In our previous analysis of popular projects, we discussed Polygon’s AggLayer, which is quite similar to Paralism’s Protocol-Agnostic concept. Both are exploring how to aggregate existing blockchains, users, and liquidity to form a unified entry point into Web3, thereby breaking down the isolated ecosystems barriers.
Continue reading “The Aggregation of Web3.0: Protocol-Agnostic and AggLayer”
In August 2024, Web3.0 projects completed a total of 117 financing rounds, raising approximately $777 million, which is lower than the monthly average over the past year (around $867 million, shown by the blue line in the chart below). The market experienced significant fluctuations in August, and the capital market was also affected. However, the situation is still better compared to the same period last year.
On August 22, Polygon announced that it will upgrade its mainnet on September 4 and migrant its native token Matic to POL. Subsequently, several major exchanges announced their support for this upgrade, delisting Matic and listing POL. As a result, Polygon has once again come into the public eye. Over the past year, BTC rose from over $20,000 to over $70,000 at its peak, while Matic increased from over $0.50 to $1.20 but has recently fallen below $0.50. As an Ethereum Layer 2 solution dedicated to addressing scalability issues, Polygon’s past achievements are undeniable. Even during the bear market of 2022 and 2023, it saw the second-largest increase in developer numbers just after Ethereum.
So, let’s take this opportunity to study Polygon once again. Continue reading “Popular Project Analysis: Polygon”
In July 2024, Web3 related projects secured a total of 113 funding rounds, with the total amount raised exceeding $1.1 billion USD, almost equals to the monthly average of the first half of the year. However, compared to July of the previous year, both the funding amount and the number of rounds has significantly increased. In fact, since last November, the overall fundraising environment for the Web3.0 market has notably improved, maintaining a relatively stable state this year.
On June 4th this year, the modular blockchain base layer Avail raised $43 million in an oversubscribed Series A funding round. This round was led by Founders Fund, Dragonfly, and Cyber Fund. And in February, Founders Fund and Dragonfly had just led Avail’s seed round, raising $27 million. Including the pre-seed round, Avail has secured a total of $75 million in funding. Other investors include SevenX, Figment, Nomad Capital, LocalGlobe, Altos Ventures, Chapter One, Superscrypt, Foresight Ventures, Mirana Ventures, KR1, RW3 Ventures, Alliance DAO, Hashkey, Elixir Capital, Spark Digital Capital, and several angel investors. What is it about Avail that has caught the eye of investors and driven them to compete for the invest? Continue reading “Analysis of Avail”
On April 9th of this year, the Layer1 blockchain Monad Labs announced the completion of a $225 million financing round. This round was led by Paradigm, with participation from other well-known investment institutions, including Electric Capital, SevenX Ventures, IOSG Ventures, and Greenoaks, etc. Along with the $19 million seed round announced in February 2023, the project has raised a total of $244 million, with a valuation of $3 billion.
On the evening of November 14th, the 13th episode of ” Observing the Langya List” was broadcasted, and Mr. Shi Xingguo (member of the Blockchain Special Committee of the China Computer Federation, founder of Hyperchain, winner of the National Science and Technology Progress Award, and former chief engineer of the Internet Laboratory of the Software Institute of the Chinese Academy of Sciences) was the host. He was joined by Jack Kong (founder of Nano Labs, a Nasdaq-listed company with ten years of industry experience and successful incubation of the first blockchain industry stock and the first Chinese metaverse stock). The two discussed the latest ” Policy Statement on Virtual Asset Development in Hong Kong,” the problems exposed by the FTX liquidity crisis, and hot topics such as new public chain economic models and NFT. Continue reading “Shi Xingguo Talks to Jack Kong: New Opportunities for Hong Kong Web3 in The Crypto Winter and Lessons from The FTX Crisis”
Shi Xingguo, the founder of Hyperchain, provided his interpretation of the surge of A-share Web3.0 concept stocks
Recently, Web3.0 concept stocks of A-share listed companies have risen against the trend and become a new hot spot in the market. On November 10th, Web3.0 concept stocks triggered a surge, with Quanshi World Online Network Information gaining eight consecutive limit-ups in 10 days, and Rongji WISP gaining four consecutive limit-ups. Many listed companies, including Philisense, COL, Net263, CSII, and TungKong, have responded that they have laid out related businesses. Shi Xingguo, the founder of Hyperchain, was invited by Huoxun.comto interpret this phenomenon. Continue reading “Shi Xingguo, The Founder of Hyperchain, Provided His Interpretation of The Surge of A-Share Web3.0 Concept Stocks”
The Hyperchain’s founder, Mr. Shi Xingguo, believes that Hong Kong is more attractive to mainland China than other Asia-Pacific regions. He also stated that Hong Kong has always had a solid foundation for financial business, but its initiative in virtual assets has been surpassed by other regions in recent years. Therefore, it is crucial for Hong Kong to lead in virtual assets in the Asia-Pacific region and even internationally, while maintaining long-term and consistent policies.
In addition to policies, Hong Kong has plans to attract major upstream and downstream participants to settle in Hong Kong, forming a relatively complete ecosystem. Hong Kong and mainland China can complement each other in many ways. Previously, many Web3 projects in mainland China, including encrypted asset projects, were forced to develop overseas due to regulatory reasons, but they still rely heavily on domestic development resources and application development capabilities. Continue reading “Founder of Hyperchain, Shi Xingguo, Provided His Interpretation of The Hong Kong SAR Government’s Policy Statement Regarding Virtual Assets”
On the evening of October 17th, the 11th episode of the fifth season of ” Observing the Langya List ” was broadcasted, and Mr. Shi Xingguo (member of the Blockchain Special Committee of the China Computer Federation, founder of Hyperchain, winner of the National Science and Technology Progress Award, and former chief engineer of the Internet Laboratory of the Software Institute of the Chinese Academy of Sciences) was the host. He had a conversation with Chen Haiteng (former CEO of Huobi Japan and Baidu Japan). The topic of their discussion was ” what are the secrets of success to enter Web3 when Japan fully embrace it?” Continue reading “Shi Xingguo Talks to Chen Haiteng: “What Are the Secrets of Success to Enter Web3 When Japan Fully Embrace It?”
