{"id":542779,"date":"2023-01-24T05:21:06","date_gmt":"2023-01-24T02:21:06","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/tremendous-time-to-start-a-blockchain-company-says-pantera-general-partner\/"},"modified":"2023-01-24T05:21:06","modified_gmt":"2023-01-24T02:21:06","slug":"tremendous-time-to-start-a-blockchain-company-says-pantera-general-partner","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/tremendous-time-to-start-a-blockchain-company-says-pantera-general-partner\/","title":{"rendered":"# \u2018Tremendous time&#8217; to start a blockchain company, says Pantera General Partner"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2599e986475\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2599e986475\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/tremendous-time-to-start-a-blockchain-company-says-pantera-general-partner\/#%E2%80%9D_%E2%80%98Tremendous_time_to_start_a_blockchain_company_says_Pantera_General_Partner_%E2%80%9C\" >&#8221; \u2018Tremendous time&#8217; to start a blockchain company, says Pantera General Partner &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_%E2%80%98Tremendous_time_to_start_a_blockchain_company_says_Pantera_General_Partner_%E2%80%9C\"><\/span>&#8221; \u2018Tremendous time&#8217; to start a blockchain company, says Pantera General Partner &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-5a4050f8>Despite depressed crypto prices and recent company collapses, one of the key investors behind crypto hedge fund Pantera Capital believes there\u2019s never been a better time to start a blockchain company.\u00a0<\/p>\n<p>As part of a Jan. 23 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/panteracapital.com\/blockchain-letter\/the-year-ahead\/\">post<\/a> about the year ahead from a number of executives at Pantera Capital, Paul Veradittakit, <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">General<\/a> Partner at Pantera Capital explained that &#8220;On average,&#8221; people working in the crypto space are more educated and passionate about crypto than in previous cycles.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Strong start to the year! <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/gFe5fUM0gT\">https:\/\/t.co\/gFe5fUM0gT<\/a><\/p>\n<p>\u2014 paul.nft (@veradittakit) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/veradittakit\/status\/1617586546546454528?ref_src=twsrc%5Etfw\">January 23, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Overall, he said, &#8220;we are seeing a higher percentage of startups coming to market with strong teams \u2014 entrepreneurs coming out of established crypto startups like Coinbase, larger tech companies like <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Facebook<\/a>, Uber, and Square, and legacy financial institutions like J.P. Morgan and Goldman Sachs.&#8221;<\/p>\n<p>The market is\u00a0still very bearish, with some companies folding and prices recovering lost ground, but Veradittakit believes it&#8217;s still a worthwhile time to be in the space, citing the billions invested into the space from venture capital firms in the first half of 2022, adding:<\/p>\n<blockquote><p>&#8220;In our experience, bear markets typically represent a time where there is less noise and distraction from building.&#8221;<\/p><\/blockquote>\n<p>&#8220;In addition, we&#8217;ve observed that institutions and enterprises are more open than ever before to working with blockchain companies to enhance their businesses,&#8221; Veradittakit said.<\/p>\n<p>The general partner said he has also observed volume shifting toward highly-regulated exchanges and DeFi-based decentralized exchanges as people try to protect their assets from bad actors, which could inspire the next generation to enter the crypto space. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/fde2d145-f622-4712-ab37-4ebce28076d2.png\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\">Decentralized exchange volume within the last 12 months, November (the month of FTX\u2019s collapse) had a large increase in trading volume. <em>Source: DeFiLlama<\/em><\/figcaption><\/figure>\n<p>&#8220;With more scrutiny around trust and security, we believe there are opportunities for startups in areas like self-custody, security, insurance, and identity,&#8221; he said. <\/p>\n<p>Meanwhile, Dan Morehead, the CEO of Pantera Capital, expressed a similar bullish view toward the crypto space, arguing:<\/p>\n<blockquote><p>&#8220;Despite lower prices, I think the space is clearly in a much better position than ever.&#8221;<\/p><\/blockquote>\n<p>According to Morehead, since 2017, developer infrastructure, which was &#8220;Practically non-existent back then,&#8221; has improved dramatically. <\/p>\n<p>&#8220;It&#8217;s just so much easier to write smart contract-based systems now than in the previous cycle,&#8221; he said. <\/p>\n<p>&#8220;Every other area of the stack has improved, whether test suites or automated tools to catch common bugs in smart contracts, to having IDE support for Solidity,&#8221; Morehead added. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Pantera plans to raise $1.25B for second blockchain fund: Report<\/em><\/strong><\/p>\n<p>Morehead also points to scalability solutions enabling lower transaction fees as a great leap forward for the space, as &#8220;decentralized exchanges can&#8217;t compete with centralized exchanges if fees are too high.&#8221; <\/p>\n<p>There is still plenty of fear, uncertainty, and doubt (FUD) floating around in the wake of FTX\u2019s collapse and the resulting contagion in 2022 but Morehead believes the industry is still very much alive. <\/p>\n<p>&#8220;People were saying, &#8216;crypto is dead&#8217;, yet I believe it was one of the best times to get in the space, start building serious things, and a great time to deploy capital into crypto. It really is darkest before dawn,\u201d he said. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/tremendous-time-to-start-a-blockchain-company-says-pantera-general-partner\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; \u2018Tremendous time&#8217; to start a blockchain company, says Pantera General Partner &#8220; Despite depressed crypto prices and recent company collapses, one of the key investors behind crypto hedge fund Pantera Capital believes there\u2019s never been a better time to start a blockchain company.\u00a0 As part of a Jan. 23 post about the year ahead&#8230;<\/p>\n","protected":false},"author":1,"featured_media":542780,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/bb6b60a8-ba8e-4458-b475-2e0dff6d5c65.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,74863,132789,80823,117],"class_list":["post-542779","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-cryptocurrencies","tag-hedge-fund","tag-pantera-capital","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/542779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=542779"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/542779\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/542780"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=542779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=542779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=542779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}