With Algorand, Chinese elites on Wall Street have invested $ 1.5 billion in blockchain.

As the world evolves from an industrial platform to a cutting-edge protocol, blockchain technology, developed less than a decade ago, is set to change, the biggest change since the internet. Since the entire blockchain industry is still in its infancy, some venture capitalists are still looking to connect with the digital benefits ecosystem.

New companies are entering the chain

On November 29, Hive Mind Capital Partners, a venture capital firm, announced the formation. New York-based Hivemind is a cryptocurrency-focused venture capital firm that has raised $ 1.5 billion and will employ a number of joint ventures to improve network security, promote funding and providing growth funds to visionary entrepreneurs. -Stylish investment solutions that provide the best infrastructure in the industry.

Hivemind's $ 1.5 billion investment will be invested in vertical areas including crypto systems, blockchain protocols, open internet, programmable currencies and virtual worlds. Legacy of ecosystems and industries.

Matt Zhang, Founder and Managing Partner of Hivemind, said, “I think blockchain technology is evolving and is still in its infancy. ".

“Asset management standards were never designed for this. That's why we've created from scratch a personalized crypto investment platform that provides businesses with risk, compliance and security management. Infrastructure.

Good partnership with Algorand

Hivemind chose blockchain-led Algorand as their first partner to provide technology and network integration capabilities. Algorand itself aims to develop cutting-edge technology to provide the strength to integrate traditional, borderless and financial markets, according to Hivemind research.

Matt Zhang praised the public channel Algorand designed by Turing Prize winner Professor Silvio Micali. He often forgets that the crypto industry is still in its infancy. We look forward to working and developing with partners who can be patient and build a sustainable business. "

He added: “We are constantly discussing partnerships with other key stakeholders. The goal is to create more global chains so that investors can see the potential for the entire crypto ecosystem.

Algorand is a technology company that supports the next generation of blockchain-based applications, has never been slow since its online presence, has cutting-edge technology that makes it easy to use and has grown into thousands companies affiliated with NFT, DeFi and Web3. 0, the best choice for payment solutions, digital asset management and new business models continue to grab the attention of large investors, China with the endorsement of US financial expert Anthony Scaramucci.

Chinese elite join P2E doctorate

Chinese-American Matt Zhang is a key figure with 14 years of experience at Citi, a global trading company, working primarily in the financial centers of London and New York.

Matt Zhang is a graduate of the London School of Economics (Bachelor of Economics) and the University of Cambridge (Master of Real Estate). Since joining Citigroup in 2007, he has worked extensively in the real estate industry and was Director of the Structured Goods Trading and Solutions division of Citi.

He also created the Citi SPRINT team to focus on investing in financial markets. From January 2020 to November 2021, he was Chairman of Citi's New Impact Investment Fund, which is worth $ 150 million and invests heavily in businesses focused on community issues. .

Hivemind ingeniously implemented games to get the company to invest in games. The head of the company is Sam Peurifoy, partner and former analyst at Goldman Sachs. He once became a fan of the media.

To focus on crypto, particularly Metaverse's peer-to-peer games, Sam Purpoy, 27, made headlines when he left his high-paying job at Goldman Sachs some time ago. He is known in the Axie Infinity gaming community as the "Captain" and "Capitalist". As aware of the issue, Sam's income from the gaming ecosystem exceeds his salaries and bonuses from the Goldman Sachs research department.

Sam is definitely not a blockchain player. He received his first BSc in Chemistry and Mathematics from the University of Miami, and in 2020, a PhD in Chemistry from Columbia University, an Ivy League university, and has published several majors in over 10 books. , an expert in the nanomaterials industry.

Regarding the hiring of Sam, Matt Zhang said, “Sam offers a unique blend that includes a deep understanding of the sport, relationships with the sports community, and a passion for games and the meta world. We are thrilled. We played. to get the idea of ​​right out the door. I think we can do some great things together. "