For blockchains, grants played a significant role in attracting developers, but were often misused. To curb this, blockchain platforms are undertaking stringent valuation, bringing in accountability, and looking beyond money to support developers.
A year ago, one of the oft-repeated conversations in Web3 meetups in Indian cities was around blockchains offering the most attractive grants. The Web3 and crypto industry had globally raised USD21.5 billion in funding in 2022, with Indian firms accounting for over USD500 million during this period. The ecosystem was flush with money with blockchains such as Polygon and Solana raising millions. More importantly, many of these blockchains were
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