Founder of 1confirmation: Two of his funds will distribute nearly $120 million in investment income in 2022

1confirmation founding partner Nick Tomaino announced the year-end letter to investors on Twitter, 1confirmation Fund I and 1confirmation Fund II will release $119.1 million in investment income in 2022. As of now, the investment income allocated by Fund I with a scale of US$26 million launched in 2017 is 4.47 times the fund’s paid-in funds, and the internal rate of return is 144.28%; the investment allocated by Fund III with a scale of US$45 million launched in 2019 The income is 1.2 times of the paid-in capital of the fund, and the internal rate of return is 173%. 1confirmation realized part of its investment income in 2021 and 2022, but still holds a large number of positions in leading DeFi and NFT projects such as Ethereum, OpenSea, Cosmos, dYdX, SuperRare, etc. In 2022, 1confirmation made 15 investments through 1confirmation Fund III and NFT Fund, of which only 25% of the total funds were deployed by NFT Fund. In addition, 1confirmation has obtained about $1.5 million in pledge rewards by staking Ethereum. 1confirmation will start to pledge a large amount of Ethereum in the fourth quarter of 2022, and will continue to pledge in the future.