Blockchain Projects Must Build Solid Fundamentals to Survive: Tiger Research

Blockchain Projects Must Build Solid Fundamentals to Survive: Tiger Research

Tiger Research, an Asian Web3 specialized research and consulting firm, recently published a report titled "2024 Web3 Market in Chaos: Interview with Yat Siu, Chairman of Animoca Brands." The report highlights the current challenges and opportunities within the blockchain industry, emphasizing the importance of building robust fundamentals for projects to thrive. According to the report, despite a short-term recovery in the blockchain market this year, many projects continue to struggle. However, projects invested in by Animoca Brands, such as Axie and Pixels, have demonstrated resilience amidst the turmoil due to their strong foundations. These projects have established sustainable business models, developed real-world use cases, and fostered engaged communities. Tiger Research emphasizes the need for strategic investments in education, collaboration with governments and institutions, and targeted initiatives to strengthen the fundamentals of blockchain projects. By building a solid foundation, projects can position themselves for long-term success in the evolving Web3 landscape. The report provides valuable insights into the state of blockchain projects, blockchain's performance in recent years, future industry directions, and the drivers behind the surge in Web3 investment in Asia. It also explores the motivations for participation in the Web3 market, offering valuable guidance for investors and stakeholders alike.