Web3 launchpads are funding ideas, not products

Web3 launchpads were intended to connect builders with early investors but are now often perceived as facilitating cash grabs rather than fostering sustainable company growth. This has led to a surge of poorly developed products in the market, raising concerns about the efficacy and accountability of launchpads. Originally designed to help projects secure funding and gain visibility, many have become focused solely on fundraising, resembling a decentralized version of Shark Tank rather than promoting innovation. Critics highlight that the neutrality of launchpads has resulted in a lack of standards and focus, causing investors to face multiple subpar project proposals. With rising regulatory scrutiny, there is a call for launchpads to evolve beyond token distribution and provide comprehensive support for builders, helping them focus on creating meaningful applications. The potential shift towards offering better tools and infrastructure is seen as essential for the blockchain ecosystem to thrive, encouraging next-generation launchpads to prioritize product development and the alignment of interests among all participants.

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