Development update: October 2022 — Ventures

Intro

  • VC TL;DR
  • Market outlook
  • In-Depth: Gaming portfolio update
  • In-Depth: New allocations

VC TL;DR

  • Most Perion portfolio holdings remain in a strong position, building and pushing great product updates through turbulent market conditions
  • The DAO has taken 1 new position: Upside DAO
  • New deal flow remains relatively slow, though this is to be expected in current market conditions
  • It’s almost time to go shopping

Outlook

  • Volume of spot market relative to futures skewed heavily to spot
  • Strong bid side demand across spot order-books
  • Persistent, negative futures basis
  • Tame / relatively low reactivity of open interest across futures markets, resultant tame long liquidations through times of volatility
  • BTC / ETH exchange reserves steadily decreasing, USD equivalent reserves stable
  • 330 days of persistent downside (30 days from the length of time we saw the 2017 peak to trough)
  • Lending market liquidity returning to normal
  • Everyone’s building

In-Depth: Gaming portfolio developments

Shrapnel

Galaxy Fight Club

Gunzilla:

Delysium

MetalCore

Heroes of Mavia

Edenbrawl

In Depth: New entries

Upside DAO:

Hiring

Summary

Stay connected

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