Venture Capital 1 Confirmation: Cumulative cash distributions exceed the invested amount; incubating the physical collectible tokenization project Grail.xyz

BlockBeats News, June 21 — Crypto venture capital firm 1confirmation recently released an open letter to LPs, announcing that the total cash distributions from its funds have reached approximately $317 million, surpassing the combined capital contributions of about $286 million, achieving a milestone of positive returns.

In terms of incubation business, 1confirmation disclosed the incubation of a physical collectibles tokenization platform, Grail.xyz, which focuses on bringing physical assets such as sports cards and jerseys onto the blockchain, providing access channels especially for users in emerging markets worldwide. The project launched in early May and has already accumulated over 9,000 users, with a total platform trading volume exceeding $1.15 million and revenue surpassing $165k.

Regarding investment focus, 1confirmation stated that it predicts trading volume in the market will continue to hit new all-time highs, with Polymarket and Limitless leading on-chain trading share; stablecoin consumer applications are also steadily penetrating mainstream users. The firm has early investments in projects like Littio, Munify, Ruvo, and Karsa, and plans to further increase investment in this sector.

The open letter also issues a warning about the current industry situation, pointing out the prevalence of crony capitalism and doubts about institutional credibility, calling for a return to the original purpose of crypto technology as a tool for human empowerment.