Hyperion Quarterly Report
Q4-2018
“The fourth quarter of 2018 saw a precipitous drop for the cryptocurrency market as a whole, recording new lows for the year. This period also saw the general capitulation of ICO token listing values, with the market situation brought to bear on these projects regardless of efficacy, notoriety or jurisdiction. Even those ICOs that successfully raised funding some time ago have been under pressure, many having kept significant proportions of their raise in the market only to watch these funds sublimate.
While the current climate has shelved many public sales, development and fundraising through more traditional channels continue. Those building in the blockchain space are slowly but inexorably providing firm infrastructure, confirming themselves as part of the established economic landscape. More encouraging, however, is the flow of talent. If we are to follow the talent to discover the next growth market, the blockchain space and its periphery are the destinations.
In this report, we present an update on each of the Hyperion Fund’s investments. Many of these projects have made significant progress, positioning for launches, expansions and customer acquisition. Of particular interest was the mid-December launch of Quantfury, the fund’s largest investment to date.
Quantfury’s innovative zero-fee trading app successfully acquired active users and achieved more than US$10M in trade volume in the final two weeks of the year. Impressive week-on-week organic growth sets our outlook on Quantfury’s future performance to strongly positive.
It is clear that the cold light of 2019 will bring further challenges to incumbents in the space as the exuberance of 2017 falls fully into the past. Legal and regulatory scrutiny are likely to continue to apply pressure in certain areas, but this is ultimately necessary for the health of the industry. Regulatory clarity, the opening of traditional markets and wider adoption are the keys to unlocking the next major growth phase for the blockchain space.
The rapid growth of crypto unicorns like Binance, BitMEX and Coinbase have made it clear that there is indeed massive potential in the space for the right use case, regardless of market conditions. The best time to prove concepts, perfect processes and develop product is in a bear market without the distractions that come with significant price appreciation and chasing of short-term profits. As with the Dot Com crash, the true disruptors survived and went on to become some of the world’s most valuable companies.
We appreciate your ongoing support and look forward to furthering innovation and development in this nascent market in 2019.”
Please find a link to download the Hyperion Quarterly report for Q4 2018 here.
Best Regards,
Andrew Knight and the Invictus Capital Team
We remain attentive to your comments and suggestions — please join our Discord to discuss with the team directly here.
