I am incredibly proud to announce that
@arca
has closed its first early-stage venture fund, called Endeavor, at $30M, with Galaxy Vision Hill as one of our investors.
A thread below but a thank you to all the reports & outlets covering the story today!
I’m tired of crypto conferences charging $2000 and now family office conferences that are charging people/GP’s thousands of dollars to help educate investors about the asset class. Give me 2 months & I’ll figure out a free summit, bringing both sides together to learn. Who’s in?
Do we call Microsoft, Amazon and Facebook “alts”? No.
Do they all have less market cap than Apple? Yes.
Calling Digital Assets with less market cap than
#Bitcoin
“alts” is antiquated
~700M people globally live around the poverty line
~60% of Americans are living paycheck to paycheck.
What
@AxieInfinity
and
@YieldGuild
are showing the world is that play-to-earn blockchain based games can be fun and help people pay for food, clothes and more
Cancel all festivals, conferences and mass gatherings now in the US.
Do it now.
This is a national security issue and by putting economics in front you are aiding in the transmission of this virus.
Look at Singapore control measures and follow.
@StevenACohen2
Steve how is ESPN able to investigate your new hires better than the organization? This should have been caught during the process and he shouldn’t have been offered the job.
Need to do better.
It’s estimated that 20M people own
#Bitcoin
That reaches across race, religion, gender, age, location...
In a world being divided more each day, Bitcoin is something that brings people together.
It is worth noting:
@AxieInfinity
DAU’s have 30x from April 2021: 38k to 1.3M
Blockchain based gaming has been around since c. 2014; not until Axie did we see the P2E super trend begin to take off, providing liftoff to
@YieldGuild
#NFT
@Psycheout86
leading the pack
Hey Bitcoiners...
@RaoulGMI
and
@RealVision
have done more to educate and motivate hundreds of thousands of institutional investors about
#Bitcoin
then the majority of you combined
His opinions are based on decades of experience in markets. He may be right, may be wrong
Move on.
My discussion with
@SergeyNazarov
from
@chainlink
is now live.
We talk about the pipes of Web3 and Chainlink's role; we also discuss CCIP as we move to a multi-chain world plus the concept of the "truth machine"
Listen:
I want to help someone out during these trying times.
I’m giving away $100 in bitcoin.
-Rules:
1️⃣ FOLLOW ME
@DavidJNage
2️⃣ RETWEET THIS.
Winner announced May 20.
Close to $15,000,000 USD has been stolen due to COVID-19 scams thus far this year.
vs the 12 Bitcoin that just happened via the Twitter hack.
The more you know 👍
Larry Fink, CEO of BlackRock, the largest asset manager of the world overseeing $7T, just said this about
#Bitcoin
“Bitcoin has caught the attention and the imagination of many people...it could possibly evolve into a global market asset.”
💥💥
I’ve said it before and I’ll say it again:
Calling all Digital Assets outside
#Bitcoin
sh*tcoins shows a lack of research, knowledge and understanding (and I firmly believe in Bitcoins massive potential)
Basically, it’s lazy...
Here it is!
A 24 page overview of Digital Assets
I hope this gives some data points into Bitcoin, “Beyond Bitcoin” and the emerging asset class, thus creating interest among Family Offices & other Institutional Investors to further their exploration
Only 1% of Robinhood users participated directly in the IPO.
This is not the future.
The future has begun with projects like
@SushiSwap
@Uniswap
@compoundfinance
where network participants and users benefit in the growth of the platform, together.
Unpopular opinion: crypto conferences should be free to attend at this point in time.
Education & discussion about Bitcoin & digital assets from those w/knowledge & experience should be frictionless as possible to help facilitate *NEW* capital allocators think thru allocations.
#Bitcoin
will be regarded as one of the most important technological innovations in modern time
With that said, to generalize & call everything else a sh*tcoin shows a lack of research, knowledge and foresight in my opinion
A few months ago I decided to dedicate 100% of my career to crypto & leave the family office world.
I spent months talking to funds; I wrote that 90% of them will fail.
Then I found the team
@arca
and feel they are in the 10% & proud to announce today I've joined them!
Let’s run some numbers:
3B gamers worldwide; if
10% adopt P2E = 300M
5% adopt P2E = 150M
1% adopt P2E = 30M
@AxieInfinity
has ~1.9M (38K in April ‘21).
With ~10 games coming online in the next 1-2 quarters, plus new teams building👆numbers becomes reachable end of ‘22
If anyone in the NYC crypto industry just got laid off bc of the economic issues associated with COVID-19 and is having trouble buying some groceries my DM’s are open.
Anyone who calls
#Bitcoin
a scam today does so for a few reasons; I’ll list two:
1) Anger - they feel they missed the boat or that Bitcoin infringes on their rent
2) Laziness - they haven’t done a lick of research from the amazing, diverse resources we have now.
Prediction: a statement will be made about Tik Tok being a national defense type issue in the next 12-24 hours; some sort of effort to ban it here in the US will be discussed.
New Base Layer w/
@SergeyNazarov
from
@chainlink
Discuss the new whitepaper highlighting hybrid smart contracts; what are they, their function & more. We also discuss working with other chains & L2's.
Thanks
@NexoFinance
@paraswap
for support
Listen:
There are 3 billion gamers around the world.
Even if 5% of them begin to understand how blockchain based games offer them “play to earn” vs the legacy “pay to play” that’s 150 million people.
And it’s more viable today then ever before.
New Base Layer w/
@SergeyNazarov
co-founder of
@chainlink
Great chat about oracles & the "oracle problem", how Chainlink is working to solve it, integration w/Town Crier, public v enterprise chains & much more.
iTunes:
Spotify:
I have now spoken to several institutional allocators in the last few days that are working to put close to a quarter of a billion dollars to work in digital assets.
Tide is changing...
On the DOJ seizure:
Deputy Attorney General Lisa Monaco said that it shows cryptocurrency is “not a safe haven for criminals.”
Well it’s about time someone got the memo! Can we stop with the “crypto is for criminals” line now??
A massive day for our firm
@arca
💥
Today we announce the the close of our Series A, raising $10M from some of the most respected investors such as
@jdrive
@RRE
and big family offices.
Watch
@kevinolearytv
; this represents a lot of what
@APompliano
, myself and some others have to deal with day in and day out educating Institutional Investors about Bitcoin and crypto.
Ok,
@karaswisher
lets' talk about Web3:
First, Gaming:
@AxieInfinity
+
@YieldGuild
& sub dao's of YGG are enabling hundreds of thousands of ppl right now who make $100-$200/month or less to earn+own assets to help pay for food, clothing & housing;
Web2 gaming doesn't do this
I did some quick analysis: 73% of the Dow 30 companies mention and/or are currently building blockchain solutions...right now. Spreadsheet attached in pic - if you want me to send with the links I gathered happy to send, just let me know.
Was just at private lunch with 30 family offices; take always: 1) 75%+ all long cash right now; 2) still looking for uncorrelated return streams to public markets; 3) fervently trying to understand *valuation* of Bitcoin and other crypto; 4) very aware of Quadriga mess
On May 22, 2010, now known as Bitcoin Pizza Day, Laszlo Hanyecz agreed to pay 10,000 Bitcoins for two delivered Papa John's pizzas.
Those two pizzas are now worth $71,576,300.00
Have a good weekend.
#btc
New Base Layer w/
@SergeyNazarov
from
@chainlink
My third chat with Sergey was 💥. We talk about the social aspects & evolution of smart contracts and the role Chainlink is playing in them in re DeFi and more.
Apple:
Spotify:
@jk_rowling
Old Fashioned is one of my favorite all time drinks...wish I had a proper masher at home.
Btw
#Bitcoin
is like fire insurance you’d buy for your home but instead of your home on fire it’s economic & government systems around the world.
Companies with large amounts of Blockchain related patents/patent applications: 1/Alibaba has a total of 90: 2/IBM has a total of 89 filings; 3/Mastercard has 80 filings; 4/Bank of America has 53; 5/People's Bank of China (PBoC) has total of 44. This is all VERY real 🔥
We are proud to announce our investment in
@BAYZgg
today. 200M people living in Brazil; 95M are gamers. With ~15% unemployed due to the pandemic, wages falling +20% YoY, BAYZ, a DAO that operates as a hub for P2E game initiatives, can become a massive resource for Brazilians.
New Base Layer dropping with
@DavidSonstebo
@DomSchiener
from
@iotatoken
We discuss IoT, millions of machines used for a scalable chain void of fees and why they started the IOTA journey.
Base Layer HQ:
Apple:
There are ~7.5B people on the planet;
Most of them don’t currently own Bitcoin or other tokens.
The use of the phrase “nocoiner” will not prompt more people into adoption; it will deter them.
They are entitled to their opinions; it’s our job to respect & educate them
Over the past four weeks we’ve tracked 121 deals done in digital assets, raising $2.9B.
Sector allocations (averages):
•NFT & Gaming: 16%
•DeFi: 24%
•Web 3: 11%
•Infra: 27%
•CeFi: 20%
70-75% are early stage; 20-25% are Series A+