The third phase of sixthdaovc investment research: some of the projects we participated in
babylon @babylon_chain
ionet @ionet_official
lava @lavanetxyz
Unisat @unisat_wallet
bitmask&diba @BitMask_App @trydiba
bitsmiley @bitsmiley_labs
monad @monad_xyz
metropolis @metropolisworld
Io.net
Introduction: http://io.net is a decentralized computing network that supports the development, execution and scaling of ML applications on the Solana blockchain, combining 1 million GPUs to form the world's largest GPU cluster and http://DePIN.io.net solves this problem by aggregating GPUs from underutilized resources such as independent data centers, crypto miners, and crypto projects such as Filecoin and Render, combined in a decentralized physical infrastructure network (DePIN), giving engineers access to massive amounts of computing power in a system that is accessible, customizable, cost-effective, and easy to implement. The most popular AI+Depin projects currently
Official website: https://io.net
Financing: US$30 million, valuation of US$1 billion
It is reported that the KOL round valuation is US$500 million.
Participating investment institutions: Hack VC led the investment, SevenX Ventures, Multicoin Capital, 6th Man Ventures, M13, Delphi Digital, Solana Labs, Aptos Labs, Foresight Ventures, Longhash, ArkStream Capital, Animoca Brands, Continue Capital, MH Ventures and OKX, etc.
Project Progress: Since the launch of the Ignition program, the number of GPU miners has increased from 26,000 to over 51,000 in 10 days. The token is expected to launch on April 28.
Reasons to follow SixthDaoVC: http://io.net is currently very popular in the primary market. The track positioning of this project can last for a long time. AI is the mainstream narrative coupled with the participation of the depin model. It is a classic institutional project to promote community participation. , with a high probability of debuting on Binance in April.
Babylon
Introduction: Bitcoin Staking Protocol, Bitcoin Timestamp Protocol and Bitcoin Data Availability Protocol.
Official website: https://babylonchain.io
Total funding: $26 million
Participating investment institutions: Binance Labs, Polychain, Hack VC, IOSG Ventures, Framework Ventures, Breyer Capital, Polygon Ventures, OKX Ventures, ABCDE Capital, IDG Capital, etc.
Project progress: Some time ago, a Bitcoin staking pioneer test activity was launched. There were 101,157 qualified users on the BTC pledge test network and submitted Polygon addresses. This activity made a group of people rich, and some people made hundreds of thousands of dollars. At the same time, Babylon will cooperate with informalinc Together we will bring the Bitcoin staking protocol to Cosmos, transforming the Cosmos Hub into a multi-asset secure aggregator powered by ATOM, BTC and ecosystem tokens.
Reasons to pay attention to SixthDaoVC: As one of the most watched projects in the Bitcoin ecosystem, babylon is more like an institutional project and at the same time has community support. Its founder is a Stanford professor, which has enabled the project to receive investment from many well-known VCs. Coupled with the participation of BN, it will be launched on Binance after the mainnet is launched in the second quarter.
Monad
Introduction: In building high-performance layer 1 blockchains for the next generation of decentralized applications, our mission is to accelerate the disruption of decentralization by building blockchains that are 100x to 1000x faster than the nearest competitor. the power to alleviate severe bottlenecks in existing blockchains and enable more complex applications and wider adoption
Official website: https://monad.xyz
Financing: $19 million
Participating investment institutions: Dragonfly, Lemniscap, Shima Capital, Placeholder, Finality Capital Partners, Credibly Neutral, Naval Ravikant, Cobie, Hasu, 0xMaki
Project progress: Wormhole airdropped to the monad community and launched the internal test network. Nearly 60 projects have confirmed that they will build based on Monad and are waiting for the test network to be launched.
Reasons to pay attention to SixthDaoVC: Monad’s vision is to massively improve the execution efficiency of EVM in a single layer of Layer 1 through “parallel processing”, thereby unleashing the potential of the EVM ecosystem. The team has a strong background, and the technical community is also top-notch. It is very likely to become the next generation public chain king-level project, or the next sol
