Having worked with different blockchains as an advisor, I can say venture capital plays a crucial role in driving mass adoption of a Blockchain.
Hive possesses numerous features that are up and running which many chains have only mentioned in their whitepaper and have successfully raised capital.
Hive is significantly undervalued. By establishing a dedicated investor pool for Hive, I am confident that it could achieve a top 20 crypto asset ranking within the next two years, and potentially a top 10 position within five years if not earlier.
Do you have any ideas on how to best achieve that?
Having worked extensively with Ton, Sei, and Cypher blockchains, I have cracked down the approach in two easy steps.
First, we should establish an incubation or accelerator program focused on onboarding projects deploying on the Hive blockchain. The projects should receive grants (if they are building something new), cohort based learnings from experts and exposure to Hive Community. These projects should adhere to industry best practices and capitalize on trends such as AI agents, Real-World Assets (RWA), Gaming and Decentralized Physical Infrastructure Networks (DePIN). [Yes, Agreed the trends keep changing and so do the projects]
Concurrently, we need to secure soft commitments from investors for a dedicated venture capital fund, potentially named "Hive Ventures," (The Ventures name could be changed but Hive Ventures sounds cool) that will exclusively invest in projects graduating from our incubation program.
Setting up Hive Ventures would require time, effort and an initial investment to setup meetings, travel and explain Hive to potential investors interested in our ecosystem.
This investment from established VCs will drive the adoption of the incubated projects, ultimately increasing their value and, consequently, the value of the Hive blockchain itself.
I call this a basic blockchain rule: More dapps = More users = More transactions = More value of the blockchain. Yes, Marketing and VCs are two missing variables too.
It's important to note that this is a high-level overview. This strategy involves numerous variables, and the details provided here represent only a fraction of the considerations necessary for successful execution. I also understand the complexities and time investment required for successful implementation.
Not a bad idea at all but absolutely not doable here.
We have the DHF which is a non-advertising entity with no leadership or strategy funding projects based around pre-existing reputation.
Those that have the reputation to make a "Hive ventures" of sorts wont, as its a lot of work and responsibility and non-dev work on Hive isnt paid anything.
Those that might want to do it for free dont have the reputation for the community to trust them with the funds and running of it.
So no, this can not work here. Unfortunately.
I am working on something now in fact!
You raise valid points about the current challenges within the Hive ecosystem, particularly regarding the DHF's structure and the lack of incentivized leadership for non-dev work. I understand your skepticism. However, I believe, while ambitious, is not entirely out of reach and addresses some of these very challenges.
Let me elaborate:
You're right, the DHF as it stands isn't equipped for this. My vision isn't about using the DHF in its current form, but rather evolving it or creating a parallel, complementary structure. Think of it as a "Hive Ecosystem Fund". It will consist of private investors, VCs and more who are outside the Hive ecosystem. Their investments in projects that are deployed on Hive will eventually spark adoption for Hive.
We don't need to launch a massive, multi-million dollar program right away. We can start with a smaller pilot program, focusing on a few promising projects in a specific niche (e.g., GameFi or DePIN). Demonstrating early success will build momentum and attract more investment and participation.
I agree that it's a complex undertaking, and exploring these nuances might be premature. By addressing the key concerns you've raised and employing strategic human influence tactics, we can significantly increase the chances of success. As more outside money flows into the Hive ecosystem, the potential upside for Hive is enormous.
@guiltyparties @lordbutterfly