Cap3 on BlockTribune: Traditional Investors Are Still High on NFT Projects: Three $1B+ Projects That Tell You Why
The traditional investment world is diving deeper into crypto. The recent announcement of Coinbase and BlackRock’s partnership is the latest — and perhaps most significant — sign that capital providers and blockchain-based companies are becoming increasingly open to working with each other.
Cryptocurrencies, exchanges, and new blockchains are no strangers to working with venture capital firms in 2022. However, the greater Web3 movement that includes the new(ish) world of non-fungible tokens (NFTs), decentralized apps (dApps), play-to-earn (P2E) gaming, new virtual reality applications, among others is still working out its relationship with the traditional investment world.
“Web3” is a flexible term, but broadly speaking it’s used as a catch-all that encompasses any project or entity that has some fundamental relationship with blockchain technology or iteration of virtual reality.
Like all new spaces, investors began taking a keener interest in Web3 opportunities as profitable, fundamentally sound business models began to prove themselves.
We’ll take a look at a few examples...