Jita newsletter Q4 2020

An exciting time for the industry

This is Jita quarterly newsletter Q4 2020.

We have seen exceptional strong demand in the past quarter (we are hiring). At the same time, the healthcare, political, macro becomes clearer. We hope everybody can take a break.

DeFi

The story of the summer was definitely DeFi (Decentralized Finance). We are very happy to see Hugh Karp and his team at Nexus Mutual, the decentralized insurance, achieve the success they deserve! We worked with them a few years ago when they were just starting. Beyond Nexus Mutual (insurance), our friends at Aave (lending) and Argent (wallet) have had a great year.

Bull Market

Besides DeFi, The crypto bull market is back and we see Bitcoin becoming an emerging store of value for institutional investors (MicroStrategy, Square, Guggenheim).

CyberSecurity

Attacks are becoming increasingly sophisticated. We will probably see a lot more of this in the next year. The adage not your keys not your coins remains valid. Counterparty risk is critical (and hard to understand with DeFi). Beware of malicious texts, emails, file attachments. Let us know if you need help on this topic.

Success Stories

We have been working with the Minima team on their protocol. They announced this week that they raised 2.5 million USD to further develop this new blockchain for mobile phones. No risk of Supplygate on Minima!
Our friends at Texture Capital obtained their broker licence at FINRA this summer.