The Blockchain exhibition in Amsterdam, we spoke with the chief executive officer of Eterna Capital, which operates out of the City, the City of London.
The financial heavyweight, and a former consultant Andrea Bonaceto (Forbes ‘ 30 under 30, Deloitte, KPMG, eds.) it tells you about the ambition of this durfinvesteerder, which are also two of the former partners of the Firm are involved.
Bonaceto: “We are investing in blockchainbedrijven if the liquid assets in the market.
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Interview with a venture capitalist Eterna Capital
Do you prefer to go with the story, Bonaceto? Have a look at the video in this article is to be attached.
1. One of the names that you mentioned, it is Algorand. Why invest in you?
“I think that’s Algorand is one of the best teams in the space. They are trying to be one of the biggest problems is to solve a blockchain, which is both scalable, distributed, and secure.
“The founder, Silvio Micali, the “father of modern cryptography,” and an MIT professor in the computer science program. Who can be better to use the blockchain trilemma problems than he does.”
“As CEO Steve Kokinos, it is a very good business man. He has three companies that had, prior to that, he Algorand started. One of these companies has an estimated value of at least one billion dollars.
“They both have a good track record for good things, and that’s very important for us.”
2. Within a couple of hours for the sale of Algorand out of stock. Why not make use of this new way to make money on it?
“Algorand (SOMETHING) has a fund-raising organized by a so-called Dutch auction ” (in the foreign country is known as a Dutch Auction, eds.). Investors were given a guarantee that the project will, anyway, be backed by a certain amount of money.
“They say, ” If you do that, after a year, the project won’t appreciate it, then we will give you a portion of your money that you have invested back.
“If the price is more than $1’s worth, we’ll give you up to 90% (on this point, the price of SOMETHING is 0.28 dollar per token, and save.)”
“The auction closed at a price of $2,4 so, it has been very successful, and I think this is a great innovation which other companies can learn from them.”
3. What makes Algorand as well?
“In our opinion, they are the only one blockchain, which claims to be the blockchain trillema is to be able to solve the problem. They are on at the same time, in a scalable, decentralized, and secure.
Compared to Ethereum, may they have many more transactions to process, and while it is, in our eyes, in a decentralised manner, in terms of governance to continue.”
“There are a lot of companies that have laid claim that they can have a superschaalbare blockchain had to be developed, which in retrospect is very central, turned out to be.”
4. Why is the focus you particularly on the equity?
“We are investing in both the token and in the derivatives market. But when we are in the tokens to invest, we do so at a very early stage. We are not going to be an exchange for what assets to trade. There are a number of other situations where we have tokens to get in the stocks are investing in.”
“It is important to keep the definition clear and to have. Security of tokens and a tokenized securities is not the same thing. A getokenizeerde security, such as real estate and tokenizeert. You can use the real estate now, for a cheap and quick way of owner-ship.”
“Then you don’t have the security token. It is very simple, as a token that you have certain characteristics, so that it is as if a share of stock can be seen here. Here you can see, we are all successful use-cases, but there are still several issues that need to be addressed in order to reach the mainstream.”
“The liquidity here is a prime example of this. You can, however, create a security token can make it, but if it has no liquidity, who wants to be in a joint account? To do this, there are very good policies and procedures, and laws.”
“Our vision is to STOP, is that we don’t have to rush to get it going. In the ICR stage, it was a wave, and I got the impression that people have of the TOWN’s new and the hype was trying to make. We’re watching the market, and are not in a hurry, and we’ll look at how the market has developed.”
From the minute, for 10 shares Bonaceto, his vision of how to Balance investments in, for example, DFinity.
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