Starbase Annual Review: From VC to Accelerator, What Did We Do in 2024?

CN
4 days ago

Original Source: Starbase

Many friends familiar with Starbase know that since 2023, we have merged our capital and media businesses to establish a new accelerator brand, Starbase. We are dedicated to providing accelerated support for the three core needs of WEB3.0 startups in the commercialization process: "application scenarios," "financial assets," and "user growth," by building a global innovation collaboration network.

Since the business transformation, we have realized that in the future, with the explosion of application layers, more and more developer and entrepreneurial teams will transition from Web2 to Web3. At the same time, many native Web3 projects will adjust their business directions and goals. These startups need a professional team to help them transition comprehensively from traditional capital markets to crypto markets or from their original tracks to entirely new ones. They require not just funding but also deep resources and rich experience.

Thus, we decided to get involved earlier in projects to uncover more quality assets and help more ambitious and capable entrepreneurial teams. If in 2023, we focused on building developer communities and supporting 0-1 projects, then in 2024, we will focus more on the deep acceleration of vertical track projects from 1-N, concentrating on tracks like Gaming, AI, and RWA that can connect with the real world and provide more off-market incremental funds and users for the Web3 market.

For us, 2024 is an extremely challenging year, but also a year of great harvest. We summarize the core business of Starbase throughout the year from the following dimensions.

Part 1: Partner Network

Part 2: Accelerator Project Development

Part 3: Influence and Global Resource Linkage

Starbase Annual Review: From VC to Accelerator, What Did We Do in 2024?

Part 1: Partner Network

(1) Public Chains

Project development must receive multidimensional support from public chains, and public chains need projects that align with their development goals to join in building together. Therefore, collaboration with public chains has always been at the core of Starbase's development.

In 2024, Starbase established close partnerships with multiple public chains, including Solana, TON, Movement, Sei, Tezos, Bitlayer, and B² Network. We are deeply involved in the ecological construction of these public chains, promoting their development through comprehensive cooperation.

This includes:

  • Screening and introducing more infrastructure and quality projects into the public chain ecosystem;

(Over 10 Starbase accelerated projects have received support from these public chains in terms of grants, technology, market branding, resources, etc., with a total grant amount exceeding $1 million.)

  • Organizing and supporting various ecological activities, conducting developer education, helping Web2 and Web3 startups quickly land and integrate into the public chain ecosystem, while also assisting public chains in expanding their influence in Asia;

(Starbase participated in 8 public chain ecological activities as the organizer, co-organizer, or supporting institution, including meetups, after parties, hacker houses, demo days, etc.)

  • Providing acceleration and incubation support for startup projects within the public chain ecosystem;

(Over 200 ecological projects from different public chains have signed up for the Starbase accelerator, and in the past year, we have deeply accelerated nearly 10 projects.)

(2) Ecological Partners

In addition to joining the public chain ecosystem, the growth and explosion of projects rely on support from partners in infrastructure/tools, trading/asset management platforms, payment, data/growth platforms, as well as accelerators/incubators and developer communities. Starbase has established deep cooperative relationships with over 30 industry-leading institutions, which provide funding, products, services, and business resources to Starbase accelerator projects, comprehensively covering the core needs at various stages of commercialization for Web3 startups, helping them reduce costs and improve efficiency.

Starbase Annual Review: From VC to Accelerator, What Did We Do in 2024?

Part 2: Accelerator Project Development

In 2024, Starbase focused on three major tracks: gaming, AI, and RWA. We believe these three areas are likely to lead the crypto industry into a new era of large-scale applications.

Gaming, as a perennial track that spans multiple bull and bear cycles in Web3, has once again attracted widespread market attention this year with the explosion of Telegram mini-games. Now, Web3 games have undergone multiple rounds of updates and iterations, no longer limited to the "Fi" attributes, and the boundaries with traditional games are becoming increasingly blurred, demonstrating stronger integration and innovation potential.

AI, as an emerging narrative, has seen significant growth in this cycle, with related concepts and technologies flourishing. Although this track is still in its early stages, the application of AI, especially the explosive growth of AI Agents, shows great potential to attract a large user base, becoming an important direction for future development.

RWA, as a key track connecting the real world and Web3, is reshaping the issuance of traditional high-quality financial assets. With traditional financial giants and Web3 leaders rushing in, this field shows strong potential and is expected to experience exponential growth in the coming years, reaching a trillion-dollar market scale.

This year, Starbase provided various support, including grants, strategic guidance, market expansion, growth support, and resource matching, for startup projects in these three fields. These projects, with their innovation, team strength, product design, and market prospects, align closely with Starbase's philosophy and demonstrate strong development potential.

Among them, the second phase of the Starbase EverGrow Grant attracted over 200 startup projects, covering popular tracks such as GameFi, AI, DeFi, RWA, Meme, and DePIN.

  • 30+ projects received a total of over $3 million in investments and funding.

  • Nearly 10 projects successfully entered the Starbase accelerator, receiving comprehensive deep support, including overall development strategy planning, brand building, user growth, technical support, and ecological resource matching. For particularly high-quality projects, Starbase also made direct investments.

Starbase Annual Review: From VC to Accelerator, What Did We Do in 2024?

Representative Accelerated Projects

  • BLOCKLORDS

The first 3A SLG medieval large-scale strategy game in Web3, supported by top institutions such as Square Enix, Krafton, Makers Fund, Bitkraft Ventures, Delphi Ventures, Animoca Brands, Immutable X, Polygon, and FunPlus. With in-depth acceleration from Starbase, BLOCKLORDS has significantly improved its brand recognition, influence, and user data in the Asian market.

In terms of game performance, BLOCKLORDS has seen substantial growth in key metrics such as total client downloads, DAU, MAU, and retention rates. The new gameplay "Dynasty," launched in June 2024, performed particularly well, with DAU for Dynasty's on-chain users exceeding 270K and MAU surpassing 1 million, making it the most active gaming project on the Base chain. The project also successfully launched on Coinbase in July 2024, further solidifying its market position.

  • Advertising Time Trace (ATT)

ATT is a forward-looking Web3.0 application project that integrates RWA, DePIN, and blockchain distributed ledger technology, receiving investments from well-known institutions such as Waterdrop Capital, Starbase, Block Patch, Ayanna Research, and Deep in Labs. Through a unique DA-AIOT-P (Decentralized Assets - AI Internet of Things - Payment) mechanism and a revolutionary AIGV (AI Generated Value) business application model, ATT has built a new digital advertising ecosystem that integrates physical advertising assets, advertising e-commerce merchant/user resources, and digital technology.

ATT owns over $10 million in 3D outdoor LED advertising assets in Hong Kong, Thailand, and Indonesia, and has partnered with over 200 leading advertisers, linking with more than 1,000 merchants, generating annual revenue exceeding $20 million. Its multiple offline flagship stores that integrate AI and Web3 will be grandly opened in Hong Kong.

With comprehensive resource support from Starbase, especially in-depth collaboration in market expansion and brand building, ATT has successfully established strategic partnerships with many well-known industry institutions and enhanced its brand influence and market penetration through various online and offline brand activities.

  • Anome

Anome is an NFT derivatives issuance and lending platform that approaches from the full-chain gaming scene, integrating NFTFi, DeFi, GameFi, and SocialFi, creating a mutually reinforcing ecological closed loop for game assets, users, and value growth.

Starbase assisted Anome in securing hundreds of thousands of dollars in investments, along with over $100,000 in grants from Sei. After deploying on Sei, Anome quickly grew to become Sei's top game, surpassing 50k total users and performing outstandingly across multiple dimensions such as DAU, NFT minting numbers, and trading volume, actively promoting the development of the Sei gaming ecosystem.

Part 3: Influence and Global Resource Linkage

Asia is one of the most diverse regions in the crypto market in terms of language, culture, and policy. For projects looking to expand into global markets, the Asian market is both complex and full of challenges.

In 2024, Starbase successfully held over 20 Starbase Urban Action brand events in key Asian cities such as Hong Kong, Taiwan, Tokyo, Kyoto, Seoul, Singapore, Bangkok, Ho Chi Minh City, and Kuala Lumpur. Through these events, we deeply connected communities, KOLs, capital, family offices, local crypto institutions, and project teams from different countries and regions.

We hope to unite outstanding teams in Asia through close partnerships, helping global project parties bridge information gaps and better establish and develop in the Asian market.

Starbase has built a rich resource network in the Asia-Pacific region, and with diversified cooperation, our influence in the Asian market continues to expand, laying a solid foundation for future market expansion and collaboration opportunities.

Through these events, Starbase engaged with over 200 industry institutions and projects, including well-known organizations such as DFG, Jsquare, and CGV as co-hosts, and regional institutions like TONX Studio, Block Patch, Coinpost, Kudasai, GuildQB, BlockTempo, 9Cat Group, Emerge Group, and ContributionDAO as event supporters, as well as renowned projects like Near, Myshell, and Chainbase as speakers.

Especially during the Bangkok event in November, Starbase, in collaboration with DFG, Jsquare, and dozens of top VCs including Animoca Ventures, CGV, Catcher VC, DWF Ventures, Outlier Ventures, IVC, K300 Ventures, and KX Ventures, successfully held a targeted invitation-only closed-door investor cocktail party, further deepening resource integration and collaborative exchanges.

Mainland China

Starbase Annual Review: From VC to Accelerator, What Did We Do in 2024?

Hong Kong

Starbase Annual Review: From VC to Accelerator, What Did We Do in 2024?

Tokyo

Starbase Annual Review: From VC to Accelerator, What Did We Do in 2024?

Seoul

Starbase Annual Review: From VC to Accelerator, What Did We Do in 2024?

Bangkok

Starbase Annual Review: From VC to Accelerator, What Did We Do in 2024?

Looking Ahead to 2025

In 2025, we will expand our business services from the broader Asia-Pacific region to the global stage based on the achievements of 2024. We hope to engage in deeper cooperation with more quality public chains and industry institutions to provide startups with broader resources and development opportunities. At the same time, we will expand the entry of accelerator projects globally to support their breakthrough progress in the global market.

In 2025, we look forward to partnering with more collaborators to jointly advance the Web3 ecosystem and create more possibilities.

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