TL;DR
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Web3 Ventures (ticker “WEBVF”) does for Web3 companies, what a Bitcoin ETF will do for BTC.
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Public investment companies like WEBVF, allow just about anyone in the US with a pulse (and a trading account) to buy-in to private Web3 companies, without investor accreditation, via the stock market.
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Your dad, like many deep-pocketed money managers, could well be interested in the Web3 space, but not yet ready to take the plunge and invest directly into tokens. Publicly traded Web3 investment firms, like Web3 Ventures, help to bridge that gap and serve new kinds of investors.
Full Story
In today’s “this is way cooler than it first appears” news…
Everyone’s excited about a Bitcoin ETF, because it’ll allow a broader range of investors to buy into Bitcoin.
Web3 Ventures (ticker “WEBVF”) does for Web3 companies, what a Bitcoin ETF will do for BTC.
The company invests exclusively in private Web3 companies.
Here’s why this is way cooler than it sounds:
To invest directly in a private company in the US, you need to be an accredited investor.
(I.e. have a net worth of over $1 million, or more than $200k in earned income in the past two calendar years.)
That’s out of reach for many.
Public investment companies like WEBVF, allow just about anyone in the US with a pulse (and a trading account) to buy-in to private Web3 companies, without investor accreditation, via the stock market.
Now, here’s the kicker:
This is a bigger deal for your parents, than it is for you (a crypto nerd).
Why? Because we all do what is most familiar to us. Using a Web3 wallet to buy in to all sorts of DeFi tokens is familiar to you.
It might not be for your dear ol’ pa.
He likes:
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Steaks (cooked medium-rare).
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Kenny Loggins’ 1986 hit “Danger Zone.”
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His Charles Schwab Stock Trading Interface, that looks the same as it did when he started the account back in ‘95.
Your dad, like many deep-pocketed money managers, could well be interested in the Web3 space, but not yet ready to take the plunge and invest directly into tokens.
Publicly traded Web3 investment firms, like Web3 Ventures, help to bridge that gap and serve new kinds of investors.
Pretty neat!
