2023 Cryptocurrency Project Investment and Financing Review: The Infrastructure Sector Leads, 5 Major Potential Projects Emerge

In the whole year of 2023, according to statistics from the data platform, a total of 1,178 financing events occurred, with a total financing scale of 2.839 billion USD.

In terms of financing scale, the infrastructure sector ranks first. Several top investment institutions also focus on infrastructure as a key layout direction:

Data shows that although different investment institutions have varying preferences for different sectors, the infrastructure sector occupies a significant proportion of their investment landscape. In addition, a well-known investment institution places considerable emphasis on the gaming sector; several other institutions focus more on the DeFi track. There is also one institution with fewer investments that has a more balanced distribution of investments across other sectors.

Let's take a look at a few potential projects in the infrastructure sector:

B² Network

B² Network is an EVM-compatible Rollup based on Bitcoin's zero-knowledge proof verification commitment. Its Rollup data and zk proof verification commitments are recorded on the Bitcoin network and ultimately confirmed through a challenge-response mechanism.

The project participated in a Bitcoin ecosystem project roadshow organized by a certain institution in 2023 and received investment. It is reported that the core members of the B² Network technical team are active contributors to mainstream open-source communities such as Ethereum and Bitcoin.

Recently, B² Network has upgraded from the Alpha testnet to the Haven Beta testnet. Currently, their Odyssey mission is ongoing, and users can participate through the official website.

Mind Network

Mind Network is a zero-trust layer designed to bring the next billion users and trillions of dollars in scale to Web3. It provides security and data privacy solutions capable of achieving true CrossFi scale, in compliance with regulatory requirements, while adhering to the Web3 principles of asset tokenization and personal data ownership. The project was previously selected for the fifth season incubation program of a well-known trading platform's lab and the BUILD program of a certain oracle project.

On June 29, 2023, Mind Network announced the completion of a $2.5 million seed round financing, with several well-known investment institutions participating.

Omni Network

Omni is the interoperability layer for Ethereum, serving as the core infrastructure to support all modular applications on Ethereum. Developers can seamlessly build applications that exist throughout the Ethereum ecosystem while accessing all users and all capital. Omni was originally the DeFi protocol Rift Finance, which provided financial services for Web3 projects.

Omni has received $18 million in funding support, with investors including several well-known venture capital firms.

In June 2023, the Omni test network went live. Currently, the official has not released any information regarding the airdrop plan, which is worth keeping an eye on.

Wormhole

Wormhole is a decentralized universal messaging protocol that enables developers and users of cross-chain applications to leverage the advantages of multiple ecosystems.

Wormhole completed a $225 million financing with a valuation of $2.5 billion, with several well-known investment institutions participating. This is the largest financing amount in 2023.

CESS

CESS is committed to building a blockchain-based distributed cloud storage system, effectively managing distributed resources through virtualization technology to provide customers with consistent and efficient distributed storage services. The CESS global content delivery network enables users to easily access their data anytime and anywhere.

In December 2023, CESS completed a $8 million financing round, with investors including several well-known institutions.

The CESS team won the championship of a Web3 hackathon organized by a certain foundation in 2021 and has passed all three milestones funded by the foundation. According to the officially released roadmap, CESS plans to conduct a token issuance in 2024. Currently, CESS has activities in the testnet phase available for participation on a certain task platform.