Odaily Planet Daily News Decentralization social protocol Farcaster announced the completion of a $150 million funding round, led by Paradigm, with participation from a16z crypto, Haun, USV, _iant, Standard Crypto and others, and the relevant announcement said that this year will mainly focus on daily active user rise and adding developer primitives to protocol, such as channels and direct messaging.

Odaily Planet Daily News USV Partner Fred Wilson posted an article looking forward to 2024: Capital markets are steadily rising, the Fed has adjusted Intrerest Rates to the levels it currently wants, Inflation has come down, and there is a good chance of a "soft landing", which is good for the innovation economy. There is great potential for innovation in the AI field, the era of AI applications is coming, and open source AI models are emerging. 2024 will see the emergence of new AI-first applications that will begin to shift focus and discussion to the stack, as well as traditional applications adopting AI to improve product quality and remain competitive with AI-first disruptors. New technologies bring legal action and regulatory scrutiny. 2023 is the year Web3 holds its ground, and 2024 will be the year when regulators and legislators reach consensus with Web3, and U.S. regulation will finally become clearer. AI and Web3 are two sides of the same coin. AI will help make Web3 work for mainstream applications, while Web3 will help people trust AI. Together, AI and Web3 will drive a stronger, more resilient, more trustworthy, and fairer internet. Fred Wilson also said that he will focus on global warming, promote the energy transition, and build a Decentralization, Modular and Programmability New Energy System. Despite the health of the Capital Market, the venture capital ecosystem is challenging, investors are cautious, many large companies are downsizing, and new companies are struggling to raise funds.

Odaily Planet Daily News Fred Wilson, a partner of the US venture capital institution USV (United Square Ventures), published an article "The Freedom of Innovation". He stated in the article, “USV was subpoenaed by the New York State Department of Financial Services (DFS) in 2014 for its Web3 investment activities. At that time, we hired a law firm and responded to the subpoena, which finally allowed me to testify publicly before DFS officials. .I told DFS employees in my testimony that, unlike some countries, the United States respects the freedom to innovate. Yesterday, on USV's LP quarterly call, we were asked whether regulatory pressure on Web3 in the US would cause us to scale back our Web3 investments, which reminded me of that moment in 2014. I say to this, when they want to ban it, I will choose to double down on it. The most powerful technologies create waves of fear throughout the system, and when you see that fear in their eyes, you should be investing in the causes that create that fear. "(AVC)