Find stats on top websites
Industry Landscape
The Web3 industry is rapidly evolving, driven by increasing adoption of blockchain technology, DAOs, and decentralized applications. Grant funding and community management tools are crucial for ecosystem growth, with a strong emphasis on transparency and on-chain verifiable credentials. Despite market volatility, innovation continues, attracting new projects and users.
Total Assets Under Management (AUM)
Number of Active DAOs in United States
~Data not explicitly available for US only; globally, there are over 10,000 active DAOs, with a significant portion based in or with strong ties to the US.
(15-25% CAGR)
- Increased creation of new DAOs.
- Growing membership and participation.
- Expansion of use cases beyond DeFi.
Total Addressable Market
50 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Zero-Knowledge Proofs (ZKPs)
ZKPs enable verifiable computation and privacy-preserving data sharing without revealing the underlying information, enhancing trust and confidentiality in Web3 interactions.
Account Abstraction
This technology allows for more flexible and user-friendly wallet designs, enabling features like gasless transactions, multi-signature wallets, and social recovery without compromising decentralization.
Decentralized Physical Infrastructure Networks (DePIN)
DePINs leverage blockchain to incentivize the creation and maintenance of real-world infrastructure, potentially expanding the reach and utility of decentralized applications.
Impactful Policy Frameworks
Infrastructure Investment and Jobs Act (IIJA) 2021 - Cryptocurrency Broker Definition
The IIJA (2021) includes provisions that broaden the definition of 'broker' to include entities that facilitate digital asset transfers, potentially encompassing decentralized exchanges and wallet providers.
This policy could impose significant reporting requirements on CharmVerse's integrations with cryptocurrency wallets and exchanges, potentially increasing operational complexity and compliance costs.
Securities and Exchange Commission (SEC) Enforcement Actions (Ongoing)
The SEC continues to aggressively pursue enforcement actions against cryptocurrency projects, classifying certain digital assets as unregistered securities.
These actions create regulatory uncertainty for Web3 projects and DAOs, impacting their ability to fundraise and operate, which could affect the number of projects seeking grants on CharmVerse.
Financial Crimes Enforcement Network (FinCEN) Guidance on Convertible Virtual Currencies (2019, with ongoing updates)
FinCEN's guidance clarifies that businesses engaged in the transmission of convertible virtual currencies may be considered money transmitters, subject to Bank Secrecy Act (BSA) regulations.
This guidance could necessitate CharmVerse or its partners to implement more robust Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures for grant payouts or token-gated access, impacting user privacy and decentralization principles.
Transform Your Ideas into Action in Minutes with WaxWing
Sign up now and unleash the power of AI for your business growth
