Why We Built Forgd
The Dawn of a New Era in Crypto Entrepreneurship
The advent of cryptocurrency has fundamentally altered the entrepreneurship landscape, enabling a new breed of innovators to challenge conventional pathways to public markets.
Cryptocurrency has democratized access to public markets, allowing startups to reach the public domain with just a business plan and a token, skipping traditional hurdles like IPOs (which are prohibitively expensive).
However, this new freedom comes with significant challenges, many of which are left unaddressed by existing infrastructures.
Observations from the Frontlines
Forgd was conceived from a critical observation: the blockchain space, despite its rapid growth and potential, severely lacks coherent, comprehensive support systems for entrepreneurs navigating the transition from private ventures to public entities. This gap has not gone unnoticed by our team, who have spent the last eight years deeply integrated within the blockchain community, providing crucial services and witnessing the pitfalls that trap many promising projects.
Crypto changed the game for entrepreneurs. However, most find that publicly traded markets (especially crypto, which operates 24/7/365) are a BEAST where unfamiliar factors such as sentiment, momentum, and liquidity influence success more than the value of the technology they have built.
As we’ve witnessed firsthand, most blockchain projects lack the in-house expertise to launch, scale, and operate a publicly traded crypto “company.” Service providers such as market makers, tokenomics consultants, and investment banks compensate for the lack of in-house expertise; however, managing these siloed relationships is costly, burdensome, and dilutes unified alignment to the project’s mission. Furthermore, despite the inherent need to issue a token as a blockchain project, no specialized institutions guide a project’s transition from the primary to the secondary market or provide ongoing support after a token generation event (“TGE”) occurs.
A fragmented professional services marketplace and a lack of specialized institutions to support blockchain entrepreneurs result in roughly 95% of projects failing to achieve mainstream adoption after issuing a token. This ultimately hurts project founders and base layers (i.e., L1s, L2s) that need dApps to successfully scale protocol activity but can only evangelize technological development (for instance, due to legal constraints).
In general, we’ve had four key observations about the current state of the cryptocurrency ecosystem that led us to build Forgd:
- Core blockchain products and services needed by pre- and post-TGE blockchain projects were independently operated and disjointed.
- Web3 “advisory” is an unintended (often predatory) consequence of disjointed products & services.
- There are no specialized institutions to guide the project's transition from primary to secondary markets.
- Incubation is still undeveloped and underutilized. Unlike robust incubation platforms like Y Combinator in Web2, “incubation” in Web3 has yet to mature.
Building Forgd: A Singular Solution
Forgd was built as a beacon for blockchain projects in response to these challenges. Our platform is the first all-in-one solution that consolidates essential services to guide and support projects from inception through post-TGE challenges, optimizing token and protocol performance while eliminating the need for costly, predatory third parties.
Forgd is the manifestation of services the core team has provided to blockchain projects for the past eight years.
Much of the inspiration behind Forgd came from personal observations the core team has made over the years.
Forgd offers holistic support throughout every stage of a blockchain project or company's life cycle. From incubation to market-making and strategic advisory, we provide a centralized suite of tools and services designed to empower projects to not just launch – but thrive.
Post-TGE projects can use Forgd to automate administrative tasks and optimize token and protocol performance with complete transparency. Pre-TGE projects can use Forgd as an incubator with a dynamic product suite for all their needs to go to market.
Even in our nascence, we’ve already built nine tools to help take any project from conception to TGE. From being the only software that allows projects to track their market makers to being able to design your tokenomics from scratch, Forgd is an all-in-one platform.
Why Forgd? Because We Understand the Mission
The journey from startup to publicly traded blockchain entity is perilously fast compared to traditional businesses, often taking less than a year. This rapid transition leaves little room for error, and the stakes are incredibly high. Forgd’s mission is to equip blockchain entrepreneurs with the tools, expertise, and support necessary to navigate this new terrain successfully.
Ben Sparango, Head of Ecosystem Strategy at the Solana Foundation, says,
“Gone are the days of engaging with five different advisors, market makers, and financial advisors. Forgd's products and services allow you to own the whole process.”
Forging Ahead
The 3rd of September 2024 marks the day that Forgd officially launches. We wholeheartedly believe that Forgd isn’t just a crypto “platform”—it’s the one-stop shop for aspiring blockchain entrepreneurs looking to launch projects that disrupt the status quo and change the world.
We are dedicated to the belief that every project has the potential to succeed with the right tools and guidance. Our integrated approach ensures that blockchain projects can focus on what they do best—innovating and pushing the boundaries of what is possible in crypto.
Get started today and Forge your path – make a free account with Forgd.com today.