This news article discusses the challenges that decentralized finance (DeFi) projects face in securing capital to develop innovative products. Traditional funding avenues like bank loans and public markets are not available to DeFi projects, and the number of venture capital firms specializing in crypto is limited. The article also highlights the issues with existing crypto launchpads, where short-term financial gain often takes precedence over community engagement. However, Astrovault has developed a new fundraising platform called Outbid that aims to provide an alternative. Outbid is a decentralized, gamified launchpad integrated into the Cosmos Hub, allowing projects to raise funds in a transparent and inclusive manner. The platform is governed by a DAO selected by Cosmos and supports fundraising efforts by matching donations. The article concludes that by adopting a community-driven approach to fundraising, projects can build trust, engage early supporters, and ensure long-term success.



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