industry spotlight

Blockchain

Delve into the blockchain industry where innovation meets security, to revolutionize trust in digital transactions.

Navigating the future with blockchain technology

The blockchain industry is at the forefront of digital innovation, offering a decentralized solution to enhance security and transparency across numerous sectors. With the rise of cryptocurrencies, smart contracts, and NFTs, alongside growing investor interest, the sector is set for growth.

Why it matters:

This environment offers fruitful ground for startups to innovate in areas like:

  • Financial services
  • Supply chain management
  • Digital identity verification

Between the lines:

While the potential is vast, startups must navigate challenges such as regulatory uncertainty, scalability issues, and the need for widespread adoption to truly capitalize on the blockchain revolution.

We’ve worked with numerous blockchain startups, so our team knows what it takes to build a successful and investor-attractive business in this landscape

$3B+
Secured in funds
600+
Ventures advanced
80+
Industries explored

What we do:

We’re a one-stop shop for fundraising assistance, outsourced M&A advisory, business growth consultancy, and impeccable pitch deck design.

Go deeper:

Check out our blockchain market research to discover industry trends, potential startup risks, and crucial tips on getting funding.

253x growth
The blockchain market is expected to reach a whooping 253x growth by 2032.

 

15%
By 2030, blockchain is expected to control 15% of the world’s economy.

Driven by the need for secure transactions, financial adoption, and tech advancements
5/10 experts

Believe blockchain will be essential to verifying customer identity in the future.

82M+

Blockchain wallet users worldwide in 2022.

$3.1T

Is expected to be generated in business value by 2030.

VENTURE LANDSCAPE

In 2022, blockchain ventures secured over $26.2B in funding

Key verticals:

  • DeFi
  • NFTs
  • Smart contracts
  • Decentralized apps

Leading blockchain investors

Write to us to know more

Challenges of blockchain startups

Startups aiming to leverage blockchain face significant milestones.

Regulatory uncertainty:

You’re stepping on shaky ground where innovative tech and existing legal frameworks clash. Unclear jurisdiction, AML/KYC compliance, token classification and many other regulatory issues are awaiting for you.

Why it matters

Without clarity on regulations, startups may face unforeseen legal challenges that may:

  • Derail innovation
  • Deter investors
  • Complicate compliance efforts

This all can potentially stifle growth and limit market entry.

What it takes:

  • Stay informed and agile: Continuously monitor regulatory developments globally and be ready to pivot strategies accordingly
  • Engage with regulators: Build relationships with regulatory bodies to understand expectations and influence favorable regulatory frameworks
  • Build flexibility: Ensure your business model can adapt to regulatory changes without significant costs or delays

Scalability and performance issues:

Mastering scalability is a make-or-break challenge for blockchain startups. The ability to grow without compromising service quality is critical to long-term success.

Why it matters

Startups that fail to scale effectively:

  • Risk alienating users due to poor performance or high transaction costs
  • Potentially cap their growth
  • Limit their competitive edge in the fast-evolving blockchain ecosystem

What it takes:

  • Optimize infrastructure: Choose blockchain platforms that support growth and low transaction costs
  • Leverage layer 2 solutions: Implement technologies designed to offload transaction processing from the main blockchain
  • Innovate on consensus mechanisms: Explore new or existing consensus models that offer efficiency improvements without sacrificing security

User education:

Clarity comes first. Without educating users and enterprises about blockchain benefits, functionalities, and potential applications, it’s hard to ensure widespread adoption.

Why it matters:

Without sufficient user understanding and buy-in, startups may:

  • Struggle to gain traction in the market
  • Face skepticism, resistance, and reluctance to embrace blockchain solutions

What it takes:

  • Communicate your tech clearly: Develop clear and accessible educational materials, tutorials, and documentation
  • Use case demonstrations: Showcase real-world use cases
  • Foster community engagement: Create a vibrant and supportive community around your blockchain project

Funding constraints:

No funding, no startup long-term success. And securing funds for blockchain ventures is a party with everyone invited: the risky nature of the industry, market volatility, lack of track record, and tech complexities.

Why it matters:

Without adequate funding, startups may struggle to:

  • Attract top talent
  • Scale operations
  • Weather unexpected challenges

What it takes:

  • Prepare a powerful pitch: Develop a compelling pitch deck that effectively communicates your startup’s value proposition, market opportunity, and growth potential
  • Build a network: Forge ties with investors, mentors, and industry peers through networking events, conferences, and online communities
  • Enforce financial discipline: Implement rigorous financial management practices to optimize resource allocation, track expenses, and demonstrate fiscal responsibility to investors

FAQs

How attractive is the industry to potential blockchain investors?

The blockchain industry remains highly attractive to potential investors due to its disruptive potential, offering opportunities for innovation and substantial returns.

If you are a blockchain startup, how easy is it to raise funding today?

Seeking financial support can be tough nowadays. Fierce competition and high upfront costs outweigh the increasing investor interest.

How long does it take to create a pitch deck and financial model for a blockchain startup?

On average, our team needs two or three weeks to complete all the documentation. However, sometimes we may need more time, yet not more than a month, owing to a hectic schedule and project complexity. For more details, please, contact us.

What are the key mistakes blockchain startups make in their pitch decks?

Some presentations lack a coherent investment narrative, dampening the overall impact and steering investors towards projects that showcase more clarity and promise. Second, many fail to address the pivotal ‘Why now?’ question, presenting a poor go-to-market strategy and business model. Finally, pitch decks fail to demonstrate blockchain use cases. Like this, investors aren’t sure if everything you’re going to do will work.

How competitive is the blockchain market?

Within the blockchain sector, competition is severe, with numerous companies competing aggressively to carve out their niche in the market.

What services do you provide for investors looking to invest or already investing in blockchain?

We help investors evaluate blockchain investment opportunities by conducting in-depth research and presenting valuable insights in a clear, visual format. Plus, we offer comprehensive blockchain consulting to companies across the globe.

Do you provide blockchain M&A support?

Sure thing! Our team provides comprehensive M&A support, within the blockchain ecosystem and beyond. Our pack of services includes searching for the most relevant deals, assessing their value, and ensuring smooth collaboration post-deal.

Do you make intros to blockchain VCs?

Of course! We specialize in connecting you with blockchain venture capitalists who align with your project’s needs. After a detailed evaluation of factors such as round size, team composition, and product, we guide your fruitful collaboration with investors, from the initial deal discussions to long-term partnerships.

Do you have available data or research to purchase on the blockchain market?

Yes, we do! Our comprehensive blockchain research includes industry reports, competition analysis, etc. We use only reliable data sources to collect the most relevant information for you, such as the industry’s challenges, market trends, and competitive dynamics.

Which growth stage of companies have you worked with in the past?

We typically assist startups from the Seed to Series B growth phases, offering an extensive array of services encompassing blockchain-as-a-service funding assistance, enterprise blockchain consulting, and beyond. However, we also support businesses in Pre-Seed and Series C+ growth stages and forge ties with established companies and investment funds.

Building a solution in blockchain? Get in touch with us

Fuel your next stage of growth with Waveup—your one-stop shop for fundraising support, outsourced M&A advisory, growth strategy consulting, and presentation design. Leave your email, and let’s chat!

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