Folius Ventures: Universal applications will usher in spring with dividends for Chinese developers
Original source: Folius Ventures
Original author: Folius Ventures, @Chrislulu816, @KD2Moon
Based on factors such as language barriers, cultural differences, and the budding track, Western users and investors know very little about the start-up consumer companies in Asia-Pacific that are deeply involved in Web3. Folius Ventures has specially compiled an observation sharing for the benefit of readers.
2023 is the busiest year for Folius primary market investment (especially the second and fourth quarters), with 25-50 projects analyzed per week (The vast majority are led by Chinese founding teams). Folius uncovers patterns and paradigms that may be difficult to capture from a Western perspective. Folius is increasingly convinced that universal application will soon usher in its springtime with the dividends for Chinese developers. Specifically:
1/ 15-20 million Chinese Internet elites are becoming a strong backing for Chinese entrepreneurs in the Web3 field, and are expected to grow in the future Within 3 years, we will join the Web3 entrepreneurial wave at a rate of 1-2 top teams per week.
2/ In sharp contrast to the restrictive environment of Web2 in China, the rapid development of Web3 has become a powerful driving force for this group of talents to explore across borders. Web3 now is like A-shares in the 1990s, H-shares in the 2000s, and Nasdaq in the 10s.
3/ Folius believes that the Web3 infrastructure is mature enough, and transaction costs, entry barriers, development and modular solutions, and economic model design have all been significantly improved. Some far-reaching applications are likely to emerge over the next 12 to 18 months.
4/ Folius detailed the characteristics and preferences of Chinese entrepreneurs and summarized 7 types of advantages and 7 types of challenges.
5/ Folius also conducted an in-depth study of the types of businesses that are best suited for this group of innovators – namely, 2C products with considerable DAU potential (mainly content, platform and Creator Center), Folius' portfolio showcases how innovators are realizing potential, such as: Gas Hero, STEPN, MATR1X FIRE, MetaCene, Sleepless AI, Mahjong Meta, MyShell, Memeland, Ryzz.tv, Sparkle, Jambo, Spotlight.
6/ Folius cannot list all outstanding infra projects (such as Scroll, Kaito AI, Chainbase, DeBank, MegaETH, etc.), and their innovations are also not should be ignored. Due to space limitations, only the 2C field can be covered at present.
7/ For potential entrepreneurs in the Asia-Pacific region and early investors around the world, I hope this report will deepen their understanding of the industry, peers, and themselves.
It’s worth mentioning that Folius is committed to supporting founders, especially in the Asia-Pacific region - and if you are building an exciting product or have a disruptive For sexual creativity, don’t hesitate to contact Folius immediately.
Welcome to join the official BlockBeats community:
Telegram Subscription Group: https://t.me/theblockbeats
Telegram Discussion Group: https://t.me/BlockBeats_App
Official Twitter Account: https://twitter.com/BlockBeatsAsia
Related Articles
