1Confirmation's Crypto Investment Strategy: Unlocking The Secrets

1confirmation is a cryptocurrency-focused investment firm that offers capital and business development expertise to companies involved in cryptocurrencies. It was founded in 2017 by Nick Tomaino, a Coinbase alum, and is based in Palo Alto, California. The firm has raised $125 million for its latest fund, investing in cryptocurrency startups and digital assets. Its portfolio includes NFT platforms such as OpenSea and SuperRare, decentralized exchanges like dYdX and Primitive, and DeFi lending platforms like Notional. The firm has also invested in crypto protocols, including Polkadot, Cosmos, and Acala. With a focus on long-term disruptive potential, 1confirmation seeks to empower individuals over institutions and revolutionize online monetization.

1confirmation's portfolio includes NFT platforms OpenSea and SuperRare

1confirmation is a cryptocurrency-focused investment firm that offers capital, business development, and community-building expertise to companies and founders involved in cryptocurrencies. The firm was founded in 2017 by Nick Tomaino and is based in Palo Alto, California.

In October 2023, 1confirmation's founder Nick Tomaino discussed the future of NFTs and OpenSea in an episode of 20VC. Tomaino has led seed investments in OpenSea, SuperRare, and other companies.

OpenSea is an NFT platform that allows users to buy and sell non-fungible tokens. 1confirmation has a profile on OpenSea, having joined in February 2021.

SuperRare is an NFT marketplace that focuses on working closely with artists. In March 2021, SuperRare raised $9 million in Series A funding, with 1confirmation being one of the leading investors. The round also included celebrity investors like Mark Cuban, Marc Benioff, and Ashton Kutcher.

In addition to OpenSea and SuperRare, 1confirmation has also invested in other NFT platforms and projects across gaming, art, photography, and music. The firm launched a $100 million fund dedicated to investing in new NFT projects, with a focus on long-term investments.

The firm has also invested in crypto protocols including Polkadot, Cosmos and Acala

1confirmation is a cryptocurrency-focused investment firm that offers capital, business development expertise, and community-building expertise to companies and founders involved in cryptocurrencies. The firm was founded in 2017 and is based in Palo Alto, California. It was started with $26 million in backing and has been reported to now have over $1 billion in assets under management.

1confirmation has made 38 investments to date, with its latest investment in Polymarket as part of their Series B funding round in May 2024. The firm has also invested in crypto protocols including Polkadot, Cosmos, and Acala.

Polkadot is a blockchain designed to easily integrate with other blockchains and host multiple interconnected chains. Acala, a DeFi startup, builds on the Polkadot blockchain. It raised $7 million in a simple agreement for future tokens (SAFT) funding round led by Pantera Capital, with 1confirmation as one of the investors. Acala functions as a parachain within the Polkadot ecosystem, allowing it to define its own logic independently.

Acala's core products include a multi-collateral stablecoin called Acala Dollar (aUSD), which is backed by various digital assets such as Bitcoin, Ethereum, and Polkadot. It also offers a trustless staking derivative and a decentralized exchange. Acala's governance token is called ACA.

Cosmos is another blockchain ecosystem that 1confirmation has invested in. While the specific details of 1confirmation's involvement with Cosmos are not readily available, it is known for being a versatile and scalable network that supports various applications and services.

Through its investments in Polkadot, Acala, and Cosmos, 1confirmation is actively supporting the development and growth of decentralized finance (DeFi) and blockchain technology.

1confirmation offers capital and business development expertise to companies involved in cryptocurrencies

1confirmation is a cryptocurrency-focused investment firm that offers capital and business development expertise to companies involved in cryptocurrencies. The firm was founded in 2017 (or 2019, according to another source) and is based in Palo Alto, California. It provides capital and support to founders and companies working with cryptocurrencies, helping to fuel decentralized projects and invest in a range of areas.

1confirmation has made 38 investments to date, with its latest investment in Polymarket as part of their Series B in May 2024. The firm has also made investments in OpenSea, dYdX, SuperRare, Polkadot, and Cosmos, among others. 1confirmation's founder, Nick Tomaino, previously worked at Runa Capital and led business development and marketing at Coinbase.

The firm started with $26 million in backing from individuals such as Peter Thiel and Mark Cuban, and it has been reported that 1confirmation now has over $1 billion in assets under management. With its focus on the cryptocurrency sector, 1confirmation seeks to fuel decentralized projects and has gained support from key individuals in the blockchain sector.

The firm has raised $125 million for its third fund

1confirmation is a cryptocurrency-focused investment firm that offers capital and business development and community-building expertise to companies and founders involved in cryptocurrencies. It was founded in 2017 by Nick Tomaino, a former Coinbase employee, and is based in Palo Alto, California.

The firm's first fund, Fund I, raised $26 million in 2017, with backing from individuals including Peter Thiel and Mark Cuban. Two years later, 1confirmation raised $45 million for its second fund.

In May 2021, 1confirmation raised $125 million for its third fund, which will continue the firm's focus on investing in early-stage crypto projects with long-term disruptive potential. At the time, 1confirmation was an $800 million asset manager. The firm now has over $1 billion in assets under management.

The third fund's backers were not revealed, but previous limited partners have included Mark Cuban, Marc Andreessen, Balaji Srinivasan, and Brendan Eich.

1confirmation's first fund raised $26 million

1confirmation is a cryptocurrency-focused investment firm based in Palo Alto, California. It was founded in 2017 by Nick Tomaino, a former Coinbase employee. The firm offers capital as well as business development and community-building expertise to companies and founders involved in cryptocurrencies.

In 2017, 1confirmation raised $26 million for its first fund, known as Fund I. The fund started with backing from notable individuals including Peter Thiel and Mark Cuban. Tomaino declined to reveal the identities of investors in 1confirmation's first fund, but he stated that they included many of his initial investors. The fund's focus was on companies that build infrastructure for the rest of the crypto industry to scale.

Following Fund I, 1confirmation raised additional funds in the years that followed. In 2019, the firm secured $45 million for its second fund. More recently, in 2021, 1confirmation raised $125 million for its third fund, which will continue investing in early-stage crypto projects with disruptive potential.

Over the years, 1confirmation has made numerous investments across different areas of the cryptocurrency and blockchain sectors. The firm has invested in NFT platforms such as OpenSea and SuperRare, decentralized exchanges like dYdX and Primitive, and DeFi lending platforms including Notional. In addition, 1confirmation has also invested in crypto protocols such as Polkadot, Cosmos, and Acala.

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