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Discord's anticipated IPO has sparked intense debate in the Web3 community about potential valuation. The critical question on traders' minds: will the platform's market cap settle above the $20 billion threshold upon listing? Discord's massive user base and expanding integration with blockchain gaming and crypto communities make this valuation benchmark particularly relevant for investors eyeing the intersection of Web3 adoption and mainstream tech. The outcome could significantly influence how the market values community-centric platforms moving forward.