March 28, 2024

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Crypto and blockchain projects are bigger than the internet

Crypto and blockchain projects are bigger than the internet

A venture capitalist created financial technology companies during the internet boom. Ensures that the blockchain is larger than the Internet

Rob Frasca He worked in many professions, including becoming a Gulf War fighter pilot and businessman during the internet boom.

“I started my first online financial service. Before that netscape s Hey ho. We have created the first stock price trading server available on the network,” he confirms.

Frasca has always been very fond of technology. With the rise of the internet, think about the implications it could have on the financial services industry.

So he started a company called Galt Technologies, which was eventually sold to gut instinct In 1995, together with mutual fund data provider named net value. Then he raised and sold two more companies to lycos s Nielsen.

Co-Founder and Managing Partner of Cosimo Ventures, Rob Frasca

Currently, he is the co-founder and managing partner of Cosimo VenturesIt is an early stage fund for projects blockchain.

He invested 13.6 million euros in various cryptocurrency projects

Frasca operates a fund called Cosimo X, which together bring together several blockchain projects in which the team has placed their trust. As of September 30, 2021, it has invested 13.6 million euros in it ($15.5 million at the current exchange rate).

What Frasca suggests is getting into projects in the beginning and maintaining them. This makes your liquidity grow and you end up making big profits. Right now, he says, everything about the blockchain is nascent and possibly undervalued.

These are his favorite projects right now:

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Casper Labs (CSPR)A Tier 1 Proof of Stake (PoS) platform that offers solutions similar to Ethereum, but faster, Frasca says. Because this platform is new, there is more room for growth potential compared to other tier 1 competitors, he adds. The initial sale of the token in March broke a record for records in Currency ListAccording to Cointelegraph.

HEDERA (HBAR)Not a blockchain, but a hashgraph that, according to the investor, can achieve similar results without inefficiencies in speed, security or cost. With a hash, once a transaction is performed on the network, all nodes reach a consensus and know where to put the transaction in the history, with 100% certainty, in just a few seconds. the Climate Foundation BlockchainHedera, a non-profit organization, cited Hedera as a more environmentally friendly crypto alternative to Bitcoin.

dusk network (dusk): Focuses on security and privacy. Although blockchains are decentralized and anonymous, they are not completely private. “It is really designed to fully or selectively protect privacy on the blockchain,” Frasca says of Dusk. “And there are many use cases where I would like to have secret smart contracts or a secret security token.”

(NDAU): A lesser-known project that does great things, expert warns. It is designed to be a long-term store of value. It also allows holders to lock in their coins to earn interest. These features help it function as a currency and not just a utility. He adds that it is an adaptive cryptocurrency: “Which means that the real money supply adapts dynamically based on the supply and demand conditions in the market. Therefore, it adds a kind of stabilizing effect.”

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Blockchin will grow exponentially along with cryptocurrency and metaverse

Blockchin will grow exponentially along with cryptocurrency and metaverse

To find out whether or not it would be interesting to dive into a project, Frasca analyzes 6 key aspects: network size (based on factors such as contract operators and wallet holders), growth speed, team, enthusiasm about the technology, how it can be used and who other investors in the project are. , as reported by Business Insider Spain.

In his opinion, “blockchain is the greatest value-creating tool in history, even greater than the Internet.”