Industry Insights

Bitcoin has had a phenomenal start to 2023, with the asset up over 70% year-to-date. It is outperforming the rest of the crypto market and is benefiting from both an old and new narrative.

On 12^th April, Ethereum underwent the long-awaited Shanghai upgrade, completing its transition to proof of stake and signalling that the age of staking is truly upon us. The migration to proof of stake has taken Ethereum several years to complete and this upgrade is the most anticipated since Ethereum underwent “the Merge” in September 2022.

The state of crypto regulation is fragmented, which may localize innovation and impact regional investment returns. This month we will investigate these global discrepancies and explore how to take advantage of the evolving regulatory landscape.

This month we are thrilled to announce that we have led a fundraising round into an exciting new platform called Ajuna, which is well-positioned to become a major player in the blockchain gaming ecosystem. Ajuna makes it simple for game developers to launch digital gaming assets on-chain. The platform integrates with Unity and Unreal Engine (the two dominant gaming engines used by game developers), and the network is a parachain on Polkadot, interoperating with the Polkadot ecosystem. We foresee hundreds of millions of users being onboarded into crypto through blockchain based games and Ajuna can make that adoption a reality. This month we will outline our investment thesis for Ajuna.

With the loss of customer funds at FTX, crypto custody is front of mind for many digital asset investors. This month we wanted to offer our view on the state of crypto custody. We will outline the different options available to investors and provide an overview of the strengths and weaknesses of each approach.