Web3 Aggregated #1 - 2023 in Review + Weekly Report
The first newsletter of Web3 Aggregated. Curated insights, market intelligence, and lucrative opportunities in the ever-evolving Web3 landscape.
Welcome to Web3 Aggregated, the essential newsletter that distills the vast ocean of Web3 developments into a clear stream of opportunities. As 2023 draws to a close, we take a moment to reflect on the transformative shifts that have defined the digital asset landscape. From groundbreaking NFT collections to strategic public sales and the ascent of AI tokens, this year has been a showcase of the innovative spirit inherent in Web3.
In this inaugural free issue, we offer a tantalizing glimpse into the robust growth and vibrant investments that have fueled the sector. Web3 Aggregated, powered by ChainIntel, is dedicated to unearthing the most promising ventures and income opportunities for our readers. Our mission is to provide you with actionable insights and in-depth analysis, empowering you to capitalize on the Web3 revolution. Join us as we navigate through a year of dynamic changes and step into a future brimming with potential. Don’t forget to be a paid subscriber to access the full Web3 Aggregated newsletter. This issue #1 is the first free preview of what you get as a paid subscriber.
TLDR
2023 in Review: A Year of Dynamic Shifts in Web3 (NFTs Take Center Stage, Public Sales Skyrocket, AI and the Blockchain Revolution, New Coins, New Horizons, Fundraising Fuels Innovation)
2023's Biggest Airdrop Extravaganzas
Liquidity Unleashed: 2023's Top Liquid Staking Tokens
Weekly Market Overview (Market Temperament, Performance at a Peek, Opportunity Highlights, Sector Spotlight, Insights & Trends, Funding rounds
Market Watch: Upcoming Unlocks to Keep an Eye On
Weekly Airdrop & Free Income Opportunity Roundup (Zetachain Airdrop Update, zkSync X zkLink Nexus Alpha Mainnet Playground Celebration Campaign, Get the roles from Swan Chain, Confirmed airdrop by CoralApp, Airdrop on Aptos by Cred, Manta published information about rewards, New free NFT on Holograph)
Conclusion
2023 in Review: A Year of Dynamic Shifts in Web3
As we cap off 2023, let's take a panoramic view of a transformative year in the Web3 sphere. From NFTs to public sales, AI tokens, new coin launches, and crypto fundraising, this year has been nothing short of eventful.
NFTs Take Center Stage
The year witnessed incredible trade volumes in NFTs with collections like DeGods and MechMindsAI leading at $307M and $296M respectively. Not just art, these collections have become a cultural phenomenon, with floor prices indicating the minimum you'd need to join the club.
Public Sales Skyrocket
Token sales soared with MultiBit hitting an ATH 766x return on investment (ROI), showcasing the immense potential for early adopters in public sales. GameSwift, with a 54x ROI, and Neon EVM at 38x ROI, also showcased the lucrative potential in gaming and Ethereum Virtual Machines. These figures are a testament to the keen eye of investors who were able to spot and support potential winners. The year’s public sales not only reflect the dynamic nature of the crypto investment landscape but also underline the importance of due diligence and timing in capturing value in the Web3 ecosystem.
These are opportunities we at Web3 Aggregated won’t let go to waste in the future.
AI and the Blockchain Revolution
AI tokens have seen staggering year-to-date (YTD) growth, with Akash Network and Render topping the charts with over 1000% growth. These figures underscore the lucrative intersection of AI and blockchain technology.
Akash Network $AKT 1202.30%
Render $RNDR 1167.41%
Fetch ai $FET 718.15%
SingularityNET $AGIX 652.63%
Oraichain Token $ORAI 320.66%
Vaiot $VAI 304.11%
OriginTrail $TRAC 297.76%
The Graph $GRT 245.79%
Artificial Liquid Intelligence $ALI 163.90%
Cortex $CTXC 158.95%
The AI token sector experienced explosive growth in 2023, with several tokens achieving triple- and quadruple-digit year-to-date (YTD) percentages. Akash Network led the charge, boasting a 1202.30% YTD increase, a testament to its decentralized cloud computing solution's market fit. Render followed closely with a 1167.41% surge, revolutionizing the GPU rendering space by leveraging idle machines across the globe. Tokens like Fetch AI and SingularityNET also made headlines with substantial gains, reflecting the increasing integration of AI and machine learning in blockchain solutions. These top gainers not only exemplify the fusion of cutting-edge tech with crypto but also highlight the sectors ripe for investment and growth.
New Coins, New Horizons
The year 2023 was a launchpad for a myriad of new coins, each aiming to carve out their niche in the Web3 ecosystem. Worldcoin and Celestia emerged as major players, with fully diluted valuations (FDVs) in the billions. These new coins reflect the market's appetite for innovative solutions in identity and infrastructure on the blockchain.
Worldcoin (WLD) - $433M
Celestia (TIA) - $1.98B
Arbitrum (ARB) - $1.72B
Sui (SUI) - $904M
Sei (SEI) - $858M
Mantle (MNT) - $1.88B
Pyth Network (PYTH) - $544M
Big Time (BIGTIME) - $98M
Jito (JTO) - $303M
Neon EVM (NEON) - $209M
Close behind Worldcoin in FDV ($38.1B) was Celestia, whose $13.5B FDV promised a revolution in blockchain scalability and data availability. Lesser-known yet significant entrants like Arbitrum and Sui showed commendable market caps right out of the gate, underscoring the diversity of innovation this year. From infrastructure to decentralized finance, these coins are the building blocks of tomorrow's digital landscape, each contributing to a broader vision of a decentralized world.
Fundraising Fuels Innovation
With $7.38B raised across 1,132 rounds, 2023 was a year of robust investment, particularly in services and AI. Venture Capital's key players like Coinbase Ventures stayed active, indicating sustained interest in nurturing the Web3 ecosystem.
2023 was a testament to the vibrancy of the Web3 world, where each metric narrated a story of growth, opportunity, and the unrelenting pace of innovation.
2023's Biggest Airdrop Extravaganzas
2023 has been a spectacular year for airdrops, with the Web3 community receiving a staggering $1.96 billion in token distributions. These airdrops not only rewarded early adopters but also played a significant role in fostering network growth and user engagement. Here's a look at the top airdrops that made waves this year:
Arbitrum ($ARBI) set a high bar with an airdrop value of $879 million, accounting for a generous 11.6% of its total supply. This move cemented Arbitrum's commitment to its community and decentralized governance.
Celestia ($CELE) followed suit, dispersing $446 million worth of tokens, translating to 6% of its total supply, strengthening its ecosystem and incentivizing participation in its layered network.
Blur ($BLUR) made its mark with a $432 million airdrop, making up 10% of the total supply, a testament to its vision of creating a balanced and engaged user base.
Jito ($JITO), Pyth Network ($PYTH), and Sei ($SEI) also joined the airdrop trend, with $135 million, $117 million, and $44.7 million in tokens airdropped, respectively, contributing to a more distributed and inclusive network.
Space ID ($ID), CyberConnect ($CC), Chainflip ($FLIP), and Arkham ($ARK) rounded out the list with significant airdrops ranging from $22.8 million to $36.6 million, each focusing on different sectors from social identity to decentralized finance.
Our newsletter, Web3 Aggregated, is dedicated to bringing these lucrative opportunities directly to you. Airdrops are a pivotal aspect of the Web3 landscape, and we ensure our readers are well-positioned to benefit from these events. Stay subscribed for the latest information on airdrops, how to qualify, and strategic advice on maximizing their potential. Read this issue’s recommended Airdrops below.
Liquidity Unleashed: 2023's Top Liquid Staking Tokens
The liquid-staking scene has been nothing short of revolutionary this year. Here at Web3 Aggregated, we've kept a close eye on the projects that are enhancing liquidity within the staking ecosystems. Let's dive into the ones that have made significant strides in raising funds and are set to redefine the staking landscape:
EigenLayer stands at the pinnacle with a Series A funding round of $50M. This token live event signifies a major leap forward in reimagining staking protocols and has garnered notable investor interest.
Alluvial has made waves with its $12M Series A raise, positioning itself as a major player in the liquid staking domain. The strong backing from multiple investors highlights the confidence in its innovative approach to staking-as-a-service.
Puffer Finance and ether.fi have both successfully secured their places in the market with seed rounds of $5.5M and $5.3M respectively, indicating a growing demand for liquid staking solutions that cater to DeFi ecosystems.
Stroom Network and Diva each raised $3.5M in seed funding, showcasing their potential to contribute to the liquidity and accessibility of staked assets.
Asymmetry, pushing the boundaries of decentralized finance, closed a $3M seed round, solidifying its mission to offer asymmetric gain possibilities to stakers.
Ion Protocol and LSDx Finance attracted $2M each, the former in a pre-seed round and the latter through strategic funding, hinting at their early but promising foray into liquid staking.
Siphon Lab rounds out the list with a $1.2M seed investment, demonstrating investor trust in its unique liquid staking propositions.
The forthcoming strategic funding rounds for Rio Network and Rocket Pool are yet to disclose their numbers, but the anticipation is high given their potential impact on the staking ecosystem.
Weekly Market Overview
This week’s pulse of the cryptocurrency markets, where we decode the trends and bring you the critical numbers at a glance.
Market Temperament
The week closes with mixed sentiments; Bitcoin's dominance slightly recedes to 49.25% as the collective market eyes a diverse portfolio. Meanwhile, the Fear and Greed Index nudges into 'Greed' territory at 65, reflecting heightened investor confidence.
Performance at a Peek
Ethereum and BNB led the charge with 3.00% and 19.92% gains over the past week, signaling robust activity. On the flip side, the broader market cap experienced a slight downturn of 1.3%, with the trading volume stirring up by 8.7%.
Opportunity Highlights
In a remarkable rebound, BSV, SEI, and ORDI outshine others with over 50% surges from their weekly lows, presenting potential opportunities for vigilant market watchers.
Sector Spotlight
The Blockchain sector surged by 12.28%, while NFTs also saw a significant uptick of 8.18%, marking areas of vibrant activity and investor interest within the Web3 space.
Insights & Trends
Vitalik Buterin’s latest proposals aim to refine Ethereum's consensus mechanism, and as the correlation between Bitcoin and tech stocks decouples, the market landscape for 2024 hints at a pivotal shift, with Binance announcing the cessation of DeFi Staking.
Funding rounds
Here's a snapshot of the most notable funding rounds last week:
Gaming and Big Data Seize the Spotlight:
MapleStory Universe led the charge with a massive $100M funding round, invigorating the gaming category. This round not only reflects the game's potential to captivate a global audience but also investor confidence, as indicated by a vibrant Twitter performance score and backing from Nexon.
Tres Finance, making strides in big data, closed a Series A round at $11M. With the support of Cyber Fund and others, it's setting its sights on transforming data analytics within finance.
Music, Finance, and Social Ventures on the Rise:
Medallion harmonized a $13.7M Series A for its musical endeavors, tuned with support from CL and seven other investors.
In the finance sector, Fiat Republic banked a notable $7M in extended seed funding, and Addressable netted $6M for its social platform, highlighting the sector's dynamism and the integral role of social connectivity.
Seed Rounds Sprouting Across the Board:
web3mine dug into a $6M seed investment for infrastructure development, showcasing the foundational work being laid for the Web3 space.
Claim and Wynd, both in the social and infrastructure sectors respectively, marked their territory with $4M and $3.5M seed rounds, indicating vibrant investor interest in platforms enhancing user interaction and network foundations.
Fyde flowed with a $3.2M seed investment, reinforcing the DeFi ecosystem’s continual expansion.
Seamoon Protocol played a strategic game, raising $2.3M in a debt round, pointing towards innovative financing structures within gaming.
Emerging Projects Gaining Traction:
formless, with a pre-seed haul of $2.2M, is one to watch in the social domain, already stirring significant buzz as evidenced by its Twitter activity.
Market Watch: Upcoming Unlocks to Keep an Eye On
Here are token unlock events crucial for investors to monitor as they can lead to increased market activity and potential price volatility. Here's what's on the horizon:
Axelar $AXL: A substantial unlock is expected with 24,770,000 AXL, accounting for 2.48% of the total supply and valued at $27.25M. This represents 4.82% of the market cap and includes contributions from Seed Round to Series B participants.
ApeX $APEX: The ecosystem is set to release 9,580,000 APEX, equivalent to 0.96% of the total supply, totaling $3.06M. This unlock, amounting to 22.20% of the market cap, will involve the core team and advisors, and is pivotal for the project's next phase.
Maverick Protocol $MAV: Investors should watch out for the unlocking of 11,050,000 MAV, which is 0.55% of the total supply, with a market value of $4.11M. At 4.42% of the market cap, stakeholders are looking at how this will impact the protocol's market dynamics.
Immutable $IMX: The largest unlock in the lineup involves 36,830,000 IMX, making up 1.84% of the total supply and a significant $91.54M of value. This is equivalent to 2.84% of the market cap, coming from private sales and ecosystem development allocations.
Echelon Prime $PRIME: With 910,249 PRIME set to be released, which is 0.82% of the total supply and valued at $9.14M, this unlock is critical as it accounts for 3.46% of the market cap and includes tokens from the Parallel Studios Reserve and the founding team
Weekly Airdrop and Free Income Opportunity Roundup
Grass Airdrop
The easiest airdrop opportunity. Grass Airdrop is ongoing and is confirmed to be launching on Solana. Link here. The tasks are to download an extension and let it enable passive income based on 0,3% of your internet bandwith.
Zetachain's Airdrop Insights
Stay updated with the latest airdrop from Zetachain. Follow this Twitter update for the most recent information and how to participate.
zkSync and zkLink Nexus Alpha Mainnet Launch
Celebrate the Alpha Mainnet launch with zkSync and zkLink Nexus. Join their campaign on Galxe and check out the community buzz about rewards for points received. For additional tasks, head over to Intract for more ways to engage.
Earn Roles with Swan Chain
Swan Chain, a Layer 2 solution, offers OG and Early roles for early adopters. Complete tasks on Galxe, claim your OAT here, and level up on Zealy for better roles.
CoralApp’s Confirmed Airdrop
Participate in CoralApp’s airdrop by following the details shared in their Twitter post.
Cred’s Airdrop on Aptos
If you’re an NFT holder or DeFi user, you might be eligible for Cred's airdrop on Aptos. Log in using the code CVGSK at Cred’s Portal to check your eligibility.
Manta’s Incentive Program
Manta has announced incentives for interacting with its ecosystem. Explore opportunities and earn $MANTA tokens by visiting:
Layerbank Finance, Shoebill Finance, Pacific Swap, Izumi Finance, Symbiosis Finance
Also, check this Twitter Thread
Holograph's NFT Giveaway
Claim a free NFT from Holograph and bridge it to other networks. Act fast and participate in their campaign by visiting Holograph’s Link. The deadline is just two days away.
Well3’s Token Farming
Join Well3’s farming initiative to earn $WELL tokens. Start your mission at Well3 Mission and share referral codes to help others join the campaign.
Starrynift’s Token Allocation
Starrynift has allocated 10% of its tokens for an airdrop. Find out what you need to do by checking their Twitter guide.
ZetaChain Airdrop News
Take part in the OKX Cryptopedia campaign with ZetaChain and share a prize pool of $200,000. Visit their Twitter announcement for more information.
DOSI’s Free NFT & Tokens
DOSI, powered by LINE, is offering a free "DOSI Citizen" NFT. Elevate your experience and farm $DON coins by following the steps on DOSI’s Website.
Keep these opportunities on your radar and enrich your Web3 journey with potential rewards and airdrops. Stay tuned to Web3 Aggregated for more exclusive updates and guides.
Conclusion
As we wrap up this journey through the remarkable year that was 2023, it's clear that the Web3 universe is bursting with potential and brimming with opportunities for the savvy enthusiast. "Web3 Aggregated" is not just a newsletter; it's your compass in the ever-shifting landscape of digital assets, designed to guide you through the complexities and help you discover the hidden gems of the Web3 world.
Don't let the momentum stop here. Subscribe now for Alpha access and join a community of forward-thinkers looking to capitalize on new opportunities in Web3. Together, we’ll continue to explore, learn, and earn on groundbreaking developments in the space!
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