Web3 is known for its numerous projects looking to drive innovation in various sectors. Each new idea holds the potential to revolutionize the blockchain landscape, but they can’t always be implemented with force of will alone. Grants are usually the best solution for early funding. Projects receive money, sure, but more importantly they get opportunities to connect with peers, a springboard with potential investors, as well as free advertisement and reputation.
Some very well-known protocols have started out from grants, or achieved success partly due to the grants they received. For instance, Chainlink benefited from early funding and grants from various sources, including the Web3 Foundation. Similarly, Uniswap became one of the most popular DEXs in the crypto space with early support from the Ethereum Foundation, among others. Learn More
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