Three Innovative Portfolio Companies Leveraging Blockchain Technology
September 3, 2021 | Scott Murphy
Alumni Ventures’ Blockchain Fund is focused on the universe of opportunities opened up by blockchain technology. It’s a chance to invest in a diversified portfolio of ~20-30 venture investments that use blockchain technology to change how business is conducted. As we continue to evolve to a mobile and digital-first society, we believe blockchain will become critical for the coordination of resources and activities providing ways to record, store, share information about, and exchange assets. See below for case studies on three Alumni Ventures portfolio companies developing unique blockchain applications. Investors in this year’s Blockchain Fund will own two of these companies (BlockFi and Mythical) as part of their portfolio.
Algorand is the creator of the world’s first foundational blockchain designed for the future of finance. The company develops next-gen blockchain tech centered around a more scalable, efficient, and faster consensus protocol based on Proof of Stake.
BlockFi provides diversified financial services for cryptoasset investors. Launched primarily as a lender against cryptoassets, the company has expanded its product portfolio to include a crypto trading platform, a mobile app, and more — bringing liquidity, transparency, and efficiency to the digital financial market.
Mythical is a next-gen gaming platform building a digital ecosystem around player-owned economies. The company is aiming to offer gamers a modular, blockchain-based application with casual gameplay, customizable characters, and the ability to create customized digital products and NFTs.