Multicoin Capital's portfolio map is open, with BNB and Augur listed
Multicoin Capital is a cryptographic hedge fund founded in 2017 by Kyle Samani and Tushar Jain. Multicoin believes blockchain technology will change our financial system. A decentralised system would open the way for unlicensed innovation that they believe our current centralised institutions cannot deliver.
Tushar outlined how he believes the industry has a very promising future. He said this could be done by using the current gold and fiat currency markets to reduce real estate, stocks, and debt in currencies, replacing offshore bank accounts, securing the world's assets, and the new economic activity these technologies would bring.
In 2018, the entire industry experienced a sharp drop in prices. While Multicoin also experienced losses, the fund managed much smaller losses and outperformed the market. By contrast, bitcoin fell 74% in 2018, while Multicoin reduced its losses to 33% over the same period.
So far, Multicoin Capital has made 17 known investments, divided into six subcategories, and currently has two open long positions in BNB and Augur. The following is its investment strategy chart:
scalability
Skale Lab developed a layer 2 extension solution for the blockchain by using side chains
Coda is building a platform to address the block chain scalability dilemma by using zero-knowledge proof
Kadena is intended to be an extensible private blockchain
infrastructure
Keep Network is developing a privacy solution for the public blockchain
RightMesh is a mesh network protocol that allows users to share bandwidth, data, and storage in a point-to-point manner using block chain technology
Tari is a platform for users to create programmable digital assets
Starkware is developing scalability and privacy solutions for blockchain
The capital market
Bakkt is a bitcoin futures exchange
Tagomi is a cryptographic asset broker
Cryptocurrency assets
Mobilecoin aims to be a privacy-conscious cryptocurrency that is easy to use on mobile devices and can be integrated into messaging apps such as WhatsApp and Signal
Binance Coin (BNB) is a token on the exchange
Augur (REP) is a decentralized prediction market protocol based on ethereum
Other Other
Livepeer is a platform for developers to create live or on-demand video
Spring Labs is a decentralized identity and credit network
The Graph is a query protocol that makes it easier and more efficient for decentralized applications to extract data
DAOPP platform & have spent
Algorand is an extensible, secure, decentralized digital currency and trading platform
DFINITY is a decentralized computing platform
Nervos is an interoperable protocol network for enterprises to build and deploy decentralized applications
Solana is a decentralized platform designed to address diffused issues through PoH(historically proven) consensus mechanisms
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