ChainThink report, June 21: According to a public letter from 1confirmation to LPs, the fund's cumulative cash distributions have reached approximately $317 million, surpassing the total committed capital of around $286 million across all funds.

In its incubation initiatives, 1confirmation disclosed its ongoing development of Grail.xyz, a physical collectible tokenization platform focused on digitizing tangible assets such as sports cards and jerseys onto the blockchain.

The project launched in early May and has already accumulated over 9,000 users, with total trading volume exceeding $1.15 million and revenue surpassing $165,000.

Regarding investment focus, 1confirmation stated it will continue increasing its allocation toward prediction markets and stablecoin-powered consumer applications, highlighting existing investments in projects including Littio, Munify, Ruvo, and Karsa.

The public letter also pointed out prevailing issues in the industry, such as entrenched plutocracy and declining institutional credibility, and called for a return to the foundational principle of cryptography as an empowering technological tool.