Venture capitalist thinks Web3 will transform wealth
MIAMI, March 25, 2022 /PRNewswire-PRWeb/ — Capital of the first block LLC, (“FirstBlock Capital”) led by a venture capitalist Pierre Janssen, announced its new focus on investing in cryptocurrency and digital assets. It plans to deploy capital in blockchain and digital asset start-ups and public tokens. With the rise of cryptocurrencies, he believes this is a timely investment opportunity.
Cryptocurrency is a new form of currency representing disruptive technology, liquid public markets, and programmable blockchains. Navigating this space requires an approach that operates at the intersection between cryptography, game theory, and network economics.
Based on Janssen’s research, he believes that cryptocurrencies and blockchain technology are revolutionizing the way people interact with the digital world. FirstBlock Capital believes it is at the forefront of this movement and well positioned to capitalize on this volatile ecosystem. As the founder of FirstBlock Capital, Janssen has over 10 years of experience in venture investing, trading and portfolio management. He was initially interested in Bitcoin and cryptocurrency, but quickly realized its potential was more than just a fad and could change the way money is viewed forever.
“I’m very excited to shift my focus and deploy my strategy in this nascent asset class,” Janssen said. “I believe Web3 is the future and will create the greatest wealth transformation of our lifetime. Crypto/blockchain is still in its infancy, and I am ready to dedicate my career to helping grow this digital asset class. globally connected.”
Web3 is often used to discuss decentralized applications (DApps) and the blockchain ecosystem. This refers to the idea that there should be a global Web3 infrastructure in which all DApps can interact. This would allow things like transparent cryptocurrency payments and data sharing between different DApps. Web3 is still in its infancy, but many projects and investors are already working on building this infrastructure, including FirstBlock Capital.
The future is now and it’s not just the technology that has changed, but also the way people work with each other. According to The World Economic Forumthe blockchain will store 10% of the world’s GDP by 2027, which means 8 trillion dollars value in 5 years. This figure represents an increase from the current crypto market capitalization. Companies are investing heavily in researching this new technology, and 81 of the top 100 listed companies are researching or already using cryptocurrency and blockchain technology.
“The scale of this industry speaks to the scale of the opportunity before us: crypto is not only the future of finance but, as with the internet in its early days, it is about to transform all aspects of our lives,” Janssen said. “We believe blockchain will be the next evolution of the internet. That’s because it makes all kinds of transactions, data, and information decentralized and immutable, and relays and stores them more efficiently and cheaply. We seek to invest and partner in paradigm-building projects – transferring technologies from the earliest stages to and through the liquid market journey.”
For more information, visit http://www.firstblockcap.com.
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SOURCE FirstBlock Capital