BlocksInform
Despite the ongoing crypto winter, which has affected many businesses in the greater Web3 space, investments continue pouring into the space.
On January 17, HashKey Capital, a Hong Kong-based global asset manager, announced the completion of a $500 million investment cycle for its Fintech Investment Fund III.
According to the company, fund iii will be used to invest in infrastructure, tools and apps that will help drive mass adoption of blockchain and crypto technologies.
Speaking with cointelegraph, xiao xiao, a hashkey capital investment manager, said that synergies in the web3 space are a key factor in what keeps investors coming back for more.
"web3 grows too fast for people to ignore. Many traditional institutions and the giants of the Internet are interested by cryptography. Others are getting involved in this paradigm shift."
Xiao said that financial organizations can view cryptocurrency as a different asset class to diversify their portfolio. Similarly, he pointed out that investment in a fund creates an easy introduction to engagement with web space 3.
According to the CIO, the crypto winter also saw a "significant shift" in the type of investor entering space.
“With an increasing number of institutional investors joining, investment decisions depend on long-term value and return, rather than short-term goals.?
Founded in 2018, Hashkey Capital has managed more than a billion dollars in customer assets and invested in some of the industry's largest players. This includes projects such as animoca, polygon, moonbeam, blockdaemon, and more.
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Xiao said as far as short term investments are concerned, those creating projects with real life use cases are on everyone’s radar.
In recent years, important innovations have taken place in the infrastructure layer. This layer includes, but is not limited to, interoperability, confidentiality and data availability. But there haven't been a lot of cases that have actually been adopted.
“The intermediate layer, which integrates the infrastructure in cases of actual use, can therefore be regarded as very important. And those layers should be made and they should be easy to use."
