BlockDAG, a new Layer 1 project, has raised $303 million, breaking the records of Tezos, Filecoin, and Polkadot. This success has been achieved without venture capital involvement.
Comparison with Other Projects
Tezos raised $232 million in 2017 but faced legal issues and delays. Filecoin attracted $233 million, most of which came from venture funds and was accompanied by long delays. Polkadot raised $145 million but also experienced development challenges.
BlockDAG's Unique Approach
BlockDAG managed to raise funds without venture investments or middlemen, drawing attention through a public presale. Additionally, the project offers a working product in the form of the X1 mobile app, already utilized by over 2 million users worldwide.
Future of BlockDAG and Its Significance
BlockDAG's success demonstrates that a strong idea, combined with community trust and real delivery, can lead to significant achievements. This new approach to fundraising can reshape the landscape of the crypto industry in the future.
BlockDAG has not only raised $303 million but also shown that successful crypto projects can thrive without venture capital and delays, possibly impacting future blockchain initiatives.
