Most Web3 VCs are really having a tough time; the fundraising, investment, management, and exit in this cycle can be described as hellishly difficult. For example, more and more excellent projects like $HYPE no longer need VC investment.

Yesterday, the AI company Warden completed a strategic financing round of $4 million at a valuation of $200 million, and not a single Web3 VC was among the investors.

The investors include AI public chain $0G , data platform Messari, and AI platform Venice. They actively participated and collaboratively built Warden, being the true builders, which allowed them to participate in the strategic round before the TGE.

Additionally, this round of financing also made it public that Warden's current valuation is $200 million.

Currently, Warden has about 20 million users, with daily active users reaching 250,000 and a cumulative transaction volume exceeding $100 million. The annualized revenue is currently about $2.5 million.