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August 10, 2023· 2023 International Conference on Circuit Power and Computing Technologies (ICCPCT)
conference-paper

Web3 Based Funding Platform

Authors:J. Godwin PonsamHarsh ShawShubham Patil

Abstract

The emergence of Web3 technologies has led to the development of decentralized funding platforms, which allow individuals and organizations to raise funds without the need for intermediaries such as banks and venture capitalists. The underlying technology powering these platforms is blockchain, known for its ability to offer a reliable and transparent method of recording transactions and overseeing financial operations. This research paper aims to explore the Web3 funding platform landscape, its benefits and challenges, and the potential impact it could have on traditional funding models. The paper also examines the key features and functionalities of these platforms, including smart contracts, tokenization, and decentralized governance. It also presents the design and development of a platform for investors to invest in startups using cryptocurrencies. The platform is designed to address the challenges faced by startups in accessing funding, while providing investors with new investment opportunities in the fast-growing world of cryptocurrencies. Through a review of relevant literature and case studies, this research paper provides insights into the current state of Web3 funding platforms, their adoption and growth trajectory, and the regulatory environment that surrounds them. Overall, the platform offers a new investment opportunity for investors, while also providing startups with access to much-needed funding. The platform has the potential to disrupt traditional funding models and provide a more efficient and transparent way for startups to access funding.

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