Blockchain startups are on the rise, and yet the funding for blockchain startup is not an easy deal. Hundreds of hours of coding, writing a white paper, and then testing the environment are just the tip of the iceberg.
With the Bitcoin and Ethereum blockchains gaining mass movement along with Ripple Blockchain is getting popular in the start-up market and for entrepreneurs with good ideas related to blockchain, here are a few things that will help you get your funding for blockchain startup.
Funding for blockchain startups: Genuine Innovation/Ideas
Real genuine innovation entails making use of appropriate cutting-edge technology to accelerate your business and economy, blockchain is a technology that can help in doing so.
By making use of blockchain technology, entrepreneurs can ensure an influx of healthy investment from investors who are waiting for something new to come out of blockchain. The moral here is to find an unprecedented idea, else investors would pay little interest to your services.
Funding for blockchain startups: Blockchain and other tech
It is very common for investors to look for an association between blockchain and other technologies. One popular combination is that of Artificial Intelligence (AI) and Blockchain. The amalgamation would greatly benefit sectors such as healthcare and finance as these two have seen the greatest frequency of fraud cases.
A possible merger of the two technologies may give us an end product that provides encryption of sensitive data that can only be accessed through the use of Artificial intelligence.
Funding for blockchain startup: Helpful Solutions
It is common for companies to attract investors by adding the word “Blockchain” in their services, which is exactly why investors avoid them as they want blockchain-related technological answers that are accessible and acceptable to all people.
Investors are eagerly looking for an innovation that has its bases fixed on a set of Blockchain rules and functions without which the innovation can-not function.
Funding for blockchain startup: Useful data
Valuable data is what investors want and are looking for; the term valuable data means data that leads to useful discoveries that help create forecasts about an incoming product. A product that is new to the market and has a positive forecast is guaranteed to catch an investor’s attention.
Funding for blockchain startup: Keen Founders
A keen and attentive founder is someone who is updated with the market and industry movements. This quality ensures an investor that the founders of a company themselves are enthusiastic individuals who are interested in Blockchain innovations and thus know how to improve their sector.
Featured Image by Ian Makraz
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