest, but the fear of an imminent collapse persists.

Looking inward

As a researcher studying the blockchain industry, I’ve noticed that some may perceive external investment as the only viable option for funding worthwhile projects. However, I’d like to emphasize that this is not the case. The blockchain ecosystem has a rich history of providing internal support to talented developers and innovative projects. By leveraging the community’s resources and collaborative spirit, many groundbreaking initiatives have been able to thrive and make significant strides in the industry.

Frequently, internal backing for projects in the crypto space manifests through smaller investments, the provision of grants, or influential figures in the industry serving as catalysts by investing in initiatives that are part of their network. At times, even a single retweet can significantly impact a project’s development.

In the dynamic world of blockchain technology, internal investments, which can take the form of financial infusions or non-financial resources such as incubator programs and mentorship opportunities, thrive. The reason behind this success lies in the unique communal character of the industry. When the ethos of “we’re all in this together” and open-source development are deeply rooted within blockchain and web3 culture, it fosters a collaborative environment that is less prevalent in conventional industries. Consequently, material support in the form of knowledge sharing, resources, and encouragement becomes more accessible and beneficial to all involved.

In a similar vein, focusing on internal advancements within the blockchain sector allows for continuous growth and progress, unfettered by external influences such as VC funding or market sentiment. This underscores the robustness of the industry when it relies on its inherent strengths.

In addition to investment accelerators, you’re involved in larger initiatives that focus on community engagement, expanding collaborative efforts, and fostering knowledge sharing across various sectors of the blockchain industry.

The Coreum Development Fund has expanded its university workshops to promote blockchain education among students in North America, fostering a collaborative environment. Simultaneously, Layer-1, an enterprise-focused blockchain network, concluded the third round of its grant program for projects developing innovative solutions and tools on the Coreum blockchain.

Using its grant program with eight projects covering various industries and applications that utilize Coreum as a foundation, and its efforts in higher education to establish connections between academic departments, the network demonstrates one method for major players in business to encourage cooperation and provide initial backing for upcoming projects.

As a crypto investor, I believe that if successful blockchain networks persist in their commitment to sharing knowledge, nurturing new projects, and providing development resources, there’s an immense reservoir of untapped potential for groundbreaking initiatives.

Developers are additionally informed that there exist diverse avenues for bolstering support within the blockchain industry that do not necessitate relying on external backers. Hence, while the significant institutional investment in blockchain is undeniably motivating, projects must recognize that this isn’t their sole means of expansion.

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2024-04-27 16:40