In the ever-evolving world of blockchain, support is a crucial factor that can never be taken for granted. Despite the recent surge in institutional investments and the rise of real-world asset tokenization, there is still a sense of apprehension among industry veterans. The memories of the corporate exodus during the last bear market loom large, causing a level of uncertainty in the market.
While external investment remains a bit shaky, there are other avenues for projects to thrive within the blockchain ecosystem. Internal support, through smaller investments, grant programs, and the backing of key players in the industry, often plays a significant role in nurturing talent and innovative projects. This internal backing, whether financial or non-monetary, is a testament to the strong community aspect of the blockchain industry.
One notable example of internal support is The Coreum Development Fund, which has been actively engaging with universities in North America to educate students about blockchain technology and foster collaboration. Through initiatives like grant programs and educational workshops, organizations like Coreum are paving the way for the next generation of blockchain innovators.
By prioritizing knowledge-sharing, collaboration, and early-stage support, successful blockchain projects are setting the stage for a wave of innovation. Developers are realizing that there are alternative pathways to success that don’t solely rely on external investors. While institutional interest in blockchain is on the rise, it’s essential for projects to explore all avenues for growth and development.