13Desk gathers experts to share insights regarding what investors are looking for and future trends in crypto.
October 21, 2024, Singapore – The Vault Show wrapped up its engaging episode for the month of October, “Investor Sentiment in 2024: What VCs Are Looking for in Crypto Projects,” featuring industry leaders who explored the evolving landscape of cryptocurrency investments. 13Desk’s Clement On and Eunice Añada hosted the October episode, each sharing their insights and experiences relevant to the topic.
What VCs are Looking For
In 2024, venture capitalists (VCs) are honing in on projects that demonstrate strong fundamentals, especially in terms of tokenomics, team strength, and market fit. As Victor Ji points out, an appealing project is one that offers unique value and positions itself effectively in a competitive landscape. But also, it is about how the representative pitches for the team, and how this pitch aligns with the potential value that the project can offer eventually. For example, a project with solid tokenomics and a well-defined market fit can provide investors with confidence in its long-term growth potential. However, if the vision is not conveyed adequately, or if it is not backed with a clear action plan, VCs may likely set the project aside. VCs are increasingly careful about which ventures to support, especially given recent market shifts.
How Projects Can Adapt to the Competitive Space
Projects like Jade City are also adapting to align with current VC expectations by clearly positioning themselves to meet investor priorities. During The Vault Show, Jade City introduced its unique market proposition in the real-world asset lending sector, illustrating how it stands out in today’s crowded space. Community engagement is also a significant factor, as projects are not only targeting VCs but also aiming to build and sustain active, authentic communities. Authenticity can be monitored in different ways. According to Adel from Offchain Global, the kinds of projects communities favor are those with transparent goals and high engagement, which can ultimately influence VC interest. The way OffChain verifies community engagement is by seeing the activity of sub-communities as well. For instance, a project may seemingly not appeal to the Western market but be highly consumed in Asian communities.
Cautious Approach from VCs
Marcus, co-founder of KYEX, pointed out that venture capitalists are more cautious in today’s market, especially after events like the FTX collapse. KYEX is an omnichain decentralized exchange designed to facilitate seamless and secure trading. Marcus emphasized the saturation of the market with various ideas, not all of which will succeed, noting that the omnichain feature is still relatively rare
The Importance of Community
Adel from Offchain Global stressed that VCs often overlook the authenticity of a project’s community. He underscored that community engagement is crucial for attracting investment. Events like those in Singapore provide an opportunity for projects to demonstrate their popularity and engagement, enabling deeper research for potential investors. Adel remarked that memes play a significant role in building a community, highlighting their power in fostering engagement.
Investing in Jade
Wills, co-founder of Jade City, discussed the jade trade’s prominence in China, revealing that it is more significant than diamonds. Jade City, connected to the world’s largest jade mine, merges gaming with investment by offering a loopbot game where users earn tokenized jade. This innovative approach makes jade a less volatile investment option, enhancing its appeal as a tangible asset.
Key Qualities for VCs
Victor Ji, co-founder of Manta Network, shared insights on the key qualities that make a project stand out. He also discussed that before going more in-depth into a project, there would need to be a meeting with the founder or any member of the founding team who could represent well.
Meet Our Expert Panelists
Marcus – Co-Founder of KYEX: A pioneer in creating an omnichain hybrid exchange platform, offering secure cross-chain trading solutions.
Wills – Founder of Jade City: A platform revolutionizing access to the jade market, providing unique investment opportunities through a buy-and-burn mechanism.
Adel – Co-Founder of Offchain Global: Leading a vibrant community connecting blockchain enthusiasts and fostering investment discussions.
Victor Ji – Co-Founder of Manta Network: Innovating in data privacy solutions and empowering users with control over their personal data through blockchain technology.
Conclusion
The discussions highlighted a shift in investor sentiment, with VCs prioritizing community engagement and authenticity while navigating a cautious investment landscape. As projects like KYEX and Jade City exemplify innovative approaches, and Manta Network focuses on data privacy, the future of crypto investment looks promising yet challenging.
For further insights and to catch the full episode, click here.
About the Vault Show
The Vault Show explores the intersections of technology, finance, and community in the dynamic world of cryptocurrency and blockchain, aiming to empower viewers with essential insights into the evolving Web3 ecosystem.
About 13Desk
13Desk stands tall as a vanguard in the realm of blockchain community media, dedicated to spearheading mass adoption and sustainability through robust educational initiatives and strategic alliances. Armed with a plethora of accessible resources, 13Desk empowers a global audience, equipping them with the knowledge and acumen to navigate the intricate landscape of blockchain technology with confidence and proficiency.
Yet, 13Desk is not content with merely disseminating information; it serves as a dynamic catalyst for collaboration and innovation. Constantly on the lookout for groundbreaking partnerships and visionary projects, 13Desk boasts the backing and collaboration of a formidable consortium comprising venture capitalists, renowned thought leaders, and influential industry associations. With an unwavering commitment to driving positive change within the crypto community, 13Desk endeavors to incubate promising ventures and cultivate a culture of sustainability and inclusivity. Through its tireless efforts and expansive network, 13Desk aims to shape a future where blockchain technology realizes its full potential as a force for good, transforming industries and societies for the better.
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