Thursday, Jun 9th 2022

Crypto Three Things (6/9)


“The value of an idea lies in the using of it.“-Thomas Edison

1) Ropsten network merges: Ethereum's oldest test network transitioned from proof of work to proof of stake yesterday. Ropsten shares the most similarities to the main Ethereum network, so many developers believe is the most important test ahead of “The Merge” slated for this summer.

Titan’s Takeaway: This test was really designed to ensure client software using Ethereum nodes performs as expected, and its been smooth sailing thus far. We'll be monitoring if any issues manifest around maximal extractable value, staking centralization and Denial-of-Service attacks.

2) Solana raises $100M to invest in South Korean projects: The new fund, launched by Solana Ventures and the Solana Foundation, will focus on virtual gaming, NFT, and DeFi startups in South Korea. Outside of supporting projects based on Solana’s blockchain, the fund will seek to invest in beaten-down Terra-based projects left stranded after the collapse of the UST stablecoin.

Titan’s Takeaway: Despite brutal recent price action, Solana appears committed to investing in future growth of its ecosystem. South Korea has long attracted top game developers, and we expect this experience will lend itself nicely to the growth of crypto-based games.

3) Entropy closes $25M seed round led by a16z: The company will use the funds to develop its decentralized self-custody solution for storing cryptocurrencies. Coinbase Ventures, Dragonfly Capital, and Ethereal Ventures joined a16z in the round. This fundraise follows Entropy’s $1.95M pre-seed round in January.

Titan’s Takeaway: Entropy aims to do away with the hassle of waiting for a centralized custodian to move your crypto funds, allowing users to deposit and transfer crypto assets across the blockchain at any time without a central permission. Time will tell if Entropy’s model can beat out centralized custodians like Coinbase and Fireblocks.

Back to Research ↗

Learn with titan

Investment articles and resources

Become the smartest investor you've ever been through straightforward, easy-to-read investment articles.

What Is Dollar-Cost Averaging?

How to Invest in Stocks: A Beginner’s Step-by-Step Guide

What Are the Different Types of IRA Accounts?

What Is an NFT? Non-Fungible Tokens Explained

Let's Get Started

Ready to become a client?

Create an account with us in two minutes.

Or scan to get the app

We're building the best investment platform, ever

Titan Global Capital Management USA, Inc ("Titan") is an investment adviser registered with the Securities and Exchange Commission (“SEC”). By using this website, you accept our Terms of Use and Privacy Policy. Titan’s investment advisory services are available only to residents of the United States in jurisdictions where Titan is registered. Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities. Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections are hypothetical in nature and may not reflect actual future performance. Account holdings are for illustrative purposes only and are not investment recommendations. The content on this website is for informational purposes only and does not constitute a comprehensive description of Titan’s investment advisory services.

Refer to Titan's Program Brochure for more information. Certain investments are not suitable for all investors. Before investing, consider your investment objectives and Titan’s fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Brokerage services are provided to Titan Clients by Titan Global Technologies LLC and Apex Clearing Corporation, both registered broker-dealers and members FINRA/SIPC. For more information, see our disclosures. Contact: 508 LaGuardia Place NY, NY 10012. Information provided by Titan Support is for informational and general educational purposes only and is not investment or financial advice. Check the background of these firms on FINRA's BrokerCheck.

© Copyright 2022 Titan Global Capital Management, Inc. All Rights Reserved.