Disclaimer

The viewpoints articulated in this piece are the author’s own and may not align with the perspectives of the editorial team at crypto.news.

In the realm of blockchain technology, one can consistently depend on the capricious nature of backing.

Despite the current semblance of a bullish market driven by substantial institutional investments via ETFs and real-world asset (RWA) tokenization, experienced blockchain professionals may still retain a sense of apprehension. The recollection of the corporate withdrawal from the crypto sphere during the prior bear market remains vivid.

This concern extends to corporate equity and venture capital sectors, where financial flows diminished as VCs tightened their hold on significant blockchain investments. While there has been a recent increase in institutional dedication, the underlying dread of a sudden downturn persists.

Although external investments in the blockchain sphere may seem uncertain, they are not the exclusive avenue for promising projects to secure support and foster their development. The blockchain sector boasts a rich heritage of internal support mechanisms that offer a foundation for skilled developers and inventive endeavors.

This internal support frequently manifests through minor investments, grant programs, or influential figures in the crypto domain serving as crucial backers in projects leveraging their connections. Occasionally, even a mere social media endorsement can profoundly influence a project’s trajectory.

Internal investments, whether monetary injections or non-financial aid such as accelerator schemes and mentorship programs, flourish in the blockchain realm due to its inherent communal spirit. The industry’s emphasis on mottos like “we’re all gonna make it” and the ethos of open-source development translate into concrete support uncommon in conventional sectors.

By accentuating internal growth prospects, blockchain advancement becomes less dependent on external capital fluctuations. This autonomy demonstrates the industry’s resilience when it functions on its own terms.

Beyond investment accelerators, prominent projects are actively involved in grassroots initiatives to promote collaboration, knowledge exchange, and cross-industry partnerships within the blockchain ecosystem.

For example, The Coreum Development Fund has broadened its series of workshops in universities across North America to inspire students from various disciplines to delve into blockchain technology and foster a collaborative atmosphere. Simultaneously, the enterprise-focused Layer-1 recently completed the third phase of its grant initiative, backing projects that innovate on the Coreum blockchain platform.

Through its grant programs, encompassing eight diverse projects utilizing Coreum as a foundational base, and its educational efforts to connect academic departments, this network illustrates how industry frontrunners can encourage cooperation and early-stage backing for emerging projects.

If successful blockchain networks persist in embodying this culture of knowledge dissemination, incubation, and progress, there is a plethora of untapped potential for revolutionary projects.

This approach also assures developers that there are alternate routes to secure support beyond conventional external channels. While the upsurge in institutional interest in blockchain is undeniably encouraging, projects should acknowledge that it is not their exclusive pathway for advancement.