Recently, we’ve witnessed significant transformations in the Web3 market. NFT’s and Games reached a peak of interest a few months ago, creating an environment where everyone was talking about them, as well as all of their possibilities. A critical shift in the market that we’ve seen over the last few months is the elimination of underdeveloped projects and the emergence of value-adding projects with large amounts of utility. This shift will only create a more favorable environment where we begin to see unique projects creating value at every step of the way with an excess of creativity in each one.
We’re seeing more capital being pumped into the industry. More and more people are entering the space, and most importantly, more institutional investors are exploring the industry. One trend that will (most likely) continue is corporate executives leaving their previous role(s) and raising massive venture funds to get exposure to the Web3 market. We witnessed this with Katie Haun leaving a16z and raising her own $1.5bn fund. This fund also marks the largest debut fund ever raised by a woman. With more people entering the industry, it is inevitable that more capital will follow them. Undoubtedly, this trend will continue - which will only provide more opportunities to the founders and companies building for that future that we all want to achieve.
Another trend that will continue (hopefully) into the future is building/growing with a long-term vision. When the Web3 market was in its infancy, people only built for the next year or two, but now people are beginning to build for the next 50. Not only do these projects provide predictability and sustainability to the entire industry, but they also attract lots of investment, so it is actually very advantageous for companies to take this approach. With this trend continuing into the future, there will be less rug-pull situations that make people, ultimately, doubt the entire industry. The Web3 industry has always been an advocate for long-term, large-scale, rapid adoption; however, in order to achieve this goal, these projects must have durability and backing. Without having the viability and feasibility built into the market, we are essentially building a skyscraper higher and higher without considering the mechanics of the foundational support that is holding up the building - and if we build high enough, the foundation won’t be able to hold up the building anymore.
In a more focused approach to our company, Threely’s progress is tremendous. Threely’s vision for the future is like the aforementioned one - long-term, sustainable, and everlasting. From day one, we have had these values of durability embedded into our company and its operations. In accordance with the point discussed above - we are ensuring that our foundation is solidified before trying to build vertically. We are approaching our growth as a time to create a strong base, which we then try to grow on top of.
One (very exciting) growth thing happening at Threely is the expansion of our executive team. In the coming months, we will be bringing on core engineers to join the team and help grow with us. Our team is rapidly expanding, and we’re thrilled to be able to have outstanding people interested in joining the project!
In addition to building in a durable fashion, we also want to highlight a few points about our progress. Threely has partnered with 50+ of the leading infrastructures and dApps in the space within an impressive time frame to align our goals together and expand the network of our technical implementations exponentially. Moreover, we are eyeing a year-start (2023) launch for our first phase, which will be our end-user application (Threely Companion) and Threely Build infrastructure for businesses. This launch is distinct for us, and we want to make sure that we get it right; and so far, all the progress looks exceptional. As a company, we are also planning on finding opportunities to sponsor Web3 events. This will be a great chance for us to meet incredible builders in the space, as well as build our community through the sponsored events. We are eyeing different events like blockchain weekends, ETH city events, and a few NFT events - but more on this another time! We are thrilled to be where we are and are extremely confident that we will follow through on all of our aspirations - Tomorrow only provides even more opportunity for us.