Pioneering the Synergy of Fundraising and Community Engagement in Crypto
Trampolining Start Up Roadmaps with Fjord Foundry
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Topics Covered
Bridging Community and Capital
Founder Benefits of Using Fjord Foundry
Fjord Foundry’s Evolution
Action Items for Founders and Fjord Foundry
Quick Notes✍️
A strong, supportive community can be a fundamental driver of growth and sustainability in the unpredictable crypto space.
But developing that initial community is very challenging.
This has been especially challenging with the decrease in VC funding for crypto projects.
The decrease in funding favors investors so many founders have searched for other options.
Thus, Fjord Foundry provides permissionless access so people can participate in projects looking to raise initial capital and build initial community.
Fjord Foundry has supported over 500 communities and has helped them raise 700 million dollars
V2 of Fjord Foundry aligns with the expected upturn in the crypto market,
Thus, it is likely there will be an increase in token sales and crypto innovation.
The increase in innovation will require Fjord Foundry to continue rigorously curating projects.
In the future, Fjord Foundry has the opportunity to partner with more curators to control quality.
Full Analysis📝
Fjord Foundry Bridges the Gap Between Community Growth and Funding
A strong community is the most important aspect a crypto project can have.
For reference, Ethereum’s developer community has grown from 1,084 to 5000 in 4 years.
Finding capital in the crypto bear market has been a struggle for many founders in the space.
Relative to prior cycles, VC funding has declined significantly.
In 2023 only $10.7 billion dollars was invested in startups according to the Block.
This is a 68% drop in funding from the previous year.
In this environment, crypto teams need a way to not only raise awareness of their projects
But they also need to convert this community into revenue and funding to execute the roadmap
Thus, Fjord Foundry is putting these projects in a position to drive capital and acquire community in the early stages.
Fjord Foundry equalizes opportunities for both builders and early crypto adopters.
Ultimately, Fjord Foundry guarantees permissionless access to pioneering projects and tokens.
Liquidity bootstrapping pools (LBP) offer crypto projects the opportunity to galvanize their communities to drive the first steps of their journeys.
By doing this, builders can focus on the most important priority, which is to execute the visions.
Founders Are Empowered With Another Capital Option
As mentioned in Web3 Fundraising - Like Finding Water in a Desert it is an investors market.
What does this mean?
Investors have more leverage to offer terms that are more favorable for them.
It is why Roman Giler, founder of Savvy DeFi, explored options outside of venture capital.
Ultimately, Savvy DeFi chose to work with Fjord Foundry to develop a community and drive capital.
Other options include launching initial coin offerings or similar vehicles.
But those have challenges about regulation in addition to a stigma.
Thus, many founders have gone to VC for legitimacy and scale.
Other crypto projects have shared a similar sentiment with Roman.
Fjord Foundry has served over 500 communities.
These other communities include KoiPond, RSS3, and BreederDAO.
Collectively, these three projects have raised over 30 million dollars from the community.
In total, this platform has helped crypto projects raise over 700 million dollars.
Additionally, Fjord Foundry has helped early-stage crypto projects gather thousands of community members.
For example, KoiPond’s raise generated over 1000 participants.
With this type of community engagement, KoiPond and other projects have users who have invested in the project’s success
And will be able to have the power to help the core teams execute their visions.
Marco van den Heuvel, Co-Founder of Merit Circle says,
"We had a very smooth experience during the three days of our auction, using Balancer Protocol in combination with the Fjord Foundry UI. If we had to do it again, we’d definitely choose a Balancer LBP."
Thus, Fjord Foundry empowers early-stage teams to grow and scale over time.
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Fjord Foundry Evolution Shapes the Future of Crypto Funding and Community Building
Fjord Foundry has already evolved from its initial iteration.
In November of last year, Fjord Foundry launched its beta for version two (V2).
Launching V2 at this time is a smart move.
The broader crypto market is expected to trend positively and a bull market is on the horizon.
With this in mind, there will likely be an increase in token sales and broader crypto innovation.
Thus, with Fjord Foundry’s new user interface and track record,
Many builders will investigate using the platform to launch their communities.
With the demand crypto founders have for a multitude of funding options,
Fjord Foundry has to qualify projects that have the potential to be successful.
Fjord Foundry has taken steps to bring quality projects on its platform through curation.
The platform formulated partnerships with external curators along with curating independently.
External project curators include Reptile Presidente, CoinTelegraph Research, and Code4Rena.
With this level of curation, Fjord Foundry gives venture capitalists projects to track over time.
Oftentimes, VCs pass on projects because they are too early,
But Fjord Foundry could serve as an excellent source of deal flow for the venture community, early adopters, and investors.
Thus, in the future, Fjord Foundry may want to form partnerships with venture capital firms.
Additionally, Fjord Foundry should begin to expand its product set.
The platform can formulate partnerships with centralized and decentralized exchanges (DEXs).
Partnerships would help the projects that do LBPs on Fjord Foundry directly on these platforms.
Thus, Fjord Foundry could support the projects past the initial capital and community.
Strategic Moves Catalyze Growth for Early-Stage Crypto Projects
Fjord Foundry offers benefits for early-stage crypto teams.
In a time where raising funds is challenging and terms are more investor-friendly,
Core teams of crypto projects should explore Fjord Foundry as a way to gain early-stage capital.
This is an option to help crypto founders gain the initial capital to jumpstart their roadmaps.
Comparably, users have the opportunity to participate in LBPs in industry-shaping projects
By participating in these LBPs, participants have the opportunity to earn a return on their token purchases.
With the expected increase in the crypto market, Fjord Foundry can be a source of deals
Fjord Foundry has the opportunity to formulate partnerships to accelerate roadmap execution.
By partnering with organizations that can provide growth-stage capital
And developing relationships with exchanges, decentralized or centralized, will be able to help builders focus more on their visions.
Lastly, Fjord Foundry should consider launching a token.
The platform has a lot of early-stage projects using it with high potential.
With this in mind, it could sell tokens that correlate to the growth of the projects that have been raised on its platform.
This could drive token buyers with an option to mitigate risk but still receive upside.
Fjord Foundry has the opportunity to make a significant impact on the broader crypto industry.
It will be interesting to see which current or future LBPs on their platform become lucrative.