Biweekly investment and financial report: capital ambush Web3 infrastructure

The encryption asset market has entered the winter , Many investment institutions have also slowed down their investment . Institutional capital such as Sanjian capital , Because of a large investment during the bull market 、 The secondary market is heavily in debt , The last two weeks （6 month 10 solstice 6 month 23 Japan ） In the blockchain industry financing events , Previously, the investment frequency was relatively high Andreessen Horowitz（a16z） Only one investment has been made .

When the market environment is bad , Capital will focus its bets on what may erupt in the future Web3 Heyuan cosmic plate , among Web3 Talent training platform Neol、Web3 Entertainment Technology Company Kaleidoco、 Yuan universe music platform Authentic Artists Wait for the company to get the investment .

Yuan universe game is still the capital race track . Yuan universe Game Developer Atmos Labs complete 1100 US $10000 seed round financing ,a16z Led the investment in blockchain game companies Clockwork Labs Of 2200 Thousands of dollars A Round of funding . Besides , Several game development and production companies have completed early financing .

It is worth noting that ,Web3 Heyuan universe infrastructure technology service providers are more favored by capital under the background of bear market . Lingdi, a digital infrastructure service provider in the physical world Style3D Finish near 1 Billion dollars Pre B+ Round of funding ,3D and AR/VR Content generation meta universe platform artlabs complete 70 US $10000 seed round financing . so , When the market is cold , Investment institutions pay more attention to projects with technological innovation and service capabilities .

Web3 plate

• Neol

6 month 21 Daily news ,Web3 Education platform Neol complete 520 US $10000 seed round financing ,Kyu Collective and Global Ventures Jointly lead the investment ,DoorDash、LearnStart、FJLabs、Paribu Ventures Of CEO Tony Xu Take part in the voting . This financing is used to support Web3 Talent training and donation activities .

Neol Is a company headquartered in London , It aims to build a richer academic community so as to promote the development of education , Community members can set up their own groups and create Neol Tokens, .

• Kaleidoco

6 month 15 Daily news ,Web3 Entertainment Technology Company Kaleidoco Announced a complete 700 US $10000 seed round financing ,Animoca Brands、GameFi Ventures、Gemini、Jane Street、Adit Ventures、Merit Circle、Nexo、HexTrust、SuperChain Capital and TSG（The Seelig Group） Wait for the vote .

Kaleidoco The company creates original augmented reality (AR) Experienced Web3 Entertainment services , Recently TED2022 At the opening ceremony 2.5 Dimensional blending shows the metauniverse Particle Ink, The company is applying for a patent for its augmented reality multi view technology , They also plan to launch the first AR NFT aggregate .

• DAOLens

6 month 15 Daily news ,Web3 Start-up company DAOLens Announced a complete 500 Ten thousand dollar financing ,Nexus Venture Partners、Better Ventures and iSeed II Lead investment ,Coinbase Board members Gokul Rajaram、Polygon cofounder Sandeep Nailwal、Solana cofounder Raj Gokal、Animoca Brands Vice President, Simon Doherty and Tribe Capital cofounder Arjun Sethi Wait for the vote .

The funds raised will be used for product development 、 Talent introduction , And drive the subsequent roll out of its tool stack . It is reported that ,DAOLens from Vikram Aditya and Apoorv Nandan On 2022 year 1 Founded in , It is designed to help enterprises enter the workforce 、 Contribution management to simplify DAO Operation process of .

• Nefta

6 month 14 Daily news ,Web3 Gaming platform Nefta Announced a complete 100 Ten thousand dollar financing , This round of financing is from Picus Capital Take part in the voting , The company plans to use this round of financing funds to cooperate with more game studios .Nefta Mainly for Web3 Game developers provide development 、 Release and expand tools , At the same time combined with AI Algorithm and blockchain technology provide game economy solutions .

• The Wildcard Alliance

6 month 14 Daily news , game Wordswith Friends cofounder PaulBettner Independent game studio Playful Studios Announced the formation of Web3 subsidiary The Wildcard Alliance, meanwhile ,The Wildcard Alliance Also completed 4600 Thousands of dollars A Round of funding ,Paradigm Lead investment , Other investors include Griffin Gaming Partners and SabrinaHahn etc. .

The Wildcard Alliance Co founder and CEO PaulBettner Express ,Wildcard The first concern is fun , It will create a next generation audience movement to welcome competitors from the whole community 、 collectors 、 Sponsors and fans play together .

• World Innovation Lab

6 month 14 Daily news ,World Innovation Lab（WiL） Announced a complete 10 Us $100 million financing , The specific financing details have not been disclosed yet . The current round of financing funds will flow into World Innovation Lab A number of its funds , Include ：WiL The third Growth Fund WiL Ventures III、WiL Venture capital fund WiL Strategic Partners、 And corporate venture capital funds . It is reported that ,WiL VenturesIII Will be in the climate 、 health 、Web3 And other emerging technologies .

• ScienceMagic.Studios

6 month 14 Daily news ,Web3 Technology consulting companies ScienceMagic.Studios Announced a complete 1000 Thousands of dollars Pre-Seed Round of funding , Coinbase Ventures、Digital Currency Group（DCG） And billionaire hedge fund managers Alan Howard Take part in the voting . The company consists of the former Guardian Media Group CEO David Pemsel Leader , Committed to providing the brand with how to use NFT And social tokens Web3 Technical advice , To increase interaction with fans and the community .

• Molecule

6 month 13 Daily news , To raise money for medical research projects DAO platform Molecule complete 1300 US $10000 seed round financing ,Northpond Ventures Lead investment ,Backed VC、Shine Capital、Speedinvest And before Coinbase CTO Balaji Srinivasan Take part in the voting .

Molecule The platform is a platform for researchers to represent intellectual property rights NFT The market of the project . At present, the projects on the platform include the research on molecular aging at the University of Newcastle , And the University of Copenhagen project on longevity . These projects passed through DAO To stabilize the currency （ Such as USDC） To obtain funds in the form of .

• 8DAO

6 month 11 Daily news , Membership based social decentralized autonomous organizations 8DAO The first round was announced Token Sales completed a new round of financing , And get the participation and support of celebrities from all walks of life , Including Mr. zhengzhigang, a cultural entrepreneur 、 Technology investors Jeff Ren、 Fintech entrepreneurs Alex Yang、 Mr. caiwensheng, a well-known investor 、 Art collectors Alan Lau etc. .

8DAO The funds raised through the first round of token sales will be used as 8DAO The capital reserve of the Treasury , It is mainly used for Web3 Community building 、 Member contribution incentive and improvement DAO Governance framework . meanwhile ,8DAO Plans to launch an accelerator to assist Web3 project .

• 443ID

6 month 10 Daily news , Privacy identity security company 443ID Announced a complete 800 US $10000 seed round financing , This round of financing is from Bill Wood Ventures and Silverton Partners Lead investment . The company builds OSINT Identity map is across identity and access management 、 Network security 、 Cryptocurrency 、 Advertising technology and open source intelligence (OSINT) Domain provides services .

443ID It can provide a comprehensive view of business risk intelligence in real time , Including the integration of third-party data , Authenticate users transparently and cost effectively 、 Register or authorize and make more decisions .

• Gambit

6 month 10 Daily news ,Web3 Dream sports game platform Gambit Announce the completion of a stroke 150 Thousands of dollars pre-seed Round of funding ,Web3 Venture capital studio SuperLayer Lead investment .Gambit It combines free games and making money while playing （P2E） Two game modes , Especially at present NBA During the playoffs and finals , attracted 2.3 Ten thousand new users , Its main audience comes from Southeast Asia and India . It is reported that , Participating in this round of financing SuperLayer It has been supported by many well-known investors , Including the former Super Bowl MVP Joe Montana And venture capital companies Andreessen Horowitz.

Meta universe track

• Authentic Artists

6 month 22 Daily news , Yuan universe music platform Authentic Artists Announced the completion of a round of strategic financing , Warner Music Group 、CrushVentures、CrushMusic、 Nike RTFKT founder StevenVasilev and TheSandbox cofounder SebastienBorget Wait for the vote .

This round of financing aims to accelerate its artificial intelligence (AI) Drive the development process of the meta universe music platform , shape WarpSound Music brands , And looking for partners to help the future development . It is reported that ,Authentic The music of creation NFT series WVRPS by WarpSound yes OpenSea The number one music in the world so far NFT series , contain 9999 A unique visual feature driven musical sound , from Authentic The realization of music generation technology based on .

• Lindy Style3D

6 month 21 Daily news , Lingdi, a digital infrastructure service provider in the physical world Style3D Announce close to completion 1 Billion dollars Pre B+ Round of funding , From hilltop venture capital 、 CDH and other institutions have invested continuously , The financing will be mainly used for R & D iterations of core technologies and products , And the promotion and construction of overseas markets . Gaorong capital used to 2020 Led by Lingdi at the beginning of the year Style3D Of A+ Round of funding , And add... In the subsequent round of financing .

Lindy Style3D Founded on 2015 year , It mainly provides low-level technical services of independent simulation engine and industrial chain level industrial software , Create a technology driven 3D Design an integrated collaborative platform , Become the infrastructure of digital fashion . At present, it has been applied in the garment industry , Assist the research and development of clothing enterprises 、 synergy 、 Exhibition 、 Production full link digitalization .

• Strange fire technology

6 month 20 Daily news , Strange fire technology obtained tens of millions of yuan of angel round financing , This round of financing is led by linear capital , Listed company AoYa Design & Investment Co., Ltd . After this round of financing , The company will focus on the research and development of underlying technologies, the expansion of market operations and the construction of ecological scenarios . According to introducing , Strange fire technology is the first batch of layout in China NFT Technology research , And take the lead in creating a set of trusted digital commodity casting 、 Metauniverse company, which is engaged in programming and building overall solutions for virtual space .

• Ekta

6 month 17 Daily news , The blockchain company headquartered in Bali Ekta from Global Emerging Markets raised 6000 Thousands of dollars , To promote the start-up company to establish a blockchain ecosystem connecting the digital and physical worlds .

Ekta A series of blockchain driven products are being built , Include NFT market 、 Hybrid cryptocurrency trading platform 、 Blockchain games, etc , Its Layer1 Blockchain EktaChain Has been fully operational , Real estate can be 、 music 、 Real world assets such as art and gold are tokenized .

• Zeyu Technology

6 month 14 Daily news , Yuancosmos marketing technology service provider zhouyu technology announced yesterday , Tens of millions of yuan of strategic financing has been completed , Perilous peak K2VC、 Fanchuang capital and blue cursor participate in investment . After this round of financing , Zeus technology will continue to expand the team size 、 Optimize products and services 、 Improve the construction of engine and other basic capabilities .

Zeus technology was founded in 2019 year , Company positioning 「 A technical service provider that helps e-commerce platforms and brands enter the meta universe 』, Yes AI Virtual anchor 「 All day long 」 Products such as . Zeyu technology is Jingdong 618 The exclusive technical service provider of the meta universe project , It is also a service provider of other ecological platforms of JD .

• Artlabs

6 month 13 Daily news ,3D and AR/VR Content generation meta universe platform artlabs Announce the completion of a stroke 70 Ten thousand dollars seed round financing , This round of financing is funded by Techmine Lead investment ,EGİAD Angels and Kültepe Investment To vote for .

artlabs Developed an omni channel integration infrastructure , Digital assets can be distributed to the network 、 Move 、 Virtual store 、 Market, metauniverse and other channels , In the first quarter of this year 95% Revenue comes from retailers and markets in the United States and the United Kingdom .artlabs It is also an active participant in the meta universe , The company supports 3D NFT And virtual fashion projects AR Show , Support the generation of... Optimized for different virtual worlds 「 Interoperable 」 Digital assets .

• Atmos Labs

6 month 13 Daily news , Yuan universe Game Developer Atmos Labs Announced a complete 1100 US $10000 seed round financing ,Sfermion Lead investment ,Animoca Brands、Collab+Currency、FBG Capital、LD Capital、Alumni Ventures、RedBeard Ventures、DWeb3、GSR Markets Limited、CoinGecko Ventures、Avocado Guild、UniX Gaming Wait for the vote .

The new financing will be used to build a virtual game world Atmos The basis of , Develop their communities , And expand Atmos The team . According to introducing ,Atmos Labs Designed to provide users with AAA Quality competitive games and rich narratives , Develop some original game sports in the metauniverse , Players can have their own equipment in it 、 The team .

NFT plate

• Doodles

6 month 22 Daily news , Blue chip NFT project Doodles stay NFT.NYC The appointment of musicians was announced at the conference Pharrell Williams As chief brand officer , He will help shape the series in music 、 Artwork 、 Consumer products 、 A series of initiatives in animation and activities . Besides ,Doodles The founder also announced ,Reddit cofounder Alexis Ohanian Its venture capital institutions Seven Seven Six（776 Management） Led the investment in the first round of financing of the project . The financing amount has not been disclosed yet .776 cofounder Katelin Holloway Will work with Williams Join in Doodles Board of directors .

• Magic Eden

6 month 21 Daily news ,Solana ecology NFT market Magic Eden With 16 Billion dollars valuation completed 1.3 Billion dollars B Round of funding ,Electric Capital and Greylock Jointly lead the investment .MagicEden It is planned to use this fund to expand its primary and secondary markets , And explore Multi Chain Opportunities .

• Fika

6 month 19 Daily news ,NFT Start-up company Fika Announced a complete 400 Ten thousand dollar financing , This round of financing is from First Round Capital、XYZ Capital and Moment Lead investment ,《 Chernobyl 》 The writers Craig Mazin、《 Inferno 》 The director Karyn Kusama as well as 《 Falcons and winter soldiers 》 The writers Malcolm Spellman Take part in the voting . According to the Fika Co founder and CEO of the company Adam Altman According to , The company will launch... On the Ethereum blockchain NFT project 「Terrible Pets」 Different from others NFT project , Its theme consists of several different cartoon animals , allow NFT The bearer uses a lot of comic material to create 、 Share and possibly benefit from their own secondary creative content .

• Astaria

6 month 20 Daily news ,NFT Lending platform Astaria complete 800 Ten thousand dollar financing , Participants include True Ventures、Arrington Capital、Ethereal Ventures、Wintermute、Genesis Trading、Ledger Prime、Hypersphere Ventures、TheLAO etc. .Astaria The founder is the former SushiSwap Chief technical officer Joseph Delong, The agreement allows users to mortgage NFT Carry out Ethereum lending .Astaria Founder and CEO JustinBram Express , This round of financing will be used to expand the team . The platform will be launched as early as this year 9 Month launch .

• Castle

6 month 17 Daily news ,NFT Smart wallet CASTLE complete 150 Thousands of dollars Pre-Seed Round of funding ,Dragonfly Capital Lead investment , Participants include Palm Tree Crew、Lattice Capital、Whitestar、Framework etc. , Individual investors include Andy（Fractional）、Gmoney、Jess Sloss（Seed Club）、Trevor McFedries（FWB & Dapper Labs、Linda Xie、Cooper Turley、Hunter Horsely（Bitwise）、Mariano Conti、Jason Goldlist、John Barnett、Joshua Harris etc. .Castle Wallet features include multiple signatures 、 built-in NFT market 、 Bulk trading 、 Portfolio tracking, etc , At present, the internal test has been opened , Users can join the waiting list .

• The gate of yuan and Wu

6 month 16 Daily news , Digital collection platform 「 The gate of yuan and Wu 」 Recently, it has obtained several million yuan of angel round financing . This round of financing will be used for team expansion 、IP cooperation 、 Content planning, operation and marketing . The gate of Yuanwu is based on spark · A digital native asset platform based on the backbone node technology of the chain network , By spark · Bubi technology, the backbone node technology service provider of the chain network, provides technical support .

• NFTPort

6 month 15 Daily news ,NFT Infrastructure startups NFTPort complete 2600 Thousands of dollars A Round of funding , This round of financing is from Wise cofounder Taavet And Teleport cofounder Sten And European venture capital firms Atomico Jointly lead the investment . As part of the deal ,Tamkivi Will also join as a co-founder NFTPort.NFTPort Headquartered in Estonia , Through infrastructure construction, it helps developers quickly build NFT Applications for , This round of financing funds will be used to expand its platform and support more blockchains .

DeFi Track

• SithSwap

6 month 22 Daily news , be based on StarkNet Decentralization of AMM agreement SithSwap With 2500 The valuation of US $million has been completed 265 US $10000 seed round financing ,Lemniscap Lead investment ,Big Brain Holdings、GSR、DWeb3 Capital、Ghaf Capital Partners And angel investors Anthony Beaumont and Etienne Royole Take part in the voting .

SithSwap yes StarkNet The next generation of automatic market makers , It can provide users with extremely low sliding points and near zero... On closely related asset pairs gas cost .

• Krew

6 month 21 Daily news , be based on Klaytn Of DeFi The incubator Krew The announcement has attracted 400 Ten thousand dollars of investment ,Quantstamp and Ascentive Assets Jointly lead the investment . And will 6 Officially launched in . It is planned to provide consulting services for incubation projects in the future , Including liquidity provision 、 Marketing knowledge sharing 、 Provide design suggestions and market entry strategies . Besides ,Krew The first one under the banner DeFi platform , be based on Klaytn Unmanaged cryptocurrency loan agreement KLAP（KLAP） Will be activated .

• Backd

6 month 20 Daily news ,DeFi agreement Backd Announced a complete 356 Ten thousand dollar financing ,Advanced BlockchainAG Lead investment ,Spartan Group、Maven11、Struck Crypto、Apollo Capital and Divergence Ventures Take part in the voting .Backd Maximize by deploying reactive liquidity pools DeFi Compound income of user assets , adopt Backd The revenue aggregation liquidity pool and the core agreement architecture of the operation , Automatically delegate liquidity to external agreements , And then improve the utility and efficiency of assets .

• Crema Finance

6 month 17 Daily news , According to the official announcement , Focus on liquidity DeFi agreement Crema Finance complete 540 Million dollars in private financing , Qiming Venture Capital Investment Co., Ltd ,IDG Capital、Apollo Capital、Everest Ventures Group、 Evernew Capital、AGE Fund、 Big Brain Holdings、LongLing Capital、Summer Capital、Mentha Partners、FineWill Capital、Zonff Partners、Cipholio Ventures Wait for the vote .

Crema Finance yes Solana Centralized mobility protocol on the main network , Its presence Solana Centralized liquidity market makers are deployed on the main network (CLMM) Algorithm , Allow users to add liquidity within a specified price range .

• PoutineX

6 month 10 Daily news , Decentralized exchange PoutineX complete 500 US $10000 seed round financing ,Pilgrim Crypto Ventures Lead investment ,Polycoin Digital Fund And other institutional and individual investors . Most of the funds raised will be used to optimize the decentralized perpetual contract agreement Poutine Exchange And strengthen their operations . It is reported that , The protocol is under development , The official version is expected to be 7 At the beginning of this month , Another item is called Trade-to-Earn plus（T2E+） The innovation model of will also be implemented at the same time .

• Geode Finance

6 month 10 Daily news , The etheric fang 2.0 hypothecation agreement Geode Finance complete 300 US $10000 seed round financing ,Multicoin Capital Lead investment , Participants include Eden Network、Yield Yak、GSR Markets、C² Ventures as well as C² Ventures Founder and managing partner Ciara Sun.

• Blockpour

6 month 10 Daily news ,DeFi Data aggregation and analysis platform Blockpour Announce the completion of the contract 330 US $10000 seed round financing , This round of financing is from Algorand The foundation 、WeMade、GS Futures、 Kestrel 0x1、Supra Oracles Wait for the vote .Blockpour It is possible to summarize... From all supported networks in one dashboard DeFi Application metrics . at present ,Blockpour Support Ethereum 、Fantom、Avalanche and Polygon The Internet , And will continue to integrate with other networks in the future .

GameFi plate

• CloudFeather Games

6 month 23 Daily news ,Web3 Game tool developers CloudFeather Games Announced a complete 125 US $10000 seed round financing , This round of financing is from Lumikai Lead investment ,VentureHighway、OYO Global chief strategy officer ManinderGulati、NazaraTechnologies CEO ManishAgarwal Wait for the vote .

CloudFeather Games Founded on 2019 year , Previously, software development kits have been built secretly (SDK), The company plans to use this round of funds to recruit talents and expand the global developer outreach program .

• MetaOne

6 month 21 Daily news , Chain travel platform MetaOne complete 200 $million private placement round of financing ,LD Capital、Huobi Ventures、Cypher Capital and GSR Capital Take part in the voting .MetaOne Introducing blockchain games to large-scale games and guilds SAAS service , It aims to solve the current problem by creating a single platform Web 3.0 GameFi Key market issues . The project is expected to 2022 Launched its official platform and practical token in .

• Earth From Another Sun

6 month 17 Daily news , According to the Venture Beat reports , Space sandbox chain tour Earth From Another Sun (EFAS) Announced a complete 450 Ten thousand dollar financing ,Solana Ventures、Alameda Research and Lightspeed Wait for the vote .

This money will accelerate EFAS closed alpha Development and adoption of version , The company is focusing on its upcoming first NFT measuring , It plans to launch the first version of the game earning mode by the end of this year .

• Clockwork Labs

6 month 17 Daily news , Blockchain game company Clockwork Labs Announced a complete 2200 Thousands of dollars A Round of funding ,Andreessen Horowitz（a16z） Lead investment ,Supercell、Baszucki、Roblox Founder and CEO David Baszucki、CCP Games CEO Hilmar Petursson and Unity cofounder David Helgason Waiting for private investors to invest .

Clockwork Labs Will use this latest financing to develop its community sandbox massively multiplayer online role-playing game BitCraft, And for the game 、Web Applications and Web3 APP Revolutionary new database technology .

• Saga

6 month 16 Daily news , Decentralized gaming community Saga Announced a complete 360 Ten thousand dollar financing , This round of financing is from Animoca Brands Lead investment ,Delta Blockchain Fund、Genblock Capital、Moonchain Capital、Compute Ventures、NGC Ventures、Highstreet Ventures、M31 Capital、TsingTing Capital、Metal VC、PANONY、Rainmaker Games、Everest Ventures Group、vEmpire、SL2 Capital and AAG Ventures Take part in the voting .Saga Through cross game NFT To support emerging projects and release global metauniverse owners 、 The power of builders and players to expand and enrich the meta universe .

Fintech circuit

• FalconX

6 month 22 Daily news , Crypto financial services FalconX With 80 Billion dollars valuation completed 1.5 Billion dollars D Round of funding ,GIC and B Capital Lead investment ,Thoma Bravo、Wellington Management、Adams Street and Tiger Global Management Take part in the voting .FalconX Express , Although a number of encryption companies cut jobs sharply during the market downturn , but FalconX Continue to recruit employees . According to the previous report ,2021 year 8 month ,FalconX Announced a complete 2.1 Billion dollars C Round of funding , Estimated to be 37.5 Billion dollars ,Tiger Global、Alimeter Capital、B Capital、Sapphire Ventures Wait for the vote .

• Flip

6 month 14 Daily news , Fintech Indonesia Flip complete 5500 Thousands of dollars B Round expansion round financing , Tencent leads the investment in this round of financing ,Block（ Formerly known as Square） and Insight Partners Wait for the vote , Angel investors include Coinbase Board members Gokul Rajaram etc. . The current round of financing funds will be used to expand Flip The engineering and product team .Flip chief operating officer Gita Prihanto Express , At present, hundreds of companies have used Flip Payment and remittance services to handle employee salaries 、 Customer refund 、 invoice / Supplier payments and international transfers ,Flip More than 120 Billion dollar deal .

• Nume

6 month 14 Daily news , Crypto payment startup Nume complete 200 Thousands of dollars pre-seed Round of funding , Sequoia Capital India （Sequoia CapitalIndia） Lead investment ,Beenext、Whiteboard Capital、Polygon cofounder Jaynti Kanani、Coinbase front CTO Balaji Srinivasan、 Google Engineering Director Arun Samudrala and Block Tower Capital The general partner Sanat Rao Wait for the vote , The funds raised will be used to promote the use of cryptocurrencies in payments . It is reported that ,Nume Currently building their payment processors for retail and commercial customers , Known as Nume Pay and NumePay Business.

• Coinhouse

6 month 10 Daily news , Digital asset service provider Coinhouse Announced a complete 4000 Million euro financing , This round of financing is from ODDOBHF and TrueGlobalVentures4Plus Lead investment ,TiogaCapital、XAngeSiparexInnovation、RaiseVentures、CFPartners、ConsenSys、ExponCapital Take part in the voting .

The financing will be used to develop encrypted asset management products , Accelerate its international expansion , To tap external growth opportunities , Including making individuals and businesses more intuitive 、 Easier to use encrypted payment , And by Web3 Simplify transactions and digital asset management .Coinhouse It is the first one in the French financial market authority （AMF） Registered cryptocurrency company .

（ Statement ： Please strictly abide by the local laws and regulations , This article does not represent any investment advice ）

Under the background of bear market , Which track do you think is more valuable ？