As mentioned in a recent article, funding in the web3 space takes a different approach, although a bit similar to how it's done in web2.

While we have incubators and accelerator programs in web2, there are launchpads in web3 that provide an ecosystem for blockchain projects to access funding, build their communities and also form strategic partnerships.

In this article, we will look at web3 launchpads and learn a thing or two about them. Sounds cool? Let's begin!

What is a web3 Launchpad?

A web3 Launchpad is a platform that incubates, verifies and connects web3 projects to funding. This funding is used in developing the project and in scaling. Web3 launchpads also help build communities around the projects.

The Launchpad Ecosystem

These launchpads provide a foundation for blockchain projects

1. Fundraising and Token Launch

Web3 launchpads are instrumental in helping blockchain projects kickstart their journey by facilitating token sales, initial coin offerings (ICOs), or initial decentralized exchange offerings (IDOs) to raise capital. This allows projects to secure the financial backing needed for development and expansion.

2. Community Building

A thriving community is crucial for the success of any blockchain project. Launchpads serve as hubs where early supporters and investors can engage with the project team, fostering a sense of belonging and shared vision.

3. Token Distribution

Ensuring a fair and transparent distribution of project tokens is a key function of the Web3 launchpads. This broadens ownership, promoting inclusivity and preventing token concentration.

4. Partnerships

Web3 launchpads facilitate strategic collaborations between emerging projects and key players in the blockchain and cryptocurrency space. These partnerships contribute to the overall growth and success of the projects.

5. Due Diligence and Access to Resources

Maintaining credibility in the blockchain space is vital. Launchpads conduct due diligence on projects before allowing them to launch, providing a layer of trust and assurance for potential investors.

Projects launching through Web3 launchpads also gain access to a network of advisors, experts, and resources. This collaborative ecosystem enhances the projects' capabilities and increases their likelihood of success.

6. Secondary Market Listing

Successful projects on the launchpad are listed on cryptocurrency exchanges. This step provides liquidity to the project's tokens, making them accessible to a wider audience.

Examples of Web3 Launchpads

- Polkastarter stands out as an interoperable launchpad on the Polkadot network, facilitating cross-chain token pools and auctions.

- Binance Launchpad, part of the world's largest cryptocurrency exchange, offers project exposure to a massive user base.

- DAO Maker focuses on decentralized governance and community participation, providing a launchpad and venture platform.

- TrustPad operates on the Binance Smart Chain (BSC) and is committed to delivering secure and trustworthy token launches.

- Paid Network's Launchpad is an integral part of their ecosystem, supporting token launches and fundraising for blockchain projects.

Web3 launchpads play a pivotal role in the growth and development of blockchain projects. By offering a structured environment for new projects to flourish, they align with the decentralized principles, allowing a broader community to actively participate in and contribute to the success of emerging blockchain ventures.

Learn more about launchpads in this article by Crypto Hub

Cover image by vectorpocket on Freepik