Hong Kong, China, October 29, 2024, Chainwire

In collaboration with Blocktempo, a leading Taiwan-based cryptocurrency media outlet, ChainCatcher released the “2024 Asia-Pacific Crypto VC Research Report,” offering key insights into decision-making patterns and market sentiments. beginner cryptocurrency investor market across Asia. -Pacific region. The report, based on a comprehensive survey of more than 1,000 investors, details how these investors are navigating a rapidly changing landscape while balancing innovation-related opportunities and market risks.

Summary of key data:

• Data sources: RootData is the preferred data query and tracking platform, used by 85% of investors, followed by Cryptorank.io (43%) and Crunchbase (32%).
• Information channels: 87% of investors rely on X (formerly Twitter) for industry information, with additional use of Telegram (52%), WeChat (31%) and Discord (28%).
• Investment objective: Experience and experience of the team are top priorities for 75% of investors when evaluating projects.
• Perceived ratings: DeFi is considered the most undervalued category by 41% of respondents, while Layer1/Layer2 is considered overvalued by 48%.
• Investment pace: 42% of investors plan to maintain their current investment pace over the next four months, and 27% plan to increase their activity.

Current State of Crypto VC – Asia Pacific Edition

As the crypto industry enters a new development cycle, the Asia-Pacific market is quickly becoming an important part of the global crypto ecosystem, leveraging its rich resources of developers and investors . To better understand the dynamics of this key market, ChainCatcher, in collaboration with Blocktempo, Taiwan’s leading cryptocurrency media platform, conducted a comprehensive survey of the research methods of cryptocurrency venture capital firms from Asia-Pacific. In the end, 1,084 questionnaires were collected, providing valuable first-hand data for understanding the Crypto VC community.

Geographic distribution

The survey shows that 28% of respondents are from mainland China, followed by Singapore (25%), Hong Kong (18%) and South Korea (11%), with coverage extending to several countries. Southeast Asia.

Distribution by age and position

Respondents aged 30 to 39 represent the highest proportion at 44%, followed by those aged 20 to 29 (32%) and those aged 40 and over (20%).

Among the surveyed group, investment managers/researchers represent the largest proportion at 27%, followed by partners (20%), founders (15%), investment directors (10%), executive directors ( 4%) and the others (24%). %).

Types of investors

46% of respondents are from crypto VC funds, 14% from traditional VC funds, 12% from family offices, 9% from angel investors, 3% from corporate VC, and 15% from other types.

Investment ranges and strategies

36% of investors make single investments in the range of $10,000 to $100,000, 32% in the range of $100,000 to $500,000, 13% in the range of $500,000 to $1 million, 10% above above $1 million and 9% below $10,000.

48% of investors adopt a mixed primary and secondary market investment strategy, 34% focus on primary market investments, and 18% focus on secondary market investments.

Number of projects invested

55% of investors have invested in 10 projects or less this year, 20% have invested in 10 to 20 projects, 11% are observing without investing, 6% have invested in 20 to 30 projects, 4% in 30 to 40 projects, 2% in 40 -50 projects, and 2% in more than 50 projects.

Information acquisition channels

X (formerly Twitter) is the most popular news channel, chosen by 87% of respondents. This is followed by Telegram (52%), WeChat (31%), Discord (28%), YouTube (17%), media/self-media (16%), podcasts (5%), and RSS (3%) ). .

Data Query Platforms

The survey shows that RootData is the most popular investment data query platform with a usage rate of 85%, followed by Cryptorank.io (43%) and Crunchbase (32%).

Project evaluation factors

The experience and experience of the team (75%), technological innovation (53%) and the business model (45%) are the three factors most appreciated by investors in the evaluation of projects.

The challenges of investment research

Lack of project transparency (61%) and rapid changes in the sector (43%) are the main research challenges.

Due Diligence Tools

Platform X (87%), RootData (71%) and LinkedIn (62%) are the most commonly used due diligence tools.

Crypto Category Selection Criteria

62% of investors choose categories by observing narrative/category innovation, 54% focus on financing situations, 36% consider secondary market wealth effects, 26% focus on attractiveness for retail investors or stock markets, and 22% consider portfolio risk resilience/synergy needs.

Weight of research analysis

40% of investors believe that research analysis represents between 40 and 60% of decision-making weight, while only 13% of investors believe that research analysis represents less than 20% of decision-making weight.

Undervalued Categories

DeFi (41%), the Bitcoin ecosystem (34%), and RWA (32%) are considered the most undervalued categories.

Overvalued Categories

Layer1/Layer2 (48%), GameFi (28%), and NFT (25%) are considered overvalued categories, which may be significantly related to the innovation stagnation these categories face.

Perception of cryptographic innovation

44% of investors believe they have not seen significant innovations in the crypto sector this year, 29% have difficulty describing them, and 27% believe they have seen significant innovations.

Information anxiety levels

39% of investors report significant information anxiety, 34% say their level of information anxiety varies depending on the situation, and 27% report no significant information anxiety. Nearly 40% of investors experiencing high information anxiety also indicate that the crypto market is still in a period of rapid development, with many undisproven innovations still existing in the market.

Characteristics of high-quality projects

Technological innovation (61%), the advantages of the business model (59%) and the experience of the team (54%) are key characteristics of quality projects.

Future investment plans

42% of investors plan to maintain their current investment pace over the next 4 months, 27% plan to increase their investments, 22% plan to decrease them, and the few remaining investors (9%) are cautious or uncertain about to market prospects, choosing to either find it difficult to judge or stop investing. It is worth noting that only 31% of investors explicitly express caution or reduced investment attitude, while more novice investors still express optimism, which may lead to cyclical recovery and prosperity in the primary crypto market in the fourth quarter.

Summary of Investor Outlook and Market Dynamics

The results illustrate a cautious but optimistic sentiment among beginning investors in Asia Pacific. While 42% want to maintain their current investment pace, 27% plan to increase their activity in the near future, indicating a stable outlook despite market volatility. Only 31% of investors explicitly express caution or reduced investment activity, suggesting many still see potential for a market recovery.

Combined with RootData’s Q3 2024 report, which noted a 25.69% quarter-over-quarter decline in funding events and a 15.04% decline in total funding to $2.406 billion, This information highlights a period of strategic restraint amid macroeconomic uncertainties, regulatory changes and fluctuations. list of channels. Despite these conditions, optimism around sectors like DeFi and the Bitcoin ecosystem demonstrates continued interest in innovative areas of the crypto space.

About ChainCatcher

ChainCatcher is a leading cryptocurrency media and research organization focused on providing timely and in-depth analysis and information on blockchain technology and crypto market trends. By partnering with leading industry players, ChainCatcher provides research reports, news and educational content designed to provide investors and industry participants with trusted information for decision-making.

About Blocktempo

Blocktempo is Taiwan’s leading cryptocurrency media platform dedicated to providing up-to-date news, information and educational resources on blockchain and digital assets. Through its in-depth content and active community engagement, Blocktempo has established itself as a trusted source for crypto enthusiasts and investors in the Asia-Pacific region.

Disclaimer: The data for this survey was collected from August 26 to September 26, 2024. All data is for research purposes only and does not constitute investment advice. Investors must bear their own investment risks. ChainCatcher reserves the final right to interpret this report.

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