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Product Development Funding

Definition

Product development funding provides financial resources for creating new products or improving existing ones. This capital covers research, design, prototyping, testing, and market launch activities. In the digital asset space, it specifically supports the creation of new tokens, decentralized applications, blockchain protocols, or features within existing crypto projects. Funding can come from venture capital, initial coin offerings, token sales, or community grants, all aimed at fostering innovation and growth.