What were the key market developments in the Web3 space over the past week? Which events were truly valuable? The Web3Caff Research Member Weekly Report will summarize the latest funding data and market trends for you each week, featuring selected analyses of key funding projects, interpretations of market hotspots, and in-depth research reports to help you efficiently capture the forefront of Web3 trends.
Cover: Web3Caff Research
Issue number: 2025/12/20-2025/12/26, 140 issues
Table of contents
- Recommended research reports this week
- Web3 2025 Annual Report (40,000 words) (Part 1): Facing the Historical Convergence of Finance × Computing × Internet Order, Is a Major Industry Shift Imminent? A Panoramic Analysis of its Structural Changes, Value Potential, Risk Boundaries, and Future Outlook
- Market Trends This Week
- Market Hotspot Commentary
- Metis's launch of the LazAI Alpha mainnet , aiming to maximize the value of private data, is bringing a turning point to the narrative of AI-native assets.
- How can AI asset ownership be distributed and circulated with credibility? zCloak Network launches the Gen-IP protocol to reshape the paradigm of native economic collaboration on the AI blockchain.
- This week's financing events
- Analysis of popular financing projects
This research report (available for free reading) was written by K, a researcher at Web3Caff Research. It systematically analyzes the core logic behind the changing stages of Web3 development by 2025, focusing on why application exploration and system collaboration are gradually becoming new areas of focus amidst the continuous evolution of underlying and regulatory capabilities. Key points include:
① Background of the stage evolution: The underlying reasons for the change in industry focus after the completion of infrastructure construction;
② Key mechanism changes: The rule framework and on-chain mechanisms are gradually becoming clearer, and their impact on the system's operation;
③ Main application areas: Exploration paths focusing on payment settlement, real-world scenario mapping, and programmable collaboration;
④ Future development direction: Explore the evolution of Web3 in 2026 and beyond.
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- Member Weekly Report (Effective Absorption of Weekly Highlights)
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- Member Weekly Report (Effective Absorption of Weekly Highlights)
- Unlock the historical content of sections with member privileges.
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- PRO Member Community (for collaborative learning and improvement with analysts, practitioners, investors, and others)
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- Includes a complimentary exclusive benefits package worth over ¥9000.
- Automatically enjoy the referral incentive program policy
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180-day Plus subscription for individual members
80+ sub-tracks and all exclusive in-depth research reports are available now. $ 128
- Research Reports section (all project, narrative, and sector-specific research reports, updated weekly, covering 80+ sectors and millions of words of exclusive, top-tier, hard-core content; user reviews say "I wish I'd discovered this sooner")
- Our market pulse analysis and financing project decryption columns (updated approximately 2-4 times per week, easily capturing market hotspots and popular financing projects)
- Member Weekly Report (Effective Absorption of Weekly Highlights)
- Unlock the historical content of sections with member privileges.
- Web3 Project Financing Database
- Web3 Event Tracking Database
- Web3 Terminology Hovering Definitions (Instant explanations of technical terms, making research reports easy for beginners)
- Plus Membership Community (for collaborative learning and improvement with analysts, practitioners, investors, and others)
- Daily internal news push
- Daily Featured Push
- Infographic push notifications (popular data, featured images, etc.)
- Right to propose research topics
- Includes a complimentary exclusive benefits package worth over ¥9000.
- Automatically enjoy the referral incentive program policy
- New customers enjoy a 3-day no-questions-asked refund policy.
180-day Plus+ subscription for individual members
High signal-to-noise ratio delivery, including in-depth research reports and trending topic pushes. $ 159
- Research Reports section (all project, narrative, and sector-specific research reports, updated weekly, covering 80+ sectors and millions of words of exclusive, top-tier, hard-core content; user reviews say "I wish I'd discovered this sooner")
- Our market pulse analysis and financing project decryption columns (updated approximately 2-4 times per week, easily capturing market hotspots and popular financing projects)
- Member Weekly Report (Effective Absorption of Weekly Highlights)
- Unlock the historical content of sections with member privileges.
- Web3 Project Financing Database
- Web3 Event Tracking Database
- Web3 Terminology Hovering Definitions (Instant explanations of technical terms, making research reports easy for beginners)
- Plus+ Member Community (for collaborative learning and improvement with analysts, practitioners, investors, and others)
- Daily internal news push
- Daily Featured Push
- Infographic push notifications (popular data, featured images, etc.)
- Right to propose research topics
- Includes a complimentary exclusive benefits package worth over ¥9000.
- Automatically enjoy the referral incentive program policy
- New customers enjoy a 3-day no-questions-asked refund policy.
180-day PRO subscription individual membership
Unlock all the essentials, granular tracing and decryption of Web3. $ 199
- Research Reports section (all project, narrative, and sector-specific research reports, updated weekly, covering 80+ sectors and millions of words of exclusive, top-tier, hard-core content; user reviews say "I wish I'd discovered this sooner")
- Our market pulse analysis and financing project decryption columns (updated approximately 2-4 times per week, easily capturing market hotspots and popular financing projects)
- Member Weekly Report (Effective Absorption of Weekly Highlights)
- Unlock the historical content of sections with member privileges.
- Web3 Project Financing Database
- Web3 Event Tracking Database
- Web3 Terminology Hovering Definitions (Instant explanations of technical terms, making research reports easy for beginners)
- PRO Member Community (for collaborative learning and improvement with analysts, practitioners, investors, and others)
- Daily internal news push
- Daily Featured Push
- Infographic push notifications (popular data, featured images, etc.)
- Right to propose research topics
- Includes a complimentary exclusive benefits package worth over ¥9000.
- Automatically enjoy the referral incentive program policy
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- Our market pulse analysis and financing project decryption columns (updated 2-4 times per week, easily capturing market hotspots and popular financing projects)
- Member Weekly Report (Effective Absorption of Weekly Highlights)
- Unlock the historical content of sections with member privileges.
- Web3 Project Financing Database
- Web3 Event Tracking Database
- Web3 Terminology Database (Supports floating definitions for terms within reports)
- Daily internal news push
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- Right to propose research topics
- Includes a complimentary exclusive benefits package worth over ¥9000.
- Automatically enjoy the referral incentive program policy
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- Customized research report (1 copy, topic selection requires review, let a highly reputable research team in the industry conduct specialized research for you and produce results)
- Customized research reports discounted (10% off)
- Access to research reports in advance (unlimited access; upon request, reports can be unlocked ahead of the market after the official release of research report previews).
- Institutional-level closed-door communication meetings (once per quarter, to obtain first-hand information and resources on industry trends).
- One-on-one consultation with an analyst (1 hour, topic subject to review)
- Analyst-exclusive Q&A service (8 questions, topics subject to review)
- Browse the analyst Q&A summary section (a curated selection of high-value, insightful content).
- Exclusive community for institutions (for collaborative research and improvement with Web3 executives, institutions, funds, etc.)
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- Research Reports section (all project, narrative, and sector-specific research reports, updated weekly, covering 80+ sectors and millions of words of exclusive, top-tier, hard-core content; user reviews say "I wish I'd discovered this sooner")
- Our market pulse analysis and financing project decryption columns (updated 2-4 times per week, easily capturing market hotspots and popular financing projects)
- Member Weekly Report (Effective Absorption of Weekly Highlights)
- Unlock the historical content of sections with member privileges.
- Web3 Project Financing Database
- Web3 Event Tracking Database
- Web3 Terminology Database (Supports floating definitions for terms within reports)
- Daily internal news push
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- Includes a complimentary exclusive benefits package worth over ¥9000.
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- Multiple accounts for enterprises (customized seats on demand)
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- Institutional-level closed-door communication meetings (once per quarter, to obtain first-hand information and resources on industry trends).
- Analyst 1-on-1 communication (customized as needed, topics subject to approval)
- Analyst-sponsored Q&A service (customized to your needs, topics subject to approval).
- Browse the analyst Q&A summary section (a curated selection of high-value, insightful content).
- Exclusive community for institutions (for collaborative research and improvement with Web3 executives, institutions, funds, etc.)
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- Research Reports section (all project, narrative, and sector-specific research reports, updated weekly, covering 80+ sectors and millions of words of exclusive, top-tier, hard-core content; user reviews say "I wish I'd discovered this sooner")
- Our market pulse analysis and financing project decryption columns (updated 2-4 times per week, easily capturing market hotspots and popular financing projects)
- Member Weekly Report (Effective Absorption of Weekly Highlights)
- Unlock the historical content of sections with member privileges.
- Web3 Project Financing Database
- Web3 Event Tracking Database
- Web3 Terminology Database (Supports floating definitions for terms within reports)
- Daily internal news push
- Daily Featured Push
- Infographic push notifications (popular data, featured images, etc.)
- Right to propose research topics
- Includes a complimentary exclusive benefits package worth over ¥9000.
- Automatically enjoy the referral incentive program policy
More flexible
Institutional Standard Edition Annual Membership
Suitable for startups, enabling them to establish a research system at low cost. $ 7000
- Multiple accounts for enterprises (single seat)
- Customized research report (1 copy, topic selection requires review, let a highly reputable research team in the industry conduct specialized research for you and produce results)
- Customized research reports discounted (9.5% off)
- Early access to research reports (3 times; can be unlocked ahead of the market upon request after the official release of research report previews).
- Institutional-level closed-door communication meetings (once per quarter, to obtain first-hand information and resources on industry trends).
- One-on-one consultation with an analyst (1 hour, topic subject to review)
- Analyst-exclusive Q&A service (8 questions, topics subject to review)
- Browse the analyst Q&A summary section (a curated selection of high-value, insightful content).
- Exclusive community for institutions (collaborating with Web3 executives, institutions, funds, etc. for collaborative research and improvement)
- Database product CSV download (available upon request in "partial" format, once per year)
- Research Reports section (all project, narrative, and sector-specific research reports, updated weekly, covering 80+ sectors and millions of words of exclusive, top-tier, hard-core content; user reviews say "I wish I'd discovered this sooner")
- Our market pulse analysis and financing project decryption columns (updated 2-4 times per week, easily capturing market hotspots and popular financing projects)
- Member Weekly Report (Effective Absorption of Weekly Highlights)
- Unlock the historical content of sections with member privileges.
- Web3 Project Financing Database
- Web3 Event Tracking Database
- Web3 Terminology Database (Supports floating definitions for terms within reports)
- Daily internal news push
- Daily Featured Push
- Infographic push notifications (popular data, featured images, etc.)
- Right to propose research topics
- Includes a complimentary exclusive benefits package worth over ¥9000.
- Automatically enjoy the referral incentive program policy
Cost-effectiveness
Institutional Professional Edition Annual Membership
Strong research + analyst support $ 13800
- Multiple accounts for enterprises (3 seats)
- Customized research report (1 copy, topic selection requires review, let a highly reputable research team in the industry conduct specialized research for you and produce results)
- Customized research reports discounted (10% off)
- Access to research reports in advance (unlimited access; upon request, reports can be unlocked ahead of the market after the official release of a research report preview).
- Institutional-level closed-door communication meetings (once per quarter, to obtain first-hand information and resources on industry trends).
- One-on-one consultation with an analyst (1 hour, topic subject to review)
- Analyst-exclusive Q&A service (8 questions, topics subject to review)
- Browse the analyst Q&A summary section (a curated selection of high-value, insightful content).
- Exclusive community for institutions (collaborating with Web3 executives, institutions, funds, etc. for collaborative research and improvement)
- Database product CSV download (available upon request for "full" data, 2 times/year)
- Research Reports section (all project, narrative, and sector-specific research reports, updated weekly, covering 80+ sectors and millions of words of exclusive, top-tier, hard-core content; user reviews say "I wish I'd discovered this sooner")
- Our market pulse analysis and financing project decryption columns (updated 2-4 times per week, easily capturing market hotspots and popular financing projects)
- Member Weekly Report (Effective Absorption of Weekly Highlights)
- Unlock the historical content of sections with member privileges.
- Web3 Project Financing Database
- Web3 Event Tracking Database
- Web3 Terminology Database (Supports floating definitions for terms within reports)
- Daily internal news push
- Daily Featured Push
- Infographic push notifications (popular data, featured images, etc.)
- Right to propose research topics
- Includes a complimentary exclusive benefits package worth over ¥9000.
- Automatically enjoy the referral incentive program policy
Strong companionship
Institutional Customized Annual Membership
Suitable for professional organizations, requiring in-depth research and customized support. Starting from $ 14k
- Multiple accounts for enterprises (customized seats on demand)
- Customized research reports (tailored to your needs, topic selection requires review, let a highly reputable research team in the industry conduct specialized research and produce results for you)
- Customized research reports - 10% off
- Access to research reports in advance (unlimited access; upon request, reports can be unlocked ahead of the market after the official release of a research report preview).
- Institutional-level closed-door communication meetings (once per quarter, to obtain first-hand information and resources on industry trends).
- Analyst 1-on-1 communication (customized as needed, topics subject to approval)
- Analyst-sponsored Q&A service (customized to your needs, topics subject to approval).
- Browse the analyst Q&A summary section (a curated selection of high-value, insightful content).
- Exclusive community for institutions (collaborating with Web3 executives, institutions, funds, etc. for collaborative research and improvement)
- Database product CSV download (partial/full download available upon request based on customized needs)
- Research Reports section (all project, narrative, and sector-specific research reports, updated weekly, covering 80+ sectors and millions of words of exclusive, top-tier, hard-core content; user reviews say "I wish I'd discovered this sooner")
- Our market pulse analysis and financing project decryption columns (updated 2-4 times per week, easily capturing market hotspots and popular financing projects)
- Member Weekly Report (Effective Absorption of Weekly Highlights)
- Unlock the historical content of sections with member privileges.
- Web3 Project Financing Database
- Web3 Event Tracking Database
- Web3 Terminology Database (Supports floating definitions for terms within reports)
- Daily internal news push
- Daily Featured Push
- Infographic push notifications (popular data, featured images, etc.)
- Right to propose research topics
- Includes a complimentary exclusive benefits package worth over ¥9000.
- Automatically enjoy the referral incentive program policy
More flexible
