“We're not art investors. We're investing in things that have communities”

On this episode of The Scoop, Adam Goldberg co-founder of Standard Crypto joined host Frank Chaparro to discuss his work as a crypto VC and how his company is looking at the DeFi market in an unconventional way.

Standard Crypto is $1 billion in size, according to a source familiar with the fund.

Today, their investment team is primarily focused on projects in three areas: infrastructure, networks and apps. Thus far, Standard Crypto has made investments in major companies like OpenSea, Axie Infinity, Matrixport, Aave and Telegram, among others. The firm also has stakes in projects such as Audius, BitClout/Deso and Instadapp.

Goldberg framed Standard Crypto's focus on the types of investments that have an ability to execute on and build a community.

"When you have a network that's owned by its participants, the rules can't change without the community being on board. And that's what makes us feel like crypto networks are the hardest thing to disrupt that we've ever seen in humanity, in that they evolve with their communities as things change and shift over time," said Goldberg.

Gaming and the Metaverse in focus

Goldberg told Chaparro that Standard Crypto is actively looking at companies advancing social and gaming projects in crypto. He sees the metaverse convergence of games and in-game economies as a new kind of development that's different from gameplay itself.

"You know, Axie is not just a game, it's a new movement. It's sort of like a new generation of Pokemon or of of Angry Birds. And it's possible that we'll see, you know, movies or other types of experiences built around that IP." Said Goldberg.

NFTs

Standard Crypto is also looking closely at NFT’s, of which Goldberg said he sees a lot of opportunities to capture value as “new types of productive assets”. Standard Crypto are current investors in NFT marketplaces OpenSea and Foundation.

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For most visit theblockcrypto.com/podcasts

Episode 73 of Season 3 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Adam Goldberg, Co-Founder at Standard Crypto.

Listen below, and subscribe to The Scoop on Apple, Spotify, Google Podcasts, Stitcher or wherever you listen to podcasts. Email feedback and revision requests to podcast@theblockcrypto.com.

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What this billion-dollar crypto VC thinks about blockchain gaming and the Metaverse 40:02 Share

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What this billion-dollar crypto VC thinks about blockchain gaming and the Metaverse