OP Crypto Capital Management Ltd. aims to, which has just launched its $ 25 million investment fund, aims to play a more active role in the life cycle of blockchain-related startups, from games to Web 3.0. David Gang, the former CEO and founder of Huobi, told Cointelegraph about the transition from his previous company, the growth potential of the cryptocurrency area and the role his organization will play in creating the next generation of cryptocurrency startups.
After more than three years at Huobi Ventures and Huobi Labs, Jang has gone straight into his new role, he said. One of the most important drivers behind the creation of the new fund was greater flexibility and independence in investment decisions. “In my previous company, with the number of employees growing to 2000, it was very difficult to move quickly given the rapid pace of innovation in the cryptocurrency industry,” he explained.
He added that the bullish Bitcoin (BTC) secular market and widespread institutional adoption of digital assets made the perfect time to separate a new investment fund.
Increase startup support
Venture capital funds have poured billions into the start-up of crypto and blockchain alone this year, underlining the belief that digital assets could seriously disrupt the global economy. The Ghana Fund seeks to differentiate itself from other venture capitalists by providing operational support before and after the termination of the agreement. To help with the process, OP Crypto Capital has hired marketing and operations specialists from Huobi, Binance, OKEx and other exchanges. Projects financed through OP Capital can also gain additional liquidity opportunities through coin offers, smart contract revisions and institutional implementation.
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Show the true value of web 3
Asked about the value proposition of Web3, a broad concept that describes third-generation Internet services, Gan said that blockchain technology is revolutionizing the way network data is stored, processed and managed. He described the emergence of a “one-size-fits-all government” to handle data that would allow charge directly on the Internet. He further explained:
“This allows us to send copy-protected files, enabling genuine peer-to-peer transactions without intermediaries. Essentially, Web 3 gives people a new way to use the Internet without sacrificing privacy and valuable information. ”
Although the company does not disclose the projects it seeks to finance, the emergence of the interconnected world of Web 3 is at the heart of investment decisions. This includes financing projects that build a bridge between centralized financing, DeFi and the so-called metaverse.
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Evaluation of cryptocurrency economics
One of Ghana’s boldest predictions is that gaming will be the first to bring 100 million users into the cryptocurrency market. The intersection between gaming and cryptocurrency is gaining momentum even in the traditional worlds thanks to the increase in the number of non-fungal tokens that have paved the way for true ownership of digital goods that are increasingly used on gaming platforms.
“We believe that virtual communities, especially gaming communities, will be ubiquitous, and we strive to develop a healthy sense of community, place and purpose as a means to offer, not just an escape,” Gan said, noting that about a third of the world population can in a way be attributed to players. or another.
He also explained that 41.9 million players own cryptocurrencies, according to a Newswagg study, and 38% of them are millennials between 21 and 38 years old. He continued:
“Millennials own 55% of all crypto assets, compared to 5% of all millennials, which shows that players are more likely to own crypto than the average person. Eighty percent of crypto players are also interested in using cryptocurrency. buy games and items in the game. ”