Lisbon, Portugal, September 10th, 2024, Chainwire
CV Pad, a launchpad for early-stage blockchain projects, is leveraging ETH ETFs' rising popularity to attract investors and fuel the growth of new EVM-based Web3 projects.
The Ethereum Virtual Machine (EVM), with its strong developer community, advanced smart contract features, and robust security, has become the go-to platform for developing innovative DeFi, NFT, and DAO projects like Uniswap, Chainlink, Aave, and many more.
Meanwhile, ETH ETFs (Ethereum Exchange Traded Funds) have made Ethereum investment easier by eliminating the need to handle the cryptocurrency directly. Approved in the US on May 23, 2024, these ETFs gained traction when trading started on July 23, 2024 on major stock exchanges and broker platforms like VanEck, BlackRock and Charles Schwab, with trading volumes up five-fold in just a few months.
This rising popularity of ETH ETFs has fueled institutional investment in the second largest cryptocurrency–Ethereum, creating a positive feedback loop: as more projects build on Ethereum, investment flows in, driving further development and innovation on the EVM.
CV Pad taps into the combined success of ETH ETFs and the EVM which are drawing in more institutional investors and encouraging more projects to build on Ethereum’s infrastructure.
CV Pad Partner, Danny Rowshandel, highlighted the synergy between ETH ETFs and the growth of EVM projects, stating, "Ethereum ETFs attract institutional investment by simplifying crypto access, while the rise of EVM projects offers venture capitalists a chance to invest in startups with explosive growth potential."
Rowshandel added, "The rise of ETH ETFs and EVM projects has created a thriving market for Web3 startups looking to launch and generate tokens. CV Pad gives investors the chance to invest in carefully selected early-stage projects with all the research and vetting already completed. Investing through CV Pad goes beyond early access, liquidity, and high returns; it’s about being part of a growing ecosystem and a successful network."
On top of launching projects and tokens, CV Pad leverages its network of VC contacts from DuckDAO, CV VC and CV Labs to access partners and build a support network for launchpad projects. This is how Solana, Consensys, Hacken, Algorand, and more tier-1 projects became involved in CV Pad.
With all launchpad listings, such as Taiko, RunesTerminal and XOXNO, selling out quickly, CV Pad has met investor demand and is drawing even more partners into its ecosystem.
While many Web3 launchpads seek investors, CV Pad sets itself apart by offering exceptional support for both investors and new projects. The widespread adoption of EVMs and the popularity of ETH ETFs have sparked a wave of talented Web3 startups ready to launch, making CV Pad an ideal destination for those looking to seize the next big opportunity.
About CV Pad
CV Pad is a Launchpad+, aiming to take projects through their TGE with a suite of launch services, tokenomics support, distribution, marketing, and the support of a global network of partnerships. Startups can apply to join the CV Pad ecosystem here.
As a collective project from DuckDAO, CV VC, and CV Labs - CV Pad utilizes a wealth of experience in Web3 and traditional venture capital to support projects and provide vetted, curated picks for the launchpads investors. Investors can prepare for the next launch by joining CV Pad here.
Disclaimer. This is a paid press release.
