TL; DR
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Web3 Ventures (ticker “WEBVF”) does for Web3 companies what a Bitcoin ETF will do for BTC.
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Public investment companies like WEBVFallows virtually anyone in the US with a pulse (and a trading account) to buy into private Web3 companies via the stock market, without investor accreditation.
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Your dad, like many deep-pocketed money managers, might be interested in the Web3 space but not yet ready to take the plunge and invest directly in tokens. Publicly traded Web3 investment companies, such as Web3 Ventures, are helping to bridge this gap and serve new types of investors.
Full story
In today’s “this is way cooler than it seems” news…
Everyone is excited about a Bitcoin ETF because it will allow a wider range of investors to buy Bitcoin.
Web3 Ventures (ticker “WEBVF”) does for Web3 companies what a Bitcoin ETF will do for BTC.
The company invests exclusively in private Web3 Companies.
Here’s why this is way cooler than it sounds:
To invest directly in a private company in the US, you must be an accredited investor.
(That is, you have a net worth of more than $1 million, or more than $200,000 in earned income in the past two calendar years.)
That is out of reach for many.
Public investment companies like WEBVFallows virtually anyone in the US with a pulse (and a trading account) to buy into private Web3 companies via the stock market, without investor accreditation.
Now, here’s the kicker:
This is a bigger deal for your parents than for you (a crypto nerd).
Why? Because we all do what we are most comfortable with. You are familiar with using a Web3 wallet to purchase all kinds of DeFi tokens.
It might not be for your dear old dad.
He loves:
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Steaks (cooked medium-rare).
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Kenny Loggins’ 1986 hit “Danger Zone.”
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His Charles Schwab Stock Trading Interface, which looks the same as it did when he started the account in ’95.
Your dad, like many deep-pocketed money managers, might be interested in the Web3 space but not yet ready to take the plunge and invest directly in tokens.
Publicly traded Web3 investment companies, such as Web3 Ventures, are helping to bridge this gap and serve new types of investors.
Pretty neat!