How to Accelerate Zero-Knowledge Proofs (ZKPs). Our new research piece by @tracecrypto1: figmentcapital.medium.com/ac…
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Proposing a New Mechanism to Decentralize Sequencers - Distributed Sequencer Technology.
Our new research piece by @DougieDeLuca:
medium.com/@figmentcapital/d…
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MegaETH public testnet goes live today.
Huge congratulations to the entire team behind building the future of realtime blockchains.
Today, @megaeth offers unparalleled performance with 10ms blocktimes, 20,000 tps, and 1.7 gigagas/s.
We're excited for the public to try out all the applications live on testnet today including @noise_xyz, @GTE_XYZ and many others. There will also be more applications onboarding to testnet over the next few weeks such as @Euphoria_fi and @avon_xyz
March 21, 2025 will be remembered as the day we took steps forward to making ethereum great again
Introducing the MegaETH public testnet.
20,000 tps / 1.7 gigagas/s of pure, single-threaded performance alongside 10 ms blocktimes.
You will remember what real-time feels like.
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@FigmentCapital has been closely monitoring the @SuiNetwork Testnet.
Here's an overview of our findings from Testnet Wave 1 👇🧵
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We monitored the @SuiNetwork Testnet Wave 2.
We analyzed the token economics, validator infrastructure, and network stability and are publishing an overview of our results.
figmentcapital.medium.com/su…
Here are some key takeaways from our Suit Testnet Wave 2 report:
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Figment Capital is excited to announce our investment in @Mysten_Labs $300M Series B round.
figmentcapital.medium.com/in…
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We're excited to be backing the @burnt_xion team in their goal to bring more users on chain by entirely abstracting blockchain interactions into the background and enabling frictionless payments that resemble how consumers and businesses transact in web2.
XION has raised an additional $25M to continue making crypto accessible to everyone, everywhere.
ALT XION layer one blockchain has raised an additional $25M to continue making crypto accessible to everyone, everywhere.
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The next billion web3 users will demand better safety guarantees, performance, and usability.
@Mysten_Labs is at the forefront of building the next generation of blockchain tech designed to support those demands.
We're proud to be a part of their Series B fundraising round. 😇
📢: Today, we're excited to announce our $300M Series B funding round. This milestone signals the technical strength & immense potential of our Sui ecosystem. #Suinami🌊 1/🧵
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What you need to know about @anomanetwork.
The intent-centric, privacy-preserving blockchain:
👇 🧵 by @tracecrypto1
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Liquid staking tokens are becoming a base asset in DeFi.
There are dozens of liquid staking protocols. But how do they work?
A 🧵 on designing liquid staking protocols:
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Excited to co-lead @0xFastLane's $6M Strategic Round with @dba_crypto. Fastlane is bringing best-in-class MEV infra to @monad_xyz, capturing value across both network & app layers.
Fastlane Labs is excited to share we've raised $6M led by @figmentcapital and @dba_xyz to build the first-ever Holistic Liquid Staking Token, exclusively on Monad.
We're building towards long-term, positive-sum MEV on Monad; where users, dApps, and stakers all stand to benefit.
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Announcing our open source Tezos Batch Payment management software for bakers medium.com/figment-capital/a… @TezosFoundation @tezos
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We'd like to officially welcome @0xMadSped to the Figment Capital team.
Having the pleasure of getting to know and work alongside Mads over the last two years, it is clear that he is the perfect fit for the type of culture and work ethic we aim to achieve.
Whether it's discussing new technical topics, opportunities in the market, or where the future of our industry is heading, Mads brings opinions that challenge the status quo and make us better as a team and as professionals.
Welcome aboard sir 🫡
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The interchain liquid staking protocol, @quicksilverzone.
A sovereign Cosmos-SDK zone designed to provide a seamless and scalable liquid staking solution for the Cosmos ecosystem.
🧵👇 by @DougieDeLuca
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Check out @tracecrypto1 and @VelvetMilkman's full write-up for a detailed analysis of the @SuiNetwork Testnet. 🌊🏄
figmentcapital.medium.com/su…
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We've been backing @osmosiszone since day one and we are thrilled to be supporting them with their vision for @Polaris_App.
For years the Osmosis team has worked tirelessly to create a best-in-class DEX trading experience and this is another critical step in fulfilling this mission.
A single destination for trading any token with best in class execution quality, the Token Portal stands to unlock and expand the CEX experience on-chain.
🚀 Excited to finally announce Polaris.app – the Token Portal, a game-changer that will elevate @osmosis to the next level.
From any wallet, one-click trade all tokens across all chains.
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Figment Capital was an early supporter of @PersistenceOne and is excited for what they've done and their growth plans for 2022.
1/ We started building on @Cosmos when it was not cool
There was no hype, no funding, no ecosystem, no builders
But we had belief in the app-chain model and Cosmos’ significant role in the industry
A thread on our journey @PersistenceOne
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Congratulations to @megaeth on the recent fundraise! We’re excited to announce our investment in MegaETH alongside an incredible group of investment funds and angel investors. Immediately after our initial meeting co-founders @yilongl_megaeth and @yangl1996, we knew we had to back their team. Following our commitment, the addition of @hotpot_dao to the founding team has made them a force to be reckoned with.
MegaETH is rebuilding the virtual machine from the ground up for hyper-performance. By accelerating SLOAD, parallelizing the EVM, using AOT/JIT Compilation, and introducing more efficient data structures, MegaETH is building the first real attempt to scale ethereum via Layer 2s.
We believe the MegaETH team will develop the most performant rollup ever built and are excited to be joining them on this journey.
Proud to announce MegaETH's $20M Seed Round
MegaETH is the first Real-Time Blockchain, streaming transactions at 100,000 TPS with millisecond latency
Our mission is to turn cutting-edge ideas into everyday reality with fully onchain, interactive & sophisticated apps
✨Story time✨
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When we met @spjoleh, we saw an ambitious founder reimagining the way that app-chains can be built. Ole set out to do something different with @deltadotnetwork. We deeply believed in his vision and decided to make our first ever lead investment.
figmentcapital.medium.com/ou…
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Celestia is more than a new chain: it’s a paradigm shift.
By unbundling the blockchain stack, @CelestiaOrg brings greater sovereignty and scalability to Web3.
We look forward to supporting them on their mission to build a more modular future.
figmentcapital.medium.com/in…
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Huge congratulations to @deltadotnetwork on their public announcement.
The @FigmentCapital team has been fortunate enough to work with @spjoleh @riabhutoria @MylesOneil and @0xFunk across several verticals in the past. Having the opportunity to work closely with every member of their team on a single project has only increased our excitement in delta's future.
We co-led @deltadotnetwork's pre-seed round last year alongside @Maven11Capital and were follow-on in their most recent round, joining many great investment funds.
The team delta has assembled as well as the speed of development have been inspiring to witness. Almost every week they've made huge strides forward on their roadmap. The impressive team they've assembled so quickly offers a perfect balance of technical expertise and real world experience, making them one of the most stacked early-stage teams we've backed in recent memory.
We're looking forward to sharing more on our underlying thesis in the coming days and are thrilled to be working alongside such a great team of builders and investors.
^
Introducing delta, a network of networks with shared state
delta is an integrated system, built from the ground up to break the trade-off between sovereignty and interoperability for developers
We’re thrilled to announce $11M in funding to realize this vision
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Sui Testnet Wave 1 ran from Nov 10th to December 3rd.
During this time, we worked closely with @Figment_io's devops team to monitor the network and index all on-chain activity.
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🤫 @namadanetwork
The privacy blockchain for any asset.
Our 3rd of 3 threads on @anomanetwork by @tracecrypto1:
👇🧵
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The network reached 327 TPS without faltering, though we expect future waves to see significantly higher throughput.
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The architecture behind Anoma, the intent-centric blockchain.
Our 2nd of 3 threads on @anomanetwork by @tracecrypto1:
👇🧵
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@Mysten_Labs is building a high-performance blockchain called @buildonsui.
Our very own @tracecrypto1 explains why founders building next-gen web3 applications will turn to Sui.
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Developers are critical to any Web3 ecosystem and @archwayHQ rewards them directly by having dapp incentives baked directly into the protocol. 😎
We are thrilled to be supporting the Archway vision in their recent funding round! 🥳
NEW: @cosmos protocol @archwayHQ has raised $21 million in a funding round co-led by @coinfund and @hashed_official.
@BrandyBetz reports
trib.al/GOoUblK
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Overall, Testnet Wave 1 was a success in achieving basic network stability.
Since developers were still advised to use devnet, testnet activity was mostly simple test transactions by a small number of Sui ecosystem teams.
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We've heard "crypto is gaining mass adoption" for the past 9 years.
We've been hearing it almost as long as we've been in crypto.
Now that it looks like it's happening, few have bothered to ask whether we're prepared for this moment.
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Cross-chain degens need safe and reliable cross-chain infrastructure.
We are proud to be supporting @nomadxyz_ in its seed round and all of the web3 bridgoooors! 🥳🔥
gm! We’re excited to announce that we’ve closed our $22M seed round led by @polychain, and with participation from @1kxnetwork, @etherealvc, @hack_vc, and many other amazing funds and angels!
blog.nomad.xyz/nomad-raises-…
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120 methods were used across 63 smart contracts.
We anticipate these numbers will grow considerably once more developers begin deploying contracts in later testnet waves.
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Our team has been working alongside @ItsAlwaysZonny and @sinitias for over a year. Today, we're excited to share Figment Capital's investment in @initiaFDN's $7.5M seed round.
The future is interwoven.
Interwoven rollups will bind together the modular future.
Initia is proud to announce our $7.5m seed fundraise led by @Delphi_Digital and @hack_vc along with prominent angels @cobie, @dcfgod, and @SplitCapital to build a network for interwoven rollups.
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🔥 Huge congrats to the @fluxprotocol team! We are happy to be a part of this funding round and we look forward to supporting the Flux mainnet!
#NEAR congratulates @fluxprotocol on successfully raising $10.3m during their seed round! 🎉
Flux Protocol on #NEAR is building the Future of Open Finance.
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In the current transaction supply network, a significant portion of MEV value is captured by searchers, builders, and validators. The source of MEV opportunities (namely users and DApps) do not participate or enjoy the redistribution of MEV earned from their on-chain activity.
While some products have recently come to market to help “refund” users for the value extracted from their transactions, the only viable way for applications to control the blockspace they take up, is to build an app-chain. This results in diminished UX and fractured liquidity across a disparate number of rollups and mini-ecosystems.
Users and DApps are third class citizens, on the platforms they help elevate and build into prominence.
@SemanticLayer addresses this problem head-on by offering a generalized/universal meta-aggregation network to application developers, allowing devs to utilize transaction patterns for any application and help regain control over the blockspace they consume.
We’re excited to announce our $3M seed round, led by
@FigmentCapital, with participation from @hack_vc @robotventures @BanklessVC @anagramxyz @fenbushi and @perridonvc to bring Application-Specific Sequencing to dApps.
Join us to Make dApps Great Again: slay.semanticlayer.io
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Special thanks to @OisinKyne, @StakeETH, and the @ObolNetwork team for their close collaboration throughout.
Also many thanks to @neelsomani, @0xkrane, @ballsyalchemist, @VelvetMilkman, and many others for their feedback and contributions.
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Credentialing:
Instead of whitelisting reputable validators, LSPs can allow permissionless validation if validators have met some minimum criteria.
For example, @BenqiFinance on Avalanche allows anyone to be a validator as long as they meet certain requirements:
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Huge congrats to the @turnkeyhq team on their recent fundraising announcement! Turnkey is already powering up to 100K+ transactions everyday. We're excited to support secure, scalable wallet infrastructure that offers developers flexibility and users self-custodial solutions.
We’re excited to announce that Turnkey has raised a $15m Series A, co-led by @FactionVC and @GalaxyHQ!
Turnkey is secure, scalable, and flexible wallet infrastructure. Our composable onchain primitives help developers build innovative products in crypto.
turnkey.club/blog
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We're have been following the @initiaFDN team since their earliest moments as a team and are thrilled to see them continue to make their vision a reality and build towards an interwoven future.
Congratulations on the raise as we approach mainnet!
All your chains are belong to us 🪢
Initia is excited to announce our $14M Series A fundraise led by @ttunguz and @SpencerFarrar at @theoryvc with @Delphi_Ventures and @hack_vc doubling down.
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We've all seen the staggering $3 billion in losses from blockchain hacks. It’s a reminder: despite the innovation, blockchain’s security still has a long way to go.
But how prepared are we to protect decentralized apps from these threats?
Today, we are announcing our $4.5m pre-seed, led by @FigmentCapital and @nascentxyz with support from @robotventures, @hash3xyz, @BanklessVC, @breed_vc, and @publicworksfm.
We will use these funds to develop The Credible Layer, a hack prevention protocol.
Here's the story (there are some twists and turns):
On August 1st, 2022, Nomad lost $190 million in one of crypto’s largest hacks—a turning point for @odysseas_eth, a protocol engineer at Nomad.
Conversations with users, founders, and engineers revealed a sobering truth:
Many can’t sleep for fear of being hacked; some have even left the space entirely. We’re not just losing the best builders and teams to hacks—we’re losing them to the fear of hacks.
Read the full announcement here: phylax.systems/blog/phylax-s…
It should be obvious at this point, that one of the primary hurdles to adoption en masse is the BILLIONS of dollars of hacks that occur every year.
Current solutions, like fuzzing, next block mitigation, and frontrunning protection, are valuable but by no means a silver bullet. They patch the problem—they don’t solve it. We need security that can’t be bypassed and is verifiable.
This is what Phylax Systems is on a war path to deliver.
We’re building the Credible Layer, a proactive security layer that allows dApps to define hack-prevention rules and communicate them to the block builder, specifying states they want to prevent. The assertion enforcer checks each transaction against these rules, stopping hacks before they happen.
It is non-invasive and is functionally a coordination mechanism between dApps and the base layer, keeping dApps sovereign and secure.
The Credible Layer is also fully transparent—anyone can view a dApp’s security rules and verify their enforcement. dApps pay fees for this validation, ensuring their assets remain safeguarded.
Some may question the reliance on trusted entities to enforce these rules. However, this model builds on the trust assumptions that already underpin much of blockchain infrastructure; for example, a small number of entities currently support over 90% of Ethereum’s block production.
We’re not advocating for increased centralization but rather creating new security mechanisms on top of existing, industry-tested trust structures.
Regulators have scrutinized our industry due to high-profile hacks, and while their intentions may not always be entirely impartial and fair, this particular concern is valid. The recent $53MM Radiant hack underscores just how far we still have to go.
It’s up to us to prove that security isn’t an afterthought but a core component of every crypto project. As an industry, we must prioritize security in our designs, our products, and how we position ourselves to users—it can no longer be secondary.
As @nic_carter said:
“We’re long overdue for moving DeFi hack mitigation from reactive to proactive, and Phylax is leading the charge.”
We don't want to scar the mainstream as soon as we onboard them. We need security that makes them feel safe. We intend to make this a reality with the Credible Layer.
To get the full picture of the Credible Layer, read the Whitepaper (we just released it): github.com/phylaxsystems/cre…
And if you are interested in joining the waitlist for the Credible Layer please reach out here: phylax.systems/credible-laye…
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Rather than track the price of the underlying asset, they increasingly unpeg and grow in value related to the underlying asset.
@Rocket_Pool’s reward-bearing token rETH trades at $1,628 while ETH is currently at $1,591.
Over time, this price gap will continue to widen.
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We have been thinking about the role MEV will play in Proof-of-Stake networks for over a year. It's important a solution can be created that helps advance protocols + ecosystems.
Then we spoke to the team @SkipProtocol... and haven't stopped speaking with them since.
We are proud to announce that Skip Protocol has completed a $6.5 million seed round to support the development of MEV infrastructure for the Cosmos ecosystem!
A little bit on why we're we're embarking on this journey below...
1/
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Validator Selection Process:
The biggest choice every LSP makes is how to select its validator set.
Ideally, the protocol could support permissionless, decentralized validation.
But this is hard.
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Today, validating on Ethereum isn't simple and comes with considerable risks.
Distributed Validator Technology (DVT) removes the single point of failure risk Ethereum validators currently face by distributing the responsibilities across a cluster of node operators.
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Preconfirms have been one of the hottest discussed topics in the Ethereum research community over the past few months.
Yesterday, preconfirms transitioned from an abstract concept to a concrete reality.
Huge congrats to the @primev_xyz team and their release of mev-commit going live on Ethereum mainnet.
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Exciting news! Our very own @menzel_clayton will be hosting a panel on the next generation of staking with guest from @eigencloud @galaxyhq and @ObolNetwork
Excited to be speaking at @DystopiaLabs DeFi Denver tomorrow with @eigencloud @galaxyhq and @ObolNetwork 😇
Join us at 1pm MT as we discuss "The Next Generation of Staking"
More Info: 2023.defi-denver.com/
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As an operator-investor, we believe that applications require compelling infrastructure.
That's why we're focused on identifying, supporting, and operating the most important infrastructure in Web3.
Learn more about who we are and what we're building. 👇
figmentcapital.medium.com/fi…
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DST offers L2s a promising new way to incrementally decentralize. Regardless of the features a rollup is optimizing for, the benefits from adopting DST span across several preferences.
We are excited to introduce the concept of DST in full detail here:
medium.com/@figmentcapital/d…
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The new Figment Capital website is live! 😇
👇
figmentcapital.io/
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gmove - we are excited to be supporting @movementlabsxyz.
Movement brings critical unlocks to Ethereum starting with the first Move-EVM L2.
Offering a safer and more performant environment for users and developers, Movement truly accelerates Ethereum.
gmove world.
Today we are thrilled to announce our $38M Series A led by @polychain
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🥳🔥 We are proud to be supporting @ComposableFin in their latest funding round! 😇
Composable Finance is pleased to announce that it has raised over $32 million in Series A funding. This latest round of funding marks another step in Composable’s journey to achieve blockchain agnosticism in DeFi and the broader Web3 space.
composablefi.medium.com/comp…
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DST provides a step towards decentralization; rollups can share sequencing duties with more third party operators.
The setup shares resemblance to PoA and helps reduces the risk of censorship for a given rollup.
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As we dove deeper into DVT, we wondered whether the same methodology could help decentralize the current centralized sequencing process and lead us to investigate whether Distributed Sequencer Technology could help progressively decentralize L2s.
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Despite the short-term impact FTX’s collapse will have on the space, the development of a more accessible, antifragile, and decentralized internet will continue unimpeded.
The vision of trust minimization and transparency has come full circle.
figmentcapital.medium.com/de…
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Congratulations to the @anomafoundation on successfully completing it's 3rd fundraise.
We're excited to be early supporters of @anoma and believe the teams building out their vision is one of the most forward-thinking teams in the space.
@anomafoundation just announced @anoma's 3rd fundraise, co-led by @CMCC_Global
With the participation of @ElectricCapital @Delphi_Digital @Dialectic_Group @KR1plc @TheSpartanGroup @NGC_Ventures @BixinVentures @wagmi_vc Anagram and Factor among others
blog.anoma.net/the-anoma-fou…
ALT Overview of Backers in the Anoma Ecosystem
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DVT helps further decentralize Ethereum's consensus layer while also promoting greater client and geographic diversity amongst the Ethereum validator set.
It improves liveness guarantees and offers a fault tolerant solution for node operators.
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Sequencer decentralization won't follow a "one-size-fits-all" model. Single sequencers are problematic for most rollups considering the single point of failure risk.
For rollups less interested in decentralization, it still offers benefits.
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DST's ability to achieve fault tolerance while also promoting greater client and geographic diversity provides an important improvement in liveness.
It ensures rollups continue to operate even when one or more components fail.
This is an almost universal need across rollups.
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Special thanks to @BrianRetford, @leofanxiong, @0x0ece, @nemothenoone, @anthonykrose, @throughnothing, and the @penumbrazone team for great discussions and feedback which contributed to this piece.
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Article written by: @tracecrypto1 & @VelvetMilkman
Special thanks to: @Figment_io, @BwareLabs, & @zmagelinskas
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Find someone who looks at you the same way @VelvetMilkman stares at shared security.
Check out the exhaustive list of questions posed to AVSs and LRTs in his recently posted, "Exploring AVS Protocol Design &AVS/LRT Agreements"
acrobat.adobe.com/id/urn:aai…
I realize there are way too many questions and don't expect them to be filled out with answers. Rather, these are questions I've been asking myself and hope others building AVSs have given thought and consideration towards as they continue to build.
acrobat.adobe.com/id/urn:aai…
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In either scenario, DST shows significant promise in helping to solve several issues that have been identified in sequencing today.
We believe DST is a practical solution that L2s/rollups of all kinds should consider implementing.
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DST does not require rollups to decentralize.
In a distributed sequencer, a central organization can remain in control of sequencing by operating the entire cluster.
These entities can forego the PoA-type setup described earlier and remain centralized.
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ZK Rollups + EVM-compatibility = zkSync v2 Congratulations to the @zksync team. We're excited to rollup our sleeves and try out the public testnet. It was great meeting some of you in Denver last week.
ZK Rollups capable of general computation are often considered key to Ethereum’s endgame, but a year ago, leading researchers believed we were many years away.
Today, we’re launching the first EVM-compatible ZK Rollup on public testnet.
medium.com/@matterlabs/zksyn…
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For most Ethereum-equivalent rollups, like @optimismFND, implementing #DST shouldn't require a heavy lift.
The rollup has already adopted most of Ethereum's infrastructure and code. BLS signature support is one of the few changes needed to implement DST on the L2.
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Our latest piece from @VelvetMilkman on Cosmos Hub minimalism, shared security, and the evolving landscape of Replicated Security👇
Balancing Security in a Shared Cosmos:
Our latest article @FigmentCapital dives into the Cosmos Hub's approach to blockchain security, highlighting the innovative Replicated Security model. figmentcapital.medium.com/at…
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Our new research piece by @tracecrypto1 is a deep dive into the ZK proving economy.
We evaluate the paths to decentralizing provers, designs for building proof markets, and the requirements for running ZK infrastructure.
Decentralized proving, proof markets, and ZK infrastructure.
Our latest research piece on emerging trends in ZK.
figmentcapital.medium.com/f4…
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Figment Capital is excited to share our recent participation in @ValantisLabs Seed Round. We're particularly excited to support the the vision of modular liquidity and exchanges.
We've raised $7.5M in total funding across Pre-Seed/Seed to build Valantis, The Modular Exchange.
Led by @cyberfund, @SevenXVentures, and @KrakenVentures.
The Modular DEX will reinvent how we interact with liquidity and build the next era of DeFi.
How you can help:
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Through DST's flexibility, rollups can approach decentralization as they choose and still achieve the liveness guarantees they need.
A game studio's app-specific rollup might remain centralized and a general-purpose rollup might use it as a step towards maximal decentralization.
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Since first meeting @LucasKozinski and @kratikl_, it has been remarkable watching Renzo work, grow, and succeed.
They've demonstrated a profound ability to execute upon what was only a vision 6 months ago.
In this next step forward, Renzo begins the next chapter in its journey.
1/ We are excited to announce that April 30th, 2024 will be the beginning of the decentralization of the Renzo Protocol.
$REZ
Full details in the post below:
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ZKPs allow a party to prove a statement to another party without revealing any additional information beyond that the statement is true.
Though this primitive has existed since the 1980s, it wasn’t until the emergence of blockchain that ZKPs found practical applications.
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“Cosmos Delegator and Validator Economics” @ajcronk medium.com/figment-capital/c…
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We envision a future where thousands of decentralized, sovereign rollups exist.
@AstriaOrg is Decentralized by Default.
The Shared Sequencer Network offers sovereign rollups decentralized sequencing while ensuring censorship resistant txn ordering & cross-rollup composability.
We can now replace centralized sequencers.
Introducing Astria’s shared sequencer network.
blog.astria.org/introducing-…
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Our intern, @VelvetMilkman, joined @MylesOneil and @MikeIppolito_ for the newest episode of @thebellcurvepod where they covered restaking & shared security from a variety of angles.
NEW POD: Restaking & Shared Security Lessons Learned
@MikeIppolito_, @MylesOneil, and @VelvetMilkman unpack:
- Intersection of restaking and shared security
- Lessons learned from Cosmos and Polkadot
- LSTs vs. LRTs
- Emergence of Solana L2s
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We are proud to be supporting the @CelestiaOrg team and its vision for a more modular world!
We look forward to seeing developers leverage Celestia to create more scalable, interoperable, and sovereign blockchains. 😇✨
Today, we announce our $55M raise to launch a modular blockchain network so that anyone in the world can easily deploy their own blockchain.
blog.celestia.org/celestia-r…
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What is Namada?
@namadanetwork is a proof-of-stake L1 for interchain asset-agnostic privacy. Namada is natively interoperable with all IBC-enabled chains and Ethereum. All asset transfers will be indistinguishably private, regardless of the asset's obscurity or trade volume.
#interchain asset-agnostic privacy is around the corner...
What can you do with Namada?
For example, retrofit privacy to any of your tokens from:
- @ethereum (ETH, stablecoins, NFTs, ...)
- @cosmos @osmosis or any other IBC chains
...and much more: blog.namada.net/what-is-nama…
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For a more detailed explanation of MSMs and NTTs, as well as an overview of how they can be accelerated on hardware, check out our research piece!
medium.com/@figmentcapital/a…
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@anomanetwork is one of the most original blockchains we’ve seen. It's dramatically new system breaks many of the existing models of blockchains.
Because of its originality, it can take a while to understand.
In this 1st of 3 threads on Anoma, we break down its core concepts.
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Heading to @EthCC? Don’t miss Unaligned Day, a side event where @VelvetMilkman will be discussing Conflicts of Interest
RSVP here: lu.ma/uldjsh9d
We're excited to co-host this event with @0xFastLane, @primev_xyz, @ionprotocol & @blocknative.
Dissatisfied with the status quo?
Something you want to get off your chest?
Take it easy, anon. Breathe....
Don’t miss Unaligned Day, a dedicated side event focused on collectively shouting into the void where we (ideally) offer a few alternatives to the existing social & economic norms everyone has grown so accustomed to recently.
I'll be speaking on a timely topic that is near and dear to my heart. I can think of a few people that could probably use a quick refresher.
Conflicts of Interest 101
RSVP here: lu.ma/uldjsh9d. We're excited to co-host this event with @0xFastLane, @primev_xyz, @blocknative and @ionprotocol
ALT http://lu.ma/uldjsh9d
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We're thrilled to have led Predicate's Pre-Seed fundraise last year and are excited to be working with such a tremendous group of co-investors to bring more diverse use cases and users on chain.
figmentcapital.medium.com/ou…
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There are two main bottlenecks in ZKP generation: Multi-scalar Multiplications (MSMs) and Number Theoretic Transforms (NTTs).
These operations alone can account for 80–95% of the proof generation time, depending on the ZKP’s commitment scheme and specific implementation.
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Our very own @VelvetMilkman shares some insights on our fund and his background.
🚨 Scenius Studio (Episode #38)
In this episode, I sit down with James Parillo (@VelvetMilkman), Managing Partner of @FigmentCapital.
Following a career in taxation and accounting, Jim developed an expertise in digital assets, which opened up the door to the world of venture investing. Now, as part of a collaboration with Figment, the industry's leading institutional staking provider, Jim and his team invest into critical infrastructure and middleware supporting the growth of the blockchain industry.
In this episode we discussed:
➔ Helping out early-stage blockchain businesses think about their operations
➔ Why EigenLayer’s version of shared security is poised for success vs. other previous attempts at the concept
➔ Liquid Restaking Tokens (LRTs) and the dynamics of delegating ETH to provide security to AVSs (Actively Validated Services)
➔ Interoperability via IBC and account abstraction that will unleash the power of app-chains built on Cosmos
➔ The benefits of the Move programming language and the implications for apps built on a Move L1 like Sui
➔ What are '“Intents” and the utility of this primitive beyond more efficient transaction routing
➔ Jim’s spiciest takes 🌶
open.spotify.com/episode/35R…
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Wave 2 ran from Jan 25th to Feb 15th.
The central focus of Wave 2 was network economics.
The @Mysten_Labs team used Wave 2 to better understand how Sui’s economics will function during Mainnet; it also helped validators gain familiarity with the chain’s unique tokenomic model.
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Figment Co-founder @ajcronk on @villageglobal Ventures Stories podcast with @jbrukh @MeherRoy on Crypto Native funds pca.st/VDxv
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Lending is a core primitive to any mature DeFi ecosystem. Figment Capital is excited to be joining the $6M round funding round into @suilendprotocol.
We're thrilled to announce that we've raised $6M led by @robotventures!
This funding fuels our mission to build Sui's DeFi Suite, a comprehensive lineup of products aimed at driving Sui DeFi forward 🧵
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To read more about Sui’s token economics and the results from our Sui Testnet Wave 2 analysis, check out the full report here:
figmentcapital.medium.com/su…
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Our latest piece from @tracecrypto1 on the application layer and potential paths to increasing its adoption 👇
Revisiting the Application Layer:
In our latest piece at @FigmentCapital, we introduce a framework for categorizing blockchain applications, and share our view on how to increase their adoption.
figmentcapital.medium.com/gr…
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Now Hiring:
I am officially stepping down as Chief Shitposting Officer at @Figment_io & @FigmentCapital
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This is attainable as staked assets never leave native chains when liquid staking on Quicksilver.
But…how? Well Quicksilver uses Interchain Queries so assets remain on their native chain as a user mints their qAssets.
For both security and UX purposes, this is optimal.
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NTTs, also referred to as Fast Fourier Transforms (FFTs), are the second key bottleneck in ZKP generation.
A common step in ZKP generation is to evaluate a polynomial to demonstrate that it equals a certain output. In ZK, these polynomials are represented by arithmetic circuits.
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Core to Quicksilver’s design are modules that are becoming integral within the Cosmos.
These modules are:
- @iqlusioninc's Liquidity Staking Module (LSM)
- Interchain Accounts
- Interchain Queries
For more information:
github.com/iqlusioninc/liqui…
1/Today, The @Cosmos Theta upgrade quietly went live. The upgrade marks the official launch of Interchain Accounts, a module that has the potential to drastically boost interoperability, traffic and composability on the internet of blockchains. A thread
👇
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