Ludos Protocol Investor Profile: Peter Du, Founder of Du Capital
As the cryptocurrency rout prolongs, many investors have pulled out of the industry and diverted their funds elsewhere. However, there remain blockchain and cryptocurrency believers, who have faith in the long-term potential of the industry.
One of them is Peter Du, who founded and leads Du Capital, one of China’s leading blockchain and cryptocurrency venture funds.
Mr. Du started mining when he was in college. His big break came when he was offered the opportunity to buy the IOTA token at its initial offering valued then at RMB0.001 at the end of 2015. Mr. Du was one of a handful of investors from China who saw the potential of IOTA and with this belief, invested everything he had.
By 2017, IOTA shot up to RMB36, which meant his investment ballooned to 36,000 times returns of the original investment!
Mr. Du has a simple view to investment: invest in underpriced assets that are fundamentally sound and eventually, it will they will be valued at their true worth, which will bring early backers returns.
Investing in Ludos Protocol
Earlier this year, Mr. Du invested in Ludos Protocol, whose project intends to enable game developers develop fast and complex games on the blockchain. Ludos Protocol empowers a decentralized gaming ecosystem, where developers and gamers can build scalable gaming platforms on the Protocol’s sidechains, minimizing interaction with the mainchain. This reduces potential of crashing, given the high TPS needed for complex games.
It isn’t just that Ludos Protocol has great development potential. It is also the credentials of the Ludos Protocol’s founders that help it stand out from other blockchain projects. They include cofounders Tai Jin, Evan Zhang, Joe Meng, among others, who have graduated from stellar universities, such as Carnegie Mellon, Boston University and Peking University. They come from diverse academic and professional backgrounds, from business management to financial mathematics, software engineering to game development.
Du Capital isn’t the only reputable fund that’s invested in Ludos Protocol. Many other funds, such as SoftBank, Collinstar Capital, BA Capital, ONO Capital and more, have also bought into the blockchain gaming company. Interest in Ludos Protocol has also been spreading, not just amongst funds, but also with household brands such as IBM, Lotte Group and Yokohama Bank, all of which, have expressed partnership interests.
About Ludos Protocol
Ludos Protocol is a purpose-built blockchain infrastructure project for the gaming community. As only the third blockchain project to be backed by Japanese investment giant Softbank, Ludos addresses numerous shortcomings in the existing gaming landscape. Its main chain + multi-sidechain architecture allows games to run entirely on their own sidechains, preventing scalability issues that have plagued previous blockchain-based games. Additionally, the Protocol seeks to create a gamer-friendly ecosystem whereby game developers and gamers can come together to easily crowdfund and build on the platform. The use of non-fungible tokens (NFT’s) within the ecosystem will allow gamers to swap assets in one game for assets in another. Finally, through their partnership with FullPay Japan, Ludos will give gamers the chance to use LUD tokens that are earned in-game to shop and buy at a range of retail stores in Japan and later around the world.