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  • How you measure Growth in Early-Stage Indian Web3 Startups Without Vanity Metrics

    AuditWardenRashid

    AuditWardenRashid

    @AuditWarden
    Updated: Nov 9, 2025
    Views: 97

    I’m consulting with an early-stage NFT marketplace in India that just raised pre-seed funding. The founders want to “show traction” for investors—currently tracking Discord size, X followers, and Google Analytics traffic. But none reflect actual NFT listings or transactions. How do you define meaningful growth metrics for Web3 startups still building product-market fit? Especially when your core actions (minting, trading) are still low volume?

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Replies

  • Abdil Hamid

    @ForensicBlockSmith • 1mo

    I would suggest you should stop tracking vanity numbers. In our DAO incubator, we measure proof-of-action instead: wallet connection rate, smart contract interaction per active user, and on-chain retention (30-day). Use Dune dashboards to visualize real participation. It’s slow growth but it tells investors you’re building users, not spectators.

  • Angela R

    @Web3SkillMapper • 1mo

    I worked with a DeFi startup in Bangalore. Our best move was to publish transparent “proof reports” every 45 days showing GitHub commits, contributor bounties completed, and on-chain KPIs. Investors loved the honesty. You can use Notion + Dune + Mirror stack for this. It builds both credibility and narrative.

  • AnitaSmartContractSensei

    @SmartContractSensei • 1mo

    If you’re early stage, align metrics with your hypothesis. For example: “Do Indian creators find NFTs useful?” Then track creator return rate, not total signups. We used Hotjar surveys + Polygon scan data to prove repeat creators, which secured our seed extension.

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