As we start to see more DeFi insurance projects coming up, I’m starting to wonder how NXM would stay competitive as the leader in this space in the long run. One major contributor to emerging as the market leader is funding for hiring, BD etc. Yet, it’s difficult to acquire meaningful venture funding without a clear path for the Dev team to return profit to investors.
Hence the very basic question - how would the Advisory Board/Dev team make money in the long run? And if it doesn’t intend to, how does the project justify raising VC funding?