'We're still early across the board,' says CoinFund CIO

The Block2023/12/08 08:12

By:The Block

Quick Take CoinFund CIO Alex Felix discusses allocating $158 million raised for early-stage crypto startups.

Episode 102 of Season 5 of The Scoop was recorded with The Block's Frank Chaparro and CoinFund Chief Investment Officer Alex Felix.

Listen below, and subscribe to The Scoop on Youtube , Apple , Spotify , Google Podcasts , Stitcher , or wherever you listen to podcasts. Please send feedback and revision requests to [email protected] .

Alex Felix is the Chief Investment Officer at CoinFund.

Back in July, CoinFund announced the raise of $158 million for a new early-stage crypto startup investment fund.

In this episode, Felix explains how his firm is thinking about allocating the capital, and breaks down the institutional interest in early-stage crypto investing.

According to Felix, the market is still discounting web'3 full potential:

"Almost everyone universally has under-appreciated, the size of the market opportunity for web3. It's open source, it's open competition — when we make this transition to web3 rails, it will be very hard to compete against for any web2 or other business model."

This episode is brought to you by our sponsor, PayPal.

Make your crypto move with PayPal. Get started today at PayPal.com/crypto

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.