The upcoming crypto fund should invest in the Future of Web3”

The upcoming crypto fund should invest in the Future of Web3”

Benjamin Cohen made "one of the greatest decisions" of his life last year - one in which he remains "very confident". He gave up his family's full-time position at his family's real estate company to set up a web3 investment fund, Cohen told Blockworks.

"My jump to Web3 is fundamentally on [this] premise," said Cohen, the managing partner and founder.

"I think it is inevitable that blockchain technology and smart contract technology are implemented in every single aspect of our life. And we are only at the beginning."

Web 3 Equities focuses on investments in digital assets - especially on the investment of capital in "The Future of Web3," explained Cohen.

The investments are listed in five categories: blockchain infrastructure, decentralized finance (defi), decentralized autonomous organizations (DAOS), decentralized applications (DAPPS) and not fungible tokens (NFTS).

"We invest in the entire ecosystem, so that investors have access to it [more than a segment [of the market]," said Kohen.

He refused to name certain investments during an interview with blockworks, but alluded to the types of protocols in which the fund "will take significant positions".

"We are not trying to buy Bitcoin for $ 38,000 and sell for $ 39,500," said Cohen.

"We try to identify projects, communities and protocols that meet the web3 ecosystem and solve a problem using blockchain technology."

The fund currently manages a wealth of $ 5 million, some of which come from Cohen's personal investments. Current investors include wealthy private individuals, both crypto native and newcomers in the room.

Web 3 Equities does not take any risk investment and aims to offer its investors more liquidity than other crypto funds.

"We structure this like a hedge fund, so that investors have liquidity after a certain amount and a certain blocking period and can call back their funds. I think that is a differentiated promise of value," said Cohen.

Web 3 Equities will begin capital operation at the end of March.

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The contribution upcoming cryptofonds for investing in the “Future of Web3” is not a financial advice.