It’s no secret this is a unique time in history. The internet proved to be winner take all in ways few people expected. But the move fast and break things culture at many companies meant they often made decisions at their users’ expense. We know how this story ends.

Data breaches. Foreign meddling in our elections. And a digital currency, which launched on the heels of the 2008 financial crisis, inspired a generation unwilling to settle for the status quo where privacy, security, and trust have been secondary to profit and growth. Many industries are due for an overhaul. Decentralized infrastructure, enabling technologies, and applications are being rebuilt from the ground up. Meanwhile, smart contracts are ushering in a new era of programmable money. We are excited to meet founders who are riding this wave and building companies to create new categories and reshape existing ones.

TEAM

Public Blockchain Ecosystems
Bitcoin
Ethereum

Smart Contracts and Scalability
Solana
BTC Layers: Stacks
ETH Layers: Arbitrum, Optimism

AI
Storage and GPU Compute Networks: Arweave, Filecoin, Render
Agents: Fetch, Olas, Morpheus
Models: Bittensor

Gaming
Infrastructure: Immutable, Beam
Studios: Illuvium
Games: Parallel, Mavia, Wilder World
Guilds: Yield Guild Games, Merit Circle

Culture
Digital Fashion and Storytelling: RTFKT, Aku
Art and Collectibles: Gmunk, Raf Grassetti, Reuben Wu, Tim Saccenti, Bosslogic, Praystation
Memes: PEPE, WIF, MOG, MANEKI

INVESTMENT HISTORY

(select deals from prior funds)