An Introduction to Fundamental Labs

Transcript

hey everyone um i just want to make sure that we're good to go paul the team yeah you're good to go good to go okay awesome yeah this is a little bit difficult for me to to not get any feedback from uh from the audience so so uh uh good morning or good evening for for folks that are not in the us uh you know my name is henry love uh i'm the managing partner head of u.s fundamental labs uh i've got about 10 minutes uh just to tell you guys a little bit about us and you know why we're so excited to support edcon and and be part of this community and you know we're excited to share more about us from here on uh in the us and

moving forward and supporting more and more projects so this is a brief sort of portfolio of ours some of the ones are are uh fairly well known like coinbase and binance and many of the projects were inspired by obviously the ethereum community and you know we're very excited to see this crypto world unfold since 2016. uh we've invested in a number of projects that uh we think are uh fundamental to the entire crypto world and is pushing the you know the the community forward and you know we look forward to working closely with folks like chain link are

supporting uh ethereum and supporting many of the projects and a number of other projects as well uh more recently our investments include some of the ones that are building auction on ethereum like bounce or a mask project that you know launched in on ethereum about encrypted social media uh and and cheating projects uh came from our uh china team our china team is based in shanghai and in in cheating projects is working on volatility um investing and being able to involve uh volatility in uh in the ethereum world in the d5 world so um

i'd like to talk a little bit about uh where we are now with fundamental labs so we started in 2016 as we invested in the ethereum ecosystem and [Music] we went through a bull cycle and in the bear market in 2018 2019 we've actually diversified ourselves to a number of different areas one of them was proof of work mining uh so we invested in a large sum into uh bitcoin mining and proof-of-work mining and now we're one of the largest miners in the world for proof of work um and then uh because of the mining aspects

of business we needed to have a asset management firm a trust to hold our assets so we actually have one of the first trust license in hong kong and now the fundamental labs is really three companies that are sister companies we have idec that holds a trust in hong kong that can hold assets like ethereum and bitcoin and many other projects uh and is currently doing d5 work um and we have atlus mining that's mostly proof of work but you know we'll get into computing we'll get into uh storage in the future in the us uh and fundamental labs of course is continue

uh has continued to make investments into the ethereum community the d5 community as well as you know adjacent uh tools that developers are looking to build with so we're very excited to move forward and and basically you know uh in summary you know we're supporting founders uh as vcs uh within fundamental labs we're securing networks with atlos mining and you know what we're hoping to do is attract more institutions uh through idec in asia and hong kong so what are we actually doing these days

um so these are just some of the screenshots that i want to share we recently announced um um you know an article about how do we hedge in permanent loss in d5 so you know that we're working uh heavily in d5 uh through asset management in our trust ideg um me personally i'm doing a lot of research on an appeased metaverse uh so that's my cool cat and you know and and i have a ton of friends that are uh really deep into crypto punks and and uh really trying to understand um where we are in the metaverse um the progression of our of the metaverse uh within the ethereum

ecosystem we're seeing you know a lot of volume on openc we're seeing a lot of tooling that are being made to support that community so we're really really really excited to to continue to do more there uh and on the atlas mining side we announced with uh bitmay uh with miners so you know we continue to uh secure uh the largest network uh one of the largest network bitcoin and uh you know and and we're looking closely about how we can help secure the ethereum network as it goes into uh 2.0 and the proof of stake and we have a a lot of folks on on our team that has you know mined with gpus in the past at

large scale institutional scale so so this transition has been very interesting and you know it's great to see that we're all very supportive of the ethereum community um and and we're seeing history unfold right so uh super excited for for all this so i'd like to take a moment to announce um our fun find we actually haven't had the time to come around announcing this uh through pr uh we will assume but you know i thought this was a good timing for us to announce that we have a new 50 million dollar fund uh supporting early stage projects in d5 nfp uh crypto gaming and the metaverse uh so i'm playing a lot more games these

days uh and buying very expensive jpegs that i will never never tell my mom about uh to to do research and to understand you know why are people super excited about this so um so if you have any projects are in this area uh we more than welcome you to reach out to us we're just really excited about um just the enthusiasm and the community that's being built uh on the ethereum ecosystem around the metaverse and and the gaming and nft site so this is us a quick introduction for our team so

you have me on the left side the last couple years since i left facebook i joined the family office uh called yeoman's capital i left that investment team there and yeoman's capital was left by david johnston who you know went with fatality back to china uh to launch for luci and and was one of the folks that was pioneering the industry uh and point the term dapps uh and then we we started on the enterprise a blockchain side with some of the work at ibm and the progress was a little bit slow you know we hope that accelerates uh soon in the future

and you know and i've joined fundamental labs since then uh and my team um consists of uh ryan uh who's uh the first engineer hired at multicoin uh and you know and worked as an engineer at chain link labs so he's on my investment team now we also have a venture partner ben uh who also worked at consensus missouri in the past as either volunteers or um and worked on multi-coin and now as a lot so supporting the uh the ecosystems in smart contracts and people who are building uh we're pretty agnostic across you know different

ecosystems but you know ethereum is is a core ecosystem that that we believe in long term uh for d5 and the network effect is stronger than ever before and you know in some ways we're seeing that other ecosystems are serving as a um as a test ground for what ethereum could do uh so i we we think it's it's really beneficial to have multi-chain uh universe where you know you can test and you can um you know upgrade into new features and new um new attributes and all sorts of things that uh it may be too risky for ethereum to upgrade to

uh you know and we're seeing that across different chains and we're seeing across different investments that we're making uh such as you know things like sowana and things like you know polkadot they're all trying different things that i think ethereum uh community can learn from uh from their success mistakes uh so long-term global showing all the ecosystems that we're we're involved in uh and you know we believe in uh the network effects and the fundamentals so that's pretty much it you know it's it's pretty short uh you know i just want to say come join us we'll be investing in all stages and in from precede to pre-ipo um my twitter dms are open uh we're very excited about

um really the future of this industry we've seen this since 2016 um and and you know there's a lot of lot more newcomers are coming in and it's becoming more and more institutionalized and we're getting especially in the u.s we're getting a lot of attention from larger larger companies and public companies and overall you know within fundamental labs we want to support founders and their dreams and their goals to to launch projects and and their vision moving forward so we want to in some ways point out or or share some of the things that uh that they may not be seeing

at the earliest stages to help help them avoid running into walls and in other ways you know we just want to support founders and get out of the way so however they need our help we're always there for them uh and if you're interested in supporting founders um and across all the metaverse and then d5 world uh come join us on fun five and and you know love to have you so that's pretty much it i think we're over time thanks appreciate it guys