Originally published: Sep 27, 2024

The Demether team had an eventful and productive experience at Token2049 in Singapore, engaging with industry leaders, fellow builders, investors, and researchers of the crypto world. As we navigated numerous discussions and events, we saw several key trends and sentiments engaged.

Here are our top takeaways on the current state of web3 as we saw at Token2049:

One of the most exciting verticals buzzing at the events was the intersection of AI and crypto. Builders and innovators are increasingly looking at how these two cutting-edge technologies can converge to discover new possibilities in web3. This fusion feels like the future, and we’re excited to see where it leads.

The web3 landscape is becoming more fundamentals driven with both community and investors taking a more metric-based approach. The FOMO-driven enthusiasm seen in previous cycles has tapered off. There’s a tangible fatigue in the air around hype-driven narratives and glamourized marketing.

Many participants expressed disinterest in their speculative nature. VCs are becoming more selective and are on the lookout for strong businesses with real revenue streams. Builders, on the other hand, are choosing to build and/or support projects that offer real utility over endless promotional gimmicks.

Token2049 saw serious investment across the board when it came to marketing at the event. While there are mentions of fatigue given the sheer volume of side events (700+), Demether sees it as a signal of turning times. There was an energy in the air with participants being more positive.

Combined with the rate cut by the US Federal Reserve, there is a rising expectation that this cycle will follow a pathway similar to the prior ones.

This industry is gaining remarkable traction as more people and VCs are recognizing its potential to revolutionize real world assets (RWAs). The sector’s increasing mindshare can be seen through the significant rise in VC funding, with investors allocating nearly $583 million in investments to DePIN projects year to date. With industry leaders highlighting the scalability and sustainability of such projects, it is clear that DePIN is more than just a niche interest.

Token2049 provided valuable insights into the current state of web3. As the market matures, it’s clear that stakeholders are becoming more discerning, focusing on real value, sustainable models, and meaningful innovation.

🔥 Sign up below for early access to our private beta.

Originally published: Sep 27, 2024

The Demether team had an eventful and productive experience at Token2049 in Singapore, engaging with industry leaders, fellow builders, investors, and researchers of the crypto world. As we navigated numerous discussions and events, we saw several key trends and sentiments engaged.

Here are our top takeaways on the current state of web3 as we saw at Token2049:

One of the most exciting verticals buzzing at the events was the intersection of AI and crypto. Builders and innovators are increasingly looking at how these two cutting-edge technologies can converge to discover new possibilities in web3. This fusion feels like the future, and we’re excited to see where it leads.

The web3 landscape is becoming more fundamentals driven with both community and investors taking a more metric-based approach. The FOMO-driven enthusiasm seen in previous cycles has tapered off. There’s a tangible fatigue in the air around hype-driven narratives and glamourized marketing.

Many participants expressed disinterest in their speculative nature. VCs are becoming more selective and are on the lookout for strong businesses with real revenue streams. Builders, on the other hand, are choosing to build and/or support projects that offer real utility over endless promotional gimmicks.

Token2049 saw serious investment across the board when it came to marketing at the event. While there are mentions of fatigue given the sheer volume of side events (700+), Demether sees it as a signal of turning times. There was an energy in the air with participants being more positive.

Combined with the rate cut by the US Federal Reserve, there is a rising expectation that this cycle will follow a pathway similar to the prior ones.

This industry is gaining remarkable traction as more people and VCs are recognizing its potential to revolutionize real world assets (RWAs). The sector’s increasing mindshare can be seen through the significant rise in VC funding, with investors allocating nearly $583 million in investments to DePIN projects year to date. With industry leaders highlighting the scalability and sustainability of such projects, it is clear that DePIN is more than just a niche interest.

Token2049 provided valuable insights into the current state of web3. As the market matures, it’s clear that stakeholders are becoming more discerning, focusing on real value, sustainable models, and meaningful innovation.

🔥 Sign up below for early access to our private beta.