For the traditional venture capital that runs into the market, do institutions want to eat the new head of the whole encryption industry?

Vernacular blockchain 2022-04-06 02:17:48 阅读数:752

traditional venture capital runs market

3 month 22 Japan , According to the Coindesk Quote a source to report , Total asset management scale 1500 Billion dollar Bridge Water Fund (Bridgewater Associates) Plan to support an external encryption Investment Fund , Thus, it begins to involve the field of encryption , before Its president Ray Dalio More publicly, he said he held bitcoin .

 Encryption assets

and 3 month 23 Japan , According to the The Block reports , from a16z Former partner Katie Haun Leading venture capital institutions Haun Ventures It has also raised... For its two venture capital funds focusing on encrypted assets 15 Billion dollars , among 5 $billion for early investment ,10 Billion dollars for “ Accelerator ” fund .

big “All in Crypto” Sequoia Capital

The strong wind starts at the end of Qingping , Recently, especially into 2022 Since then , Venture capital giants who shine in the traditional Internet era , It began to appear more and more in the investment and financing events of the encrypted world , Even directly set up relevant investment funds in the field of encryption ( Some invest directly in encrypted assets ), Start a big layout .

The most obvious action is , It is undoubtedly Sequoia Capital , Since last year, it has made frequent high-profile All in Crypto and Web3 The signal of :

2021 year 12 month 8 Japan , Sequoia Capital changed twitter profile to “Mainnet faucet. We help the daring buidl legendary DAOs from idea to token airdrops. LFG”( We help courageous people create legends DAO, From creativity to token Airdrop )—— Now it's back .

And this year 2 month 18 Japan , Sequoia Capital Direct launch scale 5 to 6 Billion dollar crypto asset investment fund , This is also Sequoia Capital since 1972 The first industry-specific fund since its establishment in .

In addition to the crypto asset sub Fund , Sequoia Capital will continue to pass its The main seed fund 、 Venture funds 、 Growth funds and expansion funds invest in crypto asset startups , The total capital commitments of these funds exceed 75 Billion dollars .

Sequoia Capital mainly invests in liquid tokens , Including tokens listed and unlisted on the crypto asset trading platform , The investment scale of a single project is 10 Wan to 5000 Between ten thousand dollars , And plan to participate in the process from pledge to providing liquidity to governance .

since 2014 Since then , Sequoia Capital has been investing in encrypted tracks in equity and token transactions , Last year, its new investments in the United States and Europe included 20% It's an encrypted item , The portfolio includes Filecoin、FTX、Fireblocks、StarkWare、BitClout、Iron Fish、Parallel Finance wait .

Besides , Sequoia Capital For cross chain interoperability and GameFi Project of particular interest , And think that multi chain is the future , Sequoia is monitoring developer activity across the network , Include Terra、Avalanche、NEAR、Polkadot and Cosmos.

Venture capital funds running in

Actually in 2021 Years ago , The entire encryption industry has only Grayscale Act as qualified investors and institutions to intervene Crypto An intermediate channel of the market , It realizes the weak connection state between investors and encrypted assets , Open up the channel for incremental OTC funds to enter directly .

Now, with the encryption of assets related to ETF Continued launch of , as well as Constantly innovating (DeFi、Web3) And the rapid changes in the market's cognition and attitude towards encrypted assets under the growth of volume , Of the entire encryption industry “ Institutions ” Attributes are being significantly overweight .

One of the most direct manifestations is undoubtedly the formation of large-scale venture capital funds focusing on encrypted assets with a capital scale of hundreds of millions of dollars .

This year, 2 month ,Ark Invest Apply to start the venture fund ARK Venture, The fund will invest in companies involved in disruptive innovation , Including the development of 、 Companies that use or rely on blockchain Technology , It is also possible to invest in gray bitcoin trusts (GBTC) Indirectly invest in encrypted assets such as bitcoin .

Then, after March , The speed at which traditional institutions and capital entered the board began to dazzle people :

  • 3 month 7 Japan , Large trading companies DRW Holdings Start providing OTC bilateral option trading services for encrypted assets , Its target users are bitcoin miners and crypto asset investors who need to hedge risks or generate benefits , The The product allows traders to customize the maturity date of each transaction 、 Execute price and base token ;
  • 3 month 8 Japan , American private equity firm Bain Capital Its investment company Bain Capital Venture Capital Bain Capital Ventures Introduction 5.6 Billion dollar encryption Fund , Will invest about... In the next few years 30 companies , At present, it has invested about 1 US $100 million ;
  • 3 month 10 Japan , Subsidiary of Softbank group Z Holdings The CEO revealed ,Z Holdings It is planned to be launched around the world this spring 180 Countries launch NFT market , And will spend a lot of money to pay for the application PayPay The number of users doubled to 9000 ten thousand ;
  • 3 month 11 Japan , Venture capital company Bessemer Venture Partners Has committed to investing in... From existing funds 2.5 Billion dollars , To invest in three core areas Web3 project : Consumer decentralized Finance (DeFi)、 Infrastructure and other “ Support Technology ”;
  • 3 month 16 Japan , Japanese social giant LINE And Visa、Crypto.com etc. 26 This company is playing games 、 comic 、 entertainment 、 Meta universe 、 Cooperation in art and other fields , Plan to establish a global NFT Value chain ;
  • 3 month 21 Japan , Goldman Sachs announced Galaxy Digital Conduct the first OTC encrypted asset transaction , This transaction is through Bitcoin's non deliverable foreign exchange option , On behalf of the bank to provide direct services to its customers 、 Customizable encryption is the first step in asset risk exposure ;

Most venture capital institutions are in Started investing in crypto racetrack in the middle of last year , And take CeFi And infrastructure projects , Cast and lead as .

Encrypted world and traditional financial world , Through each other's VC investment , It seems to be gradually intertwined in depth .

What are the good intentions of traditional venture capital ?

Institutional investors continue to enter the encrypted asset market , Or encrypted asset market “ Institutionalization ”(Institutionalization) It will be an irresistible trend .

That's for these traditional VCs , Nuggets in the encrypted world , Which encryption investment themes attract their attention most ?

In terms of specific projects , The investment type of traditional institutions covers almost most of the mainstream markets , Include Layer1、Layer2、NFT、CeFi、DeFi、 privacy 、Web3、SocialFi wait , And almost all have preferences :

  • Goldman Sachs, for example, seems to love encrypted data , In its At present, there are few Crypto Blockchain infrastructure service providers have been successively invested in the layout Blockdaemon、 Encrypted data company Coin Metrics;
  • Softbank likes the leading or star events of each track , Like a trading platform FTX、 The parent company DCG、 Sandbox game The Sandbox、 Public chain  Polygon  etc. ;
  • Lightspeed ventures prefer the underlying infrastructure , for example Terra developers Terraform Labs、 Crypto asset market maker Wintermute、Web3 Development platform Alchemy、Web3 Infrastructure developers Mysten Labs、Layer2 Solution  Arbitrum  wait ;

Besides NFT It can be said that it is most favored by the majority of institutions , Just a few days ago ,Bored Ape Yacht Club Issuer Yuga Labs And then to 40 $billion valuation to complete a new round 4.5 Us $100 million financing , And so far NFT The largest financing in the industry , This round of financing is from a16z Lead investment , In addition to the common venture capital in the encryption industry , No shortage of Samsung、Google Ventures、Tiger Global etc. “ Traditional forces ”.

 Encryption assets

Summary

in general , The compliance of encrypted trading system has laid the foundation for institutional investors to enter the market , So to some extent , Today, the traditional institutions and capital that run and enter the market with a large amount of money , from The side shows that the encryption market is accelerating compliance and approaching the mainstream ( Even with “ Alternative assets ” The form of is recognized ).

Encrypted assets will be the future 20-30 The biggest trend in ”, In the face of traditional institutions and capital, more and more determined and running , Encrypted world , Is ushering in its own critical moment .

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