DFG founder James Wo explains why he believes Polkadot is “way ahead of the curve”


James Wo based Digital Finance Group (DFG) in 2015. The agency is self-funded by James and at present it has property underneath administration of over $1 billion. DFG targeted on blockchain fairness and token funding– with a portfolio that ranges from Layer 1, Layer 2, Web3, CeFi, DeFi, NFTs, and past.

DFG is among the many first crypto VCs to undertake fairness funding and made an early guess on a few of the most outstanding corporations–together with Circle, LedgerX, Coinlist, 3iQ, Amber Group, to call a couple of.

In the meantime, James additionally serves because the board and committee member of the Chamber of Digital Commerce and acts as Chairman at UAE Licensed Matrix Alternate.

The DFG founder and CEO broke down his funding thesis whereas revealing which tasks, in his opinion, have what it takes to construct the Web3 future.

Give attention to the long-term progress of the tasks

In February, DFG launched an exclusivePolkadot fund–targeted solely on DOT ecosystem growth and growth.

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Forward of the launch of Polkadot parachain auctions, DFG reaffirmed its position as a significant strategic investor within the ecosystem–contributing 500,000 DOT to Acala, 500,000 DOT to Efinity and 300,000 DOT to Astar,crowdloans.

“We imagine that we’re investing in additional than only a challenge, we’re wanting on the workforce and the way they’re constructing a beneficial answer that may shift the best way we see and use the online,” mentioned James, when requested about how Polkadot crowdloan assist enhances DFG’s seed and personal spherical commitments, in addition to investing on the secondary market.

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“So mainly, as soon as we take part in a funding spherical we’re taking a look at it with our long-term glasses and by supporting them in occasions reminiscent of crowdloans or snatching up undervalued tokens within the secondary market, we’re empowering them to give attention to mentioned options whereas lowering the stress of checking on their ranges of funding”–he broke down his Polkadot funding technique, noting that the top aim is to assist create an atmosphere for his or her accomplice tasks to succeed.

Who is prepared for the Web3 future?

When requested who’re, in his opinion, the largest opponents on the market–leveraging scalability and interoperability wanted for Web3, James answered he undoubtedly believes that Polkadot is “method forward of the curve.”

“We’ve solely simply begun with crowdloans that may end result within the first batch being onboarded this December, so 2022 will probably be much more thrilling in relation to really having customers profit from a few of the superb platforms and options that may start to work on Polkadot,” mentioned James, including that it’s nonetheless early for Polkadot–because the adoption potential is but to unravel.

Nevertheless, James added that “by way of competitors, it might be ingenious to not speak about Ethereum, which has the monitor file and is working in direction of scalability and interoperability with ETH2.0, whereas having a whole bunch of service suppliers efficiently operating on prime of their blockchain.”

“However till then, we’re witnessing superb progress in various protocols reminiscent of Solana, Avalanche, NEAR or Cosmos which might be already actively working with scalability and interoperability as one in all their founding ideas,” he concluded.

Investing in Web3 infrastructure

In keeping with his perception that the longer term will probably be outlined by Web3, James is taking a look at future use instances, and past–investing into infrastructure innovation.

Pitching in $1.5 million, DFG just lately led the seed spherical for Rivet–aimed toward rising the workforce, in addition to product and repair growth.

Rivet affords a privacy-first node service–leveraging quick, correct, and dependable connectivity to the Ethereum blockchain.

“We’re wanting on the business with long-term glasses and that’s why our funding thesis has been so profitable,” mentioned James about being looking out for “options that everybody will probably be utilizing, however not essentially seeing within the upcoming a long time.”


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