Immutable: A Good Fit for the 22/7 Portfolio
Immutable, a layer-2 scaling solution for Ethereum, has rapidly gained recognition for its ability to enable fast, secure, and gas-free NFT trading, built on StarkWare's StarkEx technology. With a strong foundation, scalability, user-friendliness and potential for long term growth, we are bullish and believe that Immutable aligns well with the 22/7 LP portfolio.
A Well-Funded Project with a Strong Team: Immutable has successfully raised over $500 million from reputable investors, including Coinbase Ventures, Paradigm, and Temasek. This substantial funding is a testament to the project's credibility and positions it for future success. Led by experienced entrepreneurs with a proven track record in the blockchain space, the team brings expertise, innovation, and a shared vision to driving them forward.
Large and Growing User Base: With over $1 billion in NFT transactions already processed, Immutable boasts a rapidly expanding user base. Major NFT projects like Gods Unchained, Sorare, and Decentraland have already embraced the platform, further solidifying its position in the market. As more NFT projects adopt Immutable, the platform's user base is expected to continue growing, creating ample opportunities for investors.
Scalability to Meet Growing NFT Demand: Scalability is a critical factor in the success of any blockchain solution. Immutable stands out by offering impressive scalability capabilities. With the ability to process up to 9,000 transactions per second, it outperforms Ethereum's mainnet in terms of speed and efficiency. This scalability ensures that the platform can effectively handle the growing demand for NFTs, providing a seamless experience for users.
Cost-Efficient Transactions: Investment transactions often come with a host of intermediaries and associated fees. Immutable offers a cost-efficient alternative by minimizing transaction costs. By eliminating gas fees and reducing the involvement of intermediaries, the platform provides a more cost-effective solution for investors.
User-Friendly Interface: A user-friendly platform is essential for attracting and retaining a diverse range of users. Immutable excels in this aspect with its intuitive and streamlined interface. Buyers and sellers can easily navigate the platform, facilitating smooth transactions and enhancing the overall user experience. This user-friendliness opens up opportunities for widespread adoption and broader market reach.
Immutable is a well-funded, well-run, and scalable solution for NFT trading. Their native token $IMX integrates well into the 22/7 portfolio. With an impressive founding team and track record, and growing user base it offers a compelling investment opportunity. While acknowledging potential risks, the long-term upside of investing in Immutable aligns with 22/7s objectives and our limited partners. By embracing this innovative technology our fund is well positioned for success in the evolving NFT market.
OP, Arbitrum, Starknet , ZK - and the battle for L2 domination
Blockchain technology has revolutionized the way we transfer value and store information. However, the current infrastructure of most blockchains, including the first-generation blockchains such as Bitcoin and Ethereum, suffer from scalability issues and high transaction fees. This has given rise to the development of layer 2 solutions, which aim to address these limitations while still utilizing the security of the underlying blockchain.
Layer 2 solutions are designed to operate on top of existing blockchain networks, offering faster and cheaper transactions while maintaining the security of the underlying blockchain. These solutions use various techniques such as off-chain transactions, sharding, and side chains to increase the transaction speed and lower the cost of transactions.
One of the most promising layer 2 is the Ethereum scaling solutions, which aims to increase the transaction speed and lower the cost of transactions on the Ethereum network. Some of these solutions include the Optimistic Rollup, Zk-Rollup, and Validation as a Service. These solutions use various techniques such as off-chain transactions and sharding to increase the transaction speed and lower the cost of transactions on the Ethereum network.
Investing in layer 2 solutions is a good opportunity for us at 22/7 as this technology has the potential to drive mass adoption of blockchain applications. With faster and cheaper transactions, layer 2 solutions will make it easier for businesses and individuals to use blockchain technology for various use cases, such as remittances, micropayments, and decentralized finance applications.
Taking the example of Optimism - funded by a16z and seeing strong developer adoption, we can see an increase in projects deployed, developers on the platform and transaction volume. All of these signals are leading indicators for us as 22/7, signaling protocol adoption and subsequently potential to unlock investment opportunities in Optimisms native token $OP.
Why We Believe in Polygon
It all begins with an idea.
The world of blockchain technology is constantly evolving, and the emergence of Polygon marks a new era of decentralized innovation. Polygon is a fast-growing blockchain network that aims to solve the scalability and interoperability issues that have long plagued the first-generation blockchains such as Ethereum.
Polygon is built on the Ethereum network and offers a multi-chain architecture that supports Ethereum-compatible decentralized applications and enables fast, cheap and secure transactions. This makes Polygon an ideal platform for decentralized finance (DeFi) applications, gaming, and other high-volume use cases. One of the key features of Polygon is its use of a proof-of-stake consensus mechanism, which allows for faster transaction timesand lower fees compared to traditional proof-of-work blockchains. This makes it an attractive platform for developers and businesses looking to build on blockchain technology.
The native currency of the Polygon network is Matic, which is used for transaction fees, staking and governance. As the adoption of Polygon grows and more decentralized applications are built on the network, the demand for Matic is expected to increase, providing a good return on investment for Matic holders.In addition, Polygon has a strong and growing community of developers, investors, and enthusiasts, who are committed to driving its growth and adoption. This community is working on developing new and innovative use cases for the Polygon network, which is expected to further drive the demand for Matic.
In conclusion, Polygon is a promising blockchain network with a bright future ahead. Its focus on scalability and interoperability, combined with its strong community and growing ecosystem of decentralized applications, makes it a compelling investment opportunity for 22/7. If you're looking for a high-potential investment in the blockchain space, consider investing in MATIC, the native currency of the Polygon network.
We Are Live
We are excited to announce the launch of our fund and invite the media to our journey.
Introducing 22/7, a crypto fund focused on identifying and investing in the most promising web3 and tokenized projects in the gaming, media, and entertainment industry.
Founded by a team of industry heavyweights, 22/7 is led by Iky Sandorffy, a veteran of Google with over a decade of experience in the tech industry, and over 7 years of experience managing Middle East & Africa region for Google Play. Joining Iky is Gideon Michonik, a successful private investor and veteran in the VC industry, Benjamin Newman, a digital media expert with a proven track record of success in tokenization, and Michael Velkes, a mobile gaming entrepreneur with vast experience in gaming investments and operations.
With years of hands-on experience in both web2 and web3, we bring a unique perspective to the rapidly growing crypto market. Our team at 22/7 will use crypto native funding strategies such as tokens, NFTs, and DeFi to provide our investors with access to the most promising projects in the rapidly evolving crypto market.
Join us as we explore the opportunities presented by the web3 and crypto market, and strive to shape the future of gaming, media, and entertainment.
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