#805 Finding New Web3 Investments w/ Chris Perkins

— Christopher Perkins, President of CoinFund, discusses his background as a U.S. Marine (including combat deployment to Ramadi in 2004) and how military experience shaped his approach to business and risk management.

— CoinFund operates as a crypto-native investment manager focused on Web3 and decentralized technologies across seed, venture, and liquid strategies, with particular strength in NFTs, DeFi, DAOs, and gaming.

— Institutional adoption of crypto is accelerating but slower than anticipated, primarily due to operational constraints rather than regulatory uncertainty; large asset managers are forming crypto task forces and losing talent to the crypto industry.

— NFT market shows explosive growth with examples like Bored Apes (up 80% in 30 days), World of Women (up 1,300%), and Dapper Labs' NBA Top Shots (up 60%), serving as a gateway for consumer adoption.

— The regulatory environment is improving with bipartisan support; Bitcoin and Ethereum are already classified as commodities with regulated futures, and policymakers increasingly frame crypto as an opportunity rather than a risk.

— Perkins predicts less than five years until widespread institutional adoption occurs as regulation crystallizes and operational infrastructure upgrades are completed.

— Investors should monitor institutional adoption timelines; Perkins expects significant capital flows from large asset managers within two to three years as regulatory clarity emerves and operational infrastructure improves, potentially creating market tailwinds.

— The talent influx from Web2 and traditional finance into crypto is a leading indicator of long-term sector strength; founders with diverse backgrounds and strong work ethics are becoming the competitive advantage.

— NFTs and DAOs represent explosive growth opportunities, but consumer adoption currently outpaces builder talent; investors should focus on projects solving user experience and infrastructure gaps.