Global Blockchain Industry Development Monthly Report (August)
Research institutions: 01 blockchain, 01 think tank
Report Editor-in-Chief: Bai Liang, Yu Baicheng
Writing team: Chen Lishan
Data support: Yang Guang
summary
A total of 137 financing incidents occurred in the global blockchain-related industry in August 2022. Of these, 135 revealed specific financing amounts, and the total amount of financing exceeded US$2.56 billion. The average amount of financing for a single project was US$159.704 million.
In the financing round, early-stage financing occupies an absolute position. Seed Angel and Round A series (including Pre-A, A, and A+ rounds) had 71 and 29 cases, respectively. The financing amount for 65% of the invested projects is in the range of 1 million to 10 million US dollars.
On-chain application scenarios are hot. In terms of segmentation, projects related to NFTs, games, web 3.0, and network/agreements were very popular in the financing market in August.
In August 2022, in the global blockchain sector financing ranking, there were 11 financing incidents with a single loan amount exceeding 50 million US dollars or more. Among them, there were 5 cases where a single loan amount exceeded 100 million US dollars.
(1) 2022The average financing amount for a single project in August of this year reached US$15.9704 million
Judging from the global blockchain-related financing situation in the past year, there were an average of 140 more financing incidents in a single month, with the highest number in December 2021, with 197 cases.The amount of financing has shown a downward trend in the past year.In August 2022, the monthly financing amount was US$2.56 billion. This figure was up from July, but decreased by about 70% compared to the previous year.
Figure 1. Amount and amount of financing for the global blockchain industry
From the perspective of financing rounds, early financing occupies an absolute position.Seed angels,AWheel series (includingPre-A、A和A+round) and strategic investment are8The main forms of financing in the blockchain sector occurred separately in January71Starting,29Kiwa20Start, ratio52%、21%和15%。
Figure 3. Distribution of financing rounds in the global blockchain industry
(3) Outstanding million-level financing performance, accounting for 65%
在8Among the projects for which the amount of financing was disclosed in January,65%The amount of financing for the invested project is100—100010,000 US dollar range;10 million US dollars,less than one million dollars,Hundreds of millions of dollars in financing eventsseverally占27%、4%和4%。
图4.globallyBlockchain industry financingAmount rangedistributions
(4) Regional distribution of global financing incidents 43 cases occurred in the US
From a regional perspective,8The month in the US is a single month43Leading the way in financing incidents.Singapore and China each in a single month11Starting,10Since then, the United Kingdom, India, and Germany have occurred separately5Starting,4Kiwa3Start.Furthermore, Estonia andJapan singleMonthly average occurrence2Starting with Indonesia, Spain, etc.16The number of monthly financing volumes for the national blockchain industry1Start.
Figure 5. Distribution map of some regions of the global blockchain finance industry
(5) NFT, gaming, and web 3.0 segmented circuits are hot
Referring to the blockchain industry classification standards of various organizations such as Tokengtong Research Institute, China Ministry of Industry and Information Technology Information Center, and combining 01 blockchain's own experience, we divided the blockchain industry into three categories: blockchain infrastructure and infrastructure (bottom layer), expandable technology and solutions (expansion layer/data layer), and industry applications (application layer). On this basis, it is subdivided into more than 10 second-level categories, such as infrastructure/technology/solutions, digital asset-related application scenarios, financial application scenarios, real economy application scenarios, and on-chain application scenarios. .
Looking at the distribution of financing volume in the secondary industry, there were 86 on-chain application scenarios, 36 digital asset application scenarios, and 30 and 12 infrastructure/technology solutions and real economy application scenarios, respectively.
图6.globallyBlockchain financingLevel 2Industry distribution
Looking at the three-level segmentation scenario, projects related to NFTs, games, web 3.0, and network/agreements were very popular in the financing market in August, with 28, 22, 13, and 11 related projects receiving capital investment; at the same time, DeFi, asset management, metaverse, FSO, data analysis and other related tracks also performed well in August.
Figure 7. Distribution of global blockchain financing segments
Data source: 01 blockchain, 01 think tank
(6) Digital walletsDANA secures US$250 million in financing
The following table shows the global blockchain sector financing amount ranking for August 2022. A total of 11 financing incidents occurred with a single loan amount of 50 million US dollars or more.Among them, there were 5 cases where a single loan amount reached US$100 million.
On August 12, digital wallet DANA raised $250 million from local conglomerate Sinar Mas and Alibaba.com's Lazada Group to expand in Indonesia.This is also the investment and financing event with the highest single loan amount in a single month.
Table 1. Ranking of single financing amounts in the global blockchain sector
(i) Domestic policy orientation
[China Copyright Protection Center Joins Hands with Ant Group to Build a Digital Copyright Chain (DCI System 3.0)]
On August 2, the China Copyright Protection Center and Ant Group officially signed a cooperation agreement. The two sides will use the joint construction of a digital copyright chain (DCI system 3.0) as the core starting point to jointly promote the national “blockchain+ copyright” characteristic application pilot project jointly approved by 16 departments including the Central Internet Information Office and the Propaganda Department as an opportunity to explore the construction of an innovative mechanism and new industrial ecosystem for Internet copyright services to help implement the country's cultural digitization strategy and develop the industry with high quality.
[State Internet Information Office concentrates on rectifying chaos involving virtual currency hype]
On August 9, it was reported that with the rise of virtual currency, speculation, and fraud activities related to it have intensified. Some netizens are blindly involved in related trading activities due to false propaganda such as high returns when investing in virtual currencies, causing great losses to their assets. Since this year, the State Internet Information Office has implemented the decisions and arrangements of the Party Central Committee, attached great importance to reporting leads from netizens, and made many efforts to clean up and dispose of a number of illegal and illegal information, accounts, and websites promoting and hyping up virtual currency.
In accordance with the spirit of the “Notice on Further Preventing and Handling the Risk of Virtual Currency Trading Hype”, the State Internet Information Office supervises and guides major website platforms to effectively implement their main responsibilities, continue to maintain a high-pressure crackdown on virtual currency transaction speculation, and step up self-inspection and self-correction efforts on information content and accounts that induce virtual currency investment. Website platforms such as Weibo and Baidu shut down @ICE Blizzard founder, @币圈爆爺等 12,000 illegal user accounts and cleaned up more than 51,000 pieces of illegal information such as “Investing in Bitcoin Is Easy to Make Money” in accordance with user agreements.
In the next step, the State Internet Information Office will continue to work with relevant departments to step up the crackdown on illegal financial activities related to virtual currency and protect the safety of people's property in accordance with the law. The vast majority of netizens are reminded to establish correct investment concepts, raise awareness of risk prevention, not participate in virtual currency trading hype activities, and beware of damage to personal property.
【“Fourteen five”Cultural development plans encourage the use of blockchain technology for copyright protection】
On August 17, the General Office of the CPC Central Committee and the General Office of the State Council issued the “14th Five-Year Plan” for Cultural Development and issued a notice requesting departments in all regions to earnestly implement it in the light of actual practice. It mentioned that in order to strengthen digital copyright protection, promote the development of digital copyright and the integration of copyright formats, institutions and organizations that are in a position to do so are encouraged to build copyright protection platforms based on blockchain technology. Guide and encourage cultural enterprises to use new technologies such as blockchain to transform and upgrade the industrial chain, modernize content production and dissemination methods, and reshape cultural development models.
[The First Research Institute of the Ministry of Public Security will be based on“Changan chain”[Establishing a distributed digital identity architecture]
On August 25, the “Research and Application of Blockchain Technology for Digital Identity Based on Legal Documents” led by the First Research Institute of the Ministry of Public Security was officially launched and has entered the implementation stage. The project will establish a distributed digital identity architecture based on the “Changan Chain”, and typical scenarios such as IoT devices, public services, and electronic payments will be the first to be piloted.
In the field of the Internet of Things, citizens use verifiable digital IDs to replace their original passes such as admission cards and access control cards; in the public service sector, citizens can use their own digital ID instead of various original certificates to achieve “one-pass access” for dozens of government services; in terms of electronic payments, citizens are supported to use distributed digital identities to link multiple bank accounts to achieve “one-time authentication, multi-party processing”
[National Energy Administration: Promoting the construction of a trading platform based on blockchain and other technology applications]
On August 25, the General Department of the National Energy Administration issued the “National Energy Administration's 2022 Plan for Deepening the “Release and Service” Reform and Optimizing the Business Environment”, which proposes improving the market transaction mechanism, supporting distributed power generation to participate in market transactions nearby, promoting distributed power generation to participate in green power transactions, promoting the construction of trading platforms based on blockchain and other technology applications, and studying institutional mechanisms adapted to renewable energy microgrids, existing local power grids, incremental distribution grids and large power grids.
(2) Domestic industry trends
[Tencent Digital Collection Platform Phantom Core announced the cessation of distribution of digital collections. Users can choose to continue holding or request a refund]
On August 16, the Tencent digital platform Magic Core issued an announcement stating that based on the company's focus on core strategy, Magic Core will make business adjustments.As of August 16, 2022, Phantom Core will stop distributing digital collectibles.From now on, all users who have purchased digital collections through this platform (including Tencent News Digital Collections) can choose to continue holding or request a refund.User access and use during the refund period will not be affected in any way, and the refund collection will be recycled and destroyed after the refund is completed.
[Digital Collection “New Cultural Tourism Channel” Officially Launched on Ali Assets]
On August 18, the Taobao China (Ali Asset) platform will officially launch the “New Cultural Tourism Channel”. The channel relies on the “Ali Asset” (formerly “Ali Auction”) platform under Taobao (China) Software Co., Ltd. to build a new digital cultural tourism asset trading channel integrating “New Cultural Tourism Digital” collection transactions with VR and AR collection transactions.
【Baidu Superchain launched its first cross-chain digital collection on August 30]
On August 25, Baidu Superchain's official blog announced that it will launch its first cross-chain digital collection on August 30 to connect XuperChain's on-chain assets with other chains.According to reports, users receiving this digital collection can independently choose to connect the collection to other blockchain ecosystems through the Baidu Superchain operation platform asset component to achieve value circulation.
[Tencent's patent for blockchain-based identity authentication has been authorized to avoid personal information disclosure]
On August 26, it was announced that the “blockchain-based authentication method, device, storage medium and device” patent applied for by Tencent Technology (Shenzhen) Co., Ltd. has been granted. The patent can avoid personal information disclosure.
The summary shows that this approach includes:The user's service request is received, the user's authorization information is obtained according to the service request, the target block corresponding to the authorization information is searched from the blockchain, registration data of the user corresponding to the authorization information is obtained from the target block, and when the authorization verification is passed, the smart contract corresponding to the service request is called. The smart contract executes the declared identity authentication logic, obtains the identity authentication results based on the registration data, and feeds back the identity authentication results.In this application, the service provider does not have direct access to the user's identity information, and can only obtain or use the identity authentication results with blockchain feedback under the user's authorization. For users, it is possible to prevent the user from directly providing identity information to the merchant, and the problem of the user's personal information being leaked at the source was avoided.
【iBox International Edition will cease operation, and user refunds will commence on September 1]
8On January 26th, the digital collection e-commerce platform iBox issued an announcement stating that based on the adjustment of the core business direction of the iBox international version, the platform will carry out orderly liquidation work in the near future.
The platform will issue refunds for all NFTs sold.The platform will snapshot the wallet addresses of all users holding such NFTs on August 31, 2022, and will begin issuing refunds to all users based on the snapshot results on September 1.Refunds will be made at the initial sale price of such NFTs on iBox International
The iBox international server will officially cease operation on December 31, 2022.
As previously reported, Huobi Global announced that it had completed the iBox share transfer on January 14, 2022.
(3) International developments
[The average virtual land price of the six major Ethereum metaverse projects has dropped by about 85%]
On August 8, according to WeMeta data, the price of virtual land dropped sharply in 2022 due to waning user interest and the impact of the crypto bear market.In particular, metaverse projects built on the Ethereum blockchain in 2022, including The Sandbox and Decentraland, saw significant declines in their valuations and other key metrics.
For example, in February 2022, the average price of land sold on Decentraland peaked at $37,238.But as of August 1, their price had dropped to an average of $5,163.Similarly, the average sales price of The Sandbox dropped from around $35,500 in January to around $2,800 in August.Overall, the average price of each virtual land plot of the six major Ethereum metaverse projects (Decentraland, The Sandbox, Voxels, Somnium Space, NFT Worlds, and SuperWorld) dropped 85% from around $17,000 in January to around $2,500 in August.
Furthermore, on a weekly average, the volume of virtual land transactions dropped from a peak of $1 billion in November 2021 to around $157 million in August 2022.Additionally, the market valuation of metaverse tokens in circulation has also dropped drastically.Metaverse ETFs have also been hit.
[Brazil's new law requires the use of blockchain technology to regulate gold mining and trading processes]
On August 13, Brazilian Congressman Joenia Wapichana proposed a new bill requiring all gold mined in the country to be tokenized on the blockchain, thereby increasing the transparency of the industry and cracking down on illegal mining practices.According to reports, about half of Brazil's gold mining comes from illegal operations.
The plan aims to establish new regulations for the purchase, sale, and trade of gold in Brazil, which is then registered on the blockchain.“To improve inspection measures and increase transparency in the industry, the National Mining Administration is also required to implement a single digital system using blockchain technology for secure records to integrate all mineral operation data and processes, including additional electronic records and documentation of transactions and sales, and even allow you to create alerts for inspection.” The relevant documentation did not provide technical details of its implementation, nor did it mention which blockchain network to use.
[European Union Intellectual Property Office Updates Guidelines for NFTs and Virtual Goods Trademark Applications]
On August 17, it was reported that in response to the sudden increase in trademark applications containing terms related to virtual goods and NFTs, the European Union Intellectual Property Office (EUIPO), which is responsible for registering trademarks in the EU, has issued guidelines on how to classify virtual goods and NFTs.This approach was included in the 2023 draft guide “Key Reference Points for Users of the EUIPO System”.The EUIPO defines an NFT as “the only digital certificate registered in the blockchain to verify digital items, but it's different from these digital items.”
According to the EUIPO, virtual goods and NFTs fall under category 9 of the Nice Classification.This is because they are treated as digital content or images.The terms “virtual goods” and “NFTs” are themselves unacceptable when submitting an application to the EUIPO.Instead, the content of an item associated with a virtual product must be specific (for example, a “virtual product, that is, virtual clothing”).In the case of NFTs, the digital items verified by the NFT must also be specific.In the 12th edition of the Nice Classification, which will be released in 2023, the term “downloadable digital file verified by an NFT” will be added to category 9.
【Nigeria's CBDC eNaira has completed a total of nearly 10 million US dollars in transactions]
On August 19, it was reported that since its launch in October 2021, Nigeria's CBDC eNaira has accumulated about 4 billion naira ($9.3 million) transactions and has around 270,000 active wallets.
According to reports, Nigeria is the second country to introduce CBDC, with a population of about 200 million and a GDP of about 430 billion US dollars.
(4) Recent Cryptographic Projects/Technology Trends
[Report:The number of people working in the blockchain field increased by nearly 80% year-on-year]
8On January 12, according to a survey report jointly released by LinkedIn and OKX, as of June 2022, the total number of LinkedIn global members working in the blockchain industry increased 76% year over year.
The data shows that the US, India, and China are the top three countries in the world in terms of talent supply in the blockchain industry.India is the fastest-growing blockchain talent pool in the world, with a growth rate of 122%.It was followed by Canada, with a growth rate of 106%, and Singapore in third place, with a growth rate of 92%.
Among the top ten countries in demand for blockchain talent, Spain had the largest growth rate in terms of the number of job listings related to blockchain technology, reaching 609%.Canada was followed by a growth rate of 560%, while India ranked in the top three with 145%.
【data:The number of metaverse game downloads exceeded 110 million in the first half of 2022, and metaverse apps generated a total revenue of 650 million US dollars]
On August 24, the mobile application data analysis company Sensor Tower reported that during the first half of 2022, global metaverse apps had received 170 million downloads, of which game apps had reached 110 million downloads, accounting for 67.3%. Metaverse apps generated a total revenue of $650 million in the first half of the year, with gaming apps accounting for 94% of that revenue.
Furthermore, the US has been leading the world in overall downloads of metaverse-related games since 2019.During the first half of 2022, the US market had nearly 14 million downloads of metaverse games, 2.5 million more than Brazil, which ranked second.In addition to the US and Brazil, metaverse games are also growing rapidly in popularity in the Asian region. Many countries, including Vietnam, Indonesia, and India, have surpassed 5 million downloads during the same period, which is expected to become the next growth trend.
[Report: The global blockchain technology market is expected to reach around $69 billion by 2030]
On August 25, according to a market research report published by Custom Market Insights, the global blockchain technology market size and revenue share demand analysis value in 2021 is about US$4.8 billion, which is expected to reach around US$69 billion by 2030, with a compound annual growth rate of 68% from 2022 to 2030.
[Data:NFT trading volume in August was $369.53 million, a decrease of 45% month-on-month]
On August 26, data provided by The Block showed that as of August 24, this month's trading volume was US$369.53 million, compared to approximately US$675.43 million in July, a decrease of 45% over the previous month.
As of August 24, OpenSea's transaction volume reached $303.47 million, accounting for about 82% of the total volume, while Magic Eden and Looks Rare traded at $36.17 million and $13.51 million respectively, a decrease of about 59% and 56%, respectively.
说明: All Bitpush articles reflect the author's views only and do not constitute investment advice.
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