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Why am I optimistic about the development of the gaming sector in this cycle? Unlike the previous round of Play2Earn, the quality of games in this round is even better, such as Parallel, Bigtime, Nyan, Pixels Online, etc. The impact of high-quality games on users is also obvious, completing the transition from "pure Ponzi gameplay where you can make money by buying some NFT assets and staking them a few times" to "requiring users to personally participate in the game and spend time playing the game and earn corresponding income." The new model will bring us new opportunities. Games with the old model may be able to fight back, but the real wealth opportunities will definitely come from games that adopt the new model (high-quality games that require players to participate in the game and earn corresponding income).

This article presents a16z's investments so far in Q1 2023.

Last week, the global Blockchain industry experienced 17 financing events, with a total scale exceeding 150 million USD, mainly focused on DeFi, Web3 gaming, Web3+AI, and infrastructure sectors. The encryption dining application Blackbird Labs secured 50 million USD in Series B funding, while the CeFi company Meanwhile completed 40 million USD in Series A funding. Popular investment projects include stablecoin protocols, Blockchain games, and AI Security companies.

Okay, let's talk for a sec $135B+ in TVL and DeFi is still a jigsaw fragmented, chopped up, locked away in rollups, L2 ghost towns, appchain deserts. Everyone yapping, but who's fixing the pipes? Interliquidity at the base layer that's the move. No more

Decentralized Physical Infrastructure Networks (DePIN) are an important infrastructure for the development of Web3. By having global users collaboratively build and maintain physical Nodes, it achieves decentralization, economic incentives, and open competition. It has advantages such as lowering participation barriers and enhancing network stability, supporting various application scenarios such as decentralized storage and computing. It is expected that by 2028, the DePIN market size will reach $35 trillion, containing tremendous growth potential.