According to official news, in May 2020, Metaspace Protocol announced that it has obtained strategic financing from Coatue Management, a well-known international investment institution, with a financing amount of US$5 million, which brings Metaspace Protocol one step closer to its goal of creating more digital value for users around the world. .

Coatue Management Fund is a well-known hedge fund in the United States. As a member of Tiger Fund (the founder Philippe Laffont was born in Tiger Fund), Coatue has achieved an average net annualized rate of return after fees of 12% and an AUM scale of 12 billion in the 20 years since its establishment in 1999. Dollar. According to http://tipranks.com, Coatue's Sharpe ratio has been greater than 4 since 2013, compared to the average U.S. hedge fund's 1.22.

CoatueManagement focuses on investing in technology stocks and the TMT industry. In addition to 20 years of amazing tracking records, the word "hedging" in hedge funds is truly lived out. Whether in 2000, when the Internet bubble burst, or in 2008, when the subprime mortgage crisis broke out, Coatue's decline was far less than the performance of any mainstream US index.

At present, the Coatue Management Foundation has reached a long-term strategic partnership with Metaspace Protocol. The reason why the Coatue Management Foundation chose to invest in Metaspace Protocol is precisely because of its development philosophy. The goal of Metaspace Protocol is to create an aggregated public platform that integrates Defi+NFT+GameFi+Socialfi+ Metaverse. Its mission is to become a powerful force in global commerce and provide a reliable, transparent and decentralized digital ecological network for all users around the world. This is what the Coatue Management Foundation hopes to do in the future.