Covalent Investment Thesis

Woodstock Fund
1 min readJun 9, 2021

Digital asset markets run 24x7, are volatile, and often involve interacting with multiple exchanges, blockchains, and protocols. This creates a mesh of really complex and fragmented data, which will grow exponentially in the coming years. Covalent is a real-time data provider for the blockchain ecosystem. It solves a critical problem and is developed by passionate builders. Both the problem statement and team capabilities play a major role in Covalent’s success because:

1. In the crypto infrastructure layer, exchanges, asset guardians, and data projects are prominent solutions that experience user traffic in both bull and bear markets. Covalent is solving a perennial problem faced by builders on the blockchain.
2. For any fundamental technology, it is natural to have periods of both bust and boom, and thus, at Woodstock Fund, we seek out teams that can survive in the bear market and flourish in the bull runs. If you’re new to the blockchain world and are only just learning about #bitcoin and beyond, we’d strongly recommend giving this thesis a read:
https://lnkd.in/eD47NVJ

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Woodstock Fund

Woodstock is an emerging technology investment fund focused on investments in Blockchain and DLT Projects. Website: woodstockfund.com