Asymmetric Returns at the Blockchain Infrastructure Layer
A new breed of venture fund built for the decentralized economy
22/7 Overview
Venture Capital Fund
Web3 Blockchain Ecosystem
Infrastructure Layer Ventures
Liquid Assets - Exchange Traded
Pre-seed to seed stage
Minority positions
Backing the Foundations of Blockchain
The Thesis
A secular shift from centralized to decentralized platforms is underway
The "Infrastructure Phase" is accelerating, the "Growth Phase" has begun
The Focus
We back the "picks and shovels" driving this opportunity across three verticals
Decentralized Finance
Agentic AI
Media
The Trillion-Dollar Web3 Opportunity
Decentralized Finance
The next evolution of global capital efficiency
Agentic AI
The decentralized foundation of the AI economy
The Ownership Economy
Media rebuilt around creators
Tokenization
$2T - $16T by 2030 (McKinsey/BCG). Assets moving on-chain.
AI Infrastructure
$40-50B Market by 2030 (Gartner). The software rails for agents.
Creator Economy
Surpassing $500B by 2030 (Goldman Sachs). Individuals becoming media empires.
22/7 Investment Thesis
Early Infrastructure Exposure: The Pattern Behind Asymmetric Returns
Internet (1995-2005)
Amazon, Google,
Mobile (2007-2015)
Apple, Meta,
Cloud (2010-2020)
Amazon, Microsoft
Artificial Intelligence (2020 - Present)
NVIDIA, Palantir
Blockchain Infrastructure (Now)
The Next Asymmetric Opportunity
Blockchain Has Moved Beyond Speculation
Why Now?
Large Untapped Industry: close to 3,000 new ventures in 2025, Infra 30%. (source Galaxy & Sq magazine)
Attractive Valuations: Infrastructure companies that will dominate blockchain are still at an early-stage.
A Rare Window: Every 10-15 years a new opportunity opens to invest in a major disruptive emerging technology .
Adoption is Real
700M+ users in 2025 up from 5M in 2016*.
Institutions are All-In
BlackRock, PayPal, and Visa aren't just watching; they are actively building on-chain.
Regulatory Clarity as a Catalyst
Genius Act, MiCA (EU) and US ETF approvals have provided industry validation.
Technological Maturity
Blockchains now scale to millions of transactions per second at near-zero cost.
Source: a16z Crypto
An Interdisciplinary Team Positioned to Spot Winners
Iky Sandorffy (Founder & CEO) LinkedIn
Co-Founder and CEO. Brings thirteen years of experience leading developer- and consumer-facing teams at Google. Led Google Play Partnerships across Israel, the Middle East and Africa toward approx. $2bn p&l, following roles in AdSense, AdX, and AdMob. Played a key role in scaling Israel’s mobile ecosystem into a multi-billion-dollar industry supporting startups from inception to IPO. An expert in B2C products, web monetization, and gaming, with deep insight into platform dynamics.
B.Sc Molecular Biology - Bar-Ilan University
Gideon Michonik (Co-Founder) LinkedIn
Co-Founder and Board member with over 20 years dedicated to early-stage investing in Israeli tech ventures. Evaluating more than 800 deals a year, brings a sharp eye for founding-team quality, business models, and go-to-market strategies. Holds a sizable portfolio of successful tech ventures, including multiple exits and holdings such as Playtika, Adience, Bizzabo, Whalo, Inplay, Voyantis, Loora, Botika, Abadai and many others.
MBA INSEAD, BS Finance & Marketing, Boston College.
Benjamin Newman (Co-Founder) LinkedIn
Co-Founder. Previously Founder of 101GreatGoals, a digital soccer publisher with more than five million followers, acquired by XLMedia in 2019. Deep experience in building online communities, content strategies, and digital-media products. Active crypto investor since 2021, with strong understanding of market narratives and early-stage momentum. Leading 22/7’s analyst and research division.
LLB, Queen Mary University of London.
Greg Ivanov (GP) LinkedIn
12 years at Google's Android and Chrome divisions, working with early-stage developer ecosystems. Experience in sourcing and scaling projects in mobile, AR/VR, and computer vision. Hands-on in Web3 through BD, strategy, and marketing support for portfolio companies such as Openserv. Focuses on translating technical potential into scalable products and adoption.
BA in European Philosophy, UCL London.
Martin Bok (Analyst) LinkedIn
Ph.D candidate in stock-flow-consistent modelling and token-economic design. Lecturer at Prague University on “Dynamic Modelling for More Realism in Economics.” Brings macroeconomic insight and precision in evaluating token incentives and governance structures.
Committed to advancing sound, realistic models in the Web3 space.
Team Assets
How 22/7 Builds an Edge
Early Access to Best-In-Class Deal Flow
We access through deep ecosystem ties stealth projects months before global VCs.
Team with an Assessment Advantage
Broad spectrum of skills applied to Fundamental Analysis, including close Due Diligence with founding teams.
Execution Experience
Leveraging years of experience of on-chain trading liquidity and volatility challenges into competitive advantages.
Information Arbitrage
Close founder relationships translate into information advantage and better decision-making.
Unique Understanding of Token Economics
Strong understanding in economic token modeling and relationship to traditional business success metrics.
Risk Management
Gradual Exposure
- Layer entries across time & price levels
- Concentrate capital in projects that prove traction
- Broaden exposure once conviction compounds.
- Volatility creates optimal (re)entry opportunities
Hedging Strategy
- Using Synthetic leveraged shorts
- Limit downside, keep most of the upside
- Possible only in mid cap projects
Systemic Profit Taking
- Systematic partial exits at predefined prices
- Let partial positions run to capture more upside
- Rebalancing outsized positions
Exit Triggers
- Early Liquidation: Exit if the thesis breaks
- Max loss/drawdown per position
- Continuous monitoring of liquidity, token concentration and exchange solvency.
Balanced Portfolio Composition
- (10%-20%) Treasury (working capital)
- (20% - 30 %) Low risk: large cap, blue-chip projects
- (30%- 50%) Medium /High risk: small cap, pre-seed projets
Investment Lifecycle: Always Liquid, Never Locked-in
Adaptive Capital Allocation: We dynamically scale positions based on real-time performance
Continuous Thesis Validation: We rigorously stress-test our investment assumptions throughout the entire lifecycle
Agile, Liquid Structure: We prioritize a non-dogmatic, liquid approach that allows us to pivot instantly
Foundation Fund Overview
General
- Operational since April 2023
- GP Self-Funded
- Initial Capital $1.58 million
- Term: 5 years, 2 remaining
Liquidity & Distributions
- Stage: Growth (Pre-distribution)
- Asset Liquidity 95%
- LP redemptions: 0
Attribution
- Total Companies Invested: 20
- Live Investments: 6 ($922k)
- Exited Investments: 14
- MOIC Exited 1.2
Portfolio & Risk Discipline
- Max position size: $200.000
- Reinvested Capital: $780.000
- Top 5 exposure: 50%
- Max drawdown: -2%
Evolution of our Deployment Strategy
Past and Current Holdings
Portfolio Examples
Empyreal - 4.7X Through Systematic Profit Taking
About
Empyreal provides a developer SDK and no-code tools designed, drastically simplifying the creation of complex DeFi instruments and autonomous AI agents.
Thesis
Provided substantial founder assistance thereby gaining material alpha.
Status: Exited
High profitability realized. Thesis broke: One founder passed away; remaining founder did not deliver
>Total deployed capital $95.000 »Total realized capital: $450.000 » Achieved Multiple: 4.7
Pendle - Gradual Entry and Exit Points
About
Pendle is a financial platform that lets users separate their initial deposit from the interest it earns so both can be traded independently.
Thesis
Innovative product providing a competitive edge. First mover advantage paving way to market leadership. Brilliant team and strong communication with 22/7.
User deposits nearly at $4 billion; securing a market-leading position and generating high annual revenue.
Status: LIVE
Active with Partial liquidation. Continues strong communication and conviction on team and solution.
»Total deployed capital $217.000 »Total Realized Capital: $298.000 »Total Unrealized Capital: $101.000 Achieved Multiple: 1.83
Immutable - De-risking with Early Liquidation
About
Immutable is the leading gaming platform allowing studios to shorten time-to-market, reducing development costs and in facilitating players to truly own their in-game items and trading with other players.
Thesis
22/7 anticipated an exponential growth in Web3 developers and players. This thesis has not played out: absolute number of players and growth remain low, substantially limiting Immutable's growth.
Status: Liquidated
Fully exited position. Continuing to monitor market growth and development activity on gaming developer and user adoption
»Total deployed capital $128.000 »Total Realized Capital: $195.000 »Achieved Multiple: 1.52
Scaling 22/7 into a $50m Fund
Fund I Structure & Terms
Fund Size and Type
Closed-end fund, domiciled in Gibraltar.
Size: $50 million USD (First closing: $20m)
Minimum ticket: $1 million USD.
Capital calls: 25 percent at closing, remainder called as required.
Duration
Fund term: 8 (5 years plus three 1-year extension options).
Fees and Carry
Management fee: 2% percent annually, paid quarterly.
Carry: 80/20 up to 3x the initial NAV.
75/25 split above 3x NAV.
Carry is calculated only on realized and distributed profits
Governance and Compliance
Legal: Isolas, Gibraltar. GKH, Israel
Administration: Abacus Gibraltar handled by regulated Gibraltar partners.
Custody: Non-custodial, Institutional-grade key management and wallet architecture
Reporting and Transparency
Mark to market NAV published monthly
Independent annual audit and quarterly NAV reporting.
On-chain data access and transparency reports available to LPs.
Redemptions
36 months initial lock-up period
Quarterly redemptions of 12.5% thereafter
Case Studies
Replacing an outdated financial system
The $100 Trade: Bank vs. Hyperliquid
Traditional Bank
- Onboarding: 1–3 days
- Wire fees + FX spread
- Settlement days: T+2
- Real cost: $3–$5 in friction
- Low transparency
Hyperliquid
- Onboarding: ~10 seconds
- Execution: Milliseconds
- Settlement: Instant
- Real cost: 14 cents
- 100% on-chain transparency
- 24/7/365 market access
Universal Access
Phone replaces trading desk; only a wallet is required
Always Open
24/7/365 markets, instant global remittance
No Gatekeepers
No minimums, permissionless access
AI-Native
Autonomous systems, machine-speed execution
True Ownership
Non-custodial assets remain in your wallet
Instant Liquidity
Trade stocks, futures, private equity instantly
Global Reach
Cross-currency access without borders
Explosive Growth - A Global Financial Shift
Daily Active Traders
Weekly Trading Volume
Annualized Revenue
Team Members
Revenue per employee rivals Earth's most profitable companies.
This traction signals the old financial system no longer works.
The Marketplace for the Agentic Age
Openserv is positioned to be the infrastructure of the autonomous web
Instant Trust
Openserv handles reputation and permissions through code, not paperwork.
Universal Use
Agents for any use case can be offered as a service
A Better Way to Pay
Openserv provides the tools for AI Agents to pay each other.
Like UBER on steroids
The engine that lets digital agents find each other, trust each other, and do business.
- Fundamental Utility: Openserv is positioned to be the trustless and permissionless infrastructure of the autonomous web, essential for every AI use case.
- Unlimited Scale: Uber needs more drivers to grow; They rely on slow human identification, regulation and only work one thing at a time like rides or food delivery.
- High-Value Moat: By being built on the blockchain, the payment layer becomes the standard utility for every AI company