Cointime

Cointime

Download App
iOS & Android

Bing Ventures: can Web3 Ventures provide a driver for innovation

Cointime Official

By Cointime.com 237

The Web3 Venture Capital industry is one of the most visible sectors today, focusing on supporting and investing in startups and projects that are driving innovation in Web3 technology and blockchain, which represents a profound improvement and revolutionization of the traditional Internet model, aiming to build a more decentralized, transparent, secure, and user-driven Internet ecosystem.

Many forward-looking and promising tracks have emerged in the Web3 Ventures industry, including Decentralized Finance (DeFi), Distributed Applications (DApps), Digital Identity, Smart Contracts, and Data Ownership. Through the introduction of blockchain technology and cryptography, Web3 provides users with greater privacy protection, control over personal data, and decentralized decision-making mechanisms. This decentralization-based architecture makes traditional intermediaries unnecessary, which reduces transaction costs, enhances security, and creates a broader space for entrepreneurs and developers to innovate.

However, the Web3 venture capital industry also faces a number of challenges. First, the maturity and scalability of the technology is a major issue, with limitations in network throughput, transaction speed and energy efficiency needing to be addressed.

Second, uncertainty in the regulatory environment is an important consideration for investors and entrepreneurs. Regulatory policies and regulations for digital assets are not well developed in different jurisdictions, which creates certain risks and uncertainties for the industry.

In addition, the fierce competition in the market also puts higher demands on entrepreneurs and project teams, requiring technical prowess, business insights, and good marketing strategies.

Despite the many challenges, the Web3 Ventures industry is still seen as a field of opportunity by entrepreneurs, technologists and investors alike. Continuous technology development, partnership building, and the ability to adapt to regulatory changes will be key ingredients for success. Over time, it is expected that the Web3 Ventures industry will continue to attract more capital and talent injections and play a significant role in the future of the digital economy.

Bing Ventures - The Web3 VC that keeps on pioneering

Bing Ventures is a pioneering venture capital firm focused on supporting and investing in entrepreneurs and early-stage startups that are committed to innovation in the Web3 and blockchain space. As an active participant in the development of the Web3 industry, Bing Ventures plays a key role in accelerating technological advances and driving change in the industry.

The company was founded in 2021 and is headquartered in Singapore. It was founded by a group of experienced bankers who worked at leading financial institutions such as J.P. Morgan and Standard Chartered Bank. They bring deep financial knowledge and extensive industry contacts, as well as extensive experience in investing and entrepreneurship in the Web3 space.

Bing Ventures' team members are based in Asia, the UK and the US, and this global distribution allows them to better capitalize on Web3 investment opportunities around the world. They build strong relationships with entrepreneurs and project teams everywhere to explore and realize innovative business models and technology applications.

As a venture capital firm, Bing Ventures not only provides capital backing, but also a wealth of expertise and resources for investment projects. They work closely with entrepreneurs to provide strategic guidance, marketing support, and industry insights to help startups achieve rapid growth and success.

Bing Ventures utilizes an industry-agnostic approach to evaluating and selecting investments to ensure objectivity and neutrality in investment decisions. They screen potential projects through in-depth research, due diligence and risk assessment, and build long-term relationships with outstanding companies.

Within the Web3 venture capital industry, Bing Ventures focuses not only on technological innovation, but also on sustainability and social impact. They support projects that make a positive difference in society and are committed to advancing the widespread adoption of Web3 technologies and providing a more secure, decentralized, and self-directed Internet experience for users around the world.

Portfolio

As a VC that has been deeply involved in the Web3 space for many years, Bing Ventures has a wealth of experience in venture capital and has developed a rich portfolio of investments through years of exploration.

1、Aura

Aura Network is a scalable, agile and easy-to-use Layer-1 blockchain that builds a comprehensive ecosystem designed to accelerate global NFT adoption.

2、Web3Port

Web3Port is a gas pedal that fuels the development of Web 3 projects, helping startups go from zero to one and scale to the next level.

3、Euterpe

Euterpe is the world's first IP-based NFT service. It is a marketplace where musicians, filmmakers, and other creators can offer their fans high-quality IP-NFT of their works.The concept of "IP-NFT" was first introduced by Euterpe. For the Euterpe team, the true value of NFT depends on the content it anchors.

4. Mynft.io

Mynft.io is an NFT platform owned by creators, voters and collectors.

5、WOO Network

WOO Network connects traders, exchanges, institutions and the DeFi platform to democratize access to optimal liquidity and trade execution at low or no cost.

6、Solv Protocol

Solv Protocol is a decentralized platform for creating, managing and trading financial NFTs.

7、SynFutures

SynFutures is a decentralized derivatives platform that allows for the free creation and trading of a variety of digital asset pairs using a single digital token as margin.

8、DeSyn Protocol

DeSyn Protocol is a DeFi protocol that allows users to create and trade pool-based assets such as ETFs/portfolios, leveraged assets, etc. via smart contracts.

9、OAK Network

OAK (On-chain Autonomous Kernel) Network is an automated Layer-2 blockchain for DeFi and recurring payments.

10、MetaTrust Labs

MetaTrust provides a builder-oriented platform for Web3 application security to perform Web3 application security scanning.

11、EZswap

EZswap is the first community-centric NFT decentralized exchange (DEX) to improve liquidity and share profits.

12、Aspecta

Aspecta builds an AI-generated identity, the Aspecta ID, for pioneer builders and others to showcase, connect and explore.

13、Prestare Finance

Prestare Finance is a lending protocol that can provide unsecured loans for virtually any asset without using off-chain information.

14、BuidlerDAO

Building a better Internet together. A community dedicated to helping builders create the future of the Web.

15、Dapp-Learning

We are designed for developers to step into blockchain DAPP development where they can learn about DeFi, NFT, DAO and crypto projects.

16、Little Frog

Little Frog is a decentralized asset manager on Web3 focused on creating and promoting crypto ETFs/portfolios, structured assets, and more to make crypto investing simple, accessible, and secure!

17. Blockless

A WASM-based, customizable execution layer that powers decentralized serverless applications.

18、Anichess

Anichess is an amazing game that combines the great skill of chess with groundbreaking technology for a mesmerizing gaming experience.

19、HypeSaints

HypeSaints is the first Web3-uploaded Gameboy eco-product. We will introduce Gameboy NFT and NFS (Non-Formative Storytelling) to enhance user experience, profitability and creativity, and NFS will become an "on-chain storytelling tape" that users can buy, experience, sell and rent. By engaging in interactive content and gameplay embedded in the NFS, users will have an immersive experience and earn tokens that can be spent on interacting with the "story tape" or other uses.

20. 4EVERLAND

4EVERLAND is a Web 3.0 cloud computing platform that integrates storage, computing and networking as its core capabilities. It aims to help users smoothly transition from Web 2.0 to Web 3.0, and become the infrastructure for millions of Web 3.0 developers and applications.

21. CARV

Builds a gaming-focused identity infrastructure that enables players to display achievements, semantically socialize and gain privileged access to games.

Conclusion

Despite some of the challenges and uncertainties associated with the Web3 Ventures industry, it is still seen as an area of opportunity and potential. As the technology continues to evolve and mature, Web3 is expected to drive the next wave of revolution on the Internet and change the way people approach data, identity, finance and socialization.

In the author's opinion, when evaluating and selecting investment projects, multiple factors such as technological innovation, business model, team strength and market demand need to be considered. At the same time, the regulatory environment and regulations will play an important role, so it is necessary to pay close attention to and properly handle compliance matters with the regulatory agencies in each country.

For investors, participating in Web3 Ventures requires a high level of risk awareness and adequate due diligence and risk assessment of the project. At the same time, building long-term relationships and providing strategic guidance can help startups stand out in a competitive market.

Overall, the Web3 Ventures industry is driving the global digital economy and creating broader opportunities for entrepreneurs and developers. However, successful investments and startups still require the right timing, excellent execution, and adaptation to changing market needs. Through continued technological innovation and partnership building, the Web3 Ventures industry is poised for long-term success and a positive impact on global innovation.

Web3
Comments

All Comments

Recommended for you

  • cointelegraph ·

    OKX Ventures invests in Web3 ‘play ARPG to train AI’ game Blade of God X

    The game is currently available in early access on the Epic Games Store.

    OKX Ventures invests in Web3 ‘play ARPG to train AI’ game Blade of God X

  • Xinjiang launches special campaign to combat illegal fundraising, with key areas including virtual currency, blockchain, etc.

    According to Chang'an Xinjiang Public Account, Xinjiang Autonomous Region and Corps have launched a joint special action to crack down on illegal fund-raising, with key areas including third-party wealth management, fake private equity, fake gold exchange and other traditional fields, as well as emerging fields such as virtual currency, blockchain, cultural tourism, film and television investment, and debt resolution services. It is reported that key cases include cases involving more than 100 million yuan and cases that have been criminally filed for more than five years.

  • A British court has postponed the final sentencing of Wen Jian, a British-Chinese national involved in the country's largest Bitcoin money laundering case, until May 24.

    On May 11th, it was reported that Jian Wen, a 42-year-old British Chinese citizen, was found guilty of "participating in arranging money laundering" in the UK's largest Bitcoin money laundering case. He could be sentenced to up to 14 years in prison. Jian Wen's defense lawyer, Mark Harries, stated that due to the judge's busy schedule, the UK court has postponed Jian Wen's final sentencing, which was originally scheduled for May 10th, to May 24th.

  • Web3 startup Star Nest completes $6 million in Pre-A round of financing

    Hong Kong Web3 music startup Star Nest announced that it has completed a $6 million Pre-A round of financing, led by Chuangqi International Limited, a wholly-owned subsidiary of Hong Kong Stock Exchange-listed company Guofu Innovation. Star Nest will collaborate with Armonia Meta Chain to develop the Star Nest SpaceStar metaverse game, which includes music, role-playing, and social features.In addition, Star Nest plans to launch its NEST project in the third quarter of 2024. Nest will receive 2.1 billion NEST tokens tailored for the project, and Star Nest will use the NEST token to build a more complete music industry token economic system. The NEST token will be widely used for purchasing performance tickets, chain game cooperation, metaverse consumption, governance voting, and other activities.

  • Over $594 million worth of PYTH is staked

    According to Dune data,  there are currently 1,201,167,362 PYTH tokens in the staked state, with a total staked value exceeding $594 million. The number of PYTH stakers has reached 151,211.

  • US Department of Justice: Tornado Cash indictment has nothing to do with "free speech"

    On May 11th, the US Department of Justice explained why the motion to dismiss the criminal case against Tornado Cash founder Roman Storm was invalid. The Department of Justice reiterated that their indictment was not related to whether the Tornado Cash computer code had freedom of speech or was protected by the First Amendment of the Constitution. The defendant was not charged for publishing computer code, but for using it to facilitate profitable illegal activities.

  • USDC circulation decreased by $100 million in the past week, with a total circulation of $33 billion

    According to official data，as of May 9th, Circle has issued approximately $2 billion USDC and redeemed approximately $2 billion USDC in the past 7 days, with a decrease in circulation of approximately $100 million. The total circulation of USDC is $33 billion, with a reserve of $33.1 billion, including approximately $3.3 billion in cash and Circle Reserve Fund holding approximately $29.8 billion.

  • SEC rejects Coinbase's request for appeals court ruling on cryptocurrency rules

    The US SEC has rejected Coinbase's request to appeal to the court to review whether traditional securities rules are applicable to cryptocurrencies. In its application, Coinbase stated that it hoped the appeals court would consider whether the Howey test, which has long been used for securities evaluation, should be applied to digital assets. However, the SEC pointed out that Coinbase has not successfully demonstrated the need for such an evaluation. The SEC stated that Coinbase is attempting to create a "new legal test," but this attempt was rejected by the court. The court found that Coinbase's arguments lacked consistency and did not successfully demonstrate the existence of decisive issues. Currently, the judge responsible for hearing the SEC's case against Coinbase will make a ruling on Coinbase's intermediate appeal motion.

  • Colombian President Suspected of Accepting $500,000 in Illegal Crypto Donations

    Colombian President Gustavo Petro is suspected of accepting over $500,000 in digital token donations from a fraudulent cryptocurrency project during his 2022 election campaign. A former contractor revealed that the illegal donation occurred during a meeting in February 2022 that discussed the advantages of cryptocurrency and the possibility of working with the government. This allegation is one of the latest charges faced by President Petro during his election campaign, with the Colombian Prosecutor's Office investigating his campaign last year.

  • Barcelona-based Web3 Video Games Startup GFAL Raises $3.2M in Seed Funding to Expand Team and Accelerate Production Plans

    Barcelona-based startup GFAL has secured $3.2 million in seed funding from investors including Supercell Ltd and Mitch Lasky. The company plans to use the funds to expand its team and accelerate its game production plans, which leverage AI and Web3 technology for immersive gameplay. GFAL's Elemental Raiders mobile game soft-launched in March 2023, with plans to build on this for a 2024 launch. CEO Manel Sort expressed gratitude for the investment and excitement to work with former colleagues from Digital Chocolate.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company