Blockchain
Blockchain & related tech may play a pivotal role in 2022, says Kalkine Media
Welcoming 2022 with virtually the same baggage that troubled the global economy in 2021, new technological advancements and market participants in emerging tech may be the sole saviors.
Tesla stock’s growth after the onset of the pandemic and climate change as the dominating theme in all the multilateral meets shine the spotlight on clean energy stocks. Besides, blockchain, which supposedly speeds up transactions by decentralizing the network, will be a closely watched technology in 2022.
The rise of blockchain players
Aside from blockchain-based digital currencies like Bitcoin and Dogecoin, decentralized projects like Audius, a music streaming platform, are carving their path despite creating lesser noise than cryptocurrencies.
The Audius project claims to bring content creators closer to their audience by weeding out intermediaries like record labels. Many other projects are harnessing the powers of the decentralized ledger. Blockchain-based games, which combine aspects like no centralized governing authority and play-to-earn, might emerge as the disruptors in conventional gaming.
Though most analysts, including institutional players, are diving deeper into crypto assets due to their ability to return gains quickly, blockchain projects have remained a not-so-popular subject. A few projects with defined utility can boost long-term sustainability.
Decoupling of blockchain projects and cryptocurrencies
Calendar 2021 was the year where investors parked money in any project’s native token without researching much about its line of business and its operational sustainability.
The year 2022 could settle this dust, with more investors willing to take note of a project’s sustainability by weighing the odds rationally. Audius, for example, has a user base of over 6 million active monthly listeners. A blockchain game, Axie Infinity, has two million daily users entering into combats.
Adoption of distributed ledger by the wider industry
Blockchain as a technology has the potential to disrupt virtually every sector, including financial services and real estate. It brings with it a new way to record transactions that rely on peer-to-peer architecture and not any centralized authority.
Facebook (renamed Meta) forayed into blockchain with ‘Libra’ cryptocurrency project and may now use the tech to power its so-called metaverse, a fictional world.
Kalkine Media aims to step into 2022 against the above backdrop. The company is keeping a close tab on the developments in not only the popular cryptocurrency space, but also the humble blockchain technology.
Blockchain
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Blockchain
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2024-DNA Fund, the Financial Institution of the future in high-ticket emerging tech and web3 investments, has announced its acquisition of Coral Capital Holdings LLC, an established investment management firm that has previously managed millions in the DNA founders’ personal funds.
As early-stage investors in established Web3 brands and founders of some of the sector’s most notable projects, DNA and its founders have invested in or founded projects such as Tether, EOS, Mastercoin, Bancor, and Hedera Hashgraph. The acquisition will see the DNA Fund manage an additional AUM of over $50 million, which includes Coral’s high-yielde hedge funds and venture funds focused on DeFi, Al, blockchain, and other emerging technology sectors. Some of Coral’s top-performing investments include Near Protocol and Atmos Labs.
Thomas L. McLaughlin, Coral’s Chief Investment Officer, will continue in his role, managing the funds with a unique focus and strategy aimed at maximizing investor returns.
Regarding the acquisition, Christopher Miglino, CEO of DNA Fund, said. “By bringing Coral Capital under our umbrella, we are not only expanding our investment capabilities but also enhancing our ability to offer unique, high-growth opportunities to our clients. Our combined expertise allows us to navigate the complexities of the digital asset landscape and continue delivering value to our investors.”
Thomas L. McLaughlin, CIO of Coral Capital Holdings, added, “Joining forces with DNA Fund is an exciting new chapter for Coral. Our shared vision for leveraging technology to drive financial growth is perfectly aligned. Together, we are set to redefine what’s possible in digital asset investments and deliver superior results for our investors.”
Since its inception in 2021, Coral has delivered consistent returns with innovative strategies, delivering high multiples on the benchmark of the overall market cap of digital assets. Coral’s Flagship fund, initially started as a market-neutral vehicle, was rebranded in 2023 as a discretionary liquid token, surviving a number of high-volatility events, including FTX and Terra.
With a 61.6% return (net of fees) and a maximum annual drawdown of only 11.6% in FY 2022. these funds have outperformed the broader digital asset market. Over a similar period, Bitcoin returned 36.7%.
Through this acquisition, DNA Fund also aims to capitalize on the growing interest from institutional investors and expand into several new verticals over the coming year, including a Bitcoin & Ether Yield Fund, as well as more speculative funds focused on Al, memecoins and microcaps.
The post DNA Fund Acquires Coral Capital; Adds $50M AUM in Web3 & Emerging Tech appeared first on HIPTHER Alerts.
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