2024 is the year when Web3Port enters a new stage, and it is also an important moment to integrate forces and explore the future. Based on the original Labs accelerator business, Web3Port has expanded two new business segments, Web3Port Foundation and W3P Trading, and has made great progress. This year, the three major segments have fully exerted their synergy effects, and through technological innovation, capital empowerment and ecological integration, they have comprehensively promoted the healthy development of Web3Port and the industry.
Web3Port Foundation
1. 2024 Annual Review
On February 7, 2024, Web3Port Foundation was officially established, and started the journey of exploring Web3 with an initial scale of 100 million US dollars. This year, we invested in 46 projects, covering multiple tracks such as Infra, DeFi, and AI, and firmly implemented long-termism and professional strategies. Looking back on this year, we not only witnessed the rapid development of the industry, but also deeply felt the coexistence of opportunities and challenges. In the future, we will continue to enable innovation and grow with the industry.
2. Investment
In 2024, Web3Port invested in 46 projects with a total investment of ~35M USD. The investment covers Infra, DeFi, AI, GameFi, Social and other tracks.
3. Major events
2024 is a starting year and a harvest year for Web3Port Foundation. This year, we not only completed the investment layout of high-quality projects, but also actively promoted the construction and development of the industry ecosystem.
On August 28, 2024, Web3Port Foundation and Movement established a strategic partnership and jointly launched an ecological fund with a capital of $10M to help ecological projects on Movement grow.
On September 18, 2024, Web3Port announced its official entry into the Middle East market, and joined forces with 19 leading global institutions to establish the UAE VC Alliance to promote the in-depth development of Web3 technology in this region and explore the industrial layout of the new economy.
In addition, we have deepened our insight and understanding of cutting-edge trends in Web3 through various means such as hosting industry events and participating in industry seminars.
4. Industry Insights
In 2024, Web3Port Foundation wrote and published 12 research reports, including track research reports, project investment research, etc., to share our knowledge and insights with the industry.
5. Future Outlook
In 2025, Web3Port Foundation will focus on three tracks: public chain infrastructure, AI and Web3 applications, to promote technological innovation and application implementation. In terms of public chains, it will increase investment in emerging ecosystems such as Movement and BeraChain; in the field of AI, it will focus on investing in AI Agent, AI framework and DeFi + AI Agent projects, exploring the deep integration of blockchain and AI; in Web3 applications, it will support payment, consumer applications and decentralized social entertainment, and help the user scale to achieve breakthrough growth.
In addition, we will continue to focus on cutting-edge directions such as RWA, DeSci and functional NFT, and promote the transparency of on-chain assets, scientific research and the implementation of innovative applications. It is worth looking forward to that in 2025, Web3Port Foundation will have a series of major actions to further strengthen its global influence, empower more projects and partners, and jointly create a future blueprint for the Web3 ecosystem.
Web3Port Labs
Web3Port Labs provides comprehensive full-cycle support and investment support for all stages of Web3 projects. Through our primary market investment fund and secondary market liquidity fund, as well as a one-stop Web3 incubator platform, we provide full life cycle support for startups, including product design, financing, user growth, etc.
2024 is a year full of challenges and opportunities. Web3Port Labs has made significant progress and achievements this year:
1. Main Business
Web3Port Labs has formed a mature and complete funnel model and established 6 acceleration business departments to provide full-process acceleration support from 0 to 1 for Web3 projects:
- Strict screening mechanism: Projects submitted to the accelerator are strictly screened to evaluate the potential of the project, the capabilities of the team, and complementarity.
- Customized support: Provide customized support and guidance for each acceleration project, including providing expertise and resources in business model design, economic model design, technology development, financing, marketing, listing, operations, etc.
- Regular evaluation and adjustment : Regularly evaluate the acceleration project and make timely adjustments and optimizations based on the project progress and feedback.
- Partner participation and feedback: Invite cooperating VCs, mentors or communities to participate in guidance and provide diverse perspectives and suggestions for acceleration projects.
- Continuous learning and innovation: Provide training and development opportunities for team members of the acceleration project by hosting online and offline events.
2. Core Data
- Project Acceleration:
- Total number of accelerated programs in 2024: 78
- Assisted in financing projects: 83, with a total financing amount of ~$120 million
- Number of participating joint investment funds: 170
- Regional ratio: North America & Europe 59%, Asia 41%
- Projects launched this year: 31
2. Comprehensive coverage of key tracks:
- Tracks involved: public chain infrastructure (Layer1, Layer2, modular blockchain, EVM, ZK, DA, etc.), DeFi protocol, AI, DePin, RWA, Web3 social and entertainment applications, GameFi games
- Distribution of projects in key areas:
- DeFi: 30%
- Infrastructure: 20%
- AI: 15%
- Web3 Social: 20%
- Tools: 15%
3. Collaborative Network:
- Startup project network: Total ~3000+ Startups
- Partner VC: ~700+
- Strategic cooperation: Jointly established the Royal Prestige Group Web3 Alliance with 19 institutions including Polygon, Animoca, Polychain, HashKey Capital, NGC, etc. to strengthen the Web3 strategic layout in the Middle East and other regions;
- Public chain: Establish cooperation with 20+ public chains, including Solana, BNB Chain, Movement, Aptos, Near, TON, Sui, etc.
- Mentors: We have linked more than 60 world-renowned industry mentors, including GSR, Chainlink, Galxe, Fundamental, etc.
- Universities: 20+ top universities in the world, including Stanford, MIT, UC Berkeley, etc.
- Media resources: 100+ vertical media and traditional media, 50+ marketing agencies, 300+ top global KOLs and communities
3. Landmark achievements
- Star Projects:
There are a total of 16 star projects in cooperation with the accelerator in 2024, which are covered in the appendix "Disclosure of some star projects with in-depth cooperation with Web3Port".
2. Community and Influence:
- Participation in global events: Participated in/hosted 12 industry events, including The Last Gold Mine of Web3, Impact2049, Metaverse Immersive Experience and After Party HK, Middle East Horizons: Unlocking Global Collaboration, etc.
- Media exposure: reported by the media more than 100 times, with a total number of viewers exceeding 8M, and actively interacting with more than 190 projects and more than 200 global communities;
3. Ecological construction:
- Closely interacted with 20+ public chains and promoted the implementation of 30+ ecological cooperation projects;
- Introduced 200+ corporate resources for start-up projects and achieved 150+ business collaborations
W3P Trading
As Web3Port's management scale and cooperation scope continue to advance, the team and partners have an increasingly urgent need for professional secondary market support and value investment. In 2024, Web3Port split and expanded its secondary brand W3P Trading and liquidity business segment, committed to providing partners with a sustainable capital growth model, and promoting the full development of partners through professional resource allocation and ecological support.
W3P Trading cooperation includes:
- Provide funding and customized secondary market strategies for high-quality projects.
- Participate in the project's token economic model design, optimize operational strategies, and build brands.
- Collaborate with the resource network of Web3Port Foundation and Web3Port Labs to help the project achieve full-line development and provide it with resource integration and business guidance.
- Provide professional active market value management for cooperative projects, optimize token trading depth and market liquidity, and cover all types of exchanges such as DEX and CEX.
- Through scientific liquidity strategies, we can reduce market volatility and ensure the stability of the project's market performance.
- Provide real-time market analysis and industry trend insights to help customers make wise investment decisions.
2. W3P Trading report card in 2024:
- 30+ project cooperation
- Cumulative transaction volume ~$100B
- The market value of the cooperative project is as high as ~$20B
- Star projects cover CMC Top 30
- Total investment ~$500M
- Satisfaction 100%
Appendix: Disclosure of some of the star projects with deep cooperation with Web3Port in 2024
- Movement: Movement is a high-performance Layer 2 solution built on MoveVM. TGE was first launched on exchanges such as Binance, Upbit, OKX, Bybit, Bithumb, Coinbase, etc., with a maximum market value of 14B, CoinMarketCap ranking Top50, and has completed hundreds of millions of dollars in financing, including well-known investors such as Binance Labs, Polychain, CoinFund, Nova Fund, HackVC, etc. The Movement mainnet is about to be launched, and the testnet has completed 680 million transactions, 15.8 million active addresses, and more than 840,000 community members.
- Aethir : A decentralized cloud computing network that focuses on providing efficient and low-cost computing resources. A leader in AI computing power, it has successfully listed on Upbit, OKX, and Bybit, completed $11.53 million in financing, and sold more than $150 million in nodes. At the same time, around AI, gaming and other computing power ecosystems, a $100 million Aethir Ecological Fund was established to support related projects, and 336 million ATH tokens will be provided to independently fund the Aethir Catalyst project.
- Puffer: Puffer Finance is a protocol focused on Ethereum decentralization and scalability, providing Liquid Restaking functionality. Its UniFi Rollup provides instant L1 withdrawals and sub-second transactions. It has been listed on CEXs such as Upbit and Kraken. It has completed two rounds of financing with a total amount of US$23.5 million. Investors include well-known institutions such as Lemniscap, Lightspeed Faction, Brevan Howard Digital and Electric Capital.
- Polyhedra: A cross-chain interoperability protocol dedicated to achieving seamless connection and asset transfer between different blockchains. It has supported more than 10 mainstream blockchains, with a cumulative cross-chain transaction volume of more than 3 billion US dollars. It has completed multiple rounds of financing with a total amount of 75 million US dollars. Investors include Polychain Capital, Binance Labs and other well-known institutions.
- CARV: The largest modular data layer (IDL) in the field of gaming and artificial intelligence (AI). Successfully launched on Upbit, OKX, and Bybit. Relying on modular data solutions, CARV has accumulated 15 million registered users and 2.1 million daily independent active wallet addresses across more than 40 chains. The CARV SVM Chain test network has been launched to provide a secure and unified infrastructure for AI agents, accelerating the intelligent and collaborative operation capabilities of AI agents.
- UxLink : Web3 social platform, dedicated to connecting users and projects in a decentralized way, providing social growth layer (SGL) services, and promoting the growth of the crypto market and user adoption. Successfully launched on Upbit, OKX, Bybit, with over 8 million users, and over 100 million transactions on Upbit/Binance, taking turns with BTC/Movement to rank among the top three in Upbit transaction volume.
- Xterio: Web3 game platform and publisher, dedicated to developing and publishing high-quality Web2 and Web3 games. The platform has 7.9 million registered users and over 119 million on-chain interactions. Xterio has completed multiple rounds of financing with a total amount of US$55 million. Investors include FunPlus, Makers Fund, FTX Ventures, Binance Labs and other well-known institutions.
- GoPlus : The world's largest Web3 security infrastructure platform, providing comprehensive security services, including smart contract auditing and real-time risk monitoring. Invested by many leading exchanges such as Binance Labs and OKX Ventures, it has provided security support for more than 1,000 projects and exchanges, with an average of more than 34 million API calls per day, and a cumulative protected asset value of more than US$10 billion, setting industry standards for the Web3 security track.
- Lumoz: The world's leading modular computing layer (Modular Compute Layer) and RaaS (Rollup as a Service) platform, providing powerful computing power and verification services for zero-knowledge (ZK) and artificial intelligence (AI) applications on blockchains of different architectures, and providing computing power and infrastructure for multiple second-layer networks including Merlin, ZKF, Hashkey Chain, etc.
- MetaCene: A metaverse massively multiplayer online game platform for gamers, it aims to build a digital ecosystem that integrates virtual reality with the real world, providing users with immersive social, entertainment and business experiences. MetaCene has completed two rounds of investment, each led by Hash Global, SevenX Ventures and Folius Ventures, with a total financing amount of US$15 million.
- Bitlayer: A new generation of blockchain infrastructure, providing high-performance Layer 1 solutions. The mainnet has been launched, with more than 5,000 nodes and a network throughput of 10,000 transactions per second. Bitlayer has completed three rounds of investment, with the lead investors including Framework Ventures, ABCDE Capital, Franklin Templeton Digital Assets, and Polychain Capital, and the total financing amount has reached US$25 million.
- Avalon Finance: A decentralized financial platform that provides a variety of DeFi services, including lending, trading, and revenue aggregation. The platform's total locked value (TVL) has exceeded 1.5 billion US dollars, the number of users has exceeded 500,000, and the cumulative trading volume has reached 2 billion US dollars. It was successfully selected for the eighth season of BNB Chain's MVB Accelerator Program. In December 2024, it completed a US$10 million Series A financing, and investors included well-known institutions such as Framework Ventures and Kenetic Capital.
- Balance: Led by A16z and Galaxy, selected into the 8th MVB, created by the E-PAL team, the world's largest game companion platform, it is a Web3 social and gaming platform driven by blockchain and AI technology. By redefining the social and gaming experience, Balance.fun aims to become a key bridge connecting Web2 and Web3 users. The total number of users currently exceeds 5 million.
- Deagent: DeAgent AI is the largest AI agent infrastructure in the Movement, BTC and BSC ecosystems. The number of platform users has exceeded 5 million, with daily active users approaching 700,000. Its product AlphaX has been the TOP1 AI Dapp in the BSC ecosystem and Galaxy platform for many years.
- Network3: A revolutionary technology that builds a dedicated AI Layer2. It provides fast, convenient and efficient model training and verification services for global AI developers through AI model algorithm optimization and compression, federated learning, edge computing and confidential computing. DePIN Scan ranks fourth, with more than 570,000 active nodes, covering more than 188 participating countries, and the application has been downloaded more than 50 million times.
- Codatta: Led by OKX Ventures, selected for the 8th MVB, created by a former senior data team from Ant, it is an AI-driven blockchain metadata collaboration protocol that decodes blockchain addresses through anonymous privacy protection, simplifies complex transactions for compliance analysis, risk management and trend analysis, user modeling, and provides necessary semantic data for other AI-driven applications.
- Vold: Vold is a blockchain-based decentralized platform that aims to build on-chain reputation by verifying and rewarding users' actions in the real world. It provides a "Proof of Personhood" mechanism to ensure that users' identities are verified in both the digital and real worlds. The team has a high-quality background, including entrepreneurs of Nasdaq-listed companies and NFL legendary Super Bowl winners, connecting the Web3 world and the American professional sports field.
- Wave: Wave is a Web3 social and financial ecosystem built on the Sui blockchain. It is committed to integrating DeFi and GameFi into an intuitive platform. It won the Sui Global Hackathon Winner and is a star project of the Sui Foundation. It has a total of 1.8 million users and a peak DAW of 1.3 million. It once accounted for nearly 80% of the active accounts and transaction volume on Sui.
- Cycle Network : A trustless aggregated liquidity network for all blockchains, based on aggregate sorters and chain abstraction, successfully selected for the seventh season of Binance Labs Incubation Camp. Cycle uses multi-chain Zk-rollup technology to expand the traditional one-to-one native bridge between L1 and L2 to support full connectivity for all chains. 1M+UAW, more than 800k media matrix users, TikTok accounts have more than 300k+ fans in mainstream countries around the world and bring more than 150k+ real TikTok users, and the data is still growing rapidly. It is one of the few Web3 projects that can obtain effective users from TikTok. It is expected to obtain 1M+ effective users from TikTok in a short time.
- Wild Forest: Wild Forest is a free real-time strategy game that combines elements of card collection and tactical combat. Players can collect, upgrade and trade cards, and receive real rewards through successful battles and trading NFTs. The game is based on the Ronin network and provides features such as PvP combat, deck building and territory control. It has more than 100,000 users and 18K+ daily active users.
- Bool Network : Layer 2 expansion solution, providing an efficient and low-cost smart contract execution environment. The number of network nodes has exceeded 10,000, the average daily transaction volume has reached 2 million, the community users are continuing to increase, and the number of Telegram users has exceeded 3 million. Node sales are also in full swing, and more than 500 have been sold so far.
- CharacterX (CAI): An AI infrastructure project. By combining advanced large language models (LLM), multimodal intelligence, and tokenized economies, CAI has built an agent-driven ecosystem on multiple platforms. Currently, CAI supports more than 10 million AI agents, serving more than 100 million users, and is supported by investors including Lightspeed and Solana Foundation.
- Volare: A decentralized financial platform that provides a variety of financial services, including stablecoins, lending, trading, etc., aiming to provide users with safe, efficient and transparent financial solutions. It has a strong investment lineup, led by DCG, followed by Arrington, GSR and others.
- Quantlytica: A blockchain-based AI quantitative analysis platform that provides a variety of data analysis tools and services to help users make wise investment decisions in the digital asset market. It has been successfully listed and is a dark horse in the AI track.
- Satoshi Protocol : A decentralized financial protocol that aims to provide users with efficient and secure financial services through innovative smart contracts and mechanism design.
- Eden: An innovative project that combines Depin and Social, combining adult toys with mining. Users can get rewards through the "Yearn to earn" model. Currently, the product sales have exceeded 3,000 units and have received official support from the Bera ecosystem.
- Trusta : It is an AI-driven Web3 identity and reputation protocol. Based on its unique AI-machine learning model and knowledge graph, it realizes the construction of POH and on-chain reputation system. It has 4 million users and 2 million independent addresses. It has served multiple L1/L2 projects such as Celestia, Linea, Arbitrum, BNB Chain, and nearly 30 Defi projects, and has generated more than 1 million credit reports.
- AD3 Network: A decentralized advertising network that uses blockchain technology to provide advertisers and publishers with transparent, fair, and efficient advertising and revenue distribution solutions.
