1/17/2024 0 Comments Web 3 crypto coins![]() ![]() For example, one of his investment theses is the Web3 stack. He tries to not fixate on which altcoins to own but invest based on his theses around themes and trends. Li's NFT startup journey may have just begun, but the 34-year-old has been heavily investing in crypto for years. "When you have a luxury item sitting on your shelf, it's unleveraged and unproductive, it's a terrible use of an asset." Breaking down his investment thesis around 8 altcoins "This bridge between physical and digital is so critical because it opens up an entirely new asset class that's going to be otherwise what I call unproductive unleveraged assets," he said. In July, his startup 4K, a peer-to-peer marketplace that issues NFTs for luxury goods and collectibles held in storage, raised $3 million in a seed round led by Electric Capital, Crosscut Ventures, Collab+Currency, ConsenSys, and IDEO CoLab Ventures.Ĭustomers can trade these NFTs, collateralize and get a loan against them, fractionalize them using other protocols, and even bring these digitized valuable items, whether they be Rolex watches, rare sneakers, or Birkin bags, into the metaverse or video games, according to Li. However, with the rise of non-fungible tokens this year, Li's idea has materialized as reality. Since learning about blockchain technology, Li has always had the idea of bringing physical assets on-chain, but the technology was not mature and investors were hard to come by after the 2017 initial coin offering mania. "There's nothing you could buy or do with it, so it was just an interesting new thing that I could be part of." "I was in college and super broke so I would turn it on and mine that for a bit," he recalled in an interview. It often indicates a user profile.īut it was not until college that Li started diving deep into the crypto space by mining bitcoin, first with a central processing unit and then a graphics processing unit. Account icon An icon in the shape of a person's head and shoulders.
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