Here’s a call to the infantry; “Let’s Back the Buidlers!”

Whether it’s your first cycle or fourth, the angst for the bear markets is always the same.

These past few months have been intense for each one of us in the crypto space, isn’t it, and with the UST de-pegging and now the FTX collapsing, it seems like a domino-like series of explosions.

However, bear markets are when innovations happen, fueling the next growth cycle — always bigger!

There is no time like the bear market to build breakthrough technologies

History has proven that the most value is created in bear markets. OpenSea, which is currently valued at $13 billion with more than 1 million active users was launched in 2017 when there was a 2-year-long bear market while others prematurely mourned or celebrated the “death of crypto,” the founders of OpenSea kept building. And the rest is history.

It’s no coincidence that other market-defining companies (Coinbase: 2012), platforms (Uniswap: 2018), and protocols (Ethereum: 2015) were forged in the furnace of market pessimism. That’s when great ideas come to light.

Bear markets are an excellent opportunity for every builder to:

Innovate: Build products that solve real user problems.

Build stronger ties: Strive for the right partnerships to outshine when the bull run comes.

Onboard investors: Gain visibility in the eyes of investors. If you get lucky to do so, you’ll reap the benefits of having taken advantage of the crisis.

Builders that continue to push in this direction will survive this cycle, emerging stronger than ever before.

The path towards intelligent investing

Since the beginning of this bear run, smart money (~11.7B) has continued to flow into the crypto sector. All of them understand that bear markets present an opportunity that no investor can afford to ignore.

It is the period when one gets to value innovations on favorable terms. Essentially, the timing of the market rewards them with a low-barrier entry into the market, and who knows these projects may turn out to be the next Polygons from India!

Doing it right as builders

We at Blockchained India have supported Web3 startups and founders since the day of our inception. Pushing one step forward in this mission, we are hosting Back the Buidlers unconference, together with Metapolis, the world’s first Metaverse-as-a-service platform, and CoinDCX, India’s largest crypto exchange.

The unconference is aimed at assisting builders and investors with the best practices to make the most of this bear market. As a builder, you get to enjoy in-depth sessions by experts, like those from Alchemy and PolkaDex. This will be followed by panel discussions from the top movers and shakers in the industry. And these are just for starters!

Just like a seed needs a suitable environment to sprout, similarly, innovators need the necessary support and infrastructure in terms of capital, guidance, and network. In these times of turbulence, the ecosystem needs those who genuinely want to back the builders.

‘Back the Buidlers’ brings such supporters in Draper Dragon, and Token Amigo.

Beyond that, this unconference represents multiple communities coming together to showcase a formidable front to nurture innovation. They will together be hosting builders at the event alongside Blockchained India.

It is a platform for,

• Buidlers to showcase what you are building and connect with investors for potential investments. You get to learn from the champions as to how and where to improvise.
• Hodlers, interact with the builders and understand how they are solving real user problems. Who knows, you may even find your next startup to invest in! Mind you, the best technology gets built in the bear run, and now is the time to get favourable valuations!
• Supporters, propose your technology stack that will help builders develop offerings on top of it. Analyse what builders are building and strive for partnerships.

Event details are as follows:

Date and Time: December 3, starting at 6:30 pm

Venue: JW Marriott, Whitefield, Bangalore

RSVP here: https://lu.ma/sp0srpc6

Beers are on us. Let’s all back the builders!