The BlockDAG platform has successfully raised over $323 million in its presale, completely bypassing traditional venture capital methods.
A New Approach to Crypto Funding
BlockDAG is accumulating funds not through venture capital firms but by engaging users, miners, and developers. The aim is to raise $600 million, positioning itself as the most funded Layer 1 launch without venture backing.
Comparing to Solana and Avalanche
Historically, Solana and Avalanche secured funding from venture firms. Solana was backed by names like Multicoin Capital, and Avalanche by Andreessen Horowitz. Both projects faced barriers due to delayed deployment processes and limited access for regular users. BlockDAG flips this model by avoiding venture capital and insider discounts.
Future of BlockDAG and Its Impact
BlockDAG plans to further expand with confirmed listings on exchanges like MEXC and BitMart. This positions the platform to be more dynamic and active than its predecessors even before trading starts.
The significance of BlockDAG lies in its unique funding approach, which may establish a new standard in the cryptocurrency landscape. Funds raised from users have the potential to change the dynamics of development and use in crypto platforms.
