0/ Our team is thrilled to announce the launch of the world's first on-chain NFT fund on @SyndicateDAO called "Delphi INFINFT" run by our team and @gmoneyNFT
1/ First off, INFINFT:
INF - Infrastructure || FIN - Finance || NFT
The main focus of INFINFT will be to find projects in the crypto ecosystem that promise to push the known edges of what NFT capabilities are now
These potential projects could include (but are not limited to):
2/ NFT marketplaces, DAOs, social tokens, fractionalization, NFT infrastructure, and any other new developments that may arise during the syndicate's investment cycle
We'll leverage our team's combined IP, networks, and influence to position these projects for maximum success
3/ While some believe that the NFT hype cycle is over, it’s naive to think the tech won't have lasting impact
The recent NFT boom simply laid the foundation and brought in the liquidity+talent necessary to inspire the next wave of projects that will change culture as we know it
4/ INFINFT will play its part in making that history a reality by investing ~$5M into ~20 NFT projects over the next 12 months
If you're working on something interesting in this vertical and think we can help, please reach out to @gmoneyNFT or someone else on our team!
5/ INFINFT wouldn't be possible without one of our portcos @SyndicateDAO
Syndicate enabled us to automate deposits, cap table management, and distributions via its smart contracts—and provides us with new-to-world capabilities that will set the standards for investing going fwd
6/ Delphi couldn't be more excited to be leading this effort with @gmoneyNFT and all the others involved.
It is, and always will be Delphi's top priority to push the crypto-space forward, and NFTs + their supporting financial infra are the latest area we are eager to explore.
0/ Today we looked at YFI’s current run to ATH, @Uniswap’s highest single day of volume, and the amount of $ETH in smart contracts continues to rise. 👇
1/ #Bitcoin started off 2021 with its best performance since 2013, nearly doubling over the first seven weeks of the calendar year (+98%).
Even after the end of February sell off, $BTC recorded its 5th consecutive month of gains.
2/ As we have covered before, $BTC price tends to struggle between mid February and late March. #Bitcoin price corrected ~21% over last week of February.
Thus far, BTC seems to be following a similar playbook in 2021.
@Kevin_Kelly_II illustrates why #bitcoin can no longer be ignored by investment managers on the back of its 2nd consecutive year outperforming just about every major asset class.
@mediodelphi's rigorous on-chain analysis paints the ideal setup for BTC while @Kevin_Kelly_II reaffirms several technical & macro tailwinds heading into 2021.
1/ Our must read for members this week was the all-encompassing L2 report that @Alex_Ged & our CTO @lukedelphi put together.
We spoke with all the top teams building these rollups + the projects leveraging them to answer all the q’s our clients may have. delphidigital.io/reports/layer-…
2/ @MakerDAO is the largest DeFi protocol by TVL, with over $2.5B in collateral.