In 2023, Web3 financing reached $2.8 billion, with the infrastructure sector leading the way.

Data from 2023 shows that there were a total of 1,178 financing events throughout the year, with a total financing scale of 2.839 billion USD. In terms of financing scale, the infrastructure sector ranks first.

Mainstream top investment institutions such as a16z, a certain exchange platform's lab, and Paradigm are also focusing on the infrastructure sector as a key layout direction. Although different institutions have varying preferences for different sectors, the infrastructure sector occupies a considerable share in their investment landscape. In addition, a16z places relatively more emphasis on the gaming field; Polychain, Coinbase Ventures, and a certain exchange platform's lab focus on the DeFi sector, while Paradigm has fewer investments, with a more balanced distribution of investments across other sectors.

Here are a few potential projects in the infrastructure sector:

B² Network

B² Network is an EVM-compatible Rollup based on Bitcoin's zero-knowledge proof verification commitment. The project records Rollup data and zk proof verification commitments on the Bitcoin network and ultimately confirms them through a challenge-response mechanism. The core team members of the project are active in mainstream open-source communities such as Ethereum and Bitcoin. Recently, B² Network has upgraded from the Alpha testnet to the Haven Beta testnet and is currently conducting the Odyssey mission activity.

Mind Network

Mind Network aims to bring a new round of user growth and value enhancement to Web3. It provides security and data privacy solutions, supports true CrossFi scale, complies with regulatory requirements, while adhering to the Web3 principles of asset tokenization and personal data ownership. The project was selected for the fifth season incubation program of a certain trading platform's lab and the Chainlink BUILD program. In June 2023, Mind Network completed a $2.5 million seed round financing, with investors including a certain trading platform's lab, Comma3 Ventures, SevenX Ventures, and HashKey Capital.

Omni Network

Omni, as the interoperability layer for Ethereum, provides core infrastructure support for all modular applications. It enables developers to break through the limitations of a single Rollup or execution environment, building applications across the Ethereum ecosystem while accessing all users and capital. Omni has secured $18 million in funding, with investors including Coinbase Ventures, Jump Capital, and Pantera Capital. In June 2023, its testnet went live, and no airdrop plans have been announced yet.

Wormhole

Wormhole is a decentralized general messaging protocol that enables cross-chain application developers and users to leverage the advantages of multiple ecosystems. The project completed a $225 million financing round at a valuation of $2.5 billion, with investors including Coinbase Ventures, Folius Ventures, and Multicoin Capital, making it the largest financing round of 2023.

CESS

CESS is committed to building a blockchain-based distributed cloud storage system that effectively manages distributed resources through virtualization technology, providing customers with consistent and efficient storage services. Its global content delivery network enables users to access data anytime, anywhere. In December 2023, CESS completed a $8 million financing round, with investors including DWF Labs and Infinity Ventures Crypto. The CESS team has won the Web3 Foundation Hackathon competition and has passed three milestone grants from the foundation. According to the official roadmap, CESS plans to issue a token in 2024 and is currently conducting testnet activities on a certain task platform.