Real builders build where the users are, not where they get the most grants.
Grants are just the lifeline for bad projects to stay alive longer than they should.
Need money? Build a MVP and raise money from angels and VCs if you really need it to get to the next milestone.
Next: Reach that milestone.
Getting grants with no incentives to ship anything for it leads to 0.
It’s just like traditional startups jumping from round to round, but at least they have to give equity for it.
So Arbitrum offered Ronin $360K worth of ARB to become an L2 w/ them
Polygon then offered $11M+ in total value including $3M+ in direct grants (contingent on hitting certain goals)
Optimism offered $5M+ including over $2.4M in direct grants (also a contingent-on-milestones offer)
(zkSync also made an offer, no major grant public but included about $180,000 worth of ZK for gas subsidies)
The lesson?
Always rough to be the first offer in the room.
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