Singularity Fund — Weekly report #12

Singularity Fund
Aug 23, 2017 · 2 min read

Weekly report from August 15 to August 22

Net Asset Value and Performance of the fund

NAV on August 22= $17.67

Performance from August 15 to August 22= 10.59%

Performance from May 31 to August 22= 188.55%

NAV evolution between May 31 and August 22

Fund Composition on August 22

Fund crypto-assets allocation on August 22

In the Singularity Fund report of last week , we announced that we invested in the 0x project (ZRX token). The token ZRX rapidly appreciated on the decentralized exchange EtherDelta and was traded at more than 5 times the ICO price. It allowed the NAV of the fund to reach more than $19 intraday, before decreasing slightly to the current value. We will now enter into a consolidation phase, taking profits progressively on OMG and ZRX to increase our positions on BTC and ETH. We will outweigh ETH as we believe the Metropolis version (confirmed for end of September) will enable Ethereum to reinforce its position as the leading blockchain ecosystem.

New tokens and coins

The gaming market present huge opportunities for blockchain-based marketplaces allowing to trade virtual items and we realized our first investment in the space, participating to the Dmarket token sale. From their website:

Game universes are not connected to each other in any way. There is no safe and easy way to trade between them. We are building DMarket — a global marketplace based on blockchain and smart contracts. It enables one-click sale, exchange or evaluation of every virtual item between all games on any platform. The blockchain will ensure 100% security and safety. Smart contracts are the bridge on blockchain to connect all game worlds and universes without any third party needed. They will log changes of ownership and automatically transfer payments. The DMarket Token is native to DMarket, it is the only currency used in the marketplace.

We like their approach incentivizing the developers to use the Dmarket marketplace by offering them to earn a share of all the sales generated through the platform. On the side of the gamers, it will enable them to store and trade their whole “collection” of virtual items in a unique place, across all their favorite games.

Singularity Fund links

Website: http://singularityfund.io/
Blog: https://medium.com/singularity-fund
Telegram: https://t.me/SingularityFund
NAV (Net Asset Value): https://docs.google.com/spreadsheets/d/1iHqMjI1UfbzYePLZARHCfWcKoXRpZgW938OIHmcG-Kg

Singularity Fund

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Singularity Fund

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The Singularity Fund is a cryptocurrency fund. Find us at http://singularityfund.io/

Singularity Fund

Cryptocurrency fund — http://singularityfund.io/

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