Hashed Review: Investment Fund With Development Direction Web3

While researching the cryptocurrency sector, you will see that major investment funds are often centered in Europe. But, in Asia, Korea’s Hashed Investment Fund is also active in cryptocurrency. This is a crypto investment fund that ranks among the “big players” in terms of returns. Let’s learn details about this project with Coincu through this Hashed Review article.

What is the Hashed fund?

Hashed is a cryptocurrency investment firm located in Seoul and San Francisco that was launched in 2017. Hashed, which was founded by a group of entrepreneurs and system engineers with the same objective of advancing the mainstream adoption of blockchain technology, encourages visionary founders and helps promising ventures expand by investing their own resources in them.

Hashed is South Korea’s biggest and most respected crypto investment fund, with a global portfolio.

The fund’s mission is to promote worldwide blockchain adoption via education, development, and investment. As a result, while joining any project, Hashed helps its progress. Hashed wants to collaborate on a long-term development initiative rather than a short-term investment.

Hashed is now running:

• Hashed Lounge is a consortium of top blockchains.
• Hashed Post is a cryptocurrency blog that interviews entrepreneurs and leaders.
• Hashed Night is a top-tier conference, event, and brand.

So far, Hashed has backed over 40 entrepreneurs and 90 potential crypto startups throughout the world that are leading the way in this market.

The value of the Hashed fund is up to $320 million.

• Hashed Venture Fund I: valued at $120 million
• Hashed Venture Fund II: valued at $200 million. This fund was launched with the purpose of investing exclusively in Web 3 projects. Including Metaverse, Blockchain Gaming, NFTs, and DeFi.

Now, the Hashed Review article will explore the core team of the project.

Team

Simon Kim – CEO & Managing Partner

Simon Seojoon Kim, Hashed’s CEO and Manager, is a computer science and engineering student at Pohang University of Science and Technology. He is a renowned blockchain thought leader and advocate in South Korea, launching blockchain efforts with major IT businesses like Kakao, Line, Watcha, and Spoqa.

Prior to Hashed, Simon co-founded Knowre, a cutting-edge digital business in the United States and South Korea, where he served as Product Manager. Knowre was named by Fast Company as one of the ten most innovative firms in the world in the subject of education, and it was later bought by Daekyo, Korea’s biggest education corporation.

Simon is also a Softbank Ventures Asia Venture Partner, Director of the Korea Blockchain Association, and member of the Busan Blockchain Free Zone Committee.

Ethan Kim – Co-Founder & Partner

Ethan Kyuntae Kim is a Hashed Co-Founder and Associate. He is in charge of Hashed Labs, Hashed’s accelerator program that focuses on investing in DApps and blockchain games.

Ethan earned a bachelor’s degree in electrical engineering from Seoul National University and started his work at Electronic Arts as a software developer. He is also TicToc’s chief engineer (a Korean mobile messaging app with over 20 million users, later acquired by SK Planet). Before joining Hashed, he co-founded multiple game/ad tech firms.

Ryan Sungho Kim – Co-Founder & Partner

Ryan Sungho’s Kim is a Hashed Co-Founder and Associate. He is in charge of analyzing Asian ventures, primarily apps, financial enterprises, and corporations.

Ryan graduated from KAIST with a bachelor’s degree in Electrical Engineering (Korea Advanced Institute of Science & Technology). Ryan formerly worked with LOOKET, a mobile solution that links Businesses to Recobella (a Big Data company). Ryan was in charge of the creation and design of recommendation systems at the time, and he saw that the data space was riddled with gaps. This led him to the blockchain, where he finally co-founded Hashed.

Sean Hong – CFO & Partner

Hashed’s CFO and colleague is Sean Hong. He was formerly a senior manager at Paratus Investment, a private equity company focusing on late-stage biotechnology. Sean Hong has worked for KIS Price, a department of Moody’s Korea, evaluating non-market assets.

Portfolio

Hashed places a high priority on Web3, DeFi, Metaverse, and Gaming initiatives.

By ecosystem development and fostering the next generation of creators, the fund enables widespread adoption into the decentralized future.

Its team has been established by the team to be the quickest companion and support partner in building ventures together.

Blockchain

• Ethereum is a very large-cap blockchain network. This is an open-source computing platform based on distributed Blockchain technology that includes a smart contract feature, allowing for the development of apps for online contract agreements.
• Cosmos is a layer 0 blockchain project alongside several great layers 1 projects such as Terra, Binance Chain, Crypto.com, and others. It is a blockchain initiative that is extremely scalable and interoperable. COSMOS is a network of decentralized parallel blockchains.

Infrastructure

• Terra: a public blockchain protocol that provides a series of algorithmically decentralized stablecoins that serve as the foundation for a vibrant ecosystem bringing DeFi to the people.
• Ontology: a new high-performance public blockchain project and a platform for distributed trust cooperation.
• TomoChain: addresses the scalability issue on blockchain networks.
• EOS is a next-generation open-source blockchain system that boasts industry-leading transaction speeds and versatile usefulness.
• OmiseGO: OmiseGO was formerly recognized exclusively as a payment infrastructure solution. Nevertheless, in August 2021, the OmiseGO team announced Boba Network – Ethereum Layer 2. Boba is one of the most well-liked ideas for addressing Ethereum’s high transaction costs and congestion.

Cosmos, notably Terra, has gotten the greatest attention from Hashed, with practically all of Terra’s outstanding projects tied to the Hashed logo: Anchor Protocol, Chai, Mirror Protocol, and Derby Star.

Nevertheless, Terra almost fell in May 2022, starting with the loss of UST’s peg. As a consequence, Hashed suffered significant losses in 2022. The fund suffered a $3.5 billion loss as a result of this occurrence.

NFT

• Decentraland: an Ethereum platform that intends to motivate a worldwide network of users to govern a virtual world with a token economy. Users of Decentraland may purchase and sell digital real estate, develop and build anything they desire, and explore and engage with one another in this virtual realm.
• The Sandbox: a community-driven gaming ecosystem that enables game developers to create, publish, and sell a wide range of unique experiences on a decentralized platform with payments. Payment using electronic means.
• Axie Infinity: a decentralized gaming universe in which players gather raise finances, and combat monsters known as Axies.
• Enjin: a product ecosystem comprised of Wallet, Platform, Marketplace, Efinity, and JumpNet that aids in the creation of complex virtual economies via the use of blockchain technology.
• Sky Mavis: Sky Mavis is not a single project but a company with current extremely hot Gaming products. Sky Mavis is the team behind Axie Infinity, Ronin chain, Katana (AMM on Ronin),…

DeFi

• Kyber Network is a multi-chain cryptocurrency exchange and liquidity hub that combines liquidity from many sources to allow trading at the best prices.
• DYDX: DYDX is a lending, margin, and perpetual products open trading platform.
• Impossible Finance: Impossible Finance is a DeFi Incubator, launchpad, and multi-chain swap platform with a large user base. Impossible Finance intends to simplify DeFi so that customers may benefit from fairer investing, lower transaction costs, and higher returns.

Wallet/Payment

• Coin98 Wallet: one of the first multi-chain wallets with numerous DeFi capabilities, providing customers with the finest DeFi experience in a single software.
  Terraform Labs’ Chai is a crypto payment application in Korea. Chai’s payment mechanism is really seamless, not unlike a standard payment application. Chai also has connections with numerous well-known Korean businesses.
• Orion Money: this is a fantastic initiative since it will assist people who wish to earn more consistent income than banks but are unfamiliar with Terra or even crypto. Orion Money presently supports assets in several prominent chains including as Ethereum, BSC,… customers just need to deposit money, and Orion Money will handle the rest, sending that money to Terra’s Anchor Protocol to benefit us.

Synthetic

• Mirror Protocol: The graph below displays the TVL of Terra and Mirror from May to November 2021, demonstrating that the overall system’s TVL has almost quadrupled, while Mirror’s TVL has hardly improved, if at all.
• Synthetix: The table below illustrates a few stablecoin metrics that demonstrate, despite being debuted in 2018, Synthetix’s sUSD is not as well-received as conventional or algorithmic stablecoins. Unlike well-known stablecoins such as USDT, USDC, or even UST, MIM, which was created in July 2021, has a capitalization of approximately 3 billion USD, whilst sUSD, which was released in 2018, is still at the milestone of one hundred million.

Analytics

• Dune Analytics: A very known project in which users may monitor a lot of data not only inside the project but also in each area, such as AMM market share, Lending, and so on. Since this data is entirely user-generated and uploaded, it is very decentralized and varied.
• Crypto Quant: The community trusts the project to monitor BTC movement, such as the number of withdrawals from the exchange, the number of deposits on the exchange, and so on.

Lending

• Anchor Protocol: Core Project on Terra, notable for its fixed rate of up to 20%, presently controls the majority of Terra’s TVL. Several projects have been constructed on Anchor in order to take use of the 20% interest feature.
• Maker DAO: Crypto’s first and most successful Debt Protocol Lending initiative, which inspired many similar projects in other ecosystems.

Conclusion

Hashed is a big investment firm that has made several significant contributions to the cryptocurrency sector since 2018. Because of the choice to invest in Web3, the fund has stepped outside of its comfort zone and now has a portfolio with a track record of consistent growth, notwithstanding the present market conditions.

It is a huge investment fund with a pretty profitable portfolio and fairly consistent profit growth. The investment portfolio of the Hashed Fund is diverse. And this is still a fund worth considering for their portfolio. Hopefully the Hashed Review article has helped you understand more about the project.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

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