On maple block capital, we have put all our attention on the blockchain. However, for those outside the industry, it might be difficult to understand the reasoning behind such a choice. In simple words, a blockchain is a database with a shared global state that can be validated by all parts of the network. This simple property allows blockchain to have far-reaching potential in allowing people to settle transactions globally without any permission or counterparty risk. This becomes incredibly important because it is the only method, developed so far, that we can use to manage a global economic system through the Internet. Thus, blockchain allows us to add a “money” layer and a “verification” layer to the Internet and ushers in a new era for the web.
Let us further analyze the applications and possibilities of blockchain:
1. The first application of blockchain technology was Bitcoin. Bitcoin has all the properties of being global, fast, permissionless, and works without counterparties; however, what is interesting is that Bitcoin was designed as a fixed supply digital asset, after the financial crisis of 2008. Therefore, the programmability of the blockchain allows the creation of different financial products that reflect the real world. The case of Bitcoin reflects the store of value properties of gold, however, different blockchains have different properties with the same basic principles.
2. Newer blockchains with the ability to run smart contacts have taken this disruption further, allowing use cases like trading, lending, micropayments, insurance, options, and other financial primitives to run on the blockchain as well. This is a massive disruption because it gives the average, unbanked third world person access to participate in the same economic system as everyone else, creating a more level playing field and opportunities to make money.
3. Our core thesis is also based on the idea that betting big on deep tech is always a good bet. If we weren’t looking at blockchain, we would still be investing our time in cutting-edge technology like AI, quantum computing, advanced health technology, and electronic vehicles. This is because, in our observation, a new wave of technology has the biggest role in creating new kings of any generation. Today’s blockchain space reflects the early days of the Internet in both users and speculation and has shown tremendous growth in recent years.
4. Earlier in this article, we described blockchain as the foundation for a layer of “money” on the Internet. While that is true for early blockchain applications like Bitcoin, a better abstraction to describe the blockchain would be an “ownership verification” layer. What this means is that newer blockchains allow us to build an infrastructure to verify ownership of anything digital on the internet. The most common popular application of this technology is NFTs. NFTs have far-reaching implications for the monetization and revenue models of Internet businesses such as video games, music, and streaming. This is another important application that has the potential to generate value.
This is at the core of our thesis as to why we believe blockchain is still early days and the next big thing in technology.
LET’S SEE SOME STATISTICS
The survey of tech-savvy teams indicated that 74% of them believe that blockchain has great business potential.
Various financial institutes spent $552 million on blockchain-powered projects.
Business Forecasting indicates that around $20 billion will be spent on technical blockchain services per year by the end of 2024.
National cryptocurrencies have been adopted or investigated by more than 20 countries around the world.
Around 90% of European and US banks have shown interest in exploring the potential of blockchain by 2018.
About Mapleblock Capital
Mapleblock Capital is a fast-growing digital asset investment firm based in Asia and the Middle East. The company has over 120 blockchain investments and has supported leading projects across all blockchain sub-sectors including DeFi, infrastructure layers, gaming, NFTs, and DAOs.
Mapleblock is self-funded by its founder and is independent of pressure from LP to provide ROI or rapidly deploy capital, resulting in promising growth. This helps the company strategically deploy capital and hold it for an average of 2 years or more.
The firm has made several more undisclosed deals with some really exciting projects in space. Mapleblock Capital focuses on building a strong brand and identity within the niche through its impressive portfolio and strong support for new entrepreneurs. This makes Mapleblock one of the best asset investment firms, promising linear growth in the near future.
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April 05, 2022