The founder of crypto fund 1confirmation released his year-end LP letter, confirming that he still holds large stakes and tokens in projects like Ethereum and OpenSea

Nick Tomaino, founding partner of crypto fund 1confirmation, posted his year-end LP letter to social media on January 11, stating, 1confirmation Fund I and Fund II, which distributed $119 million in cash to partners, still hold significant stakes and tokens in Ethereum, OpenSea, Cosmos, dYdX, SuperRare and other projects. In addition, Fund I now has a net distribution of 4.47 times paid-up capital (DPI) and an internal rate of return (IRR) of 144.28%; Fund II now has a net distribution of 1.2 times paid-up capital (DPI) and an internal rate of return (IRR) of 173%. Fund III and the NFT Fund have made 15 new investments, with 25 per cent of the NFT Fund's capital deployed.