Newsletter: A Year in Review 2023

With 2024 quickly approaching, we wanted to take this time to reflect on our work and the success of this year. 2023 was definitely an eventful time for the entire crypto ecosystem, and certainly, better times are ahead, with 2024 looking promising.

Investments & Portfolio Companies

Despite the challenging market conditions, we stayed active and deployed capital in around 15 new projects, including Ta-da, BitBrawl, Concise Labs, Inspect, AIT Protocol, Magic Chess Online, MOOVE Protocol, etc.

We have also supported the token launches of numerous companies that recently came to market, such as Chainflip, Fusionist, Inspect, and Hatom. On top of that, we are also working closely with portfolio companies that are coming to market soon, such as bitsCrunch, MixMob, Apeiron, and zkLink.

Last but not least, we have strongly supported and/or doubled down on several previous portfolio companies and bought tokens on the market of Ethernity (ERN), Injective (INJ), STEPN (GMT), XDEFI (XDEFI), and Paraswap (PSP).

Overall, 2023 has been positive for us, and we are now very focused on our strategy for 2024.

Achievements & Initiatives

Besides investments, at Morningstar Ventures we are also builders, and this year we celebrated a number of cool initiatives and projects, such as:

• Launching MSV.Studio: Our consulting arm that provides projects go-to-market support.
• 37xDubai Grand Opening: Our web3 space and digital art concept in the heart of Dubai, bridging together innovators, creatives and entrepreneurs.
• Launched MSV.GG: An invite-only guild working with our portfolio companies and acting as the retail arm of Morningstar Ventures.
• We launched challenges: Via our software platform MSV Tech, we launched a user engagement feature allowing our community to participate in cool initiatives by our portfolio companies that also include the opportunity to win tokens. Our first official challenge was with Fusionist, where we had over 1.2K challenge submissions. Check out the challenge here.
• Dubai Offsite with the Morningstar Ventures Team: We discussed the 2024 strategy and had fun together. Our team is partly remote, so our annual offsites allow us to reconnect and work on bigger strategic topics.

For the year 2024, we are eager to keep pushing hard and will keep our community posted on all our initiatives. Stay up-to-date on our Twitter and feel free to apply to MSV.GG to be engaged with our portfolio companies.All the best, and have a great start to 2024.