14 Nov 2022
A couple of years ago I bought a Sorare card of the Japanese football player Kaoru Mitoma. Sorare is an NFT-based fantasy sports game and collectibles platform. At the time Mitoma was playing for Kawasaki Frontale in the Japanese League and considered a promising, young talent. A few months later...
28 Oct 2022
Our portfolio company Courtyard recently launched a sneaker marketplace called Sneaks. Differently to other sneaker marketplaces, buyers and sellers on Sneaks transact in physically-backed NFTs. Physically-backed NFTs are NFTs that grant holders ownership of an underlying physical asset. When buyers come onto Sneaks they can browse the marketplace of sneakers...
18 Oct 2022
I’ve previously written on the deal structure we gravitate towards when making a first investment into a crypto company: equity + token warrants. In this post I’ll dive into the token warrant itself and highlight some key points. A warrant is similar to an option. Warrants give their holders...
30 Sep 2022
At Cherry Crypto we work at the earliest stages with founders and often come to the discussion of how to structure their first financing round. I wanted to share our thoughts with the hope that others find it helpful and to help sharpen our own thinking. The main and obvious...
28 Jun 2022
The synthesis of NFTs and DeFi promises to unlock utility for all types of NFTs by enabling their use in a host of financial services. A segment within this space that we’re excited about is NFT-backed lending. Most loans in DeFi today are either overcollateralized with fungible tokens or...
