On September 6, Sino Global Capital, a venture capital institution in the Web3 field, completed its rebranding and changed its name to Ryze Labs, aiming to promote innovation and explore the potential of emerging markets. Ryze Labs was founded in 2015 and has invested in more than 50 projects, of which DeFi accounts for the largest proportion, followed by infrastructure and games, including well-known projects such as Solana, Polygon, and Wintermute. Founder Matthew Graham said that Ryze Labs pays more attention to projects that can truly generate demand. Most projects currently do not meet this condition. He believes that we have seen the worst of it and is optimistic about the market in the short to medium term. In the future, Ryze Labs will focus on areas and tracks that can expand the number of people participating in Web3.