Definition ∞ A product launchpad is a specialized platform designed to facilitate the initial fundraising and token distribution for new blockchain projects or digital asset ventures. It acts as a curated gateway for startups to present their offerings to a broader investor community. These platforms streamline initial capital acquisition.
Context ∞ Launchpads are vital for the initial funding and public exposure of numerous Web3 projects and decentralized applications. News reports often feature announcements of upcoming token launches on these platforms, signaling new project activity, potential investment opportunities, and the overall dynamism of the digital asset market.
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