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Bing Ventures: can Web3 Ventures provide a driver for innovation

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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.

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