Topic: How to raise funds for your project? (Read 283 times)

My suggestion based on experience:

- You will need some capital on the side to start with. Unfortunately its not possible in today’s world to start with 0 captial.
- have a clear roadmap and detailed plan, make sure you have contingency plans in place to reach the same goal but using different strategy.
- never subcontract work to companies wether its needed for marketing, development or anything else as they will hold you back just to waste your money and time.
- gather a  really really solid   team in place, make sure they believe in your vision and they are not there only for the money
- you will have a journey like a rollercoaster, enjoy it and never lose focus even when things become not as expected
- some people might disagree with this point but it’s important, do you have at least the basic knowledge of what you are getting yourself into? If your answer is no then you have to really think about it, your solution for this point would be to learn and gather as much knowledge possible on the subject, this could mean years of knowledge gaining. Its good to be both business & technical oriented. Yes you can get employees to do all this work for you but in today’s world many are just looking to make money from the company they work for, they don't care about the vision, you need to have the basic knowledge on the subject to try and minimise this.
- never pay using Crypto or fiat at the staging phase trust me you will need it for the production stage. Try to pay by giving out company shares etc and your own token or so if someone refuses they simply don’t care about the project’s success! If you find it soo hard to get this through then pay only 50% using Crypto and 50% using shares or your project Token if you have one.

Using all the above points create your Minimum working product. Find partners or head to capital ventures in order to fund your next phases of the product. Having all that said the points up of course will be missing many details, I don't guarantee that your project would work. If you believe in your vision 100% then go for it! Wish you a successful journey  

Seek out Venture Capitalists, Seed investors....etc. But be ready to show them a pre-product or some evidence of how much work you are willing to put in your project, otherwise nobody will be interested.

Do a feasibility study first and test your play to earn on gamers and ask their opinion if it's worth funding, we cannot judge a product when we still don't see it, even if you know how to raise funds but you have a poor project or product it will not get the fund that you need to launch, getting funded is one of the hardest things to do now when you are up against big companies competing to get a share of investors.

Looking for investors is something that really be the hardest thing for someone to look upon and if you dont have the funds to start up at least then those ideas would really be just remain imaginary.

You cant really just impose nor post those ideas publicly for the risk of being copied or something like that.Going for local funding? Since its a play to earn then this is something needing huge funding.

NFT games are now on the trend and just by looking those concept then this would particular needing lots.

I haven't seen any investors on these boards looking to invest in some projects. But I have seen plenty of projects looking for investors as if they read these boards.

This also goes for crowdfunding and especially licensors; they simply do not browse this forum.

You can always write to people who you think can support your vision and help to actualise your plans. You can write to project proposal to your family, friends or firms that you think could help you get want you intend doing started. Project proposal is a simple and best way to gain supporters who can help push your dream into reality.

this is a pretty good question in here ! my first question here would be for older members of this forum ! is it here on this forum , possible to find some good guys to run a crowdfunding on a blockchain bank project !? i would have 99 % of project ready just need pay licences for example ! where to get those good teams some of you guys speaking about here ?

I just heard of a workshop about crowdfunding and "how to make people throw money at you", and especially the case study is so interesting! maybe it can help and give some ideas.
leaving the linkedin post here, hope it's okay: https://www.linkedin.com/posts/creative-business-network_crowdfunding-workshop-accesstofinance-activity-6843836932766629888-ELdi

Since OP posted here, on a "Bitcoin" forum, I assume his p2e game project does have cryptocurrency integrated into it.
Either he will be using Bitcoin or he's creating his own token. Kinda like those hot play-to-earn games these days like Axie Infinity, Mist, &, etc.
Here's an example of a play-to-earn game they are currently launching: https://t.me/TrustSwapANN/663

You have 2 options.
1) Binance IDO of one of the trusted initial offering platforms trusted by crypto investors and they have helped a lot of new projects raised funds.
2) Use CrunchBase which helps in tracking the right leads, investors and also helps investors identify an innovative project in their target division.
People like Anthony Pompliano (who invested in Sovyrn) are there and other crypto startup investment companies.

I will advise you to use their platform but you still need to create the procedure to introduce your project's outstanding features to the investors probably get their attention.

How would a business owner use TrustSwap to make a listing for their generic business to attract investors? As far as I can see, it looks like the interface is only designed for coin & token projects.

Build your project first and have a minimum viable product (MVP). Once that's done, you can then reach out to possible angel investors or even crypo-launchpads such as Binance or TrustSwap.
TrustSwap in particular have already launched and helped a bunch of projects reach their goals and I think they are more approachable than Binance. You can learn more about TrustSwap here: https://trustswap.org/
After that, it is only a matter of good marketing strategy to further promote your project and potentially gaining even more investors.

Although 2020 saw the closure of many economies due to the COVID-19, but the digital games and video industry saw growth and recovery.
The Exchange WorldWide report mentioned that more than 75% of online players want to replace their virtual assets in a currency that can be used through multiple platforms.

read the report from here: https://dailygazette.com/is-cryptocurrency-the-future-of-online-gaming/

In-app purchases can be done by using cryptocurrency or selling game elements and converted for bitcoin.

your duplication lies in preparing an attractive game and then the possibility of drag using encrypted currencies or buy some things using it and then you can win the ads and sell some stuff inside the game.
you can earn from making NFT games.

read more https://www.financialexpress.com/money/how-crypto-gaming-gamefi-is-emerging-as-the-new-way-to-make-money/2326958/

There are teams that exist which you can tap with, they do have experience already which they could contribute what they learned from their previous project. All you need is just to contact them. If they find it interesting your project could potentially make it big too.

I tried playing one of the games as well. It's not making me big money but it's providing some earnings. Care to share which game? A link will be enough.

Yes you are right, I'm currently looking for some people who can work with me in all those areas where we can possible do our best and most importantly promotion so we can raise funds for the development of the game. Is there any community/ company who can tell about the development cost and build it for me?

If you don't have previous projects and your play 2 earn is your first I doubt if you have the capability to raise funds, before you create or launch a project you should know all the aspects of making a project succeed and that includes marketing there's a lot of play2earn projects now because it is now the biggest trend in the market, and these play to earn projects are managed by big companies and groups, you should build a team first and that includes a marketing expert and he'll tell you how how to market and raise funds based on his assessment on your project.

P2E is the new hype that is starting out.

My suggestion would be to go with the beta project first, pitch it to private investors - that is angel investors first. Using that capital start your team and get the marketing out there and announce a public offering.

You might not be getting millions but you should get enough to start off. In a way the private investors will have their own lock in period at which point they will sell off their stakes and after that the project has to run with some sort of inherent demand creation - possibly an in game currency which most users hate. But it is like that if you cant think of anything better.

Well, kickstarter is def an option.If you want to make a erc or bnb token then pre sale could be possible.

How can I raise funds for my Play 2 earn game project? Def not millions