Multicoin Capital has secured $430M to invest in crypto startups
These are 9 areas they're investing on π§΅
These are 9 areas they're investing on π§΅
0/ Context:
After ~5 years of investing, Multicoin is increasing its attention on investments that are poised to reshape massive consumer-facing markets.
After ~5 years of investing, Multicoin is increasing its attention on investments that are poised to reshape massive consumer-facing markets.
1/ Proof of Physical Work
Cryptoprotocols created incentive structures that allowed anyone to contribute to a set of shared objectives.
This will extend end to the physical world with protocols incentivizing people to do verifiable work that builds real-world infrastructure.
Cryptoprotocols created incentive structures that allowed anyone to contribute to a set of shared objectives.
This will extend end to the physical world with protocols incentivizing people to do verifiable work that builds real-world infrastructure.
2/ DataDAOs
Today, thereβs a lot of fragmented data that if aggregated would be more valuable.
Crypto helps to solve this through incentives to contribute, decentralization of data intermediaries, and by giving governance power back to the community
Today, thereβs a lot of fragmented data that if aggregated would be more valuable.
Crypto helps to solve this through incentives to contribute, decentralization of data intermediaries, and by giving governance power back to the community
3/ Creator Monetization
Multicoin believes that the best ideas/tools for millions of creators to monetize have yet to be created.
Additionally, they expect creators to build businesses on online platforms leveraging crypto for payment rails, DeFi, NFTs, social tokens.
Multicoin believes that the best ideas/tools for millions of creators to monetize have yet to be created.
Additionally, they expect creators to build businesses on online platforms leveraging crypto for payment rails, DeFi, NFTs, social tokens.
4/ Consumer Products
As the underlying infrastructure systems mature itβs becoming easier to build consumer-facing apps.
And so world-class crypto-native consumer experiences will be built by entrepreneurs, unlocking new consumer behaviors.
As the underlying infrastructure systems mature itβs becoming easier to build consumer-facing apps.
And so world-class crypto-native consumer experiences will be built by entrepreneurs, unlocking new consumer behaviors.
5/ New Business Models for Collaborating on IP
Today, due to the internet, there aren't just a few handful media sources, but millions.
With the existing scarcity of IP studios (Disney, Warner, etc), the next wave of IP studios can be crypto-native and community-driven.
Today, due to the internet, there aren't just a few handful media sources, but millions.
With the existing scarcity of IP studios (Disney, Warner, etc), the next wave of IP studios can be crypto-native and community-driven.
6/ Web3 Infrastructure
Multicoin has been investing in web3 infrastructure since 2018 with investments on Livepeer and TheGraph.
They will continue to invest in this area.
Multicoin has been investing in web3 infrastructure since 2018 with investments on Livepeer and TheGraph.
They will continue to invest in this area.
7/ Open Finance
DeFi has cooled down but hasn't gone away.
Multicoin is still bullish on it as:
1. Markets can be more inclusive/ open using DeFi rails
2. Founders continue to build disruptive tools
3. They expect higher-level apps to be built
4. Innovation is very alive
DeFi has cooled down but hasn't gone away.
Multicoin is still bullish on it as:
1. Markets can be more inclusive/ open using DeFi rails
2. Founders continue to build disruptive tools
3. They expect higher-level apps to be built
4. Innovation is very alive
8/ India
Multicoin believes India is well positioned to adopt web3 given:
1) Difficulty in market penetration for US/Chinese tech giants
2) Opportunity to build Indian native web3 businesses
3) Young, tech-savvy, English-speaking demographics
4) Growth of remote work
Multicoin believes India is well positioned to adopt web3 given:
1) Difficulty in market penetration for US/Chinese tech giants
2) Opportunity to build Indian native web3 businesses
3) Young, tech-savvy, English-speaking demographics
4) Growth of remote work
9/ DAO Tooling
DAOs, the early experiments of online communities supercharged by crypto, need better coordination infrastructure to scale
DAOs, the early experiments of online communities supercharged by crypto, need better coordination infrastructure to scale
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