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What is Hashed Fund? Hashed Fund’s Portfolio Overview

What is Hashed Fund?

Hashed is a Cryptocurrency Investment Fund founded in 2017 with headquarters in South Korea. Hashed was founded by entrepreneurs, company executives and technology engineers with a passion for Blockchain technology.

The goal of the fund is towards enabling global blockchain adoption through education, development, and investment. Therefore, when entering any project, Hashed supports the development of the project. Hashed wants to grow with the project for a long time, not a short-term investment. Currently, Hashed has supported the development of more than 40 Founders in this blockchain field.

Team

Featured members of Hashed
Featured members of Hashed

Simon Seojoon Kim – CEO & Managing Partner

  • Entrepreneur in many fields: co-founder of technology startup Knowre in the US and Korea
  • Top blockchain evangelist
  • Policy advisor.
  • Partner at Softbank Ventures Asia
  • Director of the Korean Blockchain Association.

Ethan Kyuntae Kim – Cofounder & Partner

  • Software Engineer at Electronic Arts
  • The main engineer who founded TicToc application – the first messaging application in Korea acquired by SK.
  • Specializes in creating electrical works of art.
  • Focuses on the convergence of applications (games, sports, electronics) and digital assets.

Ryan Sungho Kim – Cofounder & Partner

  • A talented Korean businessman
  • Former engineer and CTO
  • Has won a gold medal in the Math Olympiad

Value of Fund

The value of the Hashed fund is up to $320 million. With about 88 investments in many segments, spread across the globe at the moment.

  • Hashed Venture Fund I: valued at $120 million
  • Hashed Venture Fund II: valued at $200 million. This fund was launched with the purpose of investing exclusively in Web 3 projects. Including: Metaverse, Blockchain Gaming, NFTs, and DeFi in the near future.

Hashed’s Portfolio

Hashed empowers mass adoption into the decentralized future through ecosystem building and incubating the next generation of founders.

The team has structured the Fund as a platform to become the fastest companion and support partner to build projects together.

Fund’s portfolio focuses on Web3.0, DeFi and more recently Metaverse and Gaming projects with 82 large and small projects.

Some outstanding projects of the fund

Blockchain Platforms

  • Ethereum: Ethereum is an extremely large-cap blockchain platform. This is an open source computing platform based on distributed Blockchain technology with smart contract feature, creating applications for online contract agreements.
  • Cosmos: Cosmos is a layer 0 blockchain project with lots of quality layer 1 projects like Terra, Binance Chain, Crypto.com, etc. It is a highly scalable and interoperable blockchain project. Cosmos is a decentralized network of independent parallel blockchains.

Financial Infrastructure

  • Terra: Terra is a blockchain project for e-commerce. The Terra project has created their own stable coin for payment and transaction fee reduction. In August 2018, Terra successfully raised $32M in the seed round, led by OKEx, Binance, Huobi Capital, Dunamu and with the participation of Hashed, 1kx, Polychain Capital, FBG Capital,…
  • dYdX: dYdX is a feature-rich decentralized cryptocurrency exchange that supports derivatives products built on Starkware. With features like Spot trading, margin and futures contracts. This is one of the quality investment projects by fund. On January 26, 2021, the dYdX project raised $10M in series B by large and reputable investment funds in the market. Among them are: Hashed, a16z, Three Arrow Capital, The Spartan Group, …

Applications

  • Axie Infinity: Axie Infinity is a digital pet universe inspired by the Pokémon game. Anyone can earn money through gaming skills and ecosystem contributions. Players can battle, collect, raise, and build a land kingdom for their pets. Axie Infinity is also a game that pioneered the popular Play to Earn movement that began around June 2021. Axie Infinity has helped a lot of people make money by playing this game.
  • The Sandbox: This is a play-to-earn game using blockchain technology. This game allows players to freely customize and create games and digital assets. Thanks to the use of free design tools. Virtual goods created in the game can be used to earn money in the form of NFTs. And sell for SAND tokens on the project’s marketplace. This is one of the quite successful games, bringing high ROI for fund on investment.

Picks & Shovels

  • Coin98: One of Crypto’s first DeFi multi-featured Multi-chain wallets, helping you get the best experience with DeFi activities in one app. On April 14, 2021, the Coin 98 project raised $1.25M in a seed round by CoinGecko, Hashed, ParaFi Capital, Multicoin Capital, etc. Then, realizing the potential of this project, Hashed continued to pour again. The next capital is on July 20, 2021, it is not clear in which round to invest. But in this round, Coin 98 raised $11,250M from investment funds such as Hashed, The Spartan Group, IOSG Ventures, etc.
  • Covalent: The project provides a unified API that gives visibility to billions of blockchain data points. Covalent API allows easy indexing of data, queries, analysis of data easily such as wallet balance, transaction history, ROI analysis, can run forecasts or estimates blockchain-related parameters for any application on the blockchain through that one unified API. The Fund invested in Covalent project on May 24, 2021. It is not clear which investment round this is. As in this investment round, the project has raised $2M from funds such as Hashed, Coinbase Ventures, Delphi Ventures, etc.

Review and Comment about Hashed Investment Fund

  • The investment appetite of this fund is mainly DeFi, Web 3, Metaverse, Gaming, and NFTs projects.
  • This fund invests a lot in projects belonging to the Cosmos ecosystem. Specifically as Terra, Anchor Protocol, Chai, Mirror Protocol, Derby Star.
  • This fund does not like to invest in projects in layer 2. This is proven by the fact that in the fund’s portfolio there are very few projects in this segment. Hashed loves investing in new blockchains.
  • In the fund’s portfolio, there are many blockchain projects from Korea.

Summary

Hashed is a large investment fund with a fairly successful investment portfolio and fairly steady growth in profits. Hashed fund’s investment portfolio is spread across many segments. But the main focus is still on Web3 projects. And this is definitely still a fund worth checking out for their portfolio.
Hashed has played huge roles since the crypto market winter of 2018-2019 and the return of the Web3 space two years later. Hashed has continuously broken out of the safe and stable when deciding to invest in Web3. In addition, Hashed owns a portfolio that demonstrates a solid track record of growth regardless of the environment.

Above is all information about Hashed Investment Fund. Hope you have gained more knowledge as well as consulted Hashed to set up an effective investment portfolio.