Follow the Money: The Top 3 Altcoins VCs are Investing In
If you want to get rich in crypto, one strategy is to follow the money and see what altcoins venture capitalists (VCs) are investing in. Being early is key, as VCs often invest in early-stage projects before tokens are even released. In the current market conditions, where VCs have limited funds to spend, these altcoins could be promising investments.
#1: Supra (SupraOracles)
Supra, also known as SupraOracles, has raised $24 million and has notable backers like Coinbase Ventures, Animoca Brands, Hashkey Capital, and Huobi Ventures. Supra is developing an oracle called DORA, a cross-chain protocol that is already operational. They also have HyperNova, a bridgeless communication network that aims to make bridging more secure with their own Moonshot Consensus algorithm. With a strong developer team led by creator Dr. Anniket Kate, known for his contributions to the Ethereum Layer 2 ecosystem, Supra is well-positioned.
#2: Proof of Play
Proof of Play, founded by Amitt Mahajan (co-creator of FarmVille), has raised $33 million with main backer a16z and other investors like GreenOaks and Zynga. Proof of Play aims to bring fun into blockchain gaming and has already released its first game, Pirate Nation. With an experienced team that includes members from Zynga, Riot Games, Epic Games, and more, Proof of Play is poised for success in the growing blockchain gaming market.
#3: Brine Fi
Brine Fi is a decentralized exchange (DEX) that uses Ethereum scaling system StarkWare. With $16.5 million raised and backing from Pantera Capital, The Spartan Group, Starkware Ltd, and Elevation Capital, Brine Fi is a privacy-focused noncustodial order book DEX. It uses ZK technology for private trades, eliminating front running and making markets more efficient. With high-speed trade execution and impressive daily volumes, Brine Fi is making waves in the crypto space.
Hot Take: Investing in Altcoins with VCs
If you’re looking to invest in altcoins and potentially get rich in the crypto market, following the money and looking at what venture capitalists are investing in can be a smart strategy. The three altcoins mentioned – Supra (SupraOracles), Proof of Play, and Brine Fi – have all received significant investments from notable VCs. Each project has its unique features and potential for success. However, as with any investment, it’s essential to do your own research and consider your risk tolerance before diving in.
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