Synthetix (SNX) Founder Kain Warwick’s Essential Fundraising Strategies for Emerging Crypto Teams

• Blockchain entrepreneur and investor, Kain Warwick, shares insights on the current state of capital formation incentives in the crypto world.
• Warwick discusses the challenges faced by Web 3.0 teams in raising funds and the ongoing rivalry between VCs and retail investors.
• He also shares his recommendations for successful crypto fundraising, highlighting the role of retroactive airdrops.

Explore the current landscape of crypto fundraising, as blockchain entrepreneur Kain Warwick shares his insights on capital formation incentives, the challenges faced by Web 3.0 teams, and the strategies for successful fundraising.

Teams are constrained by dominant meta, Kain Warwick admits

In 2024, even the most successful Web 3.0 teams looking for fresh funds are constrained by the current meta if they want to raise big rounds, Warwick shared in his latest thread on Twitter with 123,000 followers. From the seed investor’s perspective, the signals of a project’s traction — in terms of user base, potential customers, airdrop farmers — remain unchanged: VCs are looking for products with growing TVL, large numbers of Twitter and Telegram followers and so on. That said, investors are still using these primitive indicators of social engagement to calculate the potential number of retail token buyers.

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