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Two investment experts have worked together to create a crypto hedge fund that jumps into the bear market of its co-founder industry. James Ho He said he believes it will be “one of the most innovative technologies” in his career.
With ho Vincent Zhou They revealed on Monday that they are co-founders of Modular Capital and will invest in liquid tokens, the DeFi protocol, and other segments of crypto space.
Ho recently worked as a principal at Altimeter Capital, focusing on public and private investment in the fintech and crypto sector. Prior to that, he spent about four years at DE Shaw Group investing in industries such as fintech, payments, media and telecommunications.
Prior to co-founding Modular Capital, Jow had made similar investments in New York-based Holocene Advisors since 2017.
Ho told Blockworks that more cryptocurrency use cases have emerged in recent years, and that the growth of DeFi (decentralized finance) and the underlying protocols of the sector are beginning to resemble real businesses. ..
“All of this was really interesting to us in terms of thinking about how we have this rich and growing ecosystem that we think is still in its infancy.” Ho said. “I think cryptocurrencies will be even bigger in the next five or ten years.”
Modular Capital has raised $ 20 million from backers such as Multicoin Capital, ParaFi Capital, Road Capital and Ledger Prime.
Modular Capital is set to include 10 to 20 core positions in its portfolio, and DeFi (what Ho calls decentralized open finance) is an important focus.
“In many ways, I think we’ll be building a traditional financial stack on more modern and unreliable rails,” he said.
The company also seeks to invest in primitives that enable applications to build richer experiences for users, such as Layer 1 and Layer 2 blockchains and various Web3 infrastructure tools.
Ho said the company also monitors the role of NFTs and expects them to be incorporated into various experiences to unleash certain features of the owner.
“Obviously, basic profile pictures and JPEGs were our first forays last year, but I think we’ll see something more interesting when it comes to music, content, concerts, tickets and games,” he said.
Cryptographic token prices have plummeted in recent months, and space companies are tackling liquidity issues, so they’re on sale.
The bear market continues to struggle with the following companies after the collapse of Terra’s algorithmic stablecoin and LUNA tokens in May: Three Arrows Capital, Voyager Digital When Celsius..
The co-founder of Modular Capital said he quit his full-time job in March and plans to launch for a few months, saying he and Jow didn’t expect to launch into the bear market. rice field.
“In reality, I think cryptocurrencies were executed well before themselves,” Ho said. “By the end of last year, there were a lot of bubbles in the ecosystem. There were a lot of things that didn’t fit into the real product market, with only a lot of subsidies and no real organic demand. . “
However, the industry has seen “many of its air come out of the ecosystem” in recent months, co-founders added, and many protocols have now reached a more realistic reputation. I pointed out that.
Modular Capital was initially intended to be patient with the pace of capital development and may aim to increase its exposure in the next 3-9 months.
“We aren’t trying to infer monthly or even quarterly price behavior for most of these protocols,” Ho explained. “We are generally trying to think [whether] These will be real, durable businesses over the years. “
As cryptocurrencies have recently learned traditional financial lessons “in speedruns,” Ho said the rules for unsecured lending will be stricter and investors will be more skeptical about algorithms. Stablecoin..
“Many of these [events] We will continue to strengthen and make the ecosystem more robust, “he said. “I think there are still more shoes out of balance this year, but in general, the market is definitely pretty much reset and we can start a fund.”
Deliver the day’s top cryptocurrencies and insights to your inbox every night. Subscribe to Blockworks’ free newsletter now.
Two investment experts have worked together to create a crypto hedge fund that jumps into the bear market of its co-founder industry. James Ho He said he believes it will be “one of the most innovative technologies” in his career.
With ho Vincent Zhou They revealed on Monday that they are co-founders of Modular Capital and will invest in liquid tokens, the DeFi protocol, and other segments of crypto space.
Ho recently worked as a principal at Altimeter Capital, focusing on public and private investment in the fintech and crypto sector. Prior to that, he spent about four years at DE Shaw Group investing in industries such as fintech, payments, media and telecommunications.
Prior to co-founding Modular Capital, Jow had made similar investments in New York-based Holocene Advisors since 2017.
Ho told Blockworks that more cryptocurrency use cases have emerged in recent years, and that the growth of DeFi (decentralized finance) and the underlying protocols of the sector are beginning to resemble real businesses. ..
“All of this was really interesting to us in terms of thinking about how we have this rich and growing ecosystem that we think is still in its infancy.” Ho said. “I think cryptocurrencies will be even bigger in the next five or ten years.”
Modular Capital has raised $ 20 million from backers such as Multicoin Capital, ParaFi Capital, Road Capital and Ledger Prime.
Modular Capital is set to include 10 to 20 core positions in its portfolio, and DeFi (what Ho calls decentralized open finance) is an important focus.
“In many ways, I think we’ll be building a traditional financial stack on more modern and unreliable rails,” he said.
The company also seeks to invest in primitives that enable applications to build richer experiences for users, such as Layer 1 and Layer 2 blockchains and various Web3 infrastructure tools.
Ho said the company also monitors the role of NFTs and expects them to be incorporated into various experiences to unleash certain features of the owner.
“Obviously, basic profile pictures and JPEGs were our first forays last year, but I think we’ll see something more interesting when it comes to music, content, concerts, tickets and games,” he said.
Cryptographic token prices have plummeted in recent months, and space companies are tackling liquidity issues, so they’re on sale.
The bear market continues to struggle with the following companies after the collapse of Terra’s algorithmic stablecoin and LUNA tokens in May: Three Arrows Capital, Voyager Digital When Celsius..
The co-founder of Modular Capital said he quit his full-time job in March and plans to launch for a few months, saying he and Jow didn’t expect to launch into the bear market. rice field.
“In reality, I think cryptocurrencies were executed well before themselves,” Ho said. “By the end of last year, there were a lot of bubbles in the ecosystem. There were a lot of things that didn’t fit into the real product market, with only a lot of subsidies and no real organic demand. . “
However, the industry has seen “many of its air come out of the ecosystem” in recent months, co-founders added, and many protocols have now reached a more realistic reputation. I pointed out that.
Modular Capital was initially intended to be patient with the pace of capital development and may aim to increase its exposure in the next 3-9 months.
“We aren’t trying to infer monthly or even quarterly price behavior for most of these protocols,” Ho explained. “We are generally trying to think [whether] These will be real, durable businesses over the years. “
As cryptocurrencies have recently learned traditional financial lessons “in speedruns,” Ho said the rules for unsecured lending will be stricter and investors will be more skeptical about algorithms. Stablecoin..
“Many of these [events] We will continue to strengthen and make the ecosystem more robust, “he said. “I think there are still more shoes out of balance this year, but in general, the market is definitely pretty much reset and we can start a fund.”
Deliver the day’s top cryptocurrencies and insights to your inbox every night. Subscribe to Blockworks’ free newsletter now.
Two investment experts have worked together to create a crypto hedge fund that jumps into the bear market of its co-founder industry. James Ho He said he believes it will be “one of the most innovative technologies” in his career.
With ho Vincent Zhou They revealed on Monday that they are co-founders of Modular Capital and will invest in liquid tokens, the DeFi protocol, and other segments of crypto space.
Ho recently worked as a principal at Altimeter Capital, focusing on public and private investment in the fintech and crypto sector. Prior to that, he spent about four years at DE Shaw Group investing in industries such as fintech, payments, media and telecommunications.
Prior to co-founding Modular Capital, Jow had made similar investments in New York-based Holocene Advisors since 2017.
Ho told Blockworks that more cryptocurrency use cases have emerged in recent years, and that the growth of DeFi (decentralized finance) and the underlying protocols of the sector are beginning to resemble real businesses. ..
“All of this was really interesting to us in terms of thinking about how we have this rich and growing ecosystem that we think is still in its infancy.” Ho said. “I think cryptocurrencies will be even bigger in the next five or ten years.”
Modular Capital has raised $ 20 million from backers such as Multicoin Capital, ParaFi Capital, Road Capital and Ledger Prime.
Modular Capital is set to include 10 to 20 core positions in its portfolio, and DeFi (what Ho calls decentralized open finance) is an important focus.
“In many ways, I think we’ll be building a traditional financial stack on more modern and unreliable rails,” he said.
The company also seeks to invest in primitives that enable applications to build richer experiences for users, such as Layer 1 and Layer 2 blockchains and various Web3 infrastructure tools.
Ho said the company also monitors the role of NFTs and expects them to be incorporated into various experiences to unleash certain features of the owner.
“Obviously, basic profile pictures and JPEGs were our first forays last year, but I think we’ll see something more interesting when it comes to music, content, concerts, tickets and games,” he said.
Cryptographic token prices have plummeted in recent months, and space companies are tackling liquidity issues, so they’re on sale.
The bear market continues to struggle with the following companies after the collapse of Terra’s algorithmic stablecoin and LUNA tokens in May: Three Arrows Capital, Voyager Digital When Celsius..
The co-founder of Modular Capital said he quit his full-time job in March and plans to launch for a few months, saying he and Jow didn’t expect to launch into the bear market. rice field.
“In reality, I think cryptocurrencies were executed well before themselves,” Ho said. “By the end of last year, there were a lot of bubbles in the ecosystem. There were a lot of things that didn’t fit into the real product market, with only a lot of subsidies and no real organic demand. . “
However, the industry has seen “many of its air come out of the ecosystem” in recent months, co-founders added, and many protocols have now reached a more realistic reputation. I pointed out that.
Modular Capital was initially intended to be patient with the pace of capital development and may aim to increase its exposure in the next 3-9 months.
“We aren’t trying to infer monthly or even quarterly price behavior for most of these protocols,” Ho explained. “We are generally trying to think [whether] These will be real, durable businesses over the years. “
As cryptocurrencies have recently learned traditional financial lessons “in speedruns,” Ho said the rules for unsecured lending will be stricter and investors will be more skeptical about algorithms. Stablecoin..
“Many of these [events] We will continue to strengthen and make the ecosystem more robust, “he said. “I think there are still more shoes out of balance this year, but in general, the market is definitely pretty much reset and we can start a fund.”
Deliver the day’s top cryptocurrencies and insights to your inbox every night. Subscribe to Blockworks’ free newsletter now.
Two investment experts have worked together to create a crypto hedge fund that jumps into the bear market of its co-founder industry. James Ho He said he believes it will be “one of the most innovative technologies” in his career.
With ho Vincent Zhou They revealed on Monday that they are co-founders of Modular Capital and will invest in liquid tokens, the DeFi protocol, and other segments of crypto space.
Ho recently worked as a principal at Altimeter Capital, focusing on public and private investment in the fintech and crypto sector. Prior to that, he spent about four years at DE Shaw Group investing in industries such as fintech, payments, media and telecommunications.
Prior to co-founding Modular Capital, Jow had made similar investments in New York-based Holocene Advisors since 2017.
Ho told Blockworks that more cryptocurrency use cases have emerged in recent years, and that the growth of DeFi (decentralized finance) and the underlying protocols of the sector are beginning to resemble real businesses. ..
“All of this was really interesting to us in terms of thinking about how we have this rich and growing ecosystem that we think is still in its infancy.” Ho said. “I think cryptocurrencies will be even bigger in the next five or ten years.”
Modular Capital has raised $ 20 million from backers such as Multicoin Capital, ParaFi Capital, Road Capital and Ledger Prime.
Modular Capital is set to include 10 to 20 core positions in its portfolio, and DeFi (what Ho calls decentralized open finance) is an important focus.
“In many ways, I think we’ll be building a traditional financial stack on more modern and unreliable rails,” he said.
The company also seeks to invest in primitives that enable applications to build richer experiences for users, such as Layer 1 and Layer 2 blockchains and various Web3 infrastructure tools.
Ho said the company also monitors the role of NFTs and expects them to be incorporated into various experiences to unleash certain features of the owner.
“Obviously, basic profile pictures and JPEGs were our first forays last year, but I think we’ll see something more interesting when it comes to music, content, concerts, tickets and games,” he said.
Cryptographic token prices have plummeted in recent months, and space companies are tackling liquidity issues, so they’re on sale.
The bear market continues to struggle with the following companies after the collapse of Terra’s algorithmic stablecoin and LUNA tokens in May: Three Arrows Capital, Voyager Digital When Celsius..
The co-founder of Modular Capital said he quit his full-time job in March and plans to launch for a few months, saying he and Jow didn’t expect to launch into the bear market. rice field.
“In reality, I think cryptocurrencies were executed well before themselves,” Ho said. “By the end of last year, there were a lot of bubbles in the ecosystem. There were a lot of things that didn’t fit into the real product market, with only a lot of subsidies and no real organic demand. . “
However, the industry has seen “many of its air come out of the ecosystem” in recent months, co-founders added, and many protocols have now reached a more realistic reputation. I pointed out that.
Modular Capital was initially intended to be patient with the pace of capital development and may aim to increase its exposure in the next 3-9 months.
“We aren’t trying to infer monthly or even quarterly price behavior for most of these protocols,” Ho explained. “We are generally trying to think [whether] These will be real, durable businesses over the years. “
As cryptocurrencies have recently learned traditional financial lessons “in speedruns,” Ho said the rules for unsecured lending will be stricter and investors will be more skeptical about algorithms. Stablecoin..
“Many of these [events] We will continue to strengthen and make the ecosystem more robust, “he said. “I think there are still more shoes out of balance this year, but in general, the market is definitely pretty much reset and we can start a fund.”
Deliver the day’s top cryptocurrencies and insights to your inbox every night. Subscribe to Blockworks’ free newsletter now.
