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Hello everyone, the SixthDaoVC investment research column, which has been updated for more than half a year, has returned. We have summarized and participated in some projects in the first two periods. Let’s briefly review the previous two periods of the projects. The second period is as shown in the figure:
The latest progress of the second phase of the project:
1. EigenLayer has become the leading giant project in the re-pled ecosystem
2. Superfluid raised US$5.1 million in the new phase, with super VCs such as Fabric Ventures and Multicoin Capital participating in the investment
3. LayerZero will be launched in Q2 quarter soon
4. Formless completed a US$2.2 million financing, a16z Crypto participated in the investment
5. Gameta completes a $5 million financing, and Binance Labs participates in the investment
The first phase of investment research: SixDaoVC project investment research first phase: Selected eight first-level projects
Celestia, Sei needs no more, the first BN
Berachain is now a hot celebrity project
After reviewing the first two periods, we will explain the third period of project
The third phase of projects: Babylon, ionet, lavanetwork, unisat, diba&bitmask bitsmiley, monad, metropolis.
Babylon
Introduction: Bitcoin staking protocol, Bitcoin timestamp protocol and Bitcoin data availability protocol.
Official website: https://babylonchain.io/
Total financing: US$26 million
Investment institutions: Binance Labs, Polychain, Hack VC, IOSG Ventures, Framework Ventures, Breyer Capital, Polygon Ventures, OKX Ventures, ABCDE Capital, IDG Capital, etc.
Project progress: Some time ago, the Pioneer Testing Activity of Bitcoin Pledge was launched. The BTC Pledge Test Network and submitted the Polygon address. There were 101,157 qualified users. The activity has made a group of people rich, and some have earned hundreds of thousands of dollars. At the same time, Babylon will be with informationincTogether, introduce the Bitcoin staking protocol to Cosmos, transforming Cosmos Hub into a multi-asset secure aggregator powered by ATOM, BTC and ecosystem tokens.
SixthDaoVC Reason for attention: As one of the most popular projects in the Bitcoin ecosystem, babylon is more like an institutional project and has received community support.Its founder is Professor Stanford, which has enabled the project to receive a lot of investment from well-known VCs. In addition, BN is involved, and BN will be launched in the main network in the second quarter to start BN.
Io.net
Introduction: io.net is a decentralized computing network that supports the development, execution and expansion of ML applications on the Solana blockchain, combining 1 million GPUs to form the world’s largest GPU cluster and DePIN.io.net aggregation of GPUs from underutilized resources such as standalone data centers, crypto miners, and crypto projects like Filecoin, Render, etc. to solve this problem, which are combined in a decentralized physical infrastructure network (DePIN) to enable engineers toGain a lot of computing power in accessible, customizable, cost-effective and easy to implement systems.The most popular AI+Depin project at present
Official website: https://io.net/
Financing: US$30 million, valuation of US$1 billion
It is reported that the KOL round valuation is US$500 million
Participating institutions: Hack VC led the investment, SevenX Ventures, Multicoin Capital, 6th Man Ventures, M13, Delphi Digital, Solana Labs, Aptos Labs, Foresight Ventures, Longhash, ArkStream Capital, Animoca Brands, Continue Capital, MH Ventures and OKX, etc.
Project Progress: Since the Ignition program was launched, the number of GPU miners has increased from 26,000 to more than 51,000 in 10 days.The token is expected to be launched on April 28.
SixthDaoVC Reason for attention: io.net is currently very popular in the primary market, and the track positioning of this project can last for a long time. AI is the mainstream narrative and the participation of the depin model. A very classic institutional project promotes community participation. In April, it is a big one.Probability to start BN.
Lava network
Introduction: Lava Network aims to become a market for blockchain data.It incentivizes node providers and decentralized application users to input market blockchain data into their network.
Official website: https://www.lavanet.xyz/
Financing: US$15 million seed round
Investment institutions: Jump Capital, HashKey Capital, Tribe Capital, Node Capital, Finality Capital Partners, North Island Ventures, Dispersion Capital, Alliance DAO, Anagram, Quiet Capital, MH Ventures, Chorus One, AlphaLab Capital Group, YTWO, Protocol Labs,StarkWare, ChainLayer, Galileo, Compa Capital, Caladan, Keplr, etc.
Project progress: 1500 validators, +280 provider registrations, 30 networks supported.Evmos ipRPC
Axelar ipRPC, Starknet + Apibara (where Lava is already used as the default RPC by the largest react js library), NEAR (contract signed – announcement sneak peek) Koii (signed) and more ecosystems.The main network is expected to be launched in the first quarter, and there will be airdrop rewards.
SixthDaoVC Reason to pay attention: The modular track has just begun, and RPC nodes are also hard demands. When the two are combined, I believe this project will be very promising. Lava made a profit of millions of US dollars last year and is expected to make more than 5 million this year.US dollars, can support any blockchain API and RPC.The base layer can be extended with modular specifications, a new blockchain primitive, which means that Lava can become the API layer for all chains, allowing dapps to customize their packages and access any API under one subscription.
Unisat
Introduction: One of the most popular ordinals-enabled browser extension wallets that allow users to store, send and receive bitcoin and Ordinals safely and easily on the Bitcoin blockchain.
Official website; https://unisat.io/
The amount of financing has not been disclosed
Investment institutions: OKX Ventures, Vitalbridge Capital, ABCDE Capital, SWC Global, LK Ventures, Skyland Ventures, etc.
Project Progress: Currently under security review and passing the Google Play review process, it is expected to launch an APP for users to use. The standardized update of brc20-swap will soon support curse inscriptions and evaluation of rune potential.
SixthDaoVC Reason for attention: As one of the projects currently with inscriptions and BRC20 pricing rights, it can be said that it is the most users and the most popular infrastructure besides OKX Wallet and BN Wallet.We said last year that the positioning and significance of unisat are equivalent to unisawp in defi.Inscriptions require products with a large enough pattern and continuous construction.
Diba and Bitmask
Introduction: These are two products of the same company, DIBA is a Bitcoin NFT marketplace that allows users to trade any assets issued by Bitcoin smart contracts on a layer 2 network (such as the Lightning Network).BitMask Wallet: A browser extension for decentralized applications on Bitcoin.Access Bitcoin Finance, NFT (UDA) using RGB protocol
Website: https://bitmask.app/
The amount of financing has not been disclosed
Participating institutions:
Waterdrip Capital, Draper Associates, Actai Ventures, Rodney Yesep, Brad Mills, Martial Eagle Fund, SixthdaoVC
Project progress: The first 9 RGB resources have left their mark on BitMask, and the project is waiting for the RGBv0.11 version to be launched.
SixthDaoVC Reason for attention: The RGB track is a mainstream Bitcoin protocol that we have always been paying attention to. At the same time, we think RGB will have a great opportunity, so we chose bitmask, the most formal project in the RGB track, to bet.
BitSmiley
BitSmiley is the MakerDAO of the Bitcoin ecosystem, providing a comprehensive solution to Bitcoin DeFi by solving the most significant gap in the current Bitcoin ecosystem – stablecoins and lending infrastructure.In addition to providing stablecoins in the bitRC20 format over-staked BTC, BitSmiley also promotes peer-to-peer lending based on BRC20.In addition, it has established insurance and CDS derivatives based on the loan framework.
Official website: https://www.bitsmiley.io/
The amount of financing has not been disclosed
Investment institutions: Kucoin Ventures, SatoshiLab, ABCDE Capital, OKX Ventures, CMS Holdings, Foresight Ventures, LK Ventures, Waterdrip Capital, Blockchain Founders Fund, ArkStream Capital, 7upDAO, Comma3 Ventures, Momentum Capital (MT Capital), Cryptogram Venture(CGV), Candaq Fintech Group, etc.
Project Progress: In cooperation with Merlin, users can pledge bitDisc-Black NFT, which has increased by 100 times since its release.Working with portal to integrate $bitUSD into the PortalDEX network, conducting bitSmiley carnival activities, and obtain rewards. Waiting for pledge to be launched will start a new round of narratives.
SixthDaoVC Reason for attention: BitSmiley has achieved many excellent results since its launch. The OG NFT card released in cooperation with many projects has made most players profit dozens of times, and has obtained investment from leading institutions. It is innovative in the BTC ecosystem.The stablecoin project is expected to fill the gap in the BTC ecosystem, and it is expected to launch major institutions such as OKX and kucoin.
Monad
Brief introduction: Building high-performance layer 1 blockchains for next-generation decentralized applications, the mission is to accelerate decentralization by building blockchains 100 to 1000 times faster than their closest competitorsSexual power, alleviating severe bottlenecks in existing blockchains and enabling more complex applications and wider adoption
Official website: https://www.monad.xyz/
Financing: $19 million
Investment institutions: Dragonfly, Lemniscap, Shima Capital, Placeholder, Finality Capital Partners, Credibly Neutral, Naval Ravikant, Cobie, Hasu, 0xMaki
Project progress: Wormhole airdrops the monad community and launches an internal test network. Nearly 60 projects have been confirmed to be built based on Monad, waiting for the test network to be online
SixthDaoVC reason to focus: Monad’s vision is to improve the execution efficiency of EVMs at the Layer1 single layer through “parallel processing”, thereby unlocking the potential of the EVM ecosystem.The team has a strong background, and the technical community is also top-notch. It is very likely to become the next generation of public chain king-level project, or the next sol
Metropolis
Metropolis is offering a well-curated, artist-painted functional virtual world that includes a digital physics marketplace, exclusive events and end-to-end gamification.At the heart of MetropolisX is a collaborative marketplace where creators can monetize and launch personalized products, while their fans can have more immersive connections and access exclusive products, content and experiences.
Official website: https://www.metropolisworld.io/
Funding amount: US$1.2 million
Participating institutions: Cointelegraph Accelerator, Lamina1 Ecosystem Fund, ACS, Outlier Ventures, Protocol Labs, Primal Capital, Zephyrus Capital, Cluster Capital, EthLizards, Acacia Digital, Block Consult, IBC and many strategic angel investors participated in the investment.
Project Progress: More than 350 cooperation agreements have been signed with top brands and creators such as Yung Gravy, Steve Aoki, Christian Cowan, Time Out.The partners have a cumulative influence of more than 300 million, and white-label SaaS solutions for companies and brands have earned $1.5 million in revenue from metaverse in the first 12 months.Preparing for the mid-2024 token generation campaign that promises to integrate its components into a cohesive gamified ecosystem
SixthDaoVC Reason to Follow: Metropolis has a team of storytellers with twenty years of world-building expertise designed to add depth to every corner of its virtual realm.We are still paying attention to the Metaverse Track in cooperation with many well-known artists and believe that there is still room for explosion, so this project can be regarded as a small, beautiful and exquisite project.
END
The above are the eight first-level projects we bring to you. We have been deeply engaged in the first-level investment field for three years. In the past, the projects we invested in have suffered losses, and also have ten times the returns or even hundreds of times the returns. The charm of the primary market lies in that you can understand.We have been exposed to the core resources and information of the project. Since we started with first-level investment research, we have tapped many potential projects. We hope to share high-quality projects with everyone. Only by participating in the early stages can we maximize the benefits.
