Solana Mobile Stack (SMS) coming to new Saga android phone 🤯

Absolutely STOKED to finally have my fav NFTs proudly displayed in my office now 🖼

✅Solana community quickly called out bad actors ✅Ecosystem leaders took decisive action ✅Builders kept building at MtnDAO ✅Usual critics took their shots Love it or hate it, Solana is the best place in crypto to build apps today, and it's not going anywhere.

Thank you Senator Cruz for your support on this issue. You’re right on 🎯and appreciate you. 🙏🏻

Casually playing Pokémon on @solana with the community. So cool… solana.playspokemon.xyz

1/24 I’m excited to announce Reciprocal’s participation in The Graph’s $50m treasury sale led by Tiger Global! We initially supported @graphprotocol in ‘18 and believe now more than ever that it's mission-critical #web3 infrastructure. Here’s why we’re so bullish on $GRT 🧵⏳

Just spent an hour playing around with some ETH bridges, L2s, and DeFi projects. Never been more bullish on @solana, my god.

Crypto sentiment may be low right now, but Webster Hall is currently packed with builders for the @solana NYC Hacker House. 🫡 🛠️ Builders remain undeterred 🛠️

Solana’s culture is for builders. Builders ship apps that appeal to users, and they don’t care if the users share their builder culture. More builders > more apps > more users > more builders…and the flywheel keeps spinning Limiting the ecosystem to only users who share the same culture as the builders bottlenecks the flywheel. To me, that’s a losing strategy.

We've funded three applications on @solana in the last 6-months at @recvcx If you're building something cool hit us up! Actively looking into: >DePIN >Social/SocialFi >RWAs >DeFi >Loyalty/Commerce >Gaming >AI x Crypto

Alpha drop at @solana NYC offices

Gm chat, quick professional update! In 2017, I was fresh off the craziest three years of my career working for a rocket ship AI startup. I wanted to pursue a career in venture capital to work at the intersection of my three passions: financial markets, emerging technologies, and company building. A former colleague from Morgan Stanley connected me to Reciprocal Ventures, a stealth VC firm with no website and half a pitch deck for its first fund. It felt like the perfect opportunity — I would get to research new technologies, invest in bold founders, and help build a new firm. I was a scrappy 20-something with no professional investing experience, pitching “decentralized protocols” and “crypto tokens,” but despite all of that, @Mike9MS gave me a shot. Something I’m still genuinely grateful for to this day. Almost eight years and a few crypto market cycles later, I’m incredibly excited to step into the role of General Partner at Reciprocal. I’m constantly amazed at the level of talent coming to the crypto space, and it’s a privilege to work with such talented founders and teammates at @recvcx. Onward, Upward, Accelerate.

Absolutely PUMPED to be judging @Solana's Grizzlython! Join and get started building for a chance to win $5 million in prizes and seed funding 💰 Sign up here 👇 solana.com/grizzlython

1/ I’m proud to share that we’ve closed Reciprocal Ventures II, our second early-stage fund to continue backing the future of web3! Here are a few theses w/ select examples that we’re actively investing in right now @ReciprocalVC 👇🧵 theblock.co/post/154743/earl…

We often get asked if we’re a “Solana Ecosystem Fund”… NOPE … We just believe it’s the best tech & community in the space.

Ratio incoming…

We believe @graphprotocol is mission critical infra for the buildout of #web3 If you’re building on The Graph, or are working on tooling to support the ecosystem, my DMs are open 📥

This sounds so legit. Gonna be best Breakpoint yet 🌊🏄🏻‍♂️

Made it to the first @solanaspaces last night at Hudson Yards and it was pretty epic: -Wallet onboarding stations (saw multiple ppl use w/o issue), -NFTs + displays, -Ltd edition swag, -@solana pay checkout WAGMI

To the 7,625 new devs in the Solana ecosystem. Jobs not finished IBRL

The constant pursuit of self-improvement. Consistently pushing through pain and failure. Collaborating to build a team where the whole is greater than the sum of its parts. I learned these life skills as a competitive ice hockey player, and this is what draws me to the Solana community.

Who doesn’t love a comeback story? I vividly remember the trenches of Solana just weeks after the collapse of FTX. SOL was traded down to $8 and despite calls for its imminent death, the community forged ahead. Engineering leadership from @toly with an ambitious roadmap, gtm execution from @rajgokal in the face of wild headwinds, and an unstoppable dev community led by an enraged @mert The blood, sweat, tears and belief of thousands of people willed this ecosystem out of the abyss and back to the forefront of our industry. This story is just getting started. Keep moving forward. Accelerate.

👷‍♀️👷 Calling all web3 builders 👩‍🔧🧑‍🔧 @graphprotocol is now accepting applications for their grants program! Apply here for a shot at working with one of the best teams in crypto: airtable.com/shreX09LazIhsg0… h/t: @theklineventure @yanivgraph

Bear markets are where the real work is done. Tourists are gone, builders are building. But the question remains...can crypto change the world? Yes, and here's how: Tokens = Business Model for OSS Fungible tokens are an incentive mechanism tied to the success of an open-source network. Anyone, anywhere in the world, can contribute to the success of these protocols and share in the economics of that achievement. Token incentives are enabling large-scale coordination to disrupt incumbents with moats around physical infrastructure. DePIN projects like @helium, @Livepeer, and @graphprotocol are good examples. Similar token structures are being used to disrupt the multi-sided marketplaces of the sharing economy. @teleportxyz's TRIP Protocol standardizes the backend functionality of a ride-sharing company, enabling lower costs for riders and a higher take rate for drivers. Tokenization of Financial Assets We're in the earliest innings of tokenizing the $500T of financial assets across the world. We're at just over $600 million today, or ~0.00012%. BCG forecasts that $16T of tokenized assets will be on-chain by 2030, a 26,000x increase from today. The world's financial giants are waking up to the cost savings power of blockchains as a financial backend. Stablecoins Tokenizing USD on-chain enables cheap, instant, and programmable value transfer globally. With a blockchain like @solana you can literally send money around the world at the speed of light. Three of the largest payment companies in the world (@Visa, @PayPal, @Worldpay_Global) are embracing blockchain-based payment systems. DeFi Ain't Dead The last two years of unrest across global financial markets, and a banking crisis in the US, have further illustrated the value proposition of DeFi. While we've seen multiple banks shutter in the US this year, the largest protocols in DeFi (@LidoFinance, @Uniswap, @MakerDAO) have continued operating without issue. DeFi offers a viable alternative to blindly trusting banks with your savings and assuming they know how to manage risk appropriately. Tokenization of "Real World Assets" NFTs can be leveraged to tokenize real assets while the blockchain provides a more cost-effective method for issuing, tracking, and managing these assets. We're seeing tokenization in real assets like collectibles (wine, watches, whiskey, fine art) and real estate. Tokenization is simultaneously expanding to intellectual property rights, loyalty rewards, and verifiable in-game virtual goods. The global adoption of this technology is no longer a question of if but when. This bear market has only hardened crypto protocols and the developer ecosystems behind them. Check out my full writeup here: open.substack.com/pub/scalin… Huge shoutout to everyone who provided feedback and guidance on this post, especially: @mert @theklineventure @bennybitcoins @paulbohm @iancummingsnft @Mike9MS @analyticalali

All the teams supporting @graphprotocol exemplify building during the bera 🐻 After years of R&D, decentralized subgraphs can now be built on a chain as performant as @solana 🤯 Insane accomplishment 🔥 @edgeandnode @streamingfastio thegraph.com/blog/indexing-s…

Hey @solana fam, It's time to say goodbye to chewing glass! 👋 We're entering a new age of developer experience on Solana, powered by a new generation of infra & tooling. Enter @heliuslabs ☀️ recvc.com/the-age-of-abstrac…

If you're in NYC and building on @solana, come hang with @marygooneratne @luketruitt @graphprotocol and me on Thursday! eventbrite.com/e/solana-cowo…

Big year ahead for @solana—the future is bright ☀️ solana.com/news/looking-forw…

I want to thank @mert, @calilyliu, @tushar_jain, @kankanivishal, and @maxresnick for participating in last night's debate. It was helpful to hear each position and understand the concerns on both sides. Reciprocal’s stance is that the best thing for Solana is to extend the comment period for SIMD-0228 by 60 days. Reciprocal has been a Solana stakeholder since the network launched and has many portfolio companies supporting and building on top of it. We have spent time debating this internally and have gathered opinions from our portfolio companies that rely on the network. It has become clear that more time is needed to fully evaluate SIMD-0228. As of today, many large stakeholders in the network that we have spoken with feel they need more time to collect feedback from their customers and partners to assess how this could impact their business more accurately. One thing that became abundantly clear after last night’s debate is that most network participants, including us at Reciprocal, are open to innovating on Solana’s network economics. That said, we do not believe there has been sufficient time to properly discuss this update with the vast network of constituents that Solana now supports as a ~$70b network. We’re on board with innovation and change, but this substantial change should not be rushed. Does anyone else agree here?

Brilliant minds are leaving legacy industries for crypto, and they’re choosing to work in the Solana ecosystem. The projects they’re tackling are among the most ambitious I’ve seen in my 8 years in this industry, with the possibility of improving the functionality and performance of the broader internet. Accelerate.

This is a huge UX improvement. The Graph’s core teams just keep on shipping 🚢🛳️⛴️

Packed house at Reciprocal HQ talking all things Only Possible On Solana for #NYTechWeek ☀️

Each year, @graphprotocol becomes more mission critical to crypto. 👨‍🚀 Don’t sleep on it, anon.

1/ New week, new data. More @solana fundamentals coming in hot! 🔥 Let's dig in 👇🧵

Ngl, it was pretty freaking cool to open up the @photofinishgame native mobile app on my phone today and register for races 🏇📲

Much wow. @bonkfun has taken serious market share over the last few days...

Huge congrats to @mert, @nick_pennie, @liamvovk, and the entire @heliuslabs team on raising their Series A! It was an easy decision to double down on this team and their mission to optimize the developer experience on @solana. When I first met Mert in June '22, he was the only other person I’d met who believed that Solana required a dedicated, vertically integrated infrastructure provider to serve its native developer ecosystem. A few short months later, @recvcx co-led Helius’ Seed round. Since then, the Helius team has consistently shipped solutions for serious builders on Solana. Today, Helius has become the leading platform for developers, projects, and enterprises that want to leverage Solana’s high performance and low fees. If you’re interested in building on Solana or working with the Helius team, you can navigate to helius.dev to get started.

Imagine there’s no market It’s easy if you try No rugs or scammers Above us, all-time-highs Imagine all the manlets Livin’ for one-k Ah You may say I’m a degen But I’m not the only one I hope someday you’ll join us And our bags will be as one

1/19 I'm excited to announce Reciprocal’s participation in @3boxlabs $30m Series A led by @multicoin & @usv! We believe @ceramicnetwork's decentralized data network will enable web3 apps to reach feature parity with web2 and is essential infra for #web3 mass adoption. 🧵⏳

Just another day in paradise 🏖 #EmbracetheVOL

Met @mert last night. What a legend.

Pumped to be judging the @colosseum Breakout Hackathon! @recvcx is actively investing in DeFi, DePIN, RWA, Payments, and consumer. If you're building up in the hackathon, give me a shout.

Jet-lagged reflections on Breakpoint v4 This version of @SolanaConf was the best yet. It struck the right balance of scale and duration. It was professional and well-produced while maintaining an authentic feel that was genuine to @solana's builder and product-centric culture. It had all the professionalism of a major industry conference but the vibes and cultural tenor of the Solana ecosystem. Seriously, hats off to @akshaybd and the team for pulling this off. I can’t imagine it was an easy balance to strike, but you did it. My favorite part was the clear focus on ecosystem founders and their products. At least one founder would take the stage between each debate and give a five-minute "product keynote.” I enjoyed these and felt the crowd did as well. The quick pitches kept things high energy and many founders were great at engaging the audience. The Basecamp area had dozens of booths at the center of the venue, and the Gamer Village had another dozen live video games you could play. I walked through this area 20+ times throughout the conference, and it seemed that 70-80% of the booths represented applications. I was surprised at how consistently packed this area was throughout the two days. Everywhere I went at the venue, I could try a new application. I could purchase coffee with @solanapay, play various new games, place a bet on a @photofinishgame horse race, and even claim a bottle of tokenized champagne from @dVINLabs. Solana made all of it possible, but the founders and the results of their hard work received the spotlight. They should receive the spotlight; they made it legitimately fun to use this tech! Solana’s strategy and flywheel are playing out in real-time. More Devs ⇒ More Applications ⇒ More Users ⇒ More Devs…and the virtuous cycle continues. It’s important to note that although the vibes were positive, they were not euphoric or wild. The founders I spoke with felt remarkably grounded. People weren’t getting too caught up in the moment and were not using Breakpoint as a victory lap. It was a small step in everyone’s roadmap. We’re here to do a job; once this job is done, we can refocus on achieving the following key objective or milestone. Accelerate was the unofficial motto echoing around the conference (and the title of our event, lol) —shoutout to @heliuslabs, @FoundationCap, and @ColosseumOrg for co-hosting. Until next year in Abu Dhabi — Onward and upward, and accelerate!

And just like that…a manlet is born 🫡 We’re opening Xmas gifts and my brother-in-law says “today I want to use Solana” 🎅🎄🌅 Thanks to @solflare_wallet and @JupiterExchange the process took 5 minutes and the onboarding UX was smooth as 🧈

Did y’all know there’s a prediction market live on @solana? 🦔📈📉

Love seeing top #defi protocols leveraging @graphprotocol and committing to their decentralized network. 🚀🚀 Great write up @ianlapham thx for sharing!! 🦄🦄

BREAKING: Solana Co-Founder @toly is a Silly Dragon and ❤️’s composability #Breakpoint2023

💯

Inventor of the Madden NFL hit stick... Is building a crypto video game... On Solana... 👀

Fitness accountability is a helluva drug! I got hooked on fitness tech when the Nike+ sensor was released in 2006. Today, I'm a loyal Whoop user. It's hands down the best fitness device I've used, and the app is brilliant for tracking and displaying your data. However, the community element is severely lacking, and the incentive to change fitness behaviors is still mostly left to the individual. Enter @moonwalkfitness, a new generation of fitness app. Moonwalk harnesses your existing fitness data combined with the power of social accountability and financial incentives to help anyone hit their fitness goals and maintain an active+healthy lifestyle. One of the most challenging aspects of maintaining fitness is staying disciplined and motivated over a long-term timeframe. Moonwalk unlocks the power of community and shared responsibility for fitness goals—something we often associate with team sports—and allows anyone with a mobile phone to opt in. Moonwalk leverages the economic coordination capabilities of crypto rails to support financial incentives for users. Every participant is encouraged to bet on themselves, and if they hit their goals, they get rewarded! After a few months of working with @Forculus, @MarbiusC, and @DeadCaitBounce in stealth, I'm super proud to share @recvcx's investment in Moonwalk! 🌗👟 Check it out for yourself: moonwalk.fit/

This week has been a fantastic case study of what's possible on Solana. 70% of Ethereum's DEX volume with only ~3% of the TVL!

Demand for decentralized data is hitting an inflection point 🚀

.@mert is just built different Proud to have backed him @recvcx

gm chat, new pod just dropped on @Lightspeedpodhq We cover: - backing great founders - go to market strategies - investing in protocols vs. apps - crypto needs more product - the rise of O.P.O.S use cases - crypto gaming & so much more! Link below 👇

Best interview follow up I’ve ever seen… @graphprotocol

God, why do you constantly remind me how many devs are on solana?

Props to @Figment_io for opting to delegate part of their grant from @graphprotocol to other indexers in the network, improving decentralization. Congrats to all the OG indexers receiving some $GRT!!! @StakeMachine @MindHeartSoul4 @SemioticAI @MapleNodes @_cryptovestor

Gm chat. Feels good that the market caught up with our bullishness at @recvcx Last year, I posted about how crypto is changing the world. Now that we’ve slayed the bear, I want to revisit some of the top ideas we’re looking to back at R// DePIN I believe we’ve proven that token incentives can bootstrap the supply side for DePINs. But we’re just scratching the surface of the design space here. Where else can token incentives help us distribute impactful hardware? What other types of data can we aggregate at a lower cost than GOOG, META, and AMZN? I'm paying special attention to go-to-market strategy and improved token economics here. Despite the robust supply-side networks that have been built, on-chain revenue is still relatively low (~$15m/yr.); need more focus on connecting the supply side to the ideal customers / demand side. Prioritizing on-chain revenue earlier will fill in for the decay in inflationary rewards, keeping yields higher for longer on the network. What kind of demand-side token models could help incentivize users? RWA Real World Assets are another area where we’re just scraping the surface of what’s possible. We have ~$150b in stablecoins or FX / Currency assets on-chain, that’s only going to continue to grow. But outside stables, we have ~$1.4b in financial assets on-chain, like private credit, real estate, and treasuries. For context, there’s roughly $500 trillion….TRILLION with a T…in financial assets globally. We have a lot of wood to chop! ...and what about onboarding non-financial assets? I’ve seen some cool things in the collectibles space, like @clubdvin in the wine mkt & @BAXUSco in the whiskey mkt, where blockchain can become a unified backend for a historically analog industry. Token incentives can then be layered into the network to connect producers directly with consumers, creating a loyalty network akin to AMEX points or airline miles. What other industries will leapfrog over basic web2 digitization and go straight to web3 for the additional benefits of a shared ledger? What other industries would benefit from the addition of customer loyalty programs via token incentives? AI x Crypto Serious question, is it compute or data that's the spice of AI? A ton of focus has been put on the intersection of DePIN and AI, but I think the more interesting long-term opportunity lies in crypto’s ability to enable verifiable data and content. Having previously worked in AI, one of the first things you learn is that data quality is priority number one; otherwise, it’s garbage in / garbage out. Now that generative AI has been widely adopted, it’s becoming increasingly difficult to determine the authenticity of data and content. Blockchain is a perfect solution for storing a cryptographic signature associated with model inputs and outputs. I've seen a few promising projects in this area, like @getgrass_io for scraping, cleaning, and prepping unstructured web data and @OraProtocol for verifiable AI-generated content. Anyway, just a few of the things we're stoked about at @recvcx - if you're building in crypto hit us up! [Rant over]

Invested in seed round, still hodling

Eventually, we’ll see an entire distributed economy of web services providers form around the subgraphs of @graphprotocol. It’s still so early, but starting to see certain power dynamics play out amongst indexers 👇🏻👇🏻

Mmm Solana content so good

Real money racing in the AppStore now from @photofinishgame 🏇🔥

Excited to chat with a few legends today about raising from VCs! 11:00AM @ Solana Founders Summit See you there!

The source:

A few things I did on-chain today: -entered 4 races on @photofinishgame 🏇 -checked my portfolio on @KaminoFinance 🏦 -downloaded the @getgrass_io extension & signed up 🦕 -checked @clubdvin to see if there are any new wine drops coming up 🍷

The legend himself demoing @SolriseFinance #SolanaBreakpoint

We’re entering a new era at Reciprocal, scaling into public markets. We’re hiring a killer investor to help lead that charge. If you live and breathe crypto, know how to find edge, and want to help build a top-tier investment firm…let’s talk 👇

Chief Ratio Officer @mert takes the stage

1/ I'm incredibly proud to announce that @ReciprocalVC led @Gateway_xyz $4.2m seed round! Gateway is one of the key building blocks required to achieve secure, digitally native reputation & identity—one of the biggest opps we’ve seen in web3, w hundreds of potential use-cases

Going to @MessariCrypto #Mainnet2021? Come hang with @Saber_HQ, @BlockdaemonHQ, @SolanaMBS, and @ReciprocalVC! I heard there's a monke or two up for grabs 🐒🐵 h/t @michellelsun 🙌 eventbrite.com/e/i-sol-recip…

Solana’s Token Extensions fundamentally change the game for what’s possible on public blockchains. OK, but how? Token extensions were designed specifically with large enterprises and institutions in mind. Now, businesses can execute payments and tokenize assets on a public blockchain while simultaneously maintaining regulatory compliance *and* composability with other Solana programs and data. This is a massive milestone for Solana and our industry. TL;DR: Permissioned blockchains just became a thing of the past.

Y dog coins u ask? It was right in front of us the whole time…

Don't gamble the success of your project on infra providers that are spread too thin across 100+ chains and L2s. If you're building on Solana, @heliuslabs is the logical choice.

You love to see it. Solana is going to be the de facto choice for on-chain payments. Parallel processing + local fee markets ftw

The team at Third Time is COOKING

Sir, we are in the wrong business

Need to get @toly a black turtleneck, tho…

We are SO back

It’s a passion of mine. Never cancel, never surrender.

'22 New Years Resolutions: ✅ Merge my profession (web3) and my #1 hobby (golf) 🟩 Buy a golf course 🟩 Play more golf LFG 🏌️⛳️ @linksdao opensea.io/assets/0x69611576…

SOLANA is the future.

Just bought a tshirt at @EmpireDao using @solana pay UX smooth as 🧈 ☀️ THE FUTURE IS BRIGHT ☀️

We’re diving deep into crypto x AI at @recvcx and are actively looking to back founders in this space. If you’re building something in any of the below areas hit us up!

Last week marked the start of my eighth year investing in crypto at @recvcx. In this next phase for RV, we are doubling down on crypto again. Even eight years later, it feels like just the beginning.

Thank you, Ryan. You sparked the fire here and crypto should be forever grateful. 🫡🇺🇸

We're hiring an Associate at Reciprocal! This is an opportunity to: 1⃣ Live on the front line of crypto innovation 2⃣ Back category defining companies 3⃣ Work with the most talented founders in crypto If you're hungry and relentlessly curious, apply at the link in the next post 👇 🐇🕳️

Big things coming from the Kamino team; buckle up

Hey NYC crypto frens! @ReciprocalVC is co-hosting a belated @solana Frensgiving this Thursday 11/30! 🦃 RSVP at the link below 👇

ACCELERATE 9.20.24

Productive team outing at the track today @photofinishgame 🏇🌹

2/24 @graphprotocol improves the UX of web3. The Graph solves what’s commonly referred to as the blockchain “read” problem, where the block-based data structure makes it difficult for dapps to query on-chain data in a fast and cost-effective manner…

Drip secured. ✌🏻 out Miami and thx @solana community for the sultry vibes

GAH, so excited Graph Day is back!!! 👨‍🚀

For anyone participating in Sandstorm, the whole team @ReciprocalVC is here to help! Reach out to @analyticalali @Jkuzon @elle_leemay and myself at any time

gm00 I'm so excited to share that we've backed the @doublezero team! DZ is attacking the final frontier of scaling blockchains, the network layer. tl;dr - IBRL

Oh, you think UX is your ally. But you’re merely adopting product focus; @solana was born in it, molded by it. @toly has been use-case focused since “Blockchain at NASDAQ speed”, since then it’s been nothing but SHIPPING!

It's a BIG day for decentralized data