1/ In May, I was fortunate to share the (virtual) stage with Haseeb Qureshi @hosseeb, Jason Choi @mrjasonchoi, and Jason Kam @MapleLeafCap for the "Navigating the Crypto Landscape" panel at the REDeFiNE TOMORROW 2024 summit.
veradiverdict.com/p/navigating-the-crypto-landscape
2/ In a conversation moderated by CJ Fong from @GSR_io, we covered some of the most interesting trends that we’re observing in crypto.🧵👇
3/ At @PanteraCapital, we've been investing in crypto since 2013, managing $5B+ in both equity and tokens. I emphasized our extensive due diligence process and data-driven models, especially for DeFi. We use on-chain data to benchmark both liquid/private protocols. 📊
4/ What we look for in crypto teams. 🏆
We all agreed on the importance of founder vision and execution. Strong backgrounds and innovative ideas are key indicators we look for in teams that we look to back. 💡
5/ The evolving crypto VC landscape. 📈
More larger crypto funds ($1B+) have begun to emerge, which provides growth capital for the industry.
This has paved the way for early-stage crypto VCs to focus on specific verticals like Bitcoin DeFi, DePIN, and yield strategies.
6/ “Crypto under the hood” applications. 📲🎮
We all see incredible potential in mobile applications that leverage crypto/blockchain on the back-end, specifically within loyalty programs, stablecoins, and gaming.
7/ Our discussion also touched on the importance of contrarian thinking in crypto investments. 🔍
Often, the best opportunities come from seeing potential where others see risk. A great recent example is our investment in @ton_blockchain
End/ Interested in hearing more of our collective thoughts? Check out the full conversation👇
veradiverdict.com/p/navigating-the-crypto-landscape