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We at 3GI believe that blockchain technology is the most important invention since the internet. It is a technology that is changing the way we work, the way society functions, the way the economy moves, and the way politics is conducted - it is essentially changing the way we live.
Blockchain technology is revolutionary because it has enabled a trustless and permissionless system. Through this system, humans can transact with one another without any need to rely upon a third party with authority to enforce the terms of their contracts. Instead, blockchain technology allows a smart contract (a contract written in code) to self-execute once pre-determined requirements have been met. This in turn gives rise to a new era, where the general public can conduct all sorts of transactions on the blockchain.
Many applications on the blockchain are already changing millions of lives and disrupting industries like banking, payments, music, internet infrastructure and many others. Click here if you would like to dive deeper into some of the examples.
Where we are and where we see it going
We at 3GI consider ourselves late enough to have 1000% conviction in the crypto world, and early enough to benefit from the huge upside that is coming our way.
The crypto market is still in its infancy, and we can see some of the biggest names in the finance world starting to jump at the opportunity. For example, BlackRock, Sequoia Capital, Andreessen Horowitz, and many other blue chip companies are heavily stepping into the crypto space. By the end of 2021, the global crypto market had about 295 million people holding cryptocurrency in some form, representing ~3.7% of the world’s population. Click here if you would like to learn more about some of the examples behind the increase in adoption of crypto.
The total value of all financial assets in the world including all debt, equities, real estate, commodities including gold, and alternative assets is approximately $430 trillion. To put things in perspective, the total market cap of crypto is still under $1.7 trillion as of December 2022, twice as much as the market cap of $700 Billion back in December 2020. We strongly believe that the crypto world has the potential to grow many orders of magnitude in the coming years as it increasingly captures bigger market shares from different asset classes.