The cryptocurrency fund ArkStream Capital has invested in nearly 20 projects in the second quarter of 2021. We will start with project introduction and track analysis to explain why we invest in these projects.
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DAOSquare
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DAOSquare was born in the Ethereum community MetaCartel and is committed to the construction of an incubator in the Web3 era. Its goal is to become a Y Combinator in the Web3 era. DAOSquare plans to launch the MVP of the Web3 incubator, which is an incubation system based on the DAO concept, and will start the first phase of the global incubation plan.
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The Urgent Need of DAOs
With the popularity of DeFi, DAO related to DeFi governance has also begun to attract market attention. At present, many application-oriented DAOs have emerged, such as PieDAO, NFTX, and Stacker Ventures. Most of these DAOs are decentralized investment funds, and management goals such as fund custody and exit are realized through smart contracts. Some DAOs have also begun to provide other financial services, such as providing DeFi mining services similar to those launched by centralized exchanges.In the past six months, the size of funds in DAO has increased by 523.63%, participating addresses have increased by 533.53%, the total number of proposals has increased by 55.97%, and voting addresses have increased by 96.00%. However, the actual governance activity of DAO did not increase at the same time, and the voting participation rate dropped by 26.35%. It can be seen that with the progress of the bull market, the data of DAO projects in the market has a good growth, but the users who actually participate in DAO governance have not kept up with the rhythm of the market.
At this time, the continuous exploration of the DAO mechanism is particularly important. When developers and entrepreneurs spend more energy on product iterations, they urgently need a product that can provide one-stop DAO components to help them implement projects. Transition to DAO governance.
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Why invest in DAOSquare?
The current main function of DAOmaker and some other platforms is 1DO, which is aimed at the public issuance of project Token. The purpose of DAOSquare is to discover those potential and valuable projects on a global scale, and help projects from 0 to 1 in terms of funds, products, and growth. Therefore, it can be understood as Y Combinator in the web3 era. According to DAOSquare, it will be a community-driven innovation farm. The founder of DAOSquare, Typto, as a senior participant in DAO organizations in Asia, has been exploring the development of DAOs from MetaCartel Ventures China, HackDAO, WhaleDAO to DAOSquare.
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Republic
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Republic project introductionRepublic Note is a security Token launched by Republic Core, a subsidiary of Republic, which has obtained the Reg D exemption issued by the US Securities Regulatory Commission.
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Compliance of crowdfunding platforms
Since 2017, the crowdfunding model of the cryptocurrency industry has been constantly iterating. From ICO in 2017, to 1EO endorsed by exchanges in 2019, to 1DO based on DEX and DAO in 2020, it has attracted many retail investors to participate , and the development of the platform is closely related to the needs of users.Safety, quality and compliance are the main demands of users participating in crowdfunding projects.
With the development of the encryption industry, crowdfunding for retail investors in the primary market has changed from the original purpose of fundraising to the form of cold start of projects or the establishment of seed communities as the primary goal. Compared with the uncontrollable risks brought about by harsh conditions such as lock-up of private equity investment, Token public offering is more sought after by the community because of its high liquidity. From the original need to search for projects everywhere, users only need to find a platform with strong trust endorsement and high selection of projects, which saves a lot of time and has higher odds. This provides a large room for growth for compliance crowdfunding platforms.
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Why invest in Republic?In the background, Republic is not a start-up, but an independent company spun off from AngelList, the worlds largest investment platform.AngelList occupies a pivotal position in the investment community in Silicon Valley and the world. He has helped thousands of companies including Robinhood, Cruise, Calm, and Notion to raise more than one billion US dollars.
The CEO and founder of Republic, Kendrick Nguyen, was originally the legal director of AngelList and the former co-founder of Coinlist. Secondly, there are 8 full-time lawyers in the team, which meet the compliance requirements of US financial regulation.
In terms of business, Republic provides a fairly complete investment incubation service, including general consulting, Token sales, financing and equity consulting FA business, business tokenization, compliance, community, and community services. In addition to private equity and equity crowdfunding, Republic also acquired Fig.co game crowdfunding and getcompound.com real estate crowdfunding; RepublicLabs focuses on mid-to-late stages and will set up a special fund for high-quality projects.first level title
Ternoa
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Ternoa project introductionThe Ternoa blockchain is a Substrate-based Polkadot blockchain developed by French startup Capsule Corp.The Ternoa application allows the creation of on-chain NFT Token time capsules to encrypt, store and transmit data in a secure manner for long periods of time. These time capsule NFT items may represent digital assets, videos or pictures; personal items or human memories; confidential information that only the owner of the NFT can access. All data is encrypted and stored in segments in decentralized storage blockchains such as Sia, Storj, Arweave.
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Overview of the first collision between the blockchain storage sector and NFT
There are still three pain points in the decentralized storage project. First, the data structure defined by the smart contract is very limited; second, it is very difficult to retrieve data under various conditions; third, any content written to the blockchain will be synchronized to All nodes, resulting in high storage costs.
There are many sectors involved in NFT, including the encrypted NFT artwork Everydays: The First 5000 Days created by the artist Beeple; there is also a digital collection NFT NBAtopshot with an average daily transaction volume of tens of millions of dollars; and an average price of more than 300,000 US dollars NFT CryptoPunk, the Twitter avatar of NFT; or NFT is used for asset securitization to move real assets to Centrifuge and Persistence on the chain. Now with Ternoa, NFT is not only on the way to integrate with DeFi, but also trying to spark with the decentralized storage track.
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Why invest in Ternoa?
Ternoa presents data storage in the form of a unique NFT. As the first project in the market that combines NFT and decentralized storage, it has a first-mover advantage in this track. The Ternoa blockchain currently includes an NFT marketplace that allows artists to issue authenticated NFT digital artwork hosted on the testnet Chaos Net.
SecretNFT provides NFT creators with watermarking, secret hiding and fuzzy custom functions to prove the uniqueness of NFT and holder verification. In the future, SecretNFT will interact with the Ternoa mobile client, which will become a platform for all Ternoa products (including the SecretNFT market) ), the app will also have its own wallet.Ternoa built a team of 30 entrepreneurs, engineers, designers and researchers, and 4 consultants with relevant experience supporting the team.CEO Mickael is the co-founder and CTO of several startups, designing and developing various smart contracts on Ethereum.
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Blocto
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Blocto project introductionBlocto is a cross-chain wallet and smart contract service platform, and it is also the first product of portto portal technology.secondary title
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In 2021, multiple public chain ecosystems began to explode. If the DeFi market in 2020 is the only one that stands out from Ethereum, then in 2021, it will be full of flowers. In addition to Ethereum, a large number of high-quality applications have begun to appear on multiple public chains, such as BSC, Polygon, Solana, Avalanche, Flow, etc., and funds have also begun to flow into these new public chains. In addition, there are some public chains with the highest market value that are ready to go. Polkadot’s parachain slot auction is about to start. Dfinity (ICP), a lightweight blockchain Mina, which hopes to create a new Internet world, has already launched the main It is foreseeable that hard-core encryption players will continue to explore these new public chains in the future. However, in addition to the public chain supporting EVM or the Ethereum Layer2 network, each public chain corresponds to a completely different user wallet and account system.
As the infrastructure of cryptocurrency, the wallet has asset management, consolidation of user group flow and diversion related functions in cryptocurrency. In the public chain ecology where a hundred flowers are blooming, the wallet must develop in a multi-chain direction in order to meet the needs of users.In addition, relying on the technical implementation of the wallet and the attributes of fund storage, the cryptocurrency wallet can naturally serve as a traffic portal for DApps, decentralized transactions, lending, fund management and other products.Expand a larger Token circulation environment by cooperating with other projects. It can also empower other projects to promote the development of the entire ecosystem.
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Why invest in Blocto?When the Flow public chain was launched on the market in January, Blocto was one of the three official wallets. Flow successfully got out of the circle with its NFT product NBATopshot, and Blocto also gained the first wave of traffic.With the development of Flow, Bloctoswap, the cross-chain DEX embedded in Blocto, is also the first DEX to support Flow.
*Note: This article is only for research discussion and information sharing, not as investment advice.
*Note: This article is only for research discussion and information sharing, not as investment advice.
ArkStream Capital is BlockArks primary market cryptocurrency fund, dedicated to promoting the growth of Web3.0 unicorns. Investment projects include Efinity, Calaxy, Pocket, HOPR, Xend, Litentry, Dora Factory, etc. The team members are from Accenture, Tencent, Google, etc. Advisors include Dr. He Jia, former director of Shenzhen Stock Exchange Research Institute, and Dr. Andy Liu, former vice president of Goldman Sachs Asia Risk Department.
Website：BlockArk.io
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