SmartBCH - Funding Potential And Developments

We often compare smartBCH with networks like Solana, Polkadot, Cardano, Polygon, Avalanche, Terra, and Fantom.

An indicator often used is TVL, while we also compare the value of some NFT collections in these networks, which also exploded.

Although, we dodge the fact that the current success of smart contract networks is based on partnerships and funding.

All these platforms mentioned attracted funding. The influx of billions of dollars helped them reach their current size (market cap) and also achieve enormous developments on top of them.

These projects took part in conventions around the world, entered private negotiations and discussions, and explored all options available.

SmartBCH can find investors outside of the crypto spectrum, funds that invest in new technologies, and invest billions in the developments of the cryptocurrency industry.

In case funds or individual investors want to invest in smartBCH, they will have to invest in Bitcoin Cash.

The Competition

The purpose of smartBCH is to present a state-of-the-art smart chain offering compatibility and interoperability with Ethereum as Web3 is rising.

The SHA-bridge is an anticipated development that will complete the puzzle and present the full capabilities of smartBCH.

As a starting phase with less than a year of operations, smartBCH is a shining example of how to bootstrap a smart contracts network without hype and proceed with slow and steady developments.

Networks don't become massively adopted immediately and competition is fierce in the field of smart contracts.

New entries appear, and new projects develop new models that will change the landscape.

Outlook of Smart Contract Platforms (April 2022)

This image presents the competition to smartBCH, ranked by TVL, and its current standing at $34 million.

Ethereum, BNB, Avalanche, Fantom, Solana, Polygon, Tron, Terra, Waves, and about 60 more networks compete in this field.

All of the top networks in the list are massively funded by Venture capital funds and individual investors. Besides the DeFi factor and the profit for early investors of these networks, the developments on top of them are remarkable today.

In my article Venture Capital Funds and Smart Contract Networks, I brought some examples and explained how Polygon or Solana received multiple funding rounds worth billions of dollars. 

However, I also mention some of the drawbacks, since Venture Capitals will always attempt to intervene and direct developments on the projects they invest in. 

The smartBCH development team is solid and professional in its approach. I believe we will soon learn news of partnerships and negotiations.

Such a case will have an enormous effect on developments on top of smartBCH.

SmartBCH so far has been attracting new users in the Bitcoin Cash wider ecosystem.

With SHA-Gate, the main infrastructure of smartBCH will be ready, and the next step will propel smartBCH in direct competition with top-quality smart platforms.

In Conclusion

As SmartBCH matures it will also find different approaches as the developers and community will have to make a choice. It can grow exponentially as many of its competitors did.

Attracting the attention of funds means smartBCH will need a presence in major conferences and present its use case to wealthy investors and funds. Marketing also needs to exist on social media with the official accounts announcing the platform news and developments, creating contests, games, and momentum that will attract more users.

SmartBCH as a sidechain of Bitcoin Cash supports adoption of BCH. Bitcoin Cash has the backing of a few wealthy individuals.

SmartBCH can also achieve significant developments equivalent to those at Polygon, Solana, and Avalanche networks with an abundance of funds to support the development of Web3 apps, DeFi, NFTs, and gaming.

Cover Photo: by xresch on Pixabay (modified)

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