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RootData: The total financing amount of the Web3 industry in 2024 reached 10.112 billion USD, with Animoca Brands becoming the most active investor with 95 investments

ChainCatcher news, according to statistics from the Web3 asset data platform RootData, the total financing amount in the cryptocurrency market reached $10.112 billion in 2024, an increase of 8.3% compared to $9.337 billion in 2023. A total of 1,548 financing events occurred throughout the year, with 102 merger and acquisition events, a 34.2% increase from 76 in 2023, setting a historical high. The average financing amount was $9.1352 million, with a median financing amount of $4.1 million. In terms of financing scale, the most projects were in the $1-3 million range, totaling 408, followed by 244 in the $5-10 million range and 219 in the $3-5 million range; in terms of financing rounds, seed rounds dominated with 426 occurrences.From the perspective of sector distribution, the infrastructure sector was the most favored by capital, with a total financing amount of $3.995 billion in 2024, an 18.2% increase from $3.379 billion in 2023; the DeFi sector ranked second with $1.493 billion, nearly doubling from $759 million in 2023; the gaming sector's financing amount increased from $669 million in 2023 to $813 million. Notably, the CeFi sector's financing amount decreased from $990 million in 2023 to $679 million in 2024. The largest financing event of the year was Stripe's acquisition of the stablecoin platform Bridge for $1.1 billion, followed by Bitcoin mining company Iris Energy's $413 million financing, and Avalanche's $250 million OTC financing.In terms of the activity of investment institutions, Animoca Brands topped the list with 95 investments, followed by OKX Ventures with 72 and MH Ventures with 56. In terms of leading investments, Polychain was the most active, completing 30 lead investments throughout the year, with Hack VC in second place with 24, and both Lemniscap and Animoca Brands completing 17 lead investments, ranking third.

Hong Kong Legislative Council member Wu Jietzhuang: Suggests the SAR government refer to the securities industry to establish a DAO licensing system

ChainCatcher news, in August this year, the Hong Kong High Court heard the world's first lawsuit involving "Decentralized Autonomous Organizations (DAO)", ruling that six defendants must disclose detailed financial statements and supporting documents for their blockchain and Real World Asset (RWA) projects in response to allegations of asset misappropriation, involving over 6 billion HKD. Wu Jiezhuang, Chairman of the Hong Kong Legislative Council, Web3 and Virtual Asset Development Forum Committee, believes that the current development framework for Web3 in Hong Kong is still not完善, and suggests that the SAR government introduce regulations for DAO.He stated that the entire digital asset ecosystem can be divided into two important segments: one is exchanges, and the other is public chains, which usually exist in the form of DAOs but are like "orphaned souls" without a place to land worldwide. If Hong Kong wants to develop a digital asset ecosystem, it needs to regulate DAOs as soon as possible and establish a framework for DAOs so that these public chains can land in Hong Kong.Wu Jiezhuang further pointed out that the United States and Abu Dhabi already have relevant legal frameworks regulating DAOs, and Hong Kong should establish one as soon as possible. Since DAOs do not have legal entities, he suggested that the SAR government could refer to the current licensing practices in the securities industry to establish a DAO licensing system, requiring licensed DAOs to clarify internal individual relationships and to establish Responsible Officers (RO) to ensure that licensed companies comply with regulatory requirements and maintain daily operations.
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