π«The Problem for Web 3 Projects
Challenges in Early-Stage Project Support in Web 3.0:
π¨ Big Risk of Scams: Without a fair launch, there's a higher chance of scams. Sometimes project creators quickly take the money and run, leaving everyone else with nothing. This is really bad for trust and makes people wary of joining new projects. π§ββοΈToo Much Power to Few People: In a lot of new Web 3.0 projects, just a small group makes all the decisions. This means not everyone gets a fair say.
π° Hard for New Ideas to Get Money: New and creative projects often canβt get the funds they need. The big money usually goes to already well-known projects.
π§βπ€βπ§ Fragmented Community Engagement: Early-stage projects often suffer from a lack of community involvement, limiting their feedback and engagement essential for iterative development.
π€ Inadequate Platform for Collaboration: There is a significant gap in platforms that effectively bring together developers, investors, and enthusiasts for collaborative project development in the Web 3.0 space.
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