August 2022 – Web3 Storage
Web3 storage is the next evolution of the storage system – distributed blockchain storage. The evolution of the storage systems started with the development of computers enabled with remote data storage, which later evolved into instant centralized cloud storage. We are currently in times where the next version of the storage systems are being developed
No more wash-trading via AI-enabled bitsCrunch
We invested in bitsCrunch strategic round along side Coinbase Ventures, Animoca, Polygon, Crypto.com, Covalent, LedgerPrime and others
July 2022 – Ethereum Front-running
Born out of information asymmetry and a commonplace in traditional finance, Front-running is the illegal practice in which market makers engage in security trades to exploit confidential knowledge of significant pending transactions to generate supernormal profits. One might think such practices cannot exist in the blockchain ecosystem based on the principles of transparency, eliminating the
Interoperable branded assest for metaverses
We invested in Metaprints which is creating a blueprint for Metaverses and is an Animoca subsidiary
June 2022 – Ethereum Merge: Past, Present, Future
Since the announcement of the tentative roadmap of Ethereum during the 2022 Ethereum Community Conference (ETHCC) and the Merge right around the corner, the forums have ignited discussions on the evolution of Ethereum. In this edition of our newsletter, we will be covering the metamorphosis of Ethereum from a PoW to a PoS consensus mechanism.
Parametric Cover Protocol that provides financial protection
We backed Neptune Mutual’s $5.3M round along side Animoca, Coinbase Ventures, Fenbushi, Okx, Huobi, GSR and others
Investment in Cross Chain Assets management with privacy
We invested in Zecrey’s $3.5M Strategic round along side Binance Labs, Spartan, Fundamental Labs, Fenbushi Capital, Amber and many others
Two-Sided NFT-backed P2B Loan Protocol
We invested in Pine’s $3M Private round along side Sino Global, Amber, Spartan, Alameda Research, Impossible Finance, Gate Labs etc. Pine is a decentralized NFT-backed borrowing and lending protocol providing a 2-sided platform where NFT holders gain access to liquidity and for cryptocurrency holders to earn yield.
Cross Dex Margin Trading
We made a strategic investment in Primex’s seed round of $5.7M along side CoinFund, Hypersphere, Wintermute, Stratos Technologies, GSR, LedgerPrime and others. Primex is a new prime brokerage liquidity protocol for margin trading on DEXs with trader scoring mechanisms.
Africa’s Portal to Crypto Economy
We are excited to announce our strategic investment in MARA’s $23M raise alongside FTX, Coinbase and many other investors. Mara is building a centralized cryptocurrency exchange with Pan-Africa servicing, an open finance and lending platform, and an NFT marketplace, all tailored to the requirements of the African populace.
NFT Marketplace for music and entertainment industry
We made a strategic investment in LimeWire seed round of $10.4M along side Kraken Ventures, XRP Arrington Capital, Crypto.com, GSR and others. LimeWire, which originally started as a P2P file-sharing platform for music and films, returns in 2022 as an NFT marketplace for the music industry with community hosting features for artists and fans.
Bridging Liquidity with Router Protocol
We backed Router Protocol in their $4.1M private round along side Coinbase, Wintermute and others. Router Protocol is a cross-chain infrastructure layer enabling seamless communication and transfer of assets across multiple prominent blockchain networks, expanding the realm of possibilities in DeFi.
