OP Crypto Capital Management Ltd. aims to , which recently launched its $25 million investment fund, aims to play a more active role in the lifecycle of blockchain startups, from games to Web 3.0. The former founder of Huobi leader David Gang told Cointelegraph about the transition from his previous company, the growth potential of crypto niches, and the role his fund will play in launching the next generation of crypto startups.
He said that after more than three years at Huobi Ventures and Huobi Labs, Jang has transitioned smoothly into his new position. One of the most important motives for creating the new fund is the greater flexibility and independence in investment decisions. “At my previous company, when we grew to 2,000 employees, it was very difficult to act quickly given the rapid pace of innovation in the crypto industry,” he explained.
He added that the bullish Bitcoin (BTC) secular market and widespread institutional adoption of digital assets made now the perfect time to close a new investment fund.
Increase support for startups
Venture capital funds have poured billions into launching cryptocurrency and blockchain this year alone, confirming the belief that digital assets are seriously disrupting the global economy. Gans tries to differentiate itself from other venture capitalists by providing pre-agreement and by-agreement operational support. To aid in the process, OP Crypto Capital has previously hired marketing and operations specialists from Huobi, Binance, OKEx and other exchanges. Projects funded through OP Capital can also gain additional liquidity opportunities through coin offerings, smart contract reviews and institutional rollouts.
On the topic: 62% of institutions should start investing in cryptocurrency within a year: Survey
Show the true value of web 3
When asked about the value proposition of Web3, a broad concept that describes third-generation Internet services, Gan said that blockchain technology is fundamentally changing the way web data is stored, processed, and managed. He described the emergence of a “one-size-fits-all government team” for data processing, allowing cost-calculation directly on the Internet. He further explained:
“This allows us to send copy-protected files, enabling real-time peer-to-peer transactions. Essentially, Web 3 provides people with a new way to use the Internet without compromising privacy and valuable information.”
While the company hasn’t revealed what projects it wants to fund, the emergence of the interconnected world of Web 3 is at the heart of investment decisions. This includes financing projects that bridge the gap between centralized financing, DeFi, and the so-called metaverse.
Related Topics: DeFi and Web 3.0: Unleashing the Creative Juices of a Decentralized Economy
Measuring the gaming economy for cryptocurrency
One of Ghana’s boldest predictions is that games will be the first to bring 100 million users into the cryptocurrency market. The interaction between games and cryptocurrencies is gaining momentum even in traditional worlds, thanks to the emergence of non-innate tokens that have paved the way for the true ownership of digital items that are increasingly used on gaming platforms.
“We believe virtual communities, particularly gaming communities, will be ubiquitous, and we are committed to promoting a healthy sense of community, place and purpose as a means of support, not just an escape,” Gan said. A third of the world’s population can be attributed to players in one way or another.
He also explained that 41.9 million gamers own cryptocurrency, and 38% of them are millennials between the ages of 21 and 38, according to a Newswagg study. He completed:
“Millennials own 55% of all crypto assets, compared to 5% of all millennials, which shows that gamers are more likely to own crypto than the average person. Eighty percent of crypto gamers are also interested in using cryptocurrency. Purchase of games and game items.
VK look ahead
The emergence of crypto-focused venture capital indicates that investors are looking into blockchain technology and digital assets beyond their direct impact on the prices of Bitcoin, Ether (ETH) and other altcoins. Funding has not been affected by the market crash that began in the spring of 2021. As Cointelegraph continues to report, crypto exchanges and blockchain infrastructure providers have generated a lot of interest from venture capitalists in recent months.