What this billion dollar crypto VC thinks about blockchain gaming and the metaverse

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Episode 71 of Season 3 of The Scoop was recorded remotely with The Blocks Frank Chaparro and Adam Goldberg, co-founder of Standard Crypto.

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We are not investors in art. We invest in things that have communities

In this episode of The Scoop, Standard Crypto co-founder Adam Goldberg joined host Frank Chaparro to discuss his work as a VC crypto and how his company views the DeFi market in a non conventional.

Standard Crypto is worth $ 1 billion, according to a source close to the fund.

Today, their investment team is mainly focused on projects in three areas: infrastructure, networks and applications. So far, Standard Crypto has invested in large companies like OpenSea, Axie Infinity, Matrixport, Aave, and Telegram, among others. The company also has stakes in projects such as Audius, BitClout / Deso and Instadapp.

Goldberg defined Standard Crypto’s focus on the types of investments that have the capacity to execute and build community.

“When you have a network that is owned by its participants, the rules can’t change without the community on board. And that’s what makes us feel like crypto networks are the hardest thing to disrupt. that we have ever seen in humanity, in that they evolve with their communities as things change and evolve over time, ”said Goldberg.

The game and the metaverse in focus

Goldberg told Chaparro that Standard Crypto is actively looking for companies that advance crypto social and gaming projects. He sees the metaverse convergence of games and in-game savings as a new kind of development different from the gameplay itself.

I think with the metaverse, something really, really interesting is that we’ve seen this trend where now in-game savings and in-game assets, and that now extends beyond gaming, are quite distinct from the game mechanics. Goldberg says. “You know, Axie isn’t just a game, it’s a new movement. It’s kind of like a new generation of Pokémon or Angry Birds. And it’s possible that we can see, you know, movies or other types of experiences built around that PI. “

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Standard Crypto is also taking a close look at NFTs, which Goldberg said he sees many opportunities to capture value as new types of productive assets. Standard Crypto are current investors in the NFT OpenSea and Foundation markets.

Goldberg compared the opportunities of the metaverse to how traditional holding companies hold businesses for their cash flow. We think there will be opportunities that look like holding companies, you know, a Berkshire Hathaway of the metaverse, if you will, that generate cash flow and own a number of these productive assets. In the old world it was about businesses, but today the assets themselves can be productive. And I think when you kind of think of NFTs, they can really be so many things, right? It started out as an art and has grown into art and culture and, you know, strengths of the gaming economy. And we’re seeing that quickly expand into more things. “

2021 The Block Crypto, Inc. All rights reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial or other advice.

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