Managing Partner @FactionVC. Advisor @LightspeedVP. Co-founded @Blockchain Ventures. fmr board @wintermute_t. π¬π§ tweets never investment advice
Mempool
- Tweets 1,238
- Following 2,156
- Followers 4,239
- Likes 10,090
Excited to be working more closely with $LUNA, @terra_money, as we evolve from regular users of the protocol to full ecosystem partners and validators. Many huge products are being built here. Thanks for accommodating us @stablekwon π€
The Blockchain.com Ventures team is making moves with an investment in $LUNA β‘
Full details here: bit.ly/3sWTTzu
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.@enjin was one of the first teams we backed after starting Blockchain Ventures in 2018. One of the few crypto companies that truly understood gaming/NFTs. Feels amazing to be a launch partner for $EFI and observe their continued success. @witekradomski @maxenjin π₯³ @OneMorePeter
Have you heard? $EFI is now available on the Blockchain.com Exchange π£
To ring in this special occasion, we've teamed up with @enjin to offer Exchange users a limited edition NFT.
Read more + start trading today bit.ly/3im8TDu
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NFT v2.0, from the @enjin team that brought you ERC-1155 and pioneered NFTs many years before they were in vogue π§
1/ Over the last year, we've seen vibrant NFT ecosystems pop up across networks.
As #NFTs continue to gain attention, traction, and users, the next step in the evolution of the Enjin ecosystem has become clear:
βοΈ multi-chain interoperability βοΈ
enj.in/jumpnet-blog
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Incredibly excited to partner with @Enjin to empower gamers and create a new wave of on-chain gaming experiences
We are thrilled to announce @Blockchain Venture's investment in Enjin.
With their expertise and our ecosystem, we are well-positioned to advance the industry and bring true ownership and real-life economies to the digital realm.
More: enj.in/blockchain-investment
#blockchain $ENJ
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Excited to have formally joined the incredibly innovative @AaveAave fam π»π
We are excited to announce that @bcap @standardcrypto @blockchain ventures have invested into the future of the Aave Protocol and will be participating in protocol governance.
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Music is a passive income asset class like real estate. Streaming revenue is surprisingly predictable
Yields are similar to levered real estate yields
Music is just more fun, expressive & has historically been inaccessible to retail. LFG @join_royal π
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Incredibly excited to see the Enjin platform go live on Mainnet for all to use! $ENJ π
For more than two years, we've been building an integrated ecosystem to help blur the line between the imaginary and real.
Today, we are thrilled to announce that a key element of this ecosystemβthe Enjin Platformβis now live on #Ethereum Mainnet.
enj.in/platform-mainnet
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fantastic to see so many great portfolio cos @LensProtocol @zerion @NodleNetwork & more elect to deploy ZK chains
In 2022, ZKsync laid out the vision for ZK Chains: fully-customizable, autonomous L2s built on ZK Stack.
Now, over a dozen ZK chains are getting ready for deployment.
Next week, weβll see how these ZK Chains seamlessly work together.
Stay tuned for the Elastic Chain.
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Iβm a decade into VC and tbh it is really just about getting super excited about new things a little before everyone else does π€
if youβre truly passionate about the tech, it comes naturally
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Who said NFTs were just for gaming? Microsoft validates @enjin tech, launches Azure Heroes altcoinbuzz.io/crypto-news/p⦠via @Altcoinbuzzio
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Weβve been a little quiet, so wanted to publicly talk about what weβve been developing at Blockchain Ventures and share our raison dβΓͺtre - link.medium.com/YmgqZFJFkcb @OneMorePeter
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Thrilled about this. @joinrepublic is likely one of the most special companies in our portfolio. @KendrickEsq is unequivocally one of the most special humans on the planet. A leader like no other. Congratulations to the amazing Republic team π»
π¨ SERIES B: We've raised $150M from Valor, institutional legends, underrepresented investors, & our venture partners to support more founders. Read our @TechCrunch exclusive on our north star to democratize access to the private markets. To the moon π
techcrunch.com/2021/10/19/reβ¦
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$ENJ is valued as a gaming token at present. Will be interesting to see the price action when their scaling solution gets factored into the valuation. Scaling typically trades rich π₯
"Itβs one question to free new assets, itβs another to be able to exchange them at scale. If there is a problem worthy of a pioneering solution, itβs the scalability of DLT." - @latelier
Our scaling solution, Efinity, is currently testing around 650 TPS.
atelier.net/virtual-economy/
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Digital only fashion, where state can be transferred across the different realms of the @enjin metaverse. When this proliferates, will gamers still be open to buying expensive items that can only be used in a single walled garden? π§
The #metaverse is the future of human experienceβa seamless transition of the self across multiple realms.
Together with @the_fab_ric_ant + @atari, we are thrilled to launch a pioneering collection of digital fashion #NFTs to be worn in the metaverse.
π enj.in/digital-fashion
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We believe Zk rollups offer a powerful pathway to scale blockchains without sacrificing security. Ecstatic to back & integrate @zksync as we scale crypto to the next 100m users and beyond @OneMorePeter π
We are thrilled to announce that @blockchain will be leveraging the zkSync network to scale crypto!
medium.com/matter-labs/blockβ¦
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To set the record straight, although the truth is less juicy - the email came from a GSB student and does not represent the view of @lightspeedvp π«‘
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We aim to invest in teams/products that use crypto to provide positive societal benefits. @yellowcard_app epitomizes this mission. Congrats @chrismaurice @MunachiOgueke - keep up the awesome work. Financial freedom ftw! πΈ @OneMorePeter
Honored to announce that @yellowcard_app has raised a $15 million Series A led by Valar Ventures, @thirdprimevc, & @CastleIslandVC with participation from @Square, @coinbase Ventures, & @blockchain Ventures.
forbes.com/sites/oluwaseunad⦠Great story by @CraigAdeyanju & @ForbesCrypto
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First VC job I interviewed for was to be Marc Andreessenβs Chief of Staff ~12 years ago
I had NO idea what a Chief of Staff did back then, but can confidently now say Iβd have been hopeless at it.
I didnβt get it & offered to do it for free. Luckily for Marc, @skupor weeded me out π
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Staggered by the ambition, vision and quality of thinking of @3LAU. Heβs been pursuing this audacious goal since at least 2018 (and likely before that too). Excited to see the final puzzle pieces slot into place & fundamentally alter the entertainment industry forever
What if owning an NFT of mine,
meant owning rights in that music,
and earning royalties from all streaming services alongside me, as those songs are streamed & grow in popularityβ¦
What ifβ¦
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Excited for this. Just starting to scratch the surface of what can be done with the @enjin multiverse! $enj
Announcing the Cyborg's Quest: a cross-game collaboration with @swissborg π€
On August 3, embark on a journey through 8 Enjin-powered gamesβand compete for a prize pool valued at $50,000.
β‘οΈ Full details & timeline: enj.in/cyborg-quest
#gamersunite #games #gamedev
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Weβre hiring for the investment team at Blockchain.com Ventures. Process is designed to be open, fair & accessible - simply send us your best investment idea. For more, pls see here - link.medium.com/sWtVhIZaF8 πΈ
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Not to be inflammatory as I β€οΈ SOL & the scale potential is clearly superior, but EtherDelta was before Serum. DyDx before Mango. Audius moved some functions to SOL but launched & remains on ETH for token/staking. Star Atlas is a pre-launch marketplace rn, which ETH pioneeredπ
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Just saw a British company deck raising at a Β£1.3m valuation. Has product, customers/revenue.
Guess the news hasnβt traveled the pond yet - a deck & a dream gets you $20m cap SAFE these days π
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Easy to see why so many token projects look to @OriginProtocol for a playbook on how to do things thoughtfully, compliantly and in a way that has been value accretive for all stakeholders.
You can unlock up to 20% discounts on your favorite items from Amazon when you stake $OGN on #OriginDeals. Try it out today and share your purchases on Twitter by tagging @OriginProtocol and including the hashtag #OriginDealsDelivers. π
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IMO DeFi is π to crypto, but is best as (abstracted) infrastructure vs being consumer facing.
Consumer focused teams will build awesome products on top of DeFi & totally blow away more centralized infra π«‘
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Reminiscing when we raised Blockchain Ventures Fund I in 2018 - βcryptoβ and βtokensβ invoked such strong negative reactions. The crypto space was so unsexy that we typically referred to it as βDLT, distributed ledger technologyβ. Funny how times have changed π
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Seeing more investable blockchain/crypto deals at present than ever before. Iβve covered the space institutionally for 6+ years. Almost too much to handle. This is extremely excitingπ₯³
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Capital is such a commodity, thereβs real movement towards only taking investment from existing users/community members. Gone are the days of VCs investing without ever even trying the underlying product? π Community > capital. This is made possible thanks to crypto.
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Fun jam session with @indexcoop. Anyone that says working with DAOs is tough clearly hasnβt worked with the Coop π¦@BigSky_7 @Mringz @LukeX58 - congrats on $400m and counting π₯
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In the aftermath of major CEX meltdowns, we observe major flow to non-custodial crypto/DEX.
However, memories are short & we forget the fundamentals in bull cycles.
Exchange fraud/incompetence is as old as crypto itself. We need to learn the lesson & remember it this time.
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Excited to be working with this awesome team! @zerion_io - theblockcrypto.com/post/4909β¦
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Particularly passionate and excited about this problem space & continuing to work with the amazing @StaniKulechov & the @avara team
Thrilled to announce that Faction led the recent @LensProtocol fundraise! Why are we doubling down on Lens and tripling down on @StaniKulechov & the Avara team?
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Massive thank you to all the founders that participated today
Super impressive quality, so many high caliber teams - bullish π
gm! Are you a founder with a promising idea or project? Will you be in Singapore for Token 2049?
@Superscrypt is hosting a pitch day with @LongHashVC @NGC_Ventures @HashKeyGroup & @FactionVC.
Come pitch us: form.typeform.com/to/EzfBCLCβ¦
We'd love to see what you're building:
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Rn, @Stepnofficial pays out ~$1 per km walked, less repair costs. If Kyle/Su walk to Saturn (1.25 billion km) this whole 3AC thing could all be over πͺ,πͺ
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π@originprotocol is launching on @binance on Jan 9. This is an extremely tough but equally huge problem to solve, being tackled by some of the smartest folks we know. #Ethereum #blockchain #ogn originprotocol.com/en/video/β¦
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If you still think 1 ego, 1 person, 1 CEX can alter the course of the blockchain endgame, you've totally missed the point.
We don't need figureheads. Satoshi remained anon for a reason. Blockchain is and always has been much larger than this.
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The $OGN founders are keeping it classy, as they have always done since inception @matthewliu @joshfraser π
Focusing on long-term rewards instead of short-term benefits is engrained in Origin's culture. To pursue our long-term mission, our founders haven't sold a single token of $OGN, and don't plan to for the rest of 2020. #BUIDL #HODL
πmedium.com/originprotocol/buβ¦
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Bridge Szn is just getting started. DeFi is incredibly powerful, but capital efficiency is often a chink in the armor. @symbiosis_fi's approach improves both convenience and capital efficiency πΈ
Can @symbiosis_fiβs stablecoin-based DeFi bridge disrupt incumbents? Investors like @blockchain think so.
@Blockanalia reports
trib.al/UUSgooj
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This whole crypto thing was just kinda more fun back when everyone thought it was going to spectacularly fail.
Whereβs the fun in obvious? Who doesnβt miss explaining why it isnβt all a scam on a daily basis?πΉπ²π
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Notice strong ties between startup execution (being well run) and providing consistent investor updates. Short-form but with detailed KPIs β
Not sure if correlation implies causation, butβ¦ itβs a thing
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Guess this is goodbye to the hype chasers and crypto tourists -
see you at the top of the next bull market π
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#DeFi has infinitely more depth than just a few months ago. Tough to keep track. Has become a complex, nuanced & interlaced web. Itβa going to be very hard for newcomers to ever wrap their heads around this stuff. Good opportunity for aggregators like @zerion_io πΈ
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Excited to double down on @zerion_io. Congrats @evgeth. Zerion was simplifying DeFi even before it was cool. Market sizing slide from Zerion deck in 2019 is testament to this. Loans outstanding, $99m then, >$15b now.
We just raised $8.2M in Series A funding to take #DeFi mainstream π
To our community of explorers, supporters and partners β thank you for being a part of this incredible journey.
theblockcrypto.com/post/1106β¦
1/
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Some close friends were already playing/loving @MiniNations when the pitch deck landed in my inbox. Wish this happened more often, but itβs still quite rare in crypto.
Met @apaley and the bet became obvious. Thx for squeezing us in! @amytongwu π₯coindesk.com/business/2021/1β¦
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Stripping out $CEL and other noise, Celsius has a $1.85b deficit. So bad, it's hard to fathom how this is even possible.
Stakehound/3AC etc account for $600m of known losses. They lent customer funds to CEL Mining LLC (captured below)... Where's the remaining $1.25b? π§
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Had so many requests for cap calls in stablecoins over the years. Linking statements to on-chain data will be huge too. This is awesome @cartainc πΈ
Calling all crypto enthusiasts: You can now manage all of your assets on one platform. Introducing: crypto fund administration from Carta. crt.cx/3LwIcsV
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Protocol soundness = tokenholder revenue - token emissions
Sensible mental model by @tokenterminal
Rn, only +0.15 correlation between token price movement and earnings π€― Suspect this changes as market matures
π¨ Introducing "sound businesses" leaderboard!
It includes 4 data points:
1β£ Fees, paid by end users
2β£ Revenue, fees going to the protocol
3β£ Token incentives, new token issuance
4β£ Earnings*, revenue minus token incentives
* Not = TradFi earnings
tokenterminal.com/leaderboarβ¦
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Institutional investors - 2017/18: "ICO mania is financially irresponsible"
Institutional investors - 2021: "hold my beer" π»
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Super fun doing venture deals in India again & working closely with the @LightspeedIndia team on crypto. @MohapatraHemant @romitme are definitely GMI
gm! We are pumped to release v1.0 of Lightspeed's India & SEA Crypto market map spanning L1 & L2s, devtools, CeFi & DeFi, NFT & P2E gaming, DAOs, analytics & more across India+SEA. See shorturl.at/lwJQ4 for the full blog & what we are looking to invest actively behind: π§΅
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First order arrived from @originprotocol PeerArt marketplace. Amazing intermediary free buying experience! π₯³
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VC decision making & ops are subjective & fairly unstructured
Despite attempts to make processes more structured via big data, platforms, protocols and AI too, it always seems to end up the same - driven mostly by intuition
Has anyone successfully innovated here?
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Congrats to @moonpay @sol_stijn Jim and the Helio team. Absolute pleasure working with you, enjoyed every single interaction. Thank you πͺ
HUGE NEWS!
Helio is joining forces with @moonpay π π£
In just 3 years, weβve built a lot, powered $1.5B+ in transactions and became Solanaβs go-to payment processor.
MoonPayβs unmatched position as a bridge between traditional finance and DeFi, combined with their strong brand, global reach, and regulatory strength, creates an incredible opportunity to accelerate Helio's growth and redefine payments together.
This is just the beginning of an exciting new chapter! π
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On-chain lending should be trustless / programmatic. On-chain trust based lending is only a marginal improvement. Delegated credit, flashloans and over-collat lending are all 10x efficiency improvements over tradfi contracts & credit w/ counterparty risk @AaveAave π€π»
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Watch this space. @BCBcrypto has built an impressive suite of tools and has become a relied upon platform for most of the large players in crypto. Great to be working with @0liver_ @TravisScher @James_Hutchins1 and @PanteraCapital on this.
NEW: UK trading firm @BCBcrypto has raised $4.5 million in a round co-led by @NorthIslandVC and @blockchain Ventures.
@IanAllison123 reports
trib.al/1INiIoW
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underrated, but hugely important stablecoin category imo, great to see π«‘ @leptokurtic_
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TG status of every no-coiner VC that became an overnight crypto thought leader on Loot & Chainrunners
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And so it begins. Impossible to put this genie back in the bottle. Now we get to support our favourite artists & align with their success. Ultimate creative freedom. Game changed πππ @join_royal @3LAU @justindross
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Impressive update, nice work @willwarren89 - stoked to try this later today π₯Matcha has become my go to trading venue @matchaxyz
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So many awesome projects / teams have been consistently coming out of Alliance. Excited to see this batch π«‘ @lmrankhan
Tonight at 11:59 pm PT is the deadline to apply for ALL11.
We're looking forward to reading your applications.
Apply at alliance.xyz
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Pre-launch crypto projects with epic teams are now raising at valuations that would have been an βokβ exit price a few years ago ($200m++)β¦ not sure how this will play out, but itβs definitely going to be fun to watch πΏ
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Excited to be supporting our portfolio company @Theta_Network on their journey to improve video content delivery
We're excited to announce that @blockchain is leading the Theta Network enterprise validator nodeΒ program. @blockchain is the first of several enterprise validator nodes that will be coming online in the near future. Read more in our announcement blog:
medium.com/theta-network/bloβ¦
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Weather data is important economically & socially - accuracy is vital. Quality local weather data isn't globally available and requires new infra. Data must be continuously collected into perpetuity. Raw data alone is not sufficient & collective input to modeling is advantageous. There's the dePin thesis in a nutshell & it didn't take 79 tweets to explain itπ
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What @yugalabs has achieved just a year of existence is nothing short of staggering. Never seen anything like it.
Incredible community, partnerships, acquisitions and visionπ΅Excited to support the next leg of their journey
Thrilled to announce our investment in @yugalabs and support their grand vision for the entire #NFT community. We've officially aped in! #NewProfilePic
theverge.com/2022/3/22/22991β¦
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runaway egos in bull markets = cryptos Achilles heel
leads to 1) poor behaviour and risk management, or 2) folks that achieved a modicum of PMF deciding they made it & immediately retiring πβ¦ painful to watch
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The @DappRadar team have been quietly building awesome product & community. Unwavering focus on the user & data quality for years. No BS, just BUIDL.
Canβt wait for this βοΈ@SJanuskas @dragos_dydy @PatrickBarile - proud of you guys
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Thrilled to see more powerful custody tooling solve some of the biggest paint points in DeFi and crypto more broadly. Congrats @DimaKogan @JoshMSchwartz π₯³
π @FordefiHQ has officially launched! Itβs been an extremely exciting year keeping Fordefi in stealth. Weβre thrilled to unveil the first institutional #MPC wallet purpose-built for #DeFi. (1/8)
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Interlay is Bringing Trustless Inter $BTC to All Blockchains. Congrats on the $3mm Seed Round @alexeiZamyatin π₯³ @OneMorePeter markets.businessinsider.com/β¦
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Putting together an SPV to invest in this rocketship. No fees, no carry.
Consistent growth, even during the bear.
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Attending #NYCNFT made me realise that all my closest friends now work in crypto. So many new friends made & also awesome people Iβve known for years joining the space full time.
Super thankful & couldnβt picture myself doing anything else! ππ€
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Founders making biz decisions for a few years before creating internal analytics / dashboards
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Feeling both proud and excited for this dedicated and hard working project. No one ships in crypto like the @originprotocol team. π this is just the beginning
Announcing Origin's Token Listing on @binance and 1.0 PlatformΒ Launch! πWe are ecstatic to announce that Binance, the world's top global exchange by users and spot-trading volume, will be listing Origin Tokens (OGN) on January 8th, 7PM PST! medium.com/originprotocol/anβ¦
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crypto violently oscillates between over exuberance and closed-minded "its all over" takes.
the sweetspot in between is always frustratingly short. feels like we're in it rn. enjoy the peace, while it lasts π€
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Ethereum MEV $ is ~1% of daily block rewards (subsidies). With eth2, subsidies drop 90% & MEV becomes 10% of the bounty & likely to grow with network usage.
Txn fees can also drop, w/ validators still incentivised via MEV. Less fees & MEV wonβt seem as value extractiveπ₯
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Excited to share that Go-Jek acquired a majority stake in @coinsph - Huge congrats to @ronhose - one of the hardest working entrepreneurs Iβve ever met. Canβt wait to invest again in your next venture π₯³ e27.co/go-jek-invests-in-phiβ¦
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It has been a real pleasure working with @SJanuskas @dragos_dydy & @PatrickBarile as they've continuously improved their product/data and rapidly added new features. Product roadmap is π₯ - lot's to be excited about over the coming months
DappRadar announces $5M in Series A funding to consolidate the market-leading position.
dappradar.com/blog/dappradarβ¦
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Opendoor funds raised: $1.9b, value today: $1.7b - value created -$200m
Teachable funds raised: $13.5m, value at exit: $250m - value created $236.5m (also ~breakeven the entire way through)
Perspective, @ankurnagpal is a top 1% founder imo
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I'm using @DappRadar's new #DeFi page every single day. Very excited about new DeFi metrics and datasets they're cooking up to help cut through the noise in this exciting space dappradar.com/defi
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Love this. Justin @3LAU making waves as he revolutionises music ownership, financing and soon the industry at large w/ @OriginProtocol π₯Gradually, then suddenly
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Idk why everyone is so worried. Itβs just 2008 again, adjusted for inflation π
$600 Billion: What Lehman Brothers held in assets when they crashed and took the economy with them.
$2800 Billion: What Credit Suisse and Deutsche Bank control in AUM. 4.6x more.
Credit Suisse is at a 'Critical Moment' now, says the CEO.
What lies in store for the world?π§΅
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Any STEPN guilds yet? Feels like the new Axie
the wallet/gameplay login is not separated, so maybe prevents that industry, for now π€
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Both @jeremysliew & @lightspeedvp continue to be incredible to work with. Pleased to see them back the hugely talented team at @wintermute_t π
1/2 @lightspeedvp is leading the Series A in @wintermute_t, a profitable crypto market maker. I wrote about the company and why we invested here: bit.ly/325bGtd
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Congrats @EvgenyGaevoy @emgurevich @YoannTurpin1. Wintermute is deeply principled & a fantastic partner. Amazing to see you keep the hustle & underdog mentality, even after all of your success π₯
Wintermute has turned 5 years old!
5 years in crypto is a long time. We would like to thank all our partners, counterparties, leaders and team who have made this journey not only possible, but incredible!
A few fun facts that put current market conditions in perspective π§΅β¬οΈ
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Iβm a @zerion_io DAU. New version looking slicker than ever πΈ
The new Zerion has arrived!
Track the entire DeFi market from the same place you track your portfolio π
Explore trending liquidity pools, Sets, crops and more π¨βπΎ
Check out our sleeker, simpler interface:
app.zerion.io
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