Pantera Capital’s CEO suggests blockchain progress will proceed regardless of financial turmoil
The financial panorama could appear dire in the mean time, but it surely’s unlikely to have an effect on blockchain improvement, in accordance to Pantera Capital CEO Dan Morehead. In an interview for Actual Imaginative and prescient on Thursday, the enterprise capitalist mentioned that he believes blockchain expertise will carry out based mostly by itself fundamentals, whatever the situations indicated by conventional threat metrics:
Throughout the first half of this 12 months, Pantera Capital raised about $1.3 billion in capital for its blockchain fund, with a particular emphasis on scalability, DeFi and gaming tasks. “We have been very centered on DeFi the previous couple of years, it is constructing a parallel monetary system. Gaming is coming on-line now and we’ve a pair hundred million individuals utilizing blockchain. There’s quite a lot of actually cool gaming tasks, and there nonetheless are quite a lot of alternatives within the scalability sector,” he added.