Delphi Digital Launches Labs Department To Focus On Contributing To Ventures Portfolio Company Devel
Delphi Digital, the cryptocurrency investment, media, and research company, has launched the Labs department to focus on contributing to Ventures portfolio company development.
It has been reported by Delphi Digital analyst José Macedo that the move will help expand Delphi’s current developmental wing, which presently houses nine employees.
However, before it branched off from Research, the Labs team assisted with tokenomics design for multiple projects, and it is currently spearheading an overhaul of Aave’s $1.4 billion Safety Module.
0/ We’re happy to announce the next stage in @Delphi_Digital's evolution: Delphi Labs Our goal with Delphi Labs is simple: to become the leading contributor helping to build out the decentralized futurehttps://t.co/DEmgfPORmQ — Delphi Digital (@Delphi_Digital) February 26, 2021
Macedo said that the impetus for the new company wing is the lack of developmental and smart contract engineering resources endemic to space.
“I think what led to this model was working with top projects and witnessing first hand how much work needs to be done and how there just isn’t the talent to do it. We realised the IP we’ve gained compounds and can be leveraged across the entire space.”
While Labs’ current focus will continue to be on tokenomics and governance proposals, as it expands it will eventually help to incubate younger projects, and potentially launch entirely new protocols under the Delphi brand, per a two-year timeline in the announcement.
What does @Delphi_Digital not do? Research, media, investments, and now development with the launch of their Labs division. https://t.co/FezgwJISjg — Cointelegraph (@Cointelegraph) February 27, 2021
Macedo also said that projects can leverage Delphi’s research and developmental heft, and Delphi will, in turn, see its investments flourish.
Thus, he concluded:
“We only want to work with projects whose tokens we intend to hold for several years and our goal is to be long-term participants with aligned incentives.”