joey krug

 

 

Joey Krug was named co-chief investment officer of hedge fund and investment firm Pantera Capital in 2017. Krug has a strong interest in coding and serves as an adviser to several blockchain projects, including the Ethereum-based decentralized exchange 0x, the sharing economy project Origin Protocol, and the cryptocurrency Ampleforth.

 

Krug enjoys horses and betting on horse races, and he assisted in the development of Augur, a blockchain-based prediction markets platform that was the first to hold an initial coin offering on the Ethereum network.

 

Krug predicted more expansion in the area in conjunction with the decentralized finance boom of 2020, as seen by Pantera's investment ambitions stated in October. Pantera dedicated a major chunk of its Digital Asset Fund capital to Defi-related components in response to Krug's statements.

 

Pantera also produced research in November claiming that after announcing the addition of crypto assets on its platform, PayPal sparked a Bitcoin supply constraint. The company recently filed paperwork with US regulators to raise more than $100 million in financing by selling stock.

 

Pantera is positioned to maintain its involvement in Defi under Krug's leadership, given the sector's growing popularity. Given his previous contributions to blockchain projects, the entire crypto business attained a total market valuation of $1 trillion in early 2021, and this rise might spark more innovation in the space, of which Krug could be a part. Similarly, Pantera may find various investment opportunities in the coming year as the blockchain business continues to grow. Could Pantera devote even more resources to its Defi products? Or will the year bring a new, underserved market to the fore that Pantera will capitalize on? We'll have to wait and see.