EthCC Recap

VeradiVerdict - Issue #207

July 28, 2022

Last week, I was able to speak at the VC track of The Ethereum Community Conference, EthCC, the largest annual European Ethereum event, located in Paris.

You can watch/listen to my presentation in the below video where I run through a bit of background on Pantera, our theses, our platform, and how entrepreneurs can tackle this crypto winter.

The VC track consisted of 30 startup pitches which comprised of mostly infrastructure startups, example spaces include data, insurance, wallet, cross-chain, climate, dev tooling, and security.

Within the general conference itself, the entrepreneurs were excited to be building in a bear market and looking to network in an overcapacity crowd.

Pantera hosted an intimate dinner with top founders and investors on a terrace overlooking the Eiffel Tower (pic below).

Lastly, I was able to end the week with a fun discussion with the folks at SCB 10x on the current state of the crypto market and how to navigate it as an investor, see video below.

- Paul Veradittakit

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DIGESTS

The insolvent crypto lender may not have been as blatantly criminal as the infamous BitConnect pyramid scheme, but the parallels should have drawn more regulatory scrutiny.

Sports bettors eagerly await a blockchain-powered sports betting service with audited smart contracts, user-friendly policies, low commissions and fees – and meaningful volume.

NEWS

Meta reported revenue of $452 million for the division, down from $695 million in the first quarter.

Its president said the company won’t be charging trading fees or use a Robinhood-like payment for order flow business model.

REGULATION

Bringing crypto and NFTs under the country’s personal property laws could protect investors against losses through hacks and system failures, the commission says.

Rep. Maxine Waters has formally shifted the negotiation until after the summer congressional recess, she said in a statement.

IN THE TWEETS

NEW PRODUCTS AND HOT DEALS

Abacus Life Settlements, a buyer of life insurance policies in the United States, has teamed up with BlockCerts to introduce blockchain-enabled insurance and longevity-related assets.

The Central African Republic (CAR), a landlocked country in Central Africa, rolled out the launch and sales of its national cryptocurrency called “Sango Coin” on Monday, July 25, as planned.

LETS MEET UP

Los Angeles, September 1-5

NEARCON, Lisbon, September 11-14

Pantera Asia Blockchain Summit, Singapore, September 27

TOKEN2049, Singapore, September 28-30

Walks and coffee meetings in San Francisco throughout the year!

ABOUT ME

Hi, I’m Paul Veradittakit, a Partner at Pantera Capital, one of the oldest and largest institutional investors focused on investing in blockchain companies and cryptocurrencies. I’ve been in the industry since 2014, and the firm invests in equity, early stage token projects, and liquid cryptocurrencies on exchanges. I focus on early-stage investments and share my thoughts on what’s going on in the industry in this weekly newsletter.