projects

According to CoinDesk, data disclosed by the market-making company Caladan shows that about 93% of GameFi projects are now nearly dead, with token values down 95% from their peak in 2022, and game studio funding plummeting by 93% by 2025. Investment in Web3 games has almost completely dried up, with funds shifting towards AI, real-world assets, and Layer-2 infrastructure, leading to a collapse in the gaming industry. Even Animoca Brands, the most active investor in the Web3 space, has reduced its gaming business to about 25% of its portfolio and has started to pivot towards areas like stablecoins.In addition, 63% of Web3 venture capital funding in 2022 flowed into the gaming sector, but by 2025 this proportion has dropped to single digits, with over 300 games announcing shutdowns, turning Web3 gaming into a cautionary tale about chasing speculation while neglecting product-market fit.

Web3 asset data platform RootData issued a daily transparency alert on Twitter (X), highlighting the lack of information such as team details, key calendar events, and token data for projects like Mars Protocol, Anvil, Lynex, AstridDAO, and Hatom Labs. It calls on project teams to submit/update their information on RootData to improve their transparency scores. Additionally, RootData stated that it will continue to monitor and expose "black box" projects that lack core information.It is reported that RootData's transparency score is used to measure a project's integrity and timeliness, aiming to reflect the project's information disclosure status, urging project teams to immediately claim their projects. The transparency score is categorized from A to F, with a total of 5 levels from high to low; the lower the score, the more incomplete the project's information disclosure, and the higher the risk of wrongdoing, requiring investors to be highly vigilant.

According to official social media news, the HTX Genesis Hackathon, hosted by HTX DAO and B.AI, and co-hosted by TinTinLand and OpenCity, has entered a 1-day countdown. The event gathers industry VCs, builders, and leaders of top ecological projects. High-quality projects that stand out in the HTX Genesis Hackathon will receive ongoing computing power support, technical ecological integration, joint promotion, and deep cooperation from TRON, HTX, and B.AI.Huobi HTX global advisor Sun Yuchen and HTX DAO ambassador Molly will deliver keynote speeches at the opening ceremony. Sun Yuchen will share the latest judgments on the future development direction of the industry, focusing on the trend of AI × Web3 integration; Molly will interpret the ecological progress and collaborative path of HTX and HTX DAO.

According to Hong Kong Radio, the Hong Kong government has decided to stop promoting basketball gambling projects. The Secretary for Home Affairs and Youth Affairs, Mak Mei-juan, stated in an interview with this station that the information collected by the authorities shows that the "prediction market" has developed rapidly in recent years, with monthly trading volume increasing from less than $100 million two years ago to over $13 billion last year, of which nearly 40% of the transactions are related to sports. The authorities are concerned that if new gambling projects are promoted at this time, it will lead to greater public concern and even participation in illegal gambling in the "prediction market." Therefore, it is believed that research should be conducted first before deciding on the next steps, and the promotion of new gambling projects should be halted for now.Mak Mei-juan stated that the existing regulated gambling projects have established a more mature monitoring and management system, which can help control risks. However, due to the uncertainty of the "prediction market," as a responsible government, there is a need to conduct research to understand the impact of the "prediction market" and its prevalence in Hong Kong. She also mentioned that the government has always maintained close contact with the Hong Kong Jockey Club, as the club has a rigorous monitoring system to oversee illegal gambling situations, and there are experts specifically targeting the fight against illegal gambling. The government will cooperate with the Jockey Club to obtain professional advice, allowing the authorities to implement measures specifically aimed at illegal gambling.Mak Mei-juan reiterated that the government's consistent policy is not to encourage gambling, and betting on sports projects in the "prediction market" is considered illegal gambling. The authorities will strengthen public education to help citizens understand the harms of gambling and refrain from participating in illegal gambling.

Yili Hua posted on platform X, acknowledging that he is very ordinary yet important. Whether in the classical industry or entering the cryptocurrency space, we have always focused on primary investment Liquid Capital & investment bank Liquid Digital and secondary trading Trend Research (crypto) & Trend Investment (classical). Although operating projects and exchanges are very profitable, our energy and capabilities are indeed limited, leaving us only to envy and be jealous.In 2018, we incubated a market maker, but because the team kept the profits for themselves and left the losses to us, we were left battered and bruised. After exiting in 2019, we have not deeply participated in market making again; at most, we have seen some good trading teams and made some investments. Conspiracy theories are always the most popular, but I am not a hexagonal warrior; where would I have the ability and energy to manage projects? The exchanges are very clear about this.

OKX Boost and RootData announced a partnership to engage in deep collaboration around the standards for high-quality industry projects, aiming to enhance the transparency and overall quality of crypto market projects.It is reported that OKX Boost is a premium project screening channel launched by OKX Wallet in September last year, designed to discover potential projects based on real DEX data and incentivize real trading users. RootData, as a leading Web3 asset data platform, has long been committed to building a highly credible Web3 database and has launched a series of products such as the "Transparency Ranking" to continuously promote information transparency in the industry.In this collaboration, RootData will work with ChainCatcher to provide transparency review and quality assessment support for OKX Boost and projects launched on OKX, helping to further enhance project screening standards and information disclosure levels; at the same time, RootData will also improve its database and data processing model through OKX Boost.

Web3 asset data platform RootData issued a daily transparency alert on Twitter (X), noting that information such as teams, key calendar events, and token data for projects like LeverUp, Flash.Trade, PRDT, f(x) Protocol, and Tectonic is missing. It calls on project teams to submit/update their information on RootData to improve their transparency scores. Additionally, RootData stated that it will continue to monitor and expose "black box" projects that lack core information.It is reported that the RootData transparency score is used to measure the integrity and timeliness of projects, aiming to reflect the information disclosure status of projects and urging project teams to immediately claim their projects. The transparency score is divided into five levels from A to F, with lower scores indicating less complete information disclosure and higher risks of wrongdoing, requiring investors to exercise high caution.

Crypto journalist Eleanor Terrett reported that the financial disclosures of Federal Reserve Chair nominee Waller show that he holds early-stage investments through employment-related investment vehicles, covering a wide range of areas, including some crypto infrastructure projects. The projects involved include: Compound (decentralized lending protocol), Optimism and Blast (Ethereum Layer 2 network), as well as Solana, in addition to trading infrastructure, crypto investment firms, and platforms in various fields such as artificial intelligence and biotechnology. These holdings appear to be relatively small, with poor liquidity, and have not generated reportable income, indicating a preference for indirect venture capital-style exposure rather than direct, tradable liquid assets.

According to market news, a report released by the blockchain security company Hacken shows that Web3 projects lost a total of $464.5 million this quarter due to hacker attacks and scams, with phishing and social engineering attacks accounting for $306 million, becoming the main source of losses.A hardware wallet scam that occurred in January caused a loss of $282 million, accounting for 81% of the total quarterly losses. Smart contract vulnerabilities led to losses of $86.2 million, while access control failures (including breaches of keys and cloud services) caused losses of $71.9 million. The report points out that the largest security incidents often occur in off-chain operations and infrastructure layers, which traditional audits find difficult to cover. The European regulatory frameworks MiCA and DORA are increasing requirements for security monitoring and incident response, and global regulatory agencies are also raising standards for real-time monitoring and emergency response.

According to tracking data from the Web3 asset data platform RootData X, over the past 7 days, the largest digital asset exchange globally, Binance, has been the project with the most new followers among X (Twitter) top personalities. New influential figures on X who have followed this project include cryptocurrency trader Loomdart(@loomdart), Zeneca(@Zeneca), and crypto trader James Wynn(@JamesWynnReal).In addition, the projects with the most followers among X top personalities also include Axie Infinity, StarkWare, Ledger, and DeFi Pulse.

Base has officially launched the third phase of its startup accelerator program, Base Batch 003. This phase lasts for 7 weeks (from April 6 to May 19), and after screening 1,175 applications, 12 teams focusing on areas such as DeFi, AI, stablecoins, and prediction markets have been selected.The 12 selected projects are:Blockrun.ai: Infrastructure for AI agents accessing LLM and data.Stealth: A new type of leveraged primitive for prediction markets.4Mica: Infrastructure for micro-trading settlement.OPAL: A privacy-focused Perp DEX (supporting cryptocurrencies and RWAs).Onsight: A gamified social prediction platform.Credifi: An unsecured lending protocol based on zk-tls and credit scoring.Tomorrow: A collateralized stablecoin lending platform for the creator economy.Agently: A routing layer for AI coordination and trading.Nivo: An on-chain foreign exchange hedging platform for SMEs.JPEG App: An opinion market based on image content.Floe Labs: A credit network for AI agents and institutions.Liminal: A self-custodied AI-native neobank.During the accelerator, selected teams will receive exclusive guidance and partner benefits from experts inside and outside of Coinbase, and they are expected to receive direct investment from the Base ecosystem fund. The program will conclude with an offline Demo Day in San Francisco on May 19.

Yili Hua posted on platform X, stating the establishment of the AI fund OpenX_Labs, focusing on investing in and collaborating on AI projects.Jack Yi believes that the golden age of primary investment has arrived, and the AI era provides tremendous opportunities for founders, putting startups and medium-sized enterprises on the same starting line. He plans to use the upcoming time for primary investment to learn from AI founders and expresses his willingness to assist excellent AI projects without compensation, as AI also provides him with opportunities and motivation for a second entrepreneurial venture.

The Web3 asset data platform RootData issued a daily transparency alert on Twitter (X), noting the absence of information such as team details, key calendar events, and token data for projects like Sentism.AI, Fortune, Ultima, Etherex, and Solomon Labs. It calls on project teams to submit/update information on RootData to improve their transparency scores. Additionally, RootData stated that it will continue to monitor and expose "black box" projects that lack core information.It is reported that the RootData transparency score is used to measure a project's integrity and timeliness, aiming to reflect the project's information disclosure status, urging project teams to immediately claim their projects. The transparency score is categorized into five levels from A to F, with lower scores indicating more incomplete information disclosure and higher risks of malfeasance, requiring investors to exercise heightened caution.

According to statistics from DeFi analysts, affected by the bear market, 21 cryptocurrency projects have recently announced closures or significant reductions in services, covering the fields of DeFi, NFT, wallets, and gaming.Among them, Leap Wallet will completely shut down all products on May 28, and users need to migrate their assets to Keplr or MetaMask as soon as possible. Magic Eden has decided to close ME Wallet and focus on the NFT market and infrastructure on Solana, with the wallet ceasing operations on May 1. Fantasy Top plans to take non-core functions offline in mid-June to concentrate resources on prediction market games.In the DeFi sector, Angle Protocol has stopped its stablecoin business due to reduced activity and increased competition, while ZeroLend and Polynomial Finance have scaled back services due to insufficient liquidity and low trading volume. The NFT platforms Nifty Gateway and Sound.xyz have closed some operations due to market changes and strategic adjustments.In addition, gaming projects like Runiverse and Pixiland Social have paused blockchain-related operations due to high development costs and regulatory uncertainties, while projects like Dmail, Yupp AI, and DataHaven have been forced to exit due to funding issues or market changes.Analysts believe that this industry reshuffle is a necessary reconfiguration of the market, and Web3 projects that prioritize actual utility and sustainable economic models will be more competitive in the future.

Since RootData announced the official launch of the project claiming feature, the number of projects settling in has continued to rise. This week, more than 20 well-known projects including Bitway, Flock, Morph, and Solv have settled in. The latest data shows that projects that have completed certification and supplemented information have seen their comprehensive transparency scores rise by an average of over 30%, driving the RootData site heat value of these projects to soar by 220%, greatly enhancing community trust and market attention. As of now, the number of projects certified by RootData has exceeded 120.It is reported that the RootData project claiming feature allows project teams to directly manage and update project information on their dedicated pages, including token economic models, investors, team members, calendar events, etc., thereby improving the accuracy and comprehensiveness of their information, and gaining more precise and higher quality exposure on RootData and its more than 220 data partners.

The Web3 asset data platform RootData issued a daily transparency alert on Twitter (X), noting the lack of information regarding teams, key calendar events, token data, and other details for projects such as Fluid, SideShift.ai, Blackhole, Pharaoh, and Koi Finance. It calls on project teams to submit/update their information on RootData to improve their transparency scores. Additionally, RootData stated that it will continue to monitor and expose "black box" projects that lack core information.It is reported that the RootData transparency score is used to measure the integrity and timeliness of projects, aiming to reflect the information disclosure situation of projects and urging project teams to immediately claim their projects. The transparency score is divided into 5 levels from A to F, with lower scores indicating more incomplete information disclosure and higher risks of wrongdoing, requiring investors to be highly vigilant.

Uniswap founder Hayden Adams posted on the X platform, stating that although he may be accused of gloating, it is necessary to prevent centralized projects from claiming to be DeFi. If an admin key can clear all funds, the project is CeFi. If this distinction is not made, DeFi will be meaningless and its brand will be damaged. No version of Uniswap has an admin key that can clear funds.