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Web3Port 2024 Annual Summary

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Followin' 2024 is a year for Web3Port to move towards a new stage, and an important moment to integrate forces and explore the future. Based on the accelerator business of the original Labs, Web3Port has expanded two new business segments - Web3Port Foundation and W3P Trading, and has made great progress. This year, the three major business segments have fully leveraged the synergistic effect, and through technological innovation, capital empowerment and ecological integration, they have comprehensively promoted the development of Web3Port and the healthy development of the industry.

Web3Port Foundation

1. 2024 Annual Review

On February 7, 2024, the Web3Port Foundation was officially established with an initial scale of $100 million to embark on the journey of exploring the metaverse. This year, we invested in 46 projects covering tracks such as Infra, DeFi, and AI, firmly practicing a long-term and professional strategy. 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 empower innovation and grow together with the industry.

2. Investment Situation

In 2024, Web3Port invested a total of 46 projects, with a total investment of ~$35 million. The investments cover tracks such as Infra, DeFi, AI, GameFi, and Social.

3. Major Events

For Web3Port Foundation, 2024 is a year of starting and harvesting. 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 established a strategic partnership with Movement and jointly launched a $10 million ecosystem fund to help the projects on Movement grow.

On September 18, 2024, Web3Port announced its official foray into the Middle East market, and joined 19 leading global institutions to establish the UAE VC Alliance, promoting the in-depth development of Web3 technology in the region and exploring the industrial layout of the new economy.

In addition, we have deepened our insights and understanding of the frontier trends of Web3 through various forms such as hosting industry events and participating in industry seminars.

4. Industry Insights

In 2024, Web3Port Foundation published 12 research reports, including track reports and project research, and shared our cognition and insights with the industry.

5. Future Outlook

In 2025, Web3Port Foundation will focus on public chain infrastructure, AI and Web3 applications, and promote technological innovation and application landing. In the public chain sector, we will increase investment in emerging ecosystems such as Movement and BeraChain; in the AI field, we 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, we will support payment, consumer applications and decentralized social entertainment, helping user scale to achieve breakthrough growth.

In addition, we will continue to pay attention to frontier directions such as RWA, DeSci and functional NFTs, promoting the transparency of on-chain assets, scientific research, and the landing of innovative applications. What's worth looking forward to is 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 build the future blueprint of the Web3 ecosystem.

Web3Port Labs

Web3Port Labs provides comprehensive full-cycle support and investment support for Web3 projects at various stages. Through our primary market investment fund and secondary market liquidity fund, as well as a one-stop Web3 incubator platform, we provide startups with complete lifecycle support, including product design, financing, user growth, etc.

2024 is a year full of challenges and opportunities, and Web3Port Labs has made significant progress and achievements this year:

1. Main Business

Web3Port Labs has formed a mature and complete funnel model, and has established 6 acceleration business departments to provide full-process acceleration support for Web3 projects from 0 to 1:

  • Strict screening mechanism: Strictly screen the projects submitted to the accelerator, and evaluate the potential of the projects, the ability of the teams, and their complementarity.
  • Customized support: Provide customized support and guidance for each accelerated project, including providing professional knowledge and resources in business model design, economic model design, technical development, financing, marketing, listing, and operations.
  • Regular evaluation and adjustment: Regularly evaluate the accelerated projects and make timely adjustments and optimizations based on the progress and feedback of the projects.
  • Participation and feedback from partners: Invite cooperating VCs, mentors or communities to participate in guidance, and provide diversified perspectives and suggestions for the accelerated projects.
  • Continuous learning and innovation: Provide training and development opportunities for the team members of the accelerated projects through online and offline activities.

2. Core Data

  1. Project Acceleration:
  • Total number of accelerated projects in 2024: 78
  • Assisted financing projects: 83, with a total financing amount of ~$120 million
  • Number of joint investment funds participated: 170
  • Regional ratio: North America & Europe 59%, Asia 41%
  • Number of projects launched this year: 31

2. Comprehensive coverage of key tracks:

  • Involved tracks: public chain infrastructure (Layer1, Layer2, modular blockchain, EVM, ZK, DA, etc.), DeFi protocols, 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. Cooperation Network:

  • Startup network: ~3000+ Startups in total
  • Cooperating VCs: ~700+
  • Strategic cooperation: Jointly established the Royal Prestige Group Web3 Alliance with 19 institutions including Polygon, Animoca, Polychain, and HashKey Capital to strengthen the Web3 strategic layout in the Middle East and other regions;
  • Public chains: Established cooperation with more than 20 public chains, including Solana, BNB Chain, Movement, Aptos, Near, TON, and Sui.
  • Mentors: Have connected with 60+ globally renowned industry Mentors, including GSR, Chainlink, Galxe, and Fundamental.
  • Universities: Resources from 20+ top global universities, including Stanford, MIT, and UC Berkeley;
  • Media resources: 100+ vertical media and traditional media, 50+ marketing agencies, 300+ top global KOLs and communities

3. Landmark Achievements

  1. Star Projects:

A total of 16 star projects were accelerated in 2024, covering the projects disclosed in the appendix "Disclosure of Web3Port's Deeply Cooperated Star Projects".

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, and Middle East Horizons: Unlocking Global Collaboration;
  • Media exposure: Reported by media 100+ times, with a total viewership of over 8 million, and actively interacting with 190+ projects and 200+ global communities;

3. Ecosystem Building:

  • Closely interacted with 20+ public chains, promoting the implementation of 30+ ecosystem cooperation projects;
  • Introduced 200+ corporate resources for start-up projects, and reached 150+ business collaborations

W3P Trading

As the scale and scope of cooperation of Web3Port continue to expand, the team and partners have an increasingly urgent demand for professional secondary market support and value investment. In 2024, Web3Port split and expanded the secondary brand W3P Trading and the liquidity business segment, committed to providing partners with a sustainable capital growth model, and promoting the all-round development of partners through professional resource allocation and ecosystem support.

W3P Trading cooperation includes:

  • Provide funding and customized secondary market strategies for high-quality projects.
  • Participate in the design of token economic models, optimization of operation strategies, and brand building for projects.
  • Collaborate with the resource network of Web3Port Foundation and Web3Port Labs to help projects achieve all-round development and provide resource integration and business guidance.
  • Provide professional active market value management for cooperative projects, optimize token trading depth and market liquidity, covering all types of exchanges such as DEX and CEX.
  • Reduce market volatility through scientific liquidity strategies to ensure the stable market performance of projects.
  • Provide real-time market analysis and industry trend insights to help customers make wise investment decisions.

2. W3P Trading's achievements in 2024:

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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