IVC & Friends : Gateway to Web3 Frontier
Dear IVC Friends,?
From Consensus HK to ETHDenver, our February was packed with insights, connections, and exciting developments. We can't wait to share the trends shaping Web3 and the latest updates from our portfolio!?
Warm Regards,?
The IVC Team?
Market Trends
Bitcoin saw a 17.5% decline in February, driven by financial market volatility, economic slowdown concerns, and market uncertainty over the Trump administration's tariff policies. The crypto sector also faced additional headwinds, from the $LIBRA scandal and a major security breach at Bybit..
While major cryptocurrencies have shown early signs of recovery, smaller-cap assets, particularly memecoins, remain under pressure. The overall memecoin market capitalization has dropped 46% over the past two months, with daily trading volume on pump.fun dropping by 50% from its peak, signaling fading retail enthusiasm in the sector.
Web3 Gaming Trends?
The Web3 gaming sector began 2025 with strong momentum, as on-chain activity surged and daily unique active wallets tripled year-over-year to 7.3 million.? Blockchain gaming is now closing in on DeFi in market dominance, with the gap narrowing to just 1%.
Projects like Parallel Colony, Blocklords, and ChronoForge are integrating AI-powered mechanics to enhance gameplay, reflecting a broader shift toward AI-driven interactions in game development.
However, investment trends signal a shift—January’s blockchain gaming funding totaled $16 million, a sharp drop from December’s $222 million, which was largely driven by a single major investment. The focus has now pivoted toward supporting infrastructure and game studios with long-term potential, marking a transition from speculative capital to sustainable growth.
IVC Ecosystem News
Xion’s EarnOS is now supporting Uber, BMW, Amazon Prime, Marvel and more global brands to launch reward-driven campaigns that deepen customer loyalty and reduce user acquisition costs by over 79%.?
OpenEden has introduced their latest launch $USDO, a regulated, yield-bearing stablecoin fully backed by tokenized U.S. Treasuries. Key features include real-time proof of reserves, strong regulatory compliance, and passive yield without staking. The $USDO is now available on Ethereum and Base Chain.
Titan Content has announced their strategic partnership with Imperial Music for its upcoming girl group AtHeart. Fans won’t have to wait long for their first taste of AtHeart’s music – a pre-debut introduction song and video is set to drop March 14.?
After the successful launch of Boxing Star X on both Kaia and TON, Delabs is ready to bring mega IP Ragnarok to the Web3 world. This move aligns with Delabs’ intention to develop mid-core games directly accessible on Telegram and Line.
Consensus HK
Did the Metaverse really die? Find the latest perspective from our partner Akio and Sebastien from SandBox. ?(2:20:00)
Our Partner, Akio Tanaka, joined fellow VC leaders to discuss cryptocurrency’s role in solving banking challenges in emerging markets, the younger generation’s shift toward the metaverse, and key takeaways from the evolving market.