V3V Ventures, a $20 million VC fund that invests in start-ups and cutting-edge technologies in crypto, NFTs, and Web2 and Web3, has invested in a number of prominent Telegram usernames.
The fund has invested $5 million acquiring usernames such as: @buzz, @trade, @startups, @ether, @trading, @venture, @insta, @anime, @freelancer, and @trade. V3V regards these “bluechip” or “vanity plate” usernames as a solid investment because they are easier to remember and promote to gain large numbers of followers.
This reminds us of speculators who purchase desirable URLs – a speculative way to try to turn a profit, though it can be effective. However, according to Mr. Buzz, the undoxxed spokesperson for V3V, the goal is to build some of these addresses into effective sources of news and information to reach crypto users. Mr. Buzz’s eponymous Telegram group, which shares investment and lifestyle insights from a self-described whale and VC crypto investor, has over 5.5 million followers.
How many crypto enthusiasts use Telegram?
According to a survey by CoinGecko, 73.8% of crypto users get their blockchain information primarily from social media. Twitter (X) is the leader, with 41.7% of those surveyed spending most of their time there, followed by Telegram at 21.5% and YouTube at 20.8%. Crypto news websites lag behind with just 5%
As of late August 2024, there were 950 million Telegram users and 5 million premium Telegram users. According to the report, 58% are between ages 25 …
Full story available on Benzinga.com