Chairman and Partner of AppWorks
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The total market value of cryptocurrencies has grown by nearly 10 times in the past 18 months, reaching a current market value of 2.3 trillion US dollars. Many APIs, analytics, cross-chains, and other middle-tier and technical service verticals have reached a sufficient scale to allow new focus on them. Chuanghe DAO now has enough room to adapt and grow.
Therefore, in 2022, we will see hundreds of applications bloom in the Web3 ecosystem. The two mainstream blockchain applications, DeFi and NFT, and especially NFT games, are expected to maintain a high-speed growth of several times the annual growth in terms of number of users, transaction volume, and lock-up volume. Post-generation systems in many countries in Southeast Asia, especially the development of leapfrogging, showed a multiple growth rate compared to the whole.
In order to accelerate the development of Web3, AppWorks will continue to recruit two AppWorks Accelerators a year to help more Web3 startups, and will also increase efforts to help Web1/Web2 alumni startups pivot to Web3. In addition, AppWorks School will also launch special blockchain classes covering topics like smart contracts in the near future. Alongside, in 2022, we also plan to raise a larger Fund IV, including Blockchain-only parallel funds.
“Jamie is one of the few Web1 entrepreneurial OGs active in Web3 in Taiwan. In 1999, he co-founded Soauce.com in Taiwan. In 2006, he co-founded the Web2 website Sosauce.com in the United States. In 2009, he returned to Taiwan and founded AppWorks. AppWorks started to promote blockchains in 2018. The development of the chain and Web3 has accelerated and invested in more than 70 Web3 startups or projects, including FLOW / Dapper Labs, Animoca Brands, Figment, Xrex, Blocto, XY Finance / Steaker, Lotex, Matters, LikeCoin, Numbers Protocol, Hakka Finance / Pelith, Fandora NFT, and BlockTempo.
Jamie is an early Believer of the blockchain. He began to publish relevant analysis on his MR JAMIE blog in 2013. He started holding Bitcoin in 2015 and has not sold 💎🤲 yet. He believes that Web3 will completely change the way people hold and trade assets and data. Cryptocurrency will replace legal currency, decentralized storage will replace walled gardens, DeFi will reinvent the financial system, NFT will replace traditional certificates, and DAO will replace equity. And DEX will eventually replace Wall Street.
In this NFT avatar auction, Jamie will donate all his personal profit to the Charity Foundation to support tree planting and tree protection, hoping to do his part to balance the carbon emissions brought by PoW.”
AppWorks was established in 2009 as an accelerator set up by “”entrepreneurs for entrepreneurs””, as well as startup communities and venture capital institutions based on accelerator development. AppWorks Accelerator has been held in 2010 and is currently held every six months. Each period strictly selects the most promising 30-40 AI, Blockchain, and Southeastern Asia new ventures in the region. The alumni network has reached 435 active new ventures and 1,402 entrepreneurs. Over the past year, AppWorks Ecosystem has grown significantly with combined turnover of all companies reaching US$13.9 billion, an annual increase of 172% as well as the number of jobs provided exceeding 20,159, an annual increase of 16%. The ecosystem’s cumulative fundraising also reached US$4.7 billion, an annual increase of 100 % with the total value having reached 27.8 billion U.S. dollars and seeing an annual growth rate of 152%.
Since 2018, Blockchain has been listed as one of the key business areas because we believe that the huge paradigm shift behind it will open up a large number of disruptive and innovative opportunities for the next generation of entrepreneurs. Currently, AppWorks Ecosystem has more than one-sixth, a total of 75 active startups, and 141 entrepreneurs from the Web3 field.
AppWorks currently manages three venture capital funds totaling US$212 million. In the Web3 field, it has invested in about 20 new ventures or projects. Among them, Dapper Labs, Animoca Brands, and Figment have been promoted to Unicorn, Flow, Blocto, XY Finance, and Splinterlands have successfully listed on the exchange.”