$30M grant by CoinDCX and Solana! Web3 Startup tips and risks for new founders & builders. $10M fund for female-led web3 startups! Web3 jobs & news you can't miss!
🚨 Web3 Startup tips and risks for new founders & builders
🤩 CoinDCX and Solana launch INR 25Crgrant!
👩💻 $10 million fund for female-led web3 startups!
🤔 TWIW3 Startup Talks
India is the hotspot of fresh web3 ideas. Leading web3 startups like Polygon, CoinDCX, and CoinSwitch Kuber are attracting billions in funding and minds to build blockchain solutions, dApps, and services. If you’re a web3 builder, what problem are you building for?
Here are some promising business ideas we found for you 👇
⛓ Supply Chain Transparency: Web3 technology can be utilized to create transparent supply chains. Entrepreneurs can leverage web3 to develop platforms that trace products from origin to end-user, guaranteeing authenticity and quality.
🛠 Web3 Analytics Tools: Develop analytics tools tailored for web3 applications. These could provide insights into blockchain transactions, DeFi trends, NFT sales, and more. Examples are DeFi Lama and Dune Analytics.
🩺 Web3 Healthcare: Focusing on patient-centered care, secure data, and telemedicine, you have the opportunity to create platforms for managing medical records, facilitating remote consultations, and overseeing health data.
🎮 Blockchain Gaming: Merging gaming thrills with blockchain's security and transparency, you can create blockchain-powered games and virtual and in-game NFT trading spaces, appealing to web3 gamers.Example: Axie Infinity and Decentraland
📲 Decentralized Social Networks: DeSo apps resist censorship and give users control. It is a peer-to-peer network that uses decentralized storage like IPFS to protect user info. Blockchain-based social platforms use native tokens for monetization. For example, Mastodon and Minds.
Web3 is a promising industry that has seen significant growth over the last few years. In the year 2022, Web3 companies secured an investment of $2.8 billion. By 2028, the global Web 3.0 Blockchain Market is expected to generate revenue of USD 23.3 billion.
But First, Some Key Considerations for New Web3 Builders & Founders 👇
🚨 High Risk of Failure: A 2017 report by Deloitte revealed that 90% of blockchain-based companies failed or flatlined within the first year. Stay adaptable and continuously learn from the evolving market.
❌ No Exit Strategy: Once the tokens are distributed, you’re committed to your company. You owe it to your token-holders to stay with it for its lifecycle.
📊 Navigating Unpredictable Markets: Web3 projects are more volatile than their traditional counterparts. Startups can still thrive by understanding user needs and being ready to adapt new strategies and business models.
✋ Reputational Challenge: In 2017, web3 had a bad reputation due to scams and frauds. Even in 2024, high-profile scams still mar web3's reputation. Prioritize transparency, implement strong security, and actively engage in community education.
Despite the challenges, the web3 ecosystem is primed to enter a bull market. Companies can and do succeed in this space, but it requires a visionary spirit, an ethical mindset, and the grit and determination to see things through.
Do you have it in you? 👀 We hear YES! Then scroll down and find some grants for your NEXT BIG IDEA! 👇
💰 Available pool of support:$50M Supporting teams focused on use cases leveraging Aleph Zero. These can range from novel ZK-SNARK applications, DeFi use cases, to improvements on the network
💰 Available grant: $10K, $30K and unlimited funding Level 1 targets individuals and small teams, offering up to $10K. Level 2 is for start-ups, with grants up to $30,000. Level 3 is for established companies, offering unlimited funding.
Dive deeper into Web3 basics with The Product House 🚀
Open doors for bigger and better opportunities by kickstarting your journey led by seasoned Web3 builders. Your glorious Web3 self is just one click away! 👇
Smart contract platform Axiom has raised $20 million in a Series A round. The firm plans to use the funds to accelerate the development of its product, which proposes a new method for accessing authenticated data on-chain using zero-knowledge cryptography.
Bitget has launched the “Blockchain4Her” initiative, a $10 million fund to support female-led startups in the Web3 sector. This move aims to bridge the gender gap in the blockchain industry and create a more equitable and inclusive future.
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Patara APP, a secure password manager leveraging web3, offers encrypted storage on the Polygon network, safeguarding your passwords from prying eyes. Ideal for individuals seeking a secure and free solution for password management.
Let’s get into Posty’s fresh pecks from the world of web3!
😵 Polish researchers used the Golem blockchain network to simulate life’s origins on Earth. The project, 100,000 times larger than their initial attempt, simulated 11 billion reactions using 20,000 CPU cores.
📈 Solana’s NFT sales have surged past $60 million, surpassing Bitcoin. Meanwhile, Polygon Labs has announced the timeline for its Polygon 2.0 launch.
🚓 Banmeet Singh, an Indian national, pleads guilty to selling controlled substances on dark web marketplaces. He agreed to forfeit $150 million, marking the largest crypto seizure by the US Drug Enforcement.
✨ Like the newsletter? You'd love the writers behind it! Follow the editorial team at Spacekayak and get the creative team you need for your next big web3 project.
💡 New to web3? Start your web3 journey with a series of live learning masterclasses & workshops by The Product House
