Investor Who Called Crypto Bottom Says Other Projects Less Explosive Than Ethereum (ETH) and Solana (SOL)
An investor who correctly called the 2022 crypto bottom says that Ethereum (ETH) and Solana (SOL) are ahead of the curve when it comes to pulling in more users.
In a new interview on Real VIsion with macro guru Raoul Pal, Chris Burniske, a partner at venture capital firm Placeholder, says that crypto assets competing with Ethereum (ETH) and Solana (SOL) have less potential in terms of harnessing network effects.
According to Burniske, even though interoperable blockchains like Polkadot (DOT) and Cosmos (ATOM) made more logical design choices, they’re not as attractive as Ethereum and Solana.
[Polkadot] is still a top-20 network, and I dont think it goes away, but its important for people to pay attention to the differences in crypto asset design and use, because thats a big one. Thats where I see ETH and SOL as quite similar, and some of the other designs. They made more rational or logical decisions I would say, but theyre less explosive or less exposed to network effects.
Burniske goes on to say that he and his company are interested in investing into the future infrastructure of blockchains as well as crypto projects focused on creating decentralized applications (DApps).
In the public markets, it has been buying the distressed, important infrastructure of the next expansion Theyre big teams, theyre well-financed, theyre liquid. Its a little bit like being able to buy Microsoft and Amazon and those types of names after the dot-com crash
Right now, at least at the venture stage, because again, I have all this infrastructure exposure in the public markets, venture stage, Im drawn more toward application stuff, and so it would be things like Tensor, which is built on Solana. So its a NFT [non-fungible token] exchange built on Solana, really native experience. Its kind of like the TradingView or Bloomberg of NFTs
[Another example would be] Vault. Vaults are basically programmable environments for artists to launch experiences for their top fans. They start with the music industry because the music industry has lost a lot of revenue because the top fans cant interact with artists like they used to be able to and Vault is trying to create that in a digital environment.
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This article was originally reported on The Daily Hodl.
