An Introduction to SNZ

Transcript

good morning good afternoon and good evening everyone i am ki chang a partner of snz holding thank you very much for having me here some of you may know us very well some of you may not but it's always exciting to to meet new friends snz is a crypto fund based in asia we have local contacts in the states and the europe as well our founders have been great supporters of the ethereum project since 2016.

we worked closely with the ethereum developers and the community in the past few years as an investor i envisioned that blockchain technology will lead us to a better future definitely with protected privacy validated data distributed super computing and decentralized the finance etc if we look back three years when the ico bubble burst we may be kind of hesitating and dealt well will this lead us to right but now look around the flourishing d5 and the nft markets and this is truly happening

and accelerating we are more than just a crypto fund we have been trying our best to build a hub connecting different resources to empower research technology and the new business models in this industry we call it an ecosystem investment is just one piece of the puzzle other pieces also include acceleration community engagement innovation lab enterprise solutions and the consultancy we currently have three early stage

projects in the accelerator which are all based on permission chains due to the local regulations but we offer a shared working space more than 30 000 square feet for international projects having their local developers and the teams to enter in the market we launched a blockchain innovation lab together with plug-and-play china in the purpose of discovering and incubating innovative ideas with this platform we can leverage the global resources in the plucking place network to cultivate the synergy between the crypto and the

traditional world there were several successful stories for enterprise level applications we truly believe that the permissioned enterprise solutions will also have a fruitful future especially in china our founders grew from the ethereum community and were few of the earliest of evangelists preaching blockchain technology back in the in the in the days in china uh we have hosted a series of important meetups since 2016 as you can see in this slide

we grew deep roots in the ethereum developers community as well as future developers in top chinese universities such as eth planning and the bdcu resources have been allocated to discover and support those excellent teams and leaders in the communities talking about the consultancy we provided solutions and the strategical plans for our partners to develop their local businesses we also educated and helped our local government officers

establish the guidance for the development of local blockchain industry and layout the blueprint the above mentioned six blocks generally summarize the current snz business here i just want to show you a selective portfolio of snz invested the ethereum 2.0 is placed here for our believing that ethereum will continue uh leading this game regardless of the the current market noises we are betting heavily on the ecosystem um at early stage

as you can see our investment was basically technology driven from smart contract platforms to scalability solutions from interoperability to composability from zero knowledge proofs to multi-party uh computation etc decentralized finance turned out to be the most successful applications so far followed by the nft right now as the infrastructure uh becomes uh more mature our investment strategy gradually shifts from tech driven to systems driven we're trying our best

to to help bootstrap the projects in in early stage currently we we are running about 20 verification and staking nodes as well as well as uh the routers the equivalent locked up assets amounts up to a few hundred millions dollars people named the internet booming in the past 20 plus years as a an internet mag trend i think we are not we are now uh in the crypto mag trend started from 2008 as satoshi

published the bitcoin white paper right here i don't want to reiterate the web 3 stack and so forth but rather i'd like to shed some light on the four basic points either we learned or collected from the conversations with other investors by the way if you are interested uh our partner kai is going to host a panel uh discussing the crypto and nfd it matters tomorrow first from a investors standpoint the crypto world is currently under transitioning

the infrastructure is gradually mature and ready to to convey uh trillions of dollars of assets uh two to three years ago we was if you remember we were still discussing the kidney nap but now you barely hear any the d5 booming gave us an answer right so now the nft and the game fight in matter versus creates a lot of other noises then i think there there will be no easy way later on for projects to to overtake a few current low stack infrastructures such as ethereum polkado cosmos and dfinity etc

and also investing opportunities gradually move to upper stacks secondly the originality and the creativity are still the most valuable factors pushing the industries forward however a lot of times this creates a a lot of challenge for both investors and project founders because a brand new idea or business model has no reference to follow right do you dare to take those risks right um barely anybody before 2020 would imagine that the unit swap can grow

uh the size as of today the and also the growth of bitcoin was also full of thousand uncertainties however pursuing this type of spirit needs a lot of courage and also the returns are always fruitful the third point i'm trying to make is a timing is crucial but uncontrollable for a long time we were struggling on evaluating those factors affecting the success of an early stage project including ideas ideas is important right team execution

uh business model and founding timing name it intuitively you can think of any but timing for example but bitcoin launched around 2008 during the crisis uh access infinity started taking off during the pandemic lockup yet the veteran traders will tell you that don't time the market yeah we we paid hard to learn but as in a strategic decision maker you have to take timing into your consideration last but not least

finding the dark horses due to the nature of the crypto world many projects got listed are so immature and they can be the dark horses once there is a fundamental change i think that's a common agreement of many investors for those project founders got listed is just the beginning of the journey a lot of adventures are ahead that's all i want to share at this point if you are interested you can always find us through many different ways listed here

uh thank you very much for watching i hope that you and your family stay safe and healthy during uh this pandemic stay tuned