Understand the portfolio and strategy of placeholder, a fat protocol development company

Placeholder is a cryptocurrency venture capital firm with $150 million under management. Created by Chris Burniske and Joel moneygro in 2017.

Placeholder & have spent Joel Monegro is a former USV investor and inventor of the famous blockchain "fat protocol" theory. Chris Burniske is the co-author of a book called Cryptoassets that introduced the concept of NetworkValue to Transactions (NVT) to the public.

In contrast to the traditional hedge fund structures of other cryptographic investment firms, Placeholder specifically designed its own investments as venture capital so that it could invest in start-ups for more than 10 years.

According to Placeholder investment theory, this investment structure allows placeholders to "make long-term investment commitments and inject both use case and time diversity into the portfolio". This allows placeholders to invest and develop their investment theories as opportunities evolve, rather than rejigging their entire portfolios repeatedly to keep up with the many mutations in the industry.

A key strategy for placeholders is to make small investments over a four-year period, but to build strong value-added relationships with the entrepreneurs and developers they invest in.

Below is a portfolio of 14 publicly disclosed Placeholder investments in startups and agreements.

DATA from the DATA

CacheCash is a protocol that provides a distributed content delivery service, in which content providers are encouraged to create a cached dynamic network to serve other users on the network

Erasure is a fragmented market for forecasting data

Filecoin is a data storage network and IPFS marketplace

Terms & have spent Is a decentralized, location-based data marketplace

Decentralized finance

The 0x provides a protocol for developing decentralized switching

MakerDAO is a smart contract platform that issues CDPs(collateralized debt positions) to help stabilize the value of the related spread stable assets (Dai)

UMA is a decentralized financial contract platform that allows any party to form a self-executing financial contract

Manage the GOVERNANCE

Decentralized autonomous organization management application on Aragon ethereum

Open Source Coin is a platform that rewards open-source software based on its value to the community

Application development PLATFORM DAPP PLATFORM

Ethereum is a decentralized platform for running smart contracts and decentralized applications

ZeppelinOS is a platform designed to make smart contract development easier

CRYPTOCURRENCY

Bitcoin is a peer-to-peer payment and settlement network

Decred is a currency that is autonomous along the chain of hybrid consensus systems

Zcash is a cryptocurrency focused on enhancing privacy through zk-snark

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