ChainThink reports that, on June 21, according to 1confirmation's open letter to LPs, the cumulative cash distributions from 1confirmation's funds amount to approximately $317 million, exceeding the total capital contributions of approximately $286 million across all funds.
In its incubation efforts, 1confirmation has disclosed that it is incubating Grail.xyz, a platform tokenizing physical collectibles, focused on bringing physical assets such as sports cards and jerseys onto the blockchain.
The project launched in early May and has since accumulated over 9,000 users, with a total trading volume exceeding $1.15 million and revenue surpassing $165,000.
In terms of investment direction, 1confirmation stated that it will continue to increase investment in the prediction markets and stablecoin consumption applications sectors, and mentioned its existing investments in projects such as Littio, Munify, Ruvo, and Karsa.
The open letter also pointed out that the industry currently suffers from widespread crony capitalism and questionable institutional credibility, and called for a return to the original vision of cryptocurrency as a tool for empowerment.