IVC, founded in August 2021, is the most active crypto-focused fund in Asia, with investments in over 140 companies. ThunderCore, founded in 2017, is an interoperable and EVM-compatible cross-chain public blockchain that focuses on security and ultra-fast performance, with gas fees <$0.00001.
We intend to build more on our mutual vision about the future of Web3 — in particular GameFi, a sector we think will onboard the next tranche of blockchain users, especially when combined with mobile.
What ThunderCore brings to IVC
The ThunderCore ecosystem is a thriving world of diverse DApps. These range from DEXs, to NFT platforms, to bridges, to GameFi, and more. Our TT Wallet is the gateway to all of this. Some of our more prominent partners include the cross-chain aggregator XY Finance, the NFT platform OurSong, and the game-item shop Lootex. ThunderCore and IVC already have partnerships in common with OurSong and XY Finance, corresponding with our shared vision of Web3.
As the brainchild of Chris Wang — the co-founder of the successful online-focused game developer Playdom that sold to Disney for over $500 million in 2010 — ThunderCore is run by someone who has a keen sense for how the gaming industry operates.
Chris has in the past explained his views on how ThunderCore’s technology can help improve the cost and speed of microtransactions in the gaming world. Since micropayments are essential for the purchase of in-game items, it’s crucial that they operate as efficiently as possible. Through ThunderCore’s partnership with ConsenSys a network of DDoS resilient nodes have been introduced, which allows for increased speed, cheaper gas fees, as well as improved scalability — very much aiding the development of gaming marketplaces.
What do we have in common?
Having finished raising money for its inaugural fund in February capped at $70M, Infinity Ventures Crypto has become one of Asia’s hottest crypto VC funds. It has invested in blockchain startups globally with a focus on the GameFi, DeFi and Web3 fields.
As a Taipei-based Web3 investor with a growing reputation in the industry, IVC has a lot in common with ThunderCore, and we share a philosophy on the potential for gaming and mobile to expand the user base for Web3. With the widespread interest in mobile gaming, we both believe it is the best way to kickstart the mainstream transition from Web 2.0 to Web3. Together, we plan to contribute more to the Web3 world by catering to regular people who are just starting to dip a toe into the decentralized internet.
Additionally, our founder Chris hails from Taiwan and is always looking to boost engineers and companies from his home country. The same can be said of IVC, which demonstrated its commitment to Taiwan with an investment in National Taiwan University’s Consensus Labs, a program that has so far produced around a dozen young Web3 developers, including some at XY Finance, Lootex, and ThunderCore.
The IVC team possesses diverse backgrounds and experiences in both the technology and financial sectors. Founding Partner Brian Lu has described the firm’s role as a “bridge between East and West,” adding that IVC has empowered many emerging crypto startups from Southeast Asia. Chris is also of the belief that we need to break down the barriers between these two parts of the world when it comes to blockchain innovation.
An example of that Southeast Asian focus can be seen in IVC’s first investment — Yield Guild Games (YGG), a Philippines-based guild for play-to-earn gamers. YGG also operates a DAO to invest in and lend NFTs to its scholars. With the help of IVC, they were able to form their first subDAO, called YGG SEA. Brian Lu has said this effort aligns with IVC’s desire to help the unbanked and underbanked make some extra earnings, especially amid the pandemic.
About Infinity Ventures Crypto
As a token-only VC fund investing in early stage crypto companies, Infinity Ventures Crypto is quickly becoming the busiest Asia-centered crypto fund. IVC has invested in over 140 companies and pairs venture capital know-how with crypto talent to move the blockchain industry into the future, with the aim to innovate, build, and catapult forward the next generation of founders.
ThunderCore is a secure, high-performance, EVM-compatible public blockchain with its own native currency, TT. With a breakthrough consensus protocol that overcomes the scalability “trilemma” called PaLa, the ThunderCore network offers 4,000+ TPS, 1 second confirmation times, and low gas fees that cost less than a fraction of a cent, giving decentralized applications security and scalability.
Currently, ThunderCore has an international user base that spans across more than 190 countries.