Compilation of the original text: Deep Chain Finance Tanker
Compilation of the original text: Deep Chain Finance Tanker
Web3 has gradually matured from a nascent community to an emerging industry, and 2021 can be described as a critical year in the Web3 field.
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Venture Capital Opportunities in Web3
Web3 refers broadly to the Internet owned by its builders, users, and creators. Through tokens and decentralized technologies, Web3 does away with centralized intermediaries. Cryptocurrencies, Decentralized Finance (DeFi) and Non-Fungible Tokens (NFTs) are the first class of applications to be launched with a high degree of product-market fit, consumer acceptance and use.
However, there is still a long way to go before Web3 technology can be adopted on a large scale. Less than 10% of the world's population still owns their own cryptocurrency. In addition, the decentralized financial system currently holds about $100 billion in assets, which is still a small gap compared to the traditional financial system. On the other hand, while Web3 applications already have tens of millions of users, they still pale in comparison to the billions of users using Web2 applications.
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Use of Web3 is still in its early stages
Judging from the current situation, we are in the early stage of what may well be the largest technological innovation since the Internet, which has created the largest investment opportunity for venture capital ever.
Some advanced indicators on the market in 2021:
1. Global venture capital firms will invest more than $30 billion in crypto startups in 2021
2. There are currently more than 65 encrypted unicorn companies, including more than 40 new ones in 2021, and nearly 50 encrypted startups that have raised more than US$100 million in 2021
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Web 3 Venture Capital Overview
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Above: Global venture capital investment in cryptocurrency and blockchain companies as of late November 2021
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Above: Crunchbase data shows that Coinbase Ventures has made more than 100 investments this year, participating in deals worth $3.7 billion
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Web 3 Startup Overview
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Above: Blockchain Industry Unicorn Index
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Above: Largest Crypto Web3 Equity Funding of 2021 – FTX Takes the Lead
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Where will we go in the future?
In fact, we can understand that the current Web3 ecosystem is a melting pot of talents (developers and entrepreneurs) and capital (VCs and institutions). Once you combine that with a new technology primitive (blockchain/crypto) then you have all the ingredients you need for a lot of innovation and value creation. With the gradual maturity of decentralized technologies and applications, and the main promotion of Metaverse, Web3 will inevitably become the first choice of mainstream consumers.
