Digital Finance Group (DFG), a Singapore-based venture capital (VC) firm founded by James Wo in 2015, currently manages over $ 1 billion in assets.

The DFG focuses on blockchain and token equity investments – with portfolios of Layer-1, Layer-2, Web3, CeFi, DeFi, NFT and more.

James Wo – Founder of the Digital Finance Group

The DFG is one of the first crypto VCs to introduce equity investments and relied on several well-known companies such as Circle, LedgerX, Coinlist, 3iQ, Amber Group at an early stage.

James is now also a board member and committee member of the Chamber of Digital Commerce and chairman of Matrix Exchange, which is licensed by the UAE.

James shared his investment thesis and revealed what projects are needed to build the future of Web3.

Focus on long-term growth of the projects

In February, the DFG launched an exclusive Polkadot fund that focuses exclusively on the expansion and growth of the DOT ecosystem.

Before Polkadot started the Parachain auction, the DFG reaffirmed its role as a key strategic investor in the ecosystem – it contributed 500,000 DOT to Acala, 500,000 DOT to Efinity and 300,000 DOT to Astar in Crowdloan.

“We’re not just investing on a project basis, we’re looking at the team and seeing how they come up with a valuable solution that will change the way we see and use the Internet,” James said when asked how Crowdloan Polkadot can be supported Seed and privacy round engagements of the DFG as well as secondary market investments complement.

“So when we go into a funding round, we look at the project with a long-term perspective and by supporting them in events like crowdloan or snapping undervalued tokens in the secondary market, we enable them to focus on the solutions.” explains as they relieve the stress of reviewing their funding. ”

James broke down Polkadot’s investment strategy, realizing that the ultimate goal is to create the conditions for their partner projects to be successful.

Who is ready for the future of Web3?

When asked who is the biggest competitor out there taking advantage of the scalability and interoperability required for Web3, James believes Polkadot is “ahead of its time”.

“We’re just getting started with Crowdloan, the first batch of which will be launched this December. So 2022 will be even more exciting as users will actually benefit from a range of platforms and solutions. Awesome will start working on Polkadot,” James said, adding that Polkadot is still in its infancy – as the adoption potential is still unclear.

According to James, “however, it would be negligent not to mention Ethereum, which has a long track record of working towards scalability and interoperability with ETH2.0 while hundreds of service providers are running successfully on its blockchain.”

“But until then we will see amazing developments in alternative protocols like Solana, Avalanche, NEAR or Cosmos,” concludes James.

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Follow the Youtube Channel | Subscribe to telegram channel | Follow Facebook page