It has been quite the year! COVID-19 narrative aside, the digital asset industry saw many incredible developments – some of which we were fortunate to be a part of. Since we live and breathe the crypto space every day, we are in the weeds watching narratives evolve and have a sense of where things are going as we ring in the new year. 🥂
Here are a few achievements from 2021 that we at Ether Capital are most proud of:
1. We brought the world’s first Bitcoin and Ethereum ETFs to market alongside our partners at Purpose Investments earlier this year. This was a task that took many months to come to fruition, as we worked with Canadian regulators and industry partners alike to solve complex problems around custody and daily liquidity. These are things that seem easily achievable on paper but are complex in practice when you’re dealing with the new paradigms and innovations brought to bear by blockchain technology.
2. In the second half of the year, we welcomed Shayan Eskandari
to the company as Chief Technical Officer, responsible for overseeing our developments in the space and who is an integral part of our staking strategy. Shayan’s first order of business was to help us with the custody issues surrounding Ethereum 2.0, something that globally recognized custodians are still grappling with. We’ll have more details to share in a blog post early next week.
This marks an important and exciting transition for Ether Capital as a company. Our commitment to the Ethereum ecosystem has never been stronger, and we continue to believe in Ether as a core asset with tremendous upside. Now, with staking, we have begun to move beyond passive asset ownership and towards an operating business model with meaningful revenue.
Ether Capital 2.0, as we like to call it, will benefit from having positive cash flow and a core strategy of being a net accumulator of Ether. We plan to begin building unique IP that will benefit the company and the wider ecosystem.
As for the digital asset space in aggregate, institutional adoption has never been stronger. The inflows of capital show tremendous support for this emerging technology, and the intellectual capital flocking to crypto startups has been unlike any other bull run we’ve experienced to date.
Most surprising has been the new use-cases – NFTs and DAOs, for example, which existed in years prior, but hadn’t yet captured mainstream attention or scale. Of course, these two things and their involvement in the metaverse will be things to watch in 2022, alongside the success of Ethereum ‘layer 2’ solutions for scalability that will bring smaller value activity back to Ethereum from competing ‘layer 1’ blockchains. Of course, there’s always the ongoing conversation around regulation that I usually welcome, but at time I may roll my eyes at…
While I don’t know where the digital asset prices will go in the short-term, it’s never been clearer that the asset class is here to stay and that it has a bright future – one that I certainly want to be a part of, and I hope you do as well. If I’m right, crypto will touch all our lives at some point in the future, and there has never been a better time to jump in to learn and engage.
I look forward to the year ahead. Here’s hoping that “number go up” but also that the “building” continues! Wishing you all a safe and happy holiday. 🕎🎄✨
Ether Capital in the News