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Corporate Venture
FINANCE | Asset/Financial Management
capital.viabtc.com

Investments

13

About ViaBTC Capital

ViaBTC Capital is an investment platform integrating capital, resources, and post-investment services, the wholly-owned investment brand established by ViaBTC Group. With international media resources of 500,000+ fans, a global network of1,000+ agents and 16+ language channels, Infrastructure & TechnicalGuidance and Global Investment Relationship Network, we believe that relying on the rich industry resources of ViaBTC group, ViaBTC Capital can accelerate the ecosystem development of the entire crypto industry

Headquarters Location

Shenzhen, Guangdong,

China

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Latest ViaBTC Capital News

ViaBTC Capital and CoinEx Release the 2022 Crypto Annual Report: Review of Nine Sectors and Forecast of Crypto Trend in 2023

Jan 27, 2023

January 27, 2023 sponsored In January 2023, ViaBTC Capital and CoinEx jointly released the 2022 Crypto Annual Report, providing data analysis and insights across nine sectors, including Bitcoin, Ethereum, Stablecoins, NFTs, Public Chains, DeFi, SocialFi, GameFi, and Regulatory Policies . The report also predicts the crypto trend in 2023. - Advertisement - According to the report, the entire cryptocurrency industry is set to bear down in 2022, influenced by factors such as the macro environment and bull-to-bear transition. Notably, most of the crypto sector was hit by bearish effects following the Terra meltdown in May. Below is an overview of each section. - Advertisement - 1. Bitcoin In 2022, the overall performance of bitcoin remained sluggish with a significant decline in price and trading volume compared to 2021. At the end of 2022, the price even dropped below the peak of the previous bull market. Bitcoin price action throughout the year is clearly affected by the pace of US interest rate hikes, but as the policy of US interest rate hikes progresses, its effect on Bitcoin price gradually diminishes. Used to be. about B T c Mining, the network difficulty remained at an all-time high. Meanwhile, mining revenues fell and miners had to discontinue their older models. Influenced by a number of factors, the mining industry saw a strong crowding-out effect, which drove owners of small mining farms out of the market for various reasons. At the same time, long-established mining pools and mining farms have managed to maintain a certain level of stability. - Advertisement - 2. Ethereum The primary statistics for Ethereum in 2022 turned to the downside. In addition to secondary market capitalization and transaction volume, on-chain data including TVL, transaction cost, active addresses, and burn volume also declined. Despite this, the network made considerable progress in 2022. On September 15th, Ethereum completed a historic transition from PoW to PoS. The merge significantly cut the network’s energy consumption and daily production, thereby reducing dumping pressure from secondary markets. Meanwhile, Layer 2 projects such as Arbitrum, Optimism, zkSync and Starknet launched their mainnets either in whole or in part. Although their daily transaction volume is much lower than the Ethereum mainnet, the projects exceed Ethereum in terms of the number of addresses. Furthermore, their gas fee was typically 1/40 of the fee charged by Ethereum. At the same time, the network also sees a steep rise in gas fees through 2022. 3. Stable Coins The stablecoin market as a whole was stable in 2022. Specifically, for the full year, the supply of stablecoins fell from $157 billion to $148 billion, a decline of 6%. In this sense, the decline was not much. With regard to centralized stablecoins, usdt Maintained its dominance while BUSD is surging on the back of Binance. In contrast, algorithmic stablecoins were hit hard by the LUNA collapse, shattering trust in decentralized stablecoins and reducing trading volumes. As a result, there was a marked decline in the number of new decentralized stable coins. 4. Public Chain Despite poor market conditions in 2022, public chains remain a competitive sector. New low-fee public chains maintained a bright run ahead of May as demand overflowed due to Ethereum network congestion. However, as many bad news arose and fermented, a series of bankruptcies followed. Many public chains were heavily affected, and the fall was worse than Ethereum. In May, Terra collapsed within days, making it the first known public chain to collapse. Furthermore, the Terra meltdown was also a signal that the market turned completely bearish. In November, Solana’s token price and TVL took another plunge, and projects within its ecosystem were also hurt by the collapse of FTX and Alameda Research. Other new series such as Phantom and Avalanche were also struggling. Meanwhile, several new public chains, including Layer 2 projects such as Arbitrum and Optimism, and meta-related chains such as Aptos and Sui, are slated to debut in 2022. 5. NFT Last year, the NFT sector took a downturn after its initial boom. In April, the market capitalization of NFTs reached $4.15 billion, an all-time high; In May, trading volume in the sector reached a record high of $3.668 billion, driven by a surge in the Otherside, a metaverse NFT collection developed by Yuga Labs. But soon after, the trading volume dropped as the NFT market slowed down. Meanwhile, the price of blue-chip NFTs, as well as ETH The price fell, both of which negatively affected the market. On the other hand, the number of NFT holders continued to grow and reached an all-time high in December. 6. DeFi The TVL of DeFi also went down in 2022. Notably, during the LUNA/UST meltdown in May, mainstream coins saw one of the most spectacular crashes in crypto history, followed by TVL collapse. Additionally, during the year, DeFi also faced frequent hacks, which raised security concerns for DeFi. In terms of innovation, although the first two quarters of 2022 saw periodic hype about DeFi 2.0, as well as the bearishness of OHM and (3, 3)mem, DeFi 2.0 turned out to be an almost entirely false narrative. , and the market shifted its focus back to DeFi 1.0 infrastructure projects such as Uniswap, Aave, and MakerDAO. Despite the bearish conditions, mainstream DeFi projects including AAVE and Compound have managed to maintain stable operations and attracted many new users from some CEFI projects (such as Celsius and FTX). 7. Socialify In 2022, the blockchain industry continues to explore new possibilities for Socialify. Throughout the year, we saw the appearance of iconic terms like Fan Token, Soulbound Token (SBT), Web3 Social and Decentralized Identity (DID), but PMF (Product-Market Fit) was never identified. Despite this, SocialFi still managed to present us with several star projects, including Web3 lifestyle app STEPN which incorporates SocialFi elements, credential network Galax, and more. bnb Chain Domain Name Service Space ID, Social Graph Lens Protocol and Web3 Gamified Social Learning Platform Hooked Protocol. Furthermore, the 2022 Qatar World Cup also helped Fan Token gain wider market attention. As a result, instead of declining due to the bearish effect, Fan Token also performed slightly better in 2022 than in 2021. 8. GameFi 2022 was also the debut of GameFi Bear. There was no significant innovation in the P2E blockchain game model. As users grew and trading volumes decreased, institutional investors moved away from the P2E model. In the first half of the year, the Move-2-Earn model created by STEPN captured the spotlight with its innovative dual-token economics and marketing approach, bringing new dynamism to GameFi. Last year, blockchain projects raised the largest amount of funding in April, with blockchain investments totaling $6.62 billion. However, the market did not respond to other project teams focusing on the Reality Plus token model. As multi-chain ecosystems gain increasing popularity, Ethereum continues to dominate the GameFi ecosystem, but the growth rate of projects on Ethereum has failed to match that bnb Chain and Polygon. Furthermore, most chains rely heavily on their top projects, and there are still very few quality GameFi projects with a small user base, subpar interactions, and low trading volumes. 9. Regulatory Policies Generally speaking, 2022 has been full of ups and downs for the cryptocurrency industry, but regulations are headed in the right direction. Over the past year, regulators in the developed world have made considerable progress. United States issues a regulatory framework for cryptocurrencies; The EU initially approved the MICA Act and the TFR Act; The United Kingdom and South Korea made progress in establishing related organizations; Russia and Hong Kong promote the discussion and implementation of policies for cryptocurrency mining and virtual asset securities. The turbulence in the cryptocurrency industry in 2022 was partly the result of a sharp drop in wealth and partly the result of regulatory loopholes and cracks. Last year, the bankruptcies of two top cryptocurrency projects, Terra and FTX, prompted national regulators and law enforcement agencies to further increase their crypto oversight and investigation. For more information, please visit the ViaBTC Capital website via the link:

ViaBTC Capital Investments

13 Investments

ViaBTC Capital has made 13 investments. Their latest investment was in TwitterScan as part of their Seed VC on September 9, 2022.

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ViaBTC Capital Investments Activity

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