Decentralized fund specialized for NFT, cryptocurrency research company Delphi Digital launched on-chain
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May 16, 2021Delphi Digital, which deals with cryptocurrency research and consulting, announced that it has partnered with Syndicate, a decentralized investment protocol, to launch a fund targeting NFT (non-replaceable token)-related projects in an on-chain manner. did. Coinpost reported this on the 15th.
The fund name is’DELPHI INFINFT’, and Delphi’s presentation focuses on “finding a project that can remove the limitations of the current NFT in the cryptocurrency ecosystem”, and continued as follows.
“Some may believe that the NFT’s hype cycle is over, but it’s too simple to think that this technology doesn’t have a lasting impact.”
Specific areas of investment include NFT marketplace, NFT infrastructure, and social tokens, but are not necessarily limited thereto. It also invests an average of $250,000 per project, three to five each month. Delphi Digital and G-Money say they will fund projects that create NFTs and develop NFT technologies that can improve the ecosystem.
The fund is run by Delphi’s team and cryptocurrency investors who work under the name of Gmoney. In addition, IDEO CoLab Ventures, who led Syndicate’s seed round financing, and other prominent NFT investors are supporting the fund.
Anil Lula, co-founder and COO of Delphi Digital, said, “The on-chain method enables automation of deposits, cap tables (capital policy tables), distribution, fund management, and reporting. It will make the investments we are making transparent for others to see.”
(Delphi Digital is able to understand the relationship between the relationship between the relationship and the relationship between the relationship and the performance of the analysis.
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Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.
