Coinbase Unveils Crypto Investment Strategy Amid Unstable Macro Environment

Crypto exchange giant Coinbase reveals its crypto investment holdings amid macro uncertainty.

In a new blog post, the leading US-based crypto exchange unveils a detailed breakdown of its Q1 2022 crypto portfolio and offers insights into how it plans to navigate an environment macro unstable in the future.

“In the midst of a fragile macro picture, many crypto investors are at their wit’s end… Our strategy won’t change much. It’s worth remembering that some of today’s most successful projects were funded during the bear market of 2018/2019.

With this in mind, our early investments in projects such as Compound, OpenSea, Polygon, Arweave, Starkware, Blockfi, NEAR and Messari, among others, come to mind.

As such, we will continue to invest in quality founders and projects to drive the industry forward, regardless of general market conditions.

Source: Coinbase

Coinbase says it invested in Web 3.0 and cross-chain platforms in the first quarter as many networks experience growth in value, creating demand for capital flows across many blockchains.

“The growing value across multiple networks has resulted in a growing need for value on one chain to transition to another. As such, we continue to see cross-chain infrastructure develop to facilitate cross-blockchain activity. (Coinbase Ventures Q1 investments: LayerZero, ZK Link, LiFi, Foxchain, Socket, Composable Finance).

The American leader in cryptographic exchanges then claims that layer 1 blockchains have not yet finished innovating and reveals its investments in the sector.

“We always see new experimental Layer 1s in development.

Our investments in Aptos (general purpose L1 of former Diem employees), Celestia (modular blockchains) and Subspace (archival proof consensus) suggest that the industry is not done innovating at the level of the base layer.

Coinbase also says it has invested in Ethereum (ETH) Polkadot (DOT) challenger parachains. Parachains are project-specific blockchains that operate in parallel within the Polkadot ecosystem.

“We were particularly active in the Polkadot ecosystem in Q1…

We have now invested in 4 of the 5 live parachains (Acala, Moonbeam, Parallel Finance and Astar) and moved deeper into DOT waters in Q1 with investments in Satori and Moonwell.

Coinbase notes that it has also invested in blockchain gaming platform Joyride, Vietnamese gaming guild Ancient8, and Yuga Labs, the creator of the popular collection of non-fungible Bored Ape Yacht Club tokens.

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