History of GameFi In 2022, the GameFi industry experienced substantial growth and innovation. The aggregated market capitalization of all GameFi tokens reached a significant milestone of $25B on April 1, 2022. While this figure did not surpass the industry’s all-time high of $36B from November 2021, the resilience of the sector is evident…

The Middle East/North Africa (MENA) region has become a hub for Web3 technology due to several factors, including a large and youth-heavy population, widespread mobile and internet usage, rapid digital transformation, growing interest in cryptocurrencies and blockchain, and a strong entrepreneurial culture. These factors combined have created favorable conditions for…

The first quarter of 2023 has been an exciting period for the decentralized finance (DeFi) ecosystem of TON. We have seen the launch of new projects and increased TVL performance when compared to peer blockchains. …

Note from First Stage Labs: This public article is the result of an internal report conducted between December 2022 and March 2023. How we collected the data This report presents an overview of the market research conducted in India, and Turkey, based on the insights gathered from in-depth interviews with crypto investors and traders from…

Key Findings: Collectibles used to dominate the crypto industry, but now utilities have become the most active sector. The NFT market generated approximately $24.7 billion in organic trading volume in 2022, a slight decline from the 2021 total of $25.1 billion. DappRadar observed a significant increase in the number of…

A Glimpse at Real-World Assets (RWAs) There is a new crypto trend that has caught the attention of major players such as Binance, Coinbase, Messari, Polkastarter, and Chainlink. Real-world assets (RWA) is a blockchain-based representation of physical assets, such as commodities, real estate, insurance, securities, and bonds. Tokenizations of these assets ensures that they can be…

Welcome to our TON Glossary! As a venture builder on TON, First Stage Labs is committed to helping entrepreneurs and investors navigate TON Ecosystem. In this glossary, you’ll find clear definitions and examples of key terms related to TON. Whether you’re an OG TON maxi or just checking us out…

Note from First Stage Labs: This public article is the result of an internal report conducted in December 2022. We have decided to disclose the report as part of our continuous effort to improve TON Ecosystem. Where are we now and where we are heading This report presents an overview of the current state of DeFi in The Open…

First Stage Labs is a pioneering venture builder & VC firm dedicated to launching and scaling Web3 startups on TON Blockchain. Using our expertise, fundraising, and industry connections, we support projects focused on achieving crypto technology mass adoption. This blog has been set up as one of the platforms to keep the community informed about the latest initiatives and research in our corner of the blockchain space. We will cover a wide range of topics, including the latest trends and innovations in Web3, TON Blockchain updates, and insights about TON Ecosystem.