1. Research Background
In the rapidly rising field of Web3, a series of challenges have emerged, such as the lack of growth strategies for Web3 projects, high entry barriers for Web2 users, significant traffic distribution losses, a lack of native growth tools, and insufficient refined operations. Port3 Network focuses on building Web3 social data infrastructure aimed at resolving these dilemmas.
2. Project Overview
Port3 Network is a decentralized AI protocol that aggregates and standardizes on-chain and off-chain data to create a social data layer, thereby establishing, utilizing, and developing Web3 identities. Its product matrix is diverse, including the So Quest task platform, Bot Matrix, Sograph analytics platform, QaaS, and BQL. So Quest assists projects in building Web3 communities by aggregating project activity information; Bot Matrix analyzes social behavior and provides key functionalities; Sograph integrates various data to track market trends; QaaS can embed task functionalities into project web pages; BQL automates on-chain operations.
3. Development Achievements
By the end of 2023, So Quest has achieved remarkable results, initiating over 110,000 activities, attracting 6 million participants, with over 2 million users, serving 4,000+ projects, and maintaining over 50,000 daily active users. BQL was launched in mid-2023, achieving over $800 million in total trading volume through mining activities. In August 2023, Port3 Network completed financing, receiving support from numerous institutions, and will initiate its Initial Decentralized Exchange Offering (IDO) in January 2024.
4. Challenges Faced
Despite the positive development trend of Port3 Network, the overall Web3 landscape has yet to form a complete growth methodology, remaining in a relatively blind stage with overlapping functionalities among various projects. At the same time, there is some overlap with the users of certain platforms, necessitating further clarification of market positioning to enhance differentiated competitive advantages.
5. Future Outlook
In the future, Port3 Network is expected to continue expanding its market with its technological advantages and innovative products, deepening its layout in the field of Web3 social data. By continuously optimizing product functionalities and enhancing user engagement, it aims to provide stronger support for Web3 projects and promote the prosperous development of the Web3 ecosystem.