Editor's PiCK
Billionaire Chamath Palihapitiya launches new SPAC 'American Exceptionalism'…Targeting DeFi investments
Summary
- It was reported that billionaire Chamath Palihapitiya has launched a new SPAC called 'American Exceptionalism.'
- This company identified four key strategic investment areas including DeFi, energy, artificial intelligence, and defense.
- Palihapitiya emphasized the potential for financial innovation, stating that DeFi and digital assets are no longer on the sidelines compared to the traditional financial market.
It has been revealed that 'American Exceptionalism', the new Special Purpose Acquisition Company (SPAC) founded by renowned Silicon Valley investor Chamath Palihapitiya, has included decentralized finance (DeFi) as a major investment target.
According to Aggrnews and others on the 18th (local time), American Exceptionalism specified in its investment prospectus that it presents four key strategic areas to bolster America's global leadership: ▲ energy production, ▲ artificial intelligence (AI), ▲ DeFi, and ▲ defense.
Palihapitiya particularly noted about DeFi: "Traditional finance is dominated by large banks and lending institutions, but now DeFi and digital assets (cryptocurrencies) are no longer on the fringes," adding, "They will lead innovation in numerous financial fields such as international payments, smart contracts, and supply chain management."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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