6 Questions for Paul Veradittakit of Pantera Capital

Published on by Cointele | Published on

This week our 6 Questions go to Paul Veradittakit, a Partner at Pantera Capital.

Pantera Capital is one of the earliest and largest institutional investors in digital currencies and blockchain technologies, managing over $1B at one point, and Paul focuses on the firm's venture capital and hedge fund investments.

Since joining in 2014 Paul has helped to launch the firm's venture and currency funds, executing over 100 investments.

Paul also sits on the boards of Alchemy, Staked, and Blockfolio; is a mentor at The House Fund, Boost VC, and Creative Destruction Lab; and is an advisor to Ampleforth, Origin, and Audius.

Prior to joining Pantera, Paul worked at Strive Capital as an Associate where he focused on investments in the mobile space, including an early stage investment in App Annie.

One recent investment that is a great example would be Audius, a decentralized platform for content creators, starting with music, basically a decentralized Soundcloud.

Imagine a decentralized version where content can be censorship-free and more economic value goes back to both artists and listeners.

Audius provides this decentralized platform where the content is hosted on IPFS and where identity, listen tracking, and payments are executed on smart contracts and arbitration is handled without an intermediary.

These guys have been thinking about how they would improve upon Bitcoin as a collateral asset from the start, they've viewed Bitcoin more as a building-block for future banking systems than as a substitute for dollars.

With the rise of decentralized finance, we see consumers and businesses in the emerging markets participating in decentralized lending/borrowing to achieve strong yield.

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