DFG founder James Wo explains why he believes Polkadot is “way ahead of the curve”

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James Wo found­ed Dig­i­tal Finance Group (DFG) in 2015. The firm is self-fund­ed by James and cur­rent­ly it has assets under man­age­ment of over $1 bil­lion. DFG focused on blockchain equi­ty and token invest­ment– with a port­fo­lio that ranges from Lay­er 1, Lay­er 2, Web3, CeFi, DeFi, NFTs, and beyond.

DFG is among the first cryp­to VCs to adopt equi­ty invest­ment and made an ear­ly bet on some of the most promi­nent companies–including Cir­cle, LedgerX, Coin­list, 3iQ, Amber Group, to name a few.

Mean­while, James also serves as the board and com­mit­tee mem­ber of the Cham­ber of Dig­i­tal Com­merce and acts as Chair­man at UAE Licensed Matrix Exchange.

The DFG founder and CEO broke down his invest­ment the­sis while reveal­ing which projects, in his opin­ion, have what it takes to build the Web3 future.

Focus on the long-term growth of the projects

In Feb­ru­ary, DFG launched an exclu­sivePolka­dot fund–focused sole­ly on DOT ecosys­tem expan­sion and development.

Ahead of the launch of Polka­dot parachain auc­tions, DFG reaf­firmed its role as a major strate­gic investor in the ecosystem–contributing 500,000 DOT to Acala, 500,000 DOT to Efin­i­ty and 300,000 DOT to Astar,crowdloans.

“We believe that we are invest­ing in more than just a project, we are look­ing at the team and how they are build­ing a valu­able solu­tion that will shift the way we see and use the web,” said James, when asked about how Polka­dot crowd­loan sup­port com­ple­ments DFG’s seed and pri­vate round com­mit­ments, as well as invest­ing on the sec­ondary market.

“So basi­cal­ly, once we par­tic­i­pate in a fund­ing round we are look­ing at it with our long-term glass­es and by sup­port­ing them in events such as crowd­loans or snatch­ing up under­val­ued tokens in the sec­ondary mar­ket, we are empow­er­ing them to focus on said solu­tions while reduc­ing the stress of check­ing on their lev­els of funding”–he broke down his Polka­dot invest­ment strat­e­gy, not­ing that the end goal is to help cre­ate an envi­ron­ment for their part­ner projects to succeed.

Who is ready for the Web3 future?

When asked who are, in his opin­ion, the biggest com­peti­tors out there–leveraging scal­a­bil­i­ty and inter­op­er­abil­i­ty need­ed for Web3, James answered he def­i­nite­ly believes that Polka­dot is “way ahead of the curve.”

“We have only just begun with crowd­loans that will result in the first batch being onboard­ed this Decem­ber, so 2022 will be even more excit­ing when it comes to actu­al­ly hav­ing users ben­e­fit from some of the amaz­ing plat­forms and solu­tions that will begin to work on Polka­dot,” said James, adding that it is still ear­ly for Polkadot–since the adop­tion poten­tial is yet to unravel.

How­ev­er, James added that “in terms of com­pe­ti­tion, it would be inge­nious not to talk about Ethereum, which has the track record and is work­ing towards scal­a­bil­i­ty and inter­op­er­abil­i­ty with ETH2.0, while hav­ing hun­dreds of ser­vice providers suc­cess­ful­ly run­ning on top of their blockchain.”

“But until then, we are wit­ness­ing amaz­ing growth in alter­na­tive pro­to­cols such as Solana, Avalanche, NEAR or Cos­mos that are already active­ly work­ing with scal­a­bil­i­ty and inter­op­er­abil­i­ty as one of their found­ing prin­ci­ples,” he concluded.

Investing in Web3 infrastructure

In line with his belief that the future will be defined by Web3, James is look­ing at future use cas­es, and beyond–investing into infra­struc­ture innovation.

Pitch­ing in $1.5 mil­lion, DFG recent­ly led the seed round for Rivet–aimed at grow­ing the team, as well as prod­uct and ser­vice development.

Riv­et offers a pri­va­cy-first node service–leveraging fast, accu­rate, and reli­able con­nec­tiv­i­ty to the Ethereum blockchain.

“We are look­ing at the indus­try with long-term glass­es and that’s why our invest­ment the­sis has been so suc­cess­ful,” said James about being on the look­out for “solu­tions that every­one will be using, but not nec­es­sar­i­ly see­ing in the upcom­ing decades.”

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