Compilation of the original text: Deep Tide TechFlow

Compilation of the original text: Deep Tide TechFlow

Watching venture capital funds can help you spot new trends early, and among all crypto VCs, a16z is the one venture capital firm you must watch.

cryptocurrency

cryptocurrency

Their largest portfolio positions are:

• $UNI - $74.4 million;

• $COMP - $8.82 million;

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1、Story Protocol

Funding raised: $29.3 million seed round;

Lead investor: a16z;

Other investors: Hashed, Mirana Corp, DAO 5, Samsung Next, etc.

Introduction to Story Protocol:

• Story Protocol is a Web3 technology designed to revolutionize the way storytelling worlds are created.

• It provides a way to create, manage and license intellectual property on-chain.

• Has the potential to change the way we create and consume stories.

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2、LayerZero Labs

Funding raised: $120 million Series B;

Lead investor: a16z;

Other investors: Circle Ventures, Sequoia, OpenSea, Christie's.

Introducing LayerZero Labs:

• It is a blockchain messaging protocol developer that allows dApps to operate across chains

• Solve the problem of cross-chain communication by providing a way for dApps to communicate with each other without worrying about the underlying blockchain.

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3、Capsule Wallets

Funding raised: Not yet disclosed

Lead investor: a16z

Other investors: Spice Capital, Celo, Sommelier Finance.

Capsule introduction:

• Capsule Wallets is a cryptocurrency money infrastructure provider helping developers create wallets with interoperable transactions.

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4、Town( HNT Labs)

Funds raised: A round of 25 million yuan;

Lead investor: a16z

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Introduction of Town & HNT Labs:

• Here Not There Labs developed a fully decentralized chat protocol for online communities.

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5、Stelo Labs

Funding raised: $6 million seed round;

Lead investor: a16z;

Other investors: First Round Capital, Opensea Ventures, Chainforest.

Introducing Stelo Labs:

• Stelo Labs is a software company that protects users from phishing, scams, and scams.

• They provide a solution that allows users to avoid phishing attacks and understand transactions before signing them.

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Top 5 Non-Cryptocurrency Investments for Q1 2023

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1. OpenAI - $300 million

OpenAI, the company behind ChatGPT, is developing generative artificial intelligence solutions and is backed by Microsoft, Tiger Global, Seia, and others.

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2. Orbital Therapeutics - $270 million

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3. Character AI - $150 million

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4. Pinecone - $100 million

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5. Replit — $97.4 million

Replit is an integrated development environment (IDE).

This is also part of the investment trend in generative artificial intelligence technology. For example, Replit is a code-generating AI tool called Ghostwriter for its IDE (Integrated Development Environment).