Dear 3GI Token Holders,

In light of the recent macroeconomic and crypto related events, we thought we would provide you with an update on the current state of the market, and why we believe we are facing an unparalleled opportunity going forward. 

Due to the Fed raising interest rates, Russian war on Ukraine and the supply chain disruption in China, global financial markets and crypto markets have been trending downwards due to investors losing confidence in risky assets amid fear of a global recession. 

The crypto market has witnessed similar crashes in the past such as those of 2014 and 2017. At every crash, people criticized and feared crypto, which resulted in the system cleaning itself up from all the speculators and rent seekers who came for the quick buck without a real belief in the crypto space. To put things in perspective, the record high Bitcoin had reached in 2017 was $20,000 after which it dropped significantly to $3,900 before going back up to $69,000 in November 2021. Despite the recent fears and decline, Bitcoin is currently priced at around $30,000, still 50% up from its record high of 2017, which shows a clear long term upward trend regardless of short term volatility, and proving the technology is here to stay. In short, we are confident that short term market volatility is mere noise, and the value that Web 3.0 brings will not be affected in the long term. 

With our investment strategy, we are not affected by short term fluctuations and volatility as we invest with a long term time horizon in mind. Additionally, the current timing is favorable for investing in the crypto space given the overall decline in prices, and the fund has a significant portion in dry powder cash to capture the great opportunities lying ahead. 

We are very confident and excited about the opportunities that lie ahead, and are looking forward to sharing this journey with you. If you have any questions or require any further clarifications regarding the above or anything related to crypto, please do not hesitate to grab the phone and ring any of the partners. 

Sincerely Yours, 

The 3GI Partners** **

***Note on Terra Luna: ***

Many of you have heard of the collapse of Terra Luna by now. Luna is a project that was attempting to build a non-collateralized algorithmic currency, which collapsed last week and brought dramatic losses to many investors. We would like to assure you that we were aware of the large risks associated with algorithmic stablecoins and this project in particular, hence we only had a small exposure to the Luna token.

Dear 3GI Token Holders,

In light of the recent macroeconomic and crypto related events, we thought we would provide you with an update on the current state of the market, and why we believe we are facing an unparalleled opportunity going forward. 

Due to the Fed raising interest rates, Russian war on Ukraine and the supply chain disruption in China, global financial markets and crypto markets have been trending downwards due to investors losing confidence in risky assets amid fear of a global recession. 

The crypto market has witnessed similar crashes in the past such as those of 2014 and 2017. At every crash, people criticized and feared crypto, which resulted in the system cleaning itself up from all the speculators and rent seekers who came for the quick buck without a real belief in the crypto space. To put things in perspective, the record high Bitcoin had reached in 2017 was $20,000 after which it dropped significantly to $3,900 before going back up to $69,000 in November 2021. Despite the recent fears and decline, Bitcoin is currently priced at around $30,000, still 50% up from its record high of 2017, which shows a clear long term upward trend regardless of short term volatility, and proving the technology is here to stay. In short, we are confident that short term market volatility is mere noise, and the value that Web 3.0 brings will not be affected in the long term. 

With our investment strategy, we are not affected by short term fluctuations and volatility as we invest with a long term time horizon in mind. Additionally, the current timing is favorable for investing in the crypto space given the overall decline in prices, and the fund has a significant portion in dry powder cash to capture the great opportunities lying ahead. 

We are very confident and excited about the opportunities that lie ahead, and are looking forward to sharing this journey with you. If you have any questions or require any further clarifications regarding the above or anything related to crypto, please do not hesitate to grab the phone and ring any of the partners. 

Sincerely Yours, 

The 3GI Partners** **

***Note on Terra Luna: ***

Many of you have heard of the collapse of Terra Luna by now. Luna is a project that was attempting to build a non-collateralized algorithmic currency, which collapsed last week and brought dramatic losses to many investors. We would like to assure you that we were aware of the large risks associated with algorithmic stablecoins and this project in particular, hence we only had a small exposure to the Luna token.