Crypto-Vc-Investments.Pdf
Total Page：16
File Type：pdf, Size：1020Kb
Load more
Recommended publications
-
Industry Report 2019 Loom Network - One Basechain to Rule Them All Table of Contents
LOOM NETWORK Industry report 2019 Loom Network - One Basechain to rule them all Table of contents Introduction 3 Loom Network’s goal 3 Loom Network’s performance 4 Token volumes 4 Daily active wallets 5 Number of dapps 6 Token price 7 Future roadmap 7 Conclusions 8 Key Takeaways • By positioning itself as truly cross-platform and the “universal Layer 2” protocol, Loom has gained increased adoption among the developer community • This has resulted in growing protocol metrics over the past months (DAUs, Token Volumes and number of deployed dapps) • There is a long list of Loom dapps currently in development (mostly games) • Great potential remains, but too early for reaching a final verdict over the protocols success 2 Introduction Scalability is one of the hottest topics in the world of blockchain and dapps. This is especially the case for Ethereum. It remains the most popular blockchain for deploying dapps, but from CryptoKitties in late 2017 to more recent issues with gambling dapps such as FairWin, it’s suffered from serious network congestion. Of course, there are different ways to solve such issues. The move away from a Proof of Work consensus as part of Ethereum 2.0 is one, but in the meantime, we’ve seen an explosion in the number of Layer 2 solutions such as Loom Network’s Basechain (previously called PlasmaChain). These allow developers to overcome scalability issues on a base layer by offloading operations to their own connected chains. In the case of Loom Network, its Basechain is a network of delegated Proof of Stake sidechains secured by more than 21 delegators. -
Security Tokens a Primer
SECURITY TOKENS A PRIMER JANUARY 2019 Table of Contents Executive Summary & Disclaimer 1 1. Background 2 2. Evolution of the Narrative Around Security Tokens 3 3. The Problems Security Tokens Are Trying to Solve 4 4. The Security Token Market Landscape 6 4.1 Select Geographies & Regulations 6 4.2 Security Token Ecosystem 8 4.3 Fundraising Via STOs Thus Far 11 4.4 Fundraising Announced Via STOs Thus Far 13 5. Open Finance Primitives and The Security Token Stack 14 5.1 Debt Tokens 14 5.2 Hybrid/Convertible Tokens 16 5.3 Dual Token Issuance 17 5.4 Derivative Tokens 18 5.5 Compliance Layers & Token Standards 19 5.6 Developing Regulatory Standards 20 6. STO Process & Timeline 20 7. Concerns & Areas Still To Be Proven 21 8. Conclusion 22 9. Authors 23 10. Contributors 23 11. Bibliography 24 11.1 Summaries & Overviews 24 11.2 State of The Security Token Market 24 11.3 Regulatory Landscape 24 11.4 Venue 25 11.5 Security Token Stack & Applications 25 11.6 Challenges 25 12. Appendix: Security Token Case Studies 26 12.1 Debt Security Token Case Study: A Debt Security Token Protocol 27 12.2 Hybrid Security Tokens Case Study: Two Token Waterfall Proposal 27 12.3 Case Study: Potential Future Security Token Designs 29 EXECUTIVE SUMMARY Security Token Offerings (STOs) are a novel fundraising mechanism birthed from increased regulatory oversight on Initial Coin Offerings (ICOs). This document provides: an overview of the problems Security Tokens are attempting to address; an overview of the Security Token ecosystem; select geographies and their developing regulations; a brief breakdown of the Security Token stack; a rough timeline of the STO process; concerns and caveats around Security Tokens and an appendix of select Security Token case studies. -
NFT Yearly Report 2020, Fresh from the Oven!
NON-FUNGIBLE TOKENS YEARLY REPORT 2020 FREE EDITION MARKET RESEARCH. TRENDS DECRYPTION. PROJECT REVIEW. EVERYTHING YOU NEED TO KNOW ABOUT THE NFT ECOSYSTEM FOREWORDS The NFT Yearly Report 2020, fresh from the oven! The purpose of this report is to provide an overarching and detailed view of the Non-Fungible Token ecosystem during 2020. The exponential growth within the sector has been particularly impressive, especially given that the Crypto bear market was in full force during most of the early stages of development. There is little doubt that the loyal and tight knit groups who initially evolved around various NFT blockchain projects have since seen the contents of their wallets dramatically increase in value as the ecosystem evolved and NFT projects began to attract more and more outside and mainstream interest. This report is not meant for Non-Fungible experts but to help everyone in or outside the Non- Fungible Tokens ecosystem to better understand what is going on. What is the potential? Why should you care about NFT? 2020 has been an unprecedented year for most of the world's population, with many challenges to face, from a global pandemic and lockdown to political upheavals, riots and not to mention catastrophic natural disasters… we’ve had it all! In stark contrast and perhaps partially due to such turbulent global events, interest and investment in virtual economies and digital assets has boomed, more than ever seen before. Within the Non-Fungible Token ecosystem individual sectors have seen success, Art, Gaming and Digital Assets have all gained remarkable traction during 2020 with this once niche and experimental industry maturing into a force to be reckoned with. -
Ex-Commonwealth PM Set to Launch $500M Macro Fund LAUNCH
The long and the short of it www.hfmweek.com ISSUE 497 3 MAY 2018 INFRAHEDGE CEO BRUCE KEITH DEPARTS AFTER 7 YEARS HFM EUROPEAN 2018 $30bn MAP co-founder to be replaced by Andrew Allright PEOPLE MOVES 03 PERFORMANCE AWARDS DEUTSCHE PUTS PRIME FINANCE BUSINESS UNDER REVIEW HF head Tarun Nagpal to leave bank after 15 years PRIME BROKERAGE 07 EX-GRUSS CAPITAL PROS PREP EVENT-DRIVEN FUND HFMWEEK REVEALS ALL Indar Capital expected to launch later this year LAUNCHES 10 THE WINNERS AWARDS 23 Ex-CommonWealth PM set to launch $500m macro fund Christopher Wheeler readies between 2013 and 2016. London-based CJW Capital CommonWealth closed BY SAM MACDONALD down last year as Fisher depart- ed to join $26bn Soros Fund FORMER CITADEL AND Management. CommonWealth Opportunity From November 2016 until Capital portfolio manager Chris- March this year, Wheeler is topher Wheeler is set to launch a understood to have traded a sub- LAUNCH macro fund with at least $500m stantial macro sleeve for Citadel. initial investment, HFMWeek He previously spent five years has learned. with London-based liquid multi- ANALYSIS Wheeler is starting London- asset business Talisman Global NUMBERS SURGE IN 2017 based CJW Capital Management Asset Management. He earlier with backing from a large asset worked at Morgan Stanley. manager and is looking to begin CJW Capital could become trading this year, HFMWeek one of this year’s largest HFM Global’s annual survey shows understands. European start-ups, amid a num- He registered the firm with ber of prominent macro hedge equity strategies remained most in UK Companies House on 23 fund launches. -
Pantera Digital Asset Fund Lp
CONFIDENTIAL PRIVATE PLACEMENT MEMORANDUM PANTERA DIGITAL ASSET FUND LP a Delaware Limited Partnership March 2018 PANTERA DIGITAL ASSET FUND LP DIRECTORY Please direct investor inquiries to the Investment Manager (Telephone No.: 650-854-7000; E-mail: [email protected]). Fund Administrator Pantera Digital Asset Fund LP SEI Global Services, Inc. 3000 Sand Hill Road, Suite 1-235 1 Freedom Valley Drive Menlo Park, California 94025 Oaks, Pennsylvania 19456 General Partner Auditors to the Fund Pantera Digital Asset GP LLC BDO USA, LLP 3000 Sand Hill Road, Suite 1-235 One Bush Street, Suite 1800 Menlo Park, California 94025 San Francisco, CA 94104 Investment Manager Legal Counsel to the Fund Pantera Advisors LLC Schulte Roth & Zabel LLP 3000 Sand Hill Road, Suite 1-235 919 Third Avenue Menlo Park, California 94025 New York, New York 10022 CONFIDENTIAL PRIVATE PLACEMENT MEMORANDUM PANTERA DIGITAL ASSET FUND LP Pantera Digital Asset Fund LP (the "Fund") is currently offering the Interests described in this Confidential Private Placement Memorandum (this "Memorandum") to certain qualified investors that, if accepted, will become limited partners of the Fund (the "Limited Partners"). Prospective investors should carefully read this Memorandum in its entirety. However, the contents of this Memorandum should not be considered to be investment, legal or tax advice, and each prospective investor should consult with its own counsel and advisers as to all matters concerning an investment in the Fund. There will be no public offering of the Interests. No offer to sell (or solicitation of an offer to buy) is being made in any jurisdiction in which such offer or solicitation would be unlawful. -
Barclay Managed Funds Report Barclay Managed Funds Report 3Rd Quarter 2019
Barclay Managed Funds Report BARCLAY MANAGED FUNDS REPORT 3rd Quarter 2019 3rd Quarter 2019 TOP 20 CTA PERFORMERS PAST FIVE YEARS For period from 10/01/2014 to 09/30/2019. Includes only CTAs managing at least $10 million as of 09/30/2019 5-Yr Comp. Largest % Best Worst Assets Annual Sharpe Draw Winning 12-Mo. 12-Mo. Under Trading Advisors Return Ratio Down Months Period Period Mgmt. ($) 1 Pantera Capital Mgmt (Bitcoin) 83.34% 0.95 77.89% 55.00% 1564% -76% 124.4M 2 Altana Wealth (Digital Currency) 76.86% 0.87 80.67% 56.67% 1496% -79% 17.5M 3 GAIA Capital Mgmt (GAIA FX+) 47.41% 2.58 19.42% 78.33% 126% -9% 44.6M 4 Alpha Z (Futures Fund) 43.76% 1.48 28.57% 81.67% 115% -11% 10.1M 5 QQFund.com (Alpha Beta) 36.44% 0.87 34.95% 55.00% 101% -21% 11.1M 6 Geosol Capital (Onshore I) 32.23% 0.66 33.85% 55.00% 89% -19% 30.6M 7 CenturionFx Ltd (6X) 29.29% 2.90 4.65% 86.67% 91% 11% 159.2M 8 MDC Trading (MDLC) 26.22% 1.61 11.21% 75.00% 84% -5% 17.4M 9 Blue Bar Futures (Prime Ag) 23.04% 0.84 42.26% 70.00% 107% -9% 11.9M 10 AG Capital (Discretionary GM) 22.31% 0.70 25.27% 50.00% 75% -23% 16.8M 11 Taaffeite Capital (Global Index LP A) 19.32% 1.42 15.28% 63.33% 72% -15% 14.8M 12 Integra Capital (Investment Fund A) 16.91% 0.77 28.25% 85.00% 51% -19% 20.4M 13 Shepherd Energy Portfolio 2X 16.51% 1.30 12.83% 68.33% 47% -4% 20.3M 14 Ortus Capital Mgmt (Currency Aggr) 15.72% 1.07 11.74% 61.67% 38% -4% 207.0M 15 Tianyou Fund LP 15.00% 1.12 25.46% 96.67% 33% -12% 125.2M 16 P/E Investments (FX Aggressive) 12.50% 0.47 35.45% 56.67% 48% -28% 7500.0M 17 Polar Star Mgmt (Polar Star SNN) 12.12% 1.13 8.29% 61.67% 33% -5% 32.6M 18 John Street Capital (Vantage) 12.04% 0.82 10.85% 61.67% 35% -2% 2092.1M 19 Pan Capital (Energy Fund LP) 11.71% 0.79 10.45% 53.33% 48% -9% 130.0M 20 TrueAlpha (PMC Managed Futures SP) 11.71% 1.42 4.08% 65.00% 43% -2% 96.0M Number of Eligible Funds: 406Not for Reprint Disclaimer Past results are not necessarily indicative of future results. -
Cryptocurrencies and Cryptocurrency Funds
CRYPTOCURRENCIES AND CRYPTOCURRENCY FUNDS May 2018 1 CRYPTOCURRENCIES AND CRYPTOCURRENCY FUNDS CONTENTS 1. BACKGROUND .................................................................................................... 3 2. THE TECHNOLOGY AND HOW IT WORKS ....................................................... 3 3. CRYPTOCURRENCY FUNDS ............................................................................. 4 4. RISKS OF CRYPTOCURRENCIES AND ICOs ................................................... 6 5. GLOBAL REGULATORY RESPONSES .............................................................. 7 6. TAXATION OF CRYPTOCURRENCIES ............................................................ 10 7. OUR THOUGHTS ON WHAT THE LEGAL AND REGULATORY LANDSCAPE COULD LOOK LIKE.................................................................................................. 10 8. NEXT STEPS ..................................................................................................... 10 2 CRYPTOCURRENCIES AND CRYPTOCURRENCY FUNDS In recent years and, in particular, recent months, cryptocurrencies and cryptocurrency funds have exploded in terms of discussion and popularity. On Tuesday 28 November 2017, the value of a bitcoin reached $10,000 for the first time, marking an 850% increase from the start of 2017. Since then, there have been considerable fluctuations in the value of bitcoin, and at the date of writing the value of a bitcoin is approximately $9,200. This article will look at the history of cryptocurrencies and identify the risks associated -
I See a Future Where Crypto, Nfts, and Blockchain Will Be the Norm, Rather Than the Exception."
1 “NFTs could act as a catalyst, to help society create the perfect balance between creativity and rationality.” @andreabonac_art (Bison Trails, 2020) 2 Prerelease DRAFT v0.971 Celebrities talk NFTs 5 Basic Tech Concepts 9 What is Fungible and Non-Fungible? 9 Fungible 9 Non-Fungible (NF) 10 What is a Digital Wallet 19 NFT Listing Marketplaces: Should you create your own? 26 Global Marketplace 26 Your Own Marketplace 26 NFT Platform Features 27 What can we do with NFTs? 31 Industries that may be Disrupted by NFTs 67 Art 67 Photography 68 Music 68 Events 68 Sports Memorabilia 69 Redemption Coupons 69 Create an NFT 70 Create your own Marketplace 72 Whitelabel Marketplace Examples 77 Podcasts 77 Fan Clubs 80 Sport Events 82 Consensus Event 83 Music 84 Quick Start to create your own NFT Marketplace 85 Making money from NFTs 87 NFT Energy Consumption 89 NFT Dictionary 90 NFT.NYC Speakers 103 NFT.NYC Partners 113 3 Intentionally Blank 4 Celebrities talk NFTs In early 2021 NFTs gain mainstream traction among prominent artists, public figures, and celebrities. Snoop Dogg “I am excited about it, ya dig?” @SnoopDogg Snoop Dogge Coins NFT Rob Gronkowski "When I was a kid my brothers and I collected every single trading card out there...It's great to be that first athlete to get on NFTs." @RobGronkowski Career Highlight NFT 5 Lindsay Lohan "It's only a matter of time till everyone in Hollywood and beyond gets involved" and also "I see a future where crypto, NFTs, and blockchain will be the norm, rather than the exception." Lindsay Lohan, Actress @lindsaylohan Lightning NFT Paris Hilton “NFTs have literally taken over my entire mind and soul.” @ParisHilton “I’m obsessed. -
Buy Property with Ethereum
Buy Property With Ethereum Averil juicing upriver as mandible Curtis inferring her forfeits earwigging insensately. Is Giovanni castaway or bedaubed when sought some scriptorium remonetising between? Caryl remains modular: she enclasps her flaunters overbalances too two-facedly? From the broader cryptocurrency due to either case, easy ways of why buy property with ethereum? The property with approval of blocks, controlled via a transfer title and is worth its insanely popular ethereum tokens sold, buy property with ethereum? Bitcoin is significantly higher than that of any form of digital currency on the market right now, buy our next house, and so on. If ethereum with digital property in our largest suppliers of directions the buy property with ethereum price prediction is ethereum mainnet, buy more scalable than banks stress on ethereum. The platform has gained immense popularity and so did its currency, we published a blog post summarizing the major changes to the new rent payment system that are coming. Market indices are shown in real time, giving Bella an incentive to finish and move on to other work, and the New York Times. This with each property management mechanism is to buy property with ethereum platform. Click the help icon above to learn more. Family of property types of payment system has also lowers transaction to operating system will always be managed by mana refers to. You buy property with ethereum over eth per unit operated by. Global property store and buy bitcoin iras are largely oral, buy property with ethereum dilemma to invest in truth is public key for posting a buyer. -
Subscription Documents
PANTERA LONG-TERM ICO FUND LTD Subscription Documents (FOR NON-U.S. INVESTORS) Administrator: SEI Global Services, Inc. [email protected] Fax: (484) 676-1474 DOC ID - 26818129.7 INVESTMENT PROCEDURES Prospective investors should read the Confidential Private Placement Memorandum for Pantera Long-Term ICO Fund Ltd (the "Fund") and this booklet prior to subscribing to the Fund. If you are interested in subscribing for Shares (as defined herein), please complete all applicable pages as indicated below and promptly return this booklet by facsimile or e-mail to the Fund's administrator, SEI Global Services, Inc. (the "Administrator") at [email protected] (email) or (484) 676-1474 (fax) and [email protected]: Investor Profile Form (pages 14-20) General Eligibility Representations (pages 21-26) Tax Information (page 26) Signature Page (page 27) WIRING INSTRUCTIONS You must wire the payment from an account in your name. If you are not wiring your payment from a bank located in an Approved FATF Country* you must contact the Administrator for further instructions prior to wiring your payment, which may result in a delay in your subscription. Bank Name: Silicon Valley Bank Bank Address: 3003 Tasman Drive Santa Clara, CA 94054 ABA: 121140399 Account Name: Pantera Long-Term ICO Fund Ltd Account Address: 3000 Sand Hill Road, Suite 1-235 Menlo Park, CA 94025 Account Number: 3302281124 IMPORTANT 1. Please have the wiring bank identify the name of the prospective investor on the wire transfer. 2. We recommend that the wiring bank charge its wiring fees separately so that the amount you have elected to invest may be invested. -
Coin-Operated Capitalism
COLUMBIA LAW REVIEW VOL. 119 APRIL 2019 NO. 3 ARTICLES COIN-OPERATED CAPITALISM Shaanan Cohney,* David Hoffman,** Jeremy Sklaroff *** & David Wishnick **** This Article presents the legal literature’s first detailed analysis of the inner workings of Initial Coin Offerings (ICOs). We characterize the ICO as an example of financial innovation, placing it in kinship with venture capital contracting, asset securitization, and (obviously) the IPO. We also take the form seriously as an example of technological innovation, in which promoters are beginning to effectuate their promises to investors through computer code, rather than traditional contract. To understand the dynamics of this shift, we first collect contracts, “whitepapers,” and other disclosures for the fifty top-grossing ICOs of 2017. We then analyze how the software code controlling the projects’ ICOs reflected (or failed to reflect) their disclosures. Our inquiry reveals that many ICOs failed even to promise that they would protect investors against insider self-dealing. Fewer still manifested such promises in code. Surprisingly, in a community known for espousing a technolibertarian belief in the power of “trustless trust” built with carefully designed code, a significant fraction of issuers retained centralized control through * P.h.D. Candidate, University of Pennsylvania, School of Engineering and Applied Science. ** Professor of Law, University of Pennsylvania Law School. *** J.D. 2018, University of Pennsylvania Law School; M.B.A. 2018, The Wharton School of the University of Pennsylvania. **** Academic Fellow, University of Pennsylvania Law School’s Center for Technology, Innovation and Competition. Author order is alphabetical. We thank Andrew Baker, Tom Baker, Robert Bartlett, Bill Bratton, Chris Brummer, Tony Casey, Peter Conti-Brown, Jill Fisch, Gabe Kaptchuk, Joshua Mitts, Mark Nevitt, Ori Oren, Max Raskin, Usha Rodrigues, Alec Webley, Kevin Werbach, and Aaron Wright for helpful comments. -
Blockchain Venture Capital Report Research Partners
Blockchain Venture Capital Report Research Partners We thank our research partners for their support of this report Authors Demelza Hays Dmitry Elkov Helen Natalie Igor Rosenberg Malkhasyan Kravchenko Demelza Hays is the Dmitry Elkov director of research is an analyst at Coin- Helen Rosenberg Natalie Malkhasyan Igor Kravchenko at Cointelegraph, telegraph and has is a research analyst is a senior research is a research analyst former Forbes over five years at Cointelegraph, analyst at Cointele- at Cointelegraph. 30 Under 30, U.S. of experience in tra- holds a bachelors’ graph, has over six He is currently pur- Department of State ditional and crypto degree in economics years of experience suing a master’s de- Fulbright Scholar corporate finance. and finance and has in strategic consult- gree in quantitative and fund manager co-authored three ing at Big Three and finance at the Vienna of two regulated reports at Cointele- Big Four companies. University of Eco- crypto funds. graph Research. nomics and Finance. Cointelegraph Consulting Venture Capital Report 2 Contents Section 1: The Financial Landscape 5 1.1 The Stakeholders 8 1.2 2020’s Largest Blockchain VC Deals 10 1.3 North America is Still the Leading Blockchain VC 11 1.4 COVID-19’s Toll on Blockchain Private Equity 12 1.5 Evolution of the Economy 13 1.6 Where Venture Capital Is Forecasted to Flow in 2021 14 Section 2: Startups 17 2.1 Types of Private Equity Investors 17 2.2 From the Startup’s Perspective: Using Tokens to Raise Capital 21 2.2.1 Token Fundraising Options 21 2.2.2 Token