The third phase of SixthDaoVC investment research: Accurately grasp high-quality projects in the primary market

Hello everyone, the SixthDaoVC investment research column that has been delayed for more than half a year is back. We summarized and partially participated in some projects in the first two issues. Let’s briefly review the first two issues. The second As shown in the picture:

The latest progress of the second phase project:

1. EigenLayer has become the leading giant project in the re-staking ecosystem

2. Superfluid The new round of financing raised US$5.1 million, with participation from super VCs such as Fabric Ventures and Multicoin Capital

3. LayerZero will be launched in Q2 soon

4. Formless completed US$2.2 million in financing, a16z Crypto participated

5. Gameta completed US$5 million in financing, with Binance Labs participating

The first phase Investment Research: The first phase of SixDaoVC project investment research: Selection of eight first-level projects

Celestia, Sei Needless to say, the first BN

Berachain has now become a hot star project

After reviewing the first two issues, let’s start the third phase project explanation

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

Participating investment institutions: Binance Labs, Polychain, Hack VC, IOSG Ventures, Framework Ventures, Breyer Capital, Polygon Ventures, OKX Ventures, ABCDE Capital, IDG Capital, etc.

Project progress: The Pioneer Test Activity of Bitcoin Staking was launched some time ago. There were 101,157 qualified users in the BTC pledge test network and submitted Polygon addresses. This activity made a fortune. At the same time, Babylon will work with informalinc to introduce the Bitcoin staking protocol to Cosmos, transforming the Cosmos Hub into a multi-asset security aggregator supported by ATOM, BTC and ecosystem tokens.

SixthDaoVC Reason for attention: As one of the most watched projects in the Bitcoin ecosystem, babylon is more like an institutional project and has community support. Its founder is a Stanford professor, which has enabled the project to receive investment from many well-known VCs. Coupled with the participation of BN, BN can be launched after waiting for the mainnet to be launched in the second quarter.

Io.net

Introduction: io.net is a decentralized computing network supported on the Solana blockchain Develop, execute and scale ML applications, combining 1 million GPUs to form the world's largest GPU cluster and DePIN.io.net aggregates data from underutilized resources such as independent data centers, crypto miners, and Filecoin, Render CryptoProject) to solve this problem, these resources combined in the Decentralized Physical Infrastructure Network (DePIN) allow engineers to obtain large amounts of computing power in a system that is accessible, customizable, cost-effective, and easy to implement. 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 investment 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 launch of the Ignition plan, the number of GPU miners has increased from 26,000 to more than 51,000 within 10 days. The token is expected to launch on April 28.

SixthDaoVC Reasons for attention: io.net is currently very popular in the primary market. The track positioning of this project can last for a long time. AI is the mainstream narrative plus Participation in the depin model is a classic institutional project that promotes community participation. There is a high probability that BN will be launched in April.

Lava network

Introduction: Lava Network aims to become a marketplace for blockchain data. It incentivizes node providers and decentralized application users to feed market blockchain data into its network.

Official website: https://www.lavanet.xyz/

Financing: 15 million USD seed round

Participating 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 default RPC by the largest react js library), NEAR (contract signed - announcement sneak peek) Koii (signed) and more ecosystems. The mainnet is expected to be launched in the first quarter, and there will be airdrop rewards at the same time.

SixthDaoVC Reason for attention: The modular track has just begun, and RPC nodes are also a hard requirement. When the two are combined, I believe this project will be very promising. , Lava made millions of dollars in profit last year and is expected to make more than 5 million dollars in profit this year. It can support any blockchain API and RPC. The base layer can be extended using the modular specification, a new blockchain primitive, which means Lava can become the API layer for all chains, allowing dapps to customize their packages and access any API under a single subscription.

Unisat

Introduction: One of the most popular browser extension wallets that supports ordinals, allowing users to safely and easily trade in Bitcoin Store, send and receive Bitcoins and Ordinals on the Bitcoin blockchain.

Official website; https://unisat.io/

The financing amount has not been disclosed

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Participating investment institutions: OKX Ventures, Vitalbridge Capital, ABCDE Capital, SWC Global, LK Venture, Skyland Ventures, etc.

Project progress: It is currently undergoing security review and has passed the Google Play review process. It is expected to launch an APP for user convenience. The brc20-swap standardization update will soon support cursed inscriptions and evaluate rune potential.

SixthDaoVC Reason for attention: As one of the projects currently with inscription and BRC20 pricing power, it can be said that it has the most users and the most popular wallet besides OKX wallet and BN wallet. Infrastructure of concern. We said last year that the positioning and significance of unisat is equivalent to unisawp in defi. Inscription requires a product that is large enough in this pattern and continues to be built.

Diba and Bitmask

Introduction: These are two products of the same company. DIBA is a Bitcoin NFT market. Allows users to trade any asset issued by a Bitcoin smart contract on a layer 2 network (such as the Lightning Network). BitMask Wallet: Browser extension for decentralized applications on Bitcoin. Use RGB protocol to access Bitcoin finance, NFT (UDA)

Website: https://bitmask.app/

The financing amount was not disclosed

Participating investment institutions:

Waterdrip Capital , Draper Associates, Actai Ventures, Rodney Yesep, Brad Mills, Martial Eagle Fund, SixthdaoVC

Project progress: The first 9 RGB resources have been left on BitMask Imprint, 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 been paying attention to. At the same time, we believe that RGB will have great opportunities, so we chose the current Bitmask, the most formal looking project in the RGB circuit, makes bets.

BitSmiley

BitSmiley is the MakerDAO of the Bitcoin ecosystem, by solving the most significant gap in the current Bitcoin ecosystem— —Stablecoin and lending infrastructure, providing comprehensive solutions for Bitcoin DeFi. In addition to offering stablecoins in the bitRC20 format over-collateralized in BTC, BitSmiley also facilitates peer-to-peer lending based on BRC20. In addition, it has established insurance and CDS derivatives based on the lending framework.

Official website: https://www.bitsmiley.io/

The financing amount has not been disclosed

Participating investment institutions: Kucoin Ventures, SatoshiLab, ABCDE Capital, OKX Ventures, CMS Holdings, Foresight Ventures, LK Venture, Waterdrip Capital, Blockchain Founders Fund, ArkStream Capital , 7upDAO, Comma3 Ventures, Momentum Capital (MT Capital), Cryptogram Venture (CGV), Candaq Fintech Group, etc.

Project progress: Cooperating with merlin, users can pledge bitDisc-Black NFT, this NFT has increased hundreds of times since its release. Cooperate with portal to integrate $bitUSD into the PortalDEX network, carry out bitSmiley carnival activities, and get rewards. Waiting for the staking to go online will start a new round of narrative.

SixthDaoVC Reasons to follow: BitSmiley has achieved many excellent results since its launch. The OG NFT cards released at the same time in cooperation with many projects have made most players earn dozens of dollars. Times, it has received investment from leading institutions. As an innovative stablecoin project in the BTC ecosystem, it is expected that it can fill the gaps in the BTC ecosystem. It is expected to be launched on major exchanges such as OKX and kucoin.

Monad

Introduction: In building high-performance layer 1 blockchains for the next generation of decentralized applications, Its mission is to accelerate the disruptive power of decentralization by building a blockchain that is 100x to 1000x faster than its nearest competitor, alleviate the severe bottlenecks of existing blockchains, and enable more complex applications and more Widely adopted

Official website: https://www.monad.xyz/

Financing : US$19 million

Participating investment institutions: Dragonfly, Lemniscap, Shima Capital, Placeholder, Finality Capital Partners, Credibly Neutral, Naval Ravikant, Cobie, Hasu, 0xMaki< /p>

Project progress: Wormhole airdropped to the monad community and launched the internal test network. Nearly 60 projects have confirmed that they will build based on Monad and are waiting for the test network to be launched

SixthDaoVC Reasons to pay attention: Monad's vision is to massively improve the execution efficiency of EVM in a single layer of Layer 1 through "parallel processing", thereby unleashing 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 public chain king-level project, or the next sol

Metropolis

Metropolis is delivering a curated, artist-drawn, functional virtual world that includes a digital physical marketplace, exclusive events, and end-to-end gamification. At its core, MetropolisX is a collaborative marketplace where creators can monetize and launch personalized products, while their fans can have a more immersive connection and access exclusive products, content and experiences.

Official website: https://www.metropolisworld.io/

Financing amount: 120 Ten thousand US dollars

Participating investment institutions: Cointelegraph Accelerator, Lamina1 Ecosystem Fund, ACS, Outlier Ventures, Protocol Labs, Primal Capital, Zephyrus Capital, Cluster Capital, EthLizards, Acacia Digital, Block Consult, IBC and multiple strategic angel investors participated in the investment.

Project progress: Signed more than 350 cooperation agreements with top brands and creators such as Yung Gravy, Steve Aoki, Christian Cowan, Time Out, etc. Cumulative partner reach of over 300 million, white label SaaS solution for companies and brands, with $1.5 million in revenue from the metaverse in the first 12 months. Preparing for a mid-2024 token generation event that is expected to integrate its various components into a cohesive gamification ecosystem

SixthDaoVC Reasons to Watch: Metropolis has a team of storytellers with two decades of world-building expertise aiming to add depth to every corner of its virtual realm. We have cooperated with many well-known artists, and we are still paying close attention to the Metaverse track, and believe that there is still room for explosion, so this project can be regarded as a small, beautiful, and precise project.

END

The above are the eight first-level projects we have brought to you. We are deeply involved in the first-level investment field. In the past years, some of the projects we invested in lost money, while others yielded ten-fold or even hundred-fold gains. The charm of the primary market is that you can understand and access the core resources and information of the project. Since we started doing primary investment research, we have tapped into a lot of potential. Project, I hope to share high-quality projects with everyone. Only by participating in the early stages can the benefits be maximized.