Q1 Crypto Market Recap: Summary of Key Developments in 11 Top Projects
Original Title: "Q1 Superstar Project Pile-Up TGE? A Quick Look at 11 Major Project Updates"
Original Author: Nan Zhi, Odaily Star Daily
According to @layerggofficial's statistics and disclosure, there will be dozens of projects conducting TGEs or launching mainnets in the first quarter of 2025, including top-tier projects such as Berachain, Linea, OpenSea, and more.
However, through Odaily's investigation, most of the projects disclosed have not actually received official endorsements for their TGE/mainnet schedules. Many are merely community rumors or even lack any relevant information.
So, which key projects have explicitly or implicitly hinted at upcoming launches? What recent important updates or participation opportunities do these projects have? Odaily will review and summarize these in this article.
Berachain
· Launch Time: Potentially in Q1 2025, but no official announcement has been made.
· Funding Amount: Series B - $1 billion, valuation at $15 billion; Series A - $42 million, valuation at $4.2 billion.
· Recent Developments: Conducted pre-deposit activities with multiple projects and offered early rewards, including Ethena, StakeStone, etc. As of January 8th, the total deposit amount reached $1 billion.
Monad
· Launch Time: Rumored to release a public testnet in Q1, with no official announcement yet.
· Funding Amount: Undisclosed Round - Undisclosed Amount (OKX Ventures); Undisclosed Round - $225 million, valuation at $30 billion; Seed Round - $19 million.
· Recent Developments: Started rolling out the testnet in November in phases, established the Monad Foundation on December 17th. Early January series of articles hinted at an upcoming event.
Abstract
· Launch Time: Official announcement states the mainnet will go live in January 2025
· Funding Amount: Undisclosed Round - $11 Million.
· Recent Developments: Participants can now engage in social media tasks, NFT minting, testnet interactions, etc. See "How to Participate in the Abstract Airdrop Closely Related to Fat Penguin?" "Fat Penguin's Coin Launch Drives NFT Boom, How PENGU, Abstract, OpenSea Benefit All?" for more details.
Nillion
· Launch Date: Officially announced to launch the mainnet in February 2025.
· Funding Amount: Undisclosed Round - $25 Million; Series A - $20 Million, Valuation $4 Billion.
· Recent Developments: Participants can engage in staking and validator node interactions. See "Interactive Guide: Nillion, the 'Global Blind Computer,' Raises Another $25 Million" for more information. Collaborating with numerous AI projects, including Build On Nillion, Thales_ai, Four Pillars, etc.
Story
· Launch Date: Official hints suggest the mainnet will launch soon.
· Funding Amount: Series B - $80 Million, Valuation $22.5 Billion; Series A - $25 Million; Undisclosed Round - $29.3 Million.
· Recent Developments: Launched a joint task with Binance Wallet lasting three weeks with token rewards. Other interactions include testnet airdrops, ecosystem project check-ins, NFT purchases, etc. Readers can find detailed operation guides on social media.
Initia
· Launch Date: Rumored to launch the mainnet in Q1, with no official announcement. The latest official mainnet progress update was released on December 19, 24, stating 78% progress and undergoing security audits.
· Funding Amount: Community Round - $2.5 Million, Valuation $2.5 Billion; Series A - $14 Million, Valuation $3.5 Billion; Seed Round - $7.5 Million; Undisclosed Round - Undisclosed Amount (Binance Labs).
· Recent Developments: Current testnet activities are still ongoing, including XP, Swap, Sake, and VIP modules. Readers can find detailed operation guides on social media.
OpenSea
· Launch Date: To be confirmed
· Funding Amount: Series C - $3 billion, valuation $13.3 billion; Series B - $1 billion, valuation $15 billion; Series A - $23 million; Strategic Funding - $2.1 million; Seed Round - $2 million.
· Recent Developments: On December 20, the OpenSea Foundation's official Twitter account went live and posted its first tweet "ocean enters the chat." On December 28, an OpenSea Foundation spokesperson responded to token issuance rumors: "More information coming soon," but no further information has been provided since then.
StakeStone
· Launch Date: Rumored to be in Q1 TGE. StakeStone officially responded to Layergg's launch schedule form.
· Funding Amount: Undisclosed Round - $22 million; Undisclosed Round - Undisclosed amount (Binance Labs).
· Recent Developments: Partnered with Berachain to launch the beraSTONE staking event, emphasizing that participants will receive STO (StakeStone Token) rewards.
Particle Network
· Launch Date: Product is already live, and V2 is expected to be released soon, with no official TGE announcement yet.
· Funding Amount: Undisclosed Round - Undisclosed amount (Binance Labs); Series A - $15 million; Strategic Funding - Undisclosed amount; Seed Round - $7 million, valuation $1.5 billion; Pre-Seed Round - $1.5 million, valuation $30 million.
· Recent Developments: Launched the UniversalX trading platform on December 4, with an upcoming upgrade to V2.
Lens
· Launch Date: Official announcement that the mainnet is about to launch, specific date yet to be released.
· Funding Amount: Undisclosed Round - $31 million; Seed Round - $15 million; Undisclosed Round - Undisclosed amount.
· Recent Developments: Apart from the announcement of the upcoming mainnet, there have been no other significant updates.
Orbiter Finance
· Launch Date: Rumored to be in Q1 TGE. On January 14, the official Twitter account posted a long-awaited tweet with the content "20," but it is currently unclear whether it is a countdown or has other significance.
· Funding: Series A - Undisclosed amount, $2 billion valuation; Seed Round - $3.2 million, $40 million valuation.
· Recent Developments: No significant updates.
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