ChainCatcher news, IOBC Capital partner Alva Xu shared his insights on Token2049 on the X platform, noting several changes in the Crypto primary market from the perspective of an active Crypto LP:Some large funds from Europe and the United States are accelerating their fundraising efforts, and their commitment and focus indicate their determination to compete fiercely with Asian LPs. The conversation afterward was not exciting; AUM is the enemy of venture capital funds.European and American funds are squeezing the survival space of Asian funds, and LPs are becoming as valuable as quality developers, so IR will become increasingly important in the future.In today's market shift, some GPs are showcasing various strategies, such as buying OTC shares, pushing into the secondary market, and incubating projects. The core purpose is to prove they can outperform Bitcoin returns, and isn't the essence of venture capital to support great companies early on? Therefore, these flashy strategies might be less effective than returning to the original mission, which can resonate more with investors.In light of the current situation, this LP offered three suggestions for fund fundraising:Do not emphasize financial returns and DPI, as LPs can directly buy ETFs or hold BTC.Position yourself as an explorer in the industry; a strong desire for exploration and having your own worldview can better impress LPs, after all, investing in a company represents the kind of world you want to build.Conduct due diligence on each LP's strategic planning; understanding LPs' strategic investment layout is very important.

ChainCatcher news, in the "2023 Web3 Industry Development Research Report and Annual List" published by the cryptocurrency asset data platform RootDada, IOBC Capital has been selected as one of the Top 100 investment institutions in 2023. In 2023, representative projects invested by IOBC Capital include Sei, Ingonyama, RISC Zero, Alluvial, and others.

ChainCatcher news, according to The Block, the Web3 distributed AI training network PublicAI has completed a $2 million seed round financing, led by IOBC Capital, with participation from Foresight Ventures, Solana Foundation, Everstate Capital, and several well-known professors and academicians in the field of artificial intelligence. The funds raised will be used to accelerate the launch and commercialization of its training network.It is reported that PublicAI is committed to using blockchain technology to scale the production of massive amounts of high-quality training data, aiming to solve all the challenges faced by artificial intelligence to date, allowing all of humanity to participate in the co-construction of artificial intelligence and share its benefits.

ChainCatcher news, the first NFT cross-chain lending protocol supporting the BTC ecosystem, Singular, has announced the completion of a $3 million seed round financing, led by IOBC Capital, with follow-on investments from BCH Foundation, Bing Ventures, DG Capital, Divide Labs, and other institutions.It is reported that Singular is the first NFT lending protocol that supports cross-chain transactions across multiple ecosystems including BTC, ETH, and Arbitrum, and is currently the only real-time lending protocol supporting BTC ecosystem Ordinals NFTs. Singular has already achieved liquidity support for various NFT assets, including Bitcion Frog, and has gained a market-leading position in niche areas of the ETH ecosystem and Layer 2 ecosystems like Arbitrum. Singular aims to become the best lending protocol supporting all categories and all-chain assets, achieving dynamic matching of risk and return through its pioneering "dynamic risk-interest rate matching model," providing optimal liquidity solutions for various NFT assets including PFP, Gaming, and RWA.In addition, to further enhance user rights, Singular will soon launch its first all-chain PFP project with token attributes—Golden Chipmunk, which will enable real-time cross-chain transfers on BTC, ETH, and Layer 2, allowing NFTs to break free from dependence on the chain itself and achieve better liquidity. As Singular's token, it will not only provide users with exclusive identities but also offer benefits such as protocol fee discounts and future airdrops.

ChainCatcher news, Web3's first rights aggregation platform VIP3 announced the completion of a $2 million seed round financing, with investors including IOBC Capital, Ankr, PAKA, and other institutions. This round of financing will be used for VIP3 product development and user expansion.As Web3's first membership rights aggregation platform, VIP3 uses SBT (Soulbound Token) as an on-chain membership card. Users holding its SBT can obtain various rights and benefits from many leading Web3 projects on the VIP3 platform. Currently, VIP3 has established rights cooperation with over 30 platforms, including Binance, HashKey Exchange, OKX, TP Wallet, Ankr, Mahjong, and more. VIP3 will provide users with various benefits such as trading fee discounts, gas subsidies, airdrops, and whitelists. VIP3 will launch a limited-time free minting event for membership cards on its official website starting August 8.

ChainCatcher news, Sei Network announced the completion of a $30 million financing round at a valuation of $800 million, with participation from IOBC Capital, Distributed Global, Multicoin Capital, Asymmetric Capital Partners, Flow Traders, Hypersphere Ventures, Jump Capital, and Bixin Ventures. The funds will be used for development and marketing in the Asia-Pacific region.It is reported that Sei is still in the public testnet phase and plans to launch its mainnet later this year.According to the crypto data platform RootData, Sei Network previously completed a $5 million financing round, with past investors including Multicoin Capital, Coinbase Ventures, GSR, Flow Traders, and Hudson River Trading. The new financing round brings Sei Network's total funding to $35 million to date. (Source link）

ChainCatcher news, the cross-chain communication protocol LayerZero announced the completion of a $120 million Series B funding round, with a valuation of $3 billion, with participation from a16z, Sequoia Capital, IOBC Capital, BOND, Christie's, and Circle Ventures. In addition, LayerZero also stated that it would consider a governance token airdrop after the protocol's development is完善, but it is not expected to happen soon.According to the crypto data platform RootData, LayerZero announced the completion of a $135 million funding round at a $1 billion valuation last March, with participation from a16z, Sequoia Capital, Coinbase Ventures, and other institutions. (source link)

ChainCatcher news, IOBC Capital in collaboration with ChainCatcher will hold the "Crypto Grand Voyage Era" Meet Up offline event in Hong Kong on November 18 at 14:00.This event invites guests including IOBC Capital partner Alva, Animoca Ventures Vice President Jenny, bloXroute Labs Chief Business Officer Curtis, Northbeta International Managing Director Jerry, and Matixport Growth Director Victor, who will engage in an in-depth discussion on the topic of "Ways and Strategies for Building Crypto in the New Era." Click link to register for the event.

ChainCatcher news, ChainCatcher in collaboration with Bitcoin Addict, BitMart, TokenPocket, Bytetrade, and IOBC Capital will hold the "Crypto Grand Voyage Era" Meet Up offline event today at 20:30 (UTC+8) in Bangkok.The guests for this event include Andy, the APAC Operations Director of Metis, Gun, the CEO of Bitcoin Addict, and Hunter, a partner at CatcherVC, who will engage in an in-depth discussion on the topic of "New Traffic, New Cycle, and New Trends." Click link to register for the event.

ChainCatcher news, the encrypted venture capital firm IOBC Capital announced several globalization plans at the "Crypto Grand Voyage" event in Singapore. IOBC Capital partner Alva Xu stated, "IOBC is divided into two business segments: direct investment and FOF. In terms of FOF, IOBC Capital has invested in several top crypto venture capitals this year and will continue to invest in many high-quality crypto venture capital firms globally in the near future; in terms of direct investment, IOBC Capital has participated in projects including bloXroute and LayerZero, and will focus on innovative projects in infrastructure and middleware sectors next."At the same time, IOBC Capital also announced a funding plan for high-quality non-profit technology research organizations worldwide to help advance the industry and build a high-quality crypto ecosystem together.In addition, Alva Xu mentioned that offices have been opened in the United States and Europe, and teams will be established to open offices in Singapore, Dubai, and other locations in the near future.

ChainCatcher news, IOBC Capital in collaboration with ChainCatcher will hold an offline event "Crypto Grand Voyage Era" Meet Up on October 20 at 2 PM in Singapore.The guests for this event include IOBC Capital partner Alva Xu, Reddio founder Neil, Matrix Partners investor Zi Xi, Solv Protocol ecosystem head Robbie, Cobo Ventures head Alex, and Safeheron founder Wade Wang. They will engage in an in-depth discussion on the topic "What is the narrative that will lead the next cycle of the Crypto industry?" Click link to register for the event.