In the early stages of your startup’s journey, it’s only natural to worry about funding; whether you are bootstrapping or trying to scale a venture-backed unicorn. In the blockchain space, the word “funding” often evokes images of VC firms, ICOs, and hackathon prize winnings. There’s one funding strategy for builders in the blockchain space that I think could use some more love: grants.
Deeper Network, which is building the decentralized internet infrastructure for the Web 3.0, has announced that its long awaited IDO is set to take place later this month. Deeper Network garnered serious attention earlier in the year as the winner of Polkadot’s Substrate builder’s Web 3 grant, awarded to the firm so it can build critical infrastructure related to the Substrate of the Polkadot ecosystem. This has only increased interest in the upcoming public launch.