There is a significant piece of news circulating in the industry—Discord has secretly filed for an IPO, officially joining the ranks of tech companies going public. Partnering with investment banks like Goldman Sachs and JPMorgan, the scale is quite substantial.

How capable is this platform? Monthly active users have surpassed 200 million. It doesn't sound particularly exaggerated, but you need to understand the composition—gamers, developers, and a large number of crypto communities are all active here. Especially in the Web3 space, Discord has become an essential tool for project teams, developers, and investors, almost a standard for on-chain communities.

From a valuation perspective, during the funding round in 2021, institutions valued it at $15 billion (led by Dragoneer Investment Group). If the IPO is successful, how will this number change? The market is quite curious. After all, despite the ups and downs in the crypto industry over the past two years, Discord's value in community building and user engagement is widely recognized.

What’s noteworthy about this is that it reflects the importance of Web3 infrastructure—being able to reach the IPO stage indicates that its commercial value has been validated. For the entire ecosystem, this also means that foundational tool applications are gaining favor with mainstream capital.