The Best Bet: A Look Into Ethereum’s Future After Shapella With Ether Capital’s CEO Brian Mosoff

In 2021, Ether Capital, a publicly traded company in Canada, became the first to stake $50 million in Ethereum’s Beacon Chain, the proof-of-stake blockchain that supports Ethereum. Since that time, the company has doubled down on its ETH bet.

With the upcoming Shapella upgrade, we sat down with Ether Capital’s CEO Brian Mosoff to discuss this event, the challenges, and the future of Ethereum as a global financial asset. This is what he told us.

Q: We spoke over a year ago about Ethereum 2.0, its adoption, and the new challenges for the ETH ecosystem. What has changed since that time? Is Ether Capital still bullish on Ethereum?
A: There were two big events in 2022 when I think back on the year. One is the decline in asset price across all blockchains, as well as the unfortunate blowups of some of the industry’s most thought-to-be respected players (BlockFi, Three Arrows Capital, FTX) and perhaps the loss of confidence that came with that from institutional investors. These were investors that at one point were considering building a position in the asset class and were finally growing comfortable with the ecosystem. That’s one thing.

And the second big thing was the Merge. The Merge, of course, was one of the biggest events in Ethereum’s history — the transition away from proof of work, hardware electricity mining, towards proof of stake, using the native token as a form of collateral to help secure the network. And that was an update that took years of research and collaboration across industry participants, researchers, developers, and academics.

It was unclear when the Merge would take place and if it would even be successful. And for those who stayed up all night watching that event, of which there were many, it was a non-event, technically speaking, which of course was the best outcome that could have happened. Meaning no one noticed that the network switched. Anyone using the blockchain had no hiccups. Everything went as smoothly as planned, and that’s fantastic. The Merge also brought a new level of confidence to Ethereum that naysayers, who were bearish on Ethereum or unsure of Ethereum’s future and ability to upgrade it, put all those fears to bed.

Those were the biggest things that happened in 2022. Is Ether Capital still bullish on Ethereum? One hundred percent. We’re more bullish now than ever before. The Merge — the transition from proof of work to proof of stake

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Author: Reynaldo Marquez

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