Industry Insights

Avalanche is a layer-1 ecosystem that is growing in stature and popularity. While it is known for having strong technical capabilities by offering high throughput, scalability and flexibility, a more recent narrative surrounding the ecosystem is its appeal to enterprise and institutional users.

One theme that has come to prominence this year is the tokenization of real-world assets, also known as “RWA”.  Declining yields in the decentralized finance (DeFi) space have pushed crypto natives towards earning yield through traditional financial products.

In early 2022, our digital asset Fund 4 invested into the newly relaunched LimeWire. We wrote up our investment case and discussed how LimeWire was sitting at the intersection of NFTs and music.

In September, CMCC Global led the investment round in Animoca Brand’s latest metaverse project called Mocaverse. Animoca is Hong Kong’s, and the world’s, leader in blockchain gaming, NFTs, the metaverse and social blockchain applications.

One of the prominent narratives in crypto today surrounds the potential approval of a spot ETF in the US. 20 ETF applications are pending SEC approval, including applications from the largest institutional investors in the world, such as BlackRock, Fidelity, Franklin Templeton and VanEck.