Founder of Double Peak Group U deterred by financial problems and insolvency crises, maintains faith in Blockchain’s potential
HONG KONG, 8 December 2022 /PRNewswire/ — Mad Law-Kunthe founder of Hong Kong-based family office Double Peak Group, remains confident in the potential of blockchain technology despite uncertain global economic conditions. He is doubling down on investments in blockchain and web3-related technologies, believing they will continue to decentralize and disrupt various industries, changing the world for the better.
Guiding philosophy
Mr. Law-Kun’s guiding philosophy is centered on the belief that technology will continue to decentralize and disrupt various industries, creating new opportunities in the process. He is committed to supporting the growth and development of the blockchain ecosystem, especially in mobile blockchain gaming, social media and decentralized finance (SocialFi), and decentralized finance (DeFi).
“I continue to see great potential in blockchain, especially for mobile gaming, SosialFi and DeFi,” notes Mr. Law-Kun. “I think the technology is still in its infancy and we’re just scratching the surface of what’s possible.”
Driven by these convictions, Mr. Law-Kun is also focused on bridging the gap between East and West and bringing institutional investors into the fold.
“I believe that my approach to investing in blockchain technology reflects the growing trend of institutional investors becoming more involved in the space, focusing on web3 tools, gaming applications and infrastructure protocols,” says Mr. Law-Kun.
Long-term assignment
According to Mr. Law-Kun, the current market turbulence in the blockchain industry presents an opportunity for venture capitalists to support strong teams and deals at more attractive valuations. He is optimistic about the future of technology and believes that the organizations he supports will continue to drive value and shape the industry for years to come. He sees the current situation as a temporary blip, rather than a sign of any long-term challenges for the industry.
A rising star in blockchain and web3
26-year-old Mr. Law-Kun is the founder of Double Peak Group, which he founded with his personal savings at the age of 21, and since then has successfully invested in over 70 portfolio companies, including Australian unicorn startup Immutable X .
After graduating from university in 2019, Mr. Law-Kun joined accounting firm PricewaterhouseCoopers (PwC) as part of their Hong Kong team focused on blockchain. The team has since expanded to over 250 members globally. During his time at PwC, Mr. Law-Kun worked on various blockchain-related projects with regulators, exchanges, funds and institutional investors. Most recently, PwC became the first major accounting firm to buy land in the blockchain-based gaming ecosystem Sandbox.
In addition to his work at PwC, Mr. Law-Kun has also spoken at several global conferences, including Hong Kong FinTech Week and the Digital Entertainment Leadership Forum (DELF) in 2020. He has also given time to mentor students and entrepreneurs in FinTech . lab on Hong Kong University of Science and Technology (HKUST), which provides valuable insight as a venture capitalist and guidance on pitching skills.
Mr. Law-Kun’s interest in blockchain and gaming was sparked by a discussion with an environmental science professor at HKUST, who highlighted the huge potential of blockchain technology in the near future. This discussion led Mr. Law-Kun to develop his passion for blockchain and ultimately the founding of Double Peak.
For more information about Double Peak Group, please visit https://doublepeak.io/.
About the Double Peak Group
Double Peak Group is a family office specializing in investing in blockchain and web3 technology companies. Founded in 2017, the firm focuses on value investing and long-term ventures through early funding rounds and secondary markets. Double Peak Group has backed over 70 companies, including Immutable X, Milkomeda, Mavia and Stardust, and has co-invested with well-known investors such as Animoca Brands, Pantera, Sequoia, Polychain, Framework, Naspers, Temasek, Tencent, and Galaxy Digital. The company is known for its early support of successful blockchain game pioneers, such as game infrastructure studio Stardust, mobile squad-based action RPG Guild of Guardians, and blockchain discovery engine Thirdwave.
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SOURCE Double Peak Group