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
🤝
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:
⛓️ multi-chain interoperability ⛓️
.
@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
🥳
@OneMorePeter
Have you heard? $EFI is now available on the Exchange 📣
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
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:
#blockchain
$ENJ
In my view,
@enjin
is solving for digital scarcity and enabling price discovery of NFTs. Putting random NFTs on-chain in arbitrary dev determined supply ≠ scarcity. The permutations of non-ENJ NFTs are infinite. The number of $ENJ staked in NFTs is finite 📈
We are excited to announce that
@blockchaincap
@standardcrypto
@blockchain
ventures have invested into the future of the Aave Protocol and will be participating in protocol governance.
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
💎
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 ecosystem—the Enjin Platform—is now live on
#Ethereum
Mainnet.
The
@indexcoop
lives up to the DAO hype.
Crowd sourced wisdom & distribution to power an asset manager with de minimus opex. This is going to be really big 🤝
@BigSky_7
@LukeX58
@blockchain
I’m a decade into VC and tbh it is really just about getting super excited about new things a little before everyone else does 🤓
if you’re truly passionate about the tech, it comes naturally
$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 🔥
"It’s one question to free new assets, it’s another to be able to exchange them at scale. If there is a problem worthy of a pioneering solution, it’s the scalability of DLT." -
@latelier
Our scaling solution, Efinity, is currently testing around 650 TPS.
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 🍻
🚨 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 🚀
We’ve been a little quiet, so wanted to publicly talk about what we’ve been developing at Blockchain Ventures and share our raison d’être -
@OneMorePeter
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
😎
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? 🧙
The
#metaverse
is the future of human experience—a 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.
👕
@pythianism
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
🫡
Staggered by the ambition, vision and quality of thinking of
@3LAU
. He’s 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 popularity…
What if…
First VC job I interviewed for was to be Marc Andreessen’s Chief of Staff ~12 years ago
I had NO idea what a Chief of Staff did back then, but can confidently now say I’d have been hopeless at it.
I didn’t get it & offered to do it for free. Luckily for Marc,
@skupor
weeded me…
We’re hiring for the investment team at Ventures. Process is designed to be open, fair & accessible - simply send us your best investment idea. For more, pls see here - 💸
Announcing the Cyborg's Quest: a cross-game collaboration with
@swissborg
🤖
On August 3, embark on a journey through 8 Enjin-powered games—and compete for a prize pool valued at $50,000.
➡️ Full details & timeline:
#gamersunite
#games
#gamedev
@KyleSamani
@chainyoda
Not to be inflammatory as I ❤️ 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 pioneered👀
Just saw a British company deck raising at a £1.3m valuation. Has product, customers/revenue.
Guess the news hasn’t traveled the pond yet - a deck & a dream gets you $20m cap SAFE these days 😂
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
. 💙
IMO DeFi is 🔑 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 🫡
Reminiscing when we raised Blockchain Ventures Fund I in 2018 - “crypto” and “tokens” invoked such strong negative reactions. The crypto space was so unsexy that we typically referred to it as “DLT, distributed ledger technology”. Funny how times have changed 😂
Seeing more investable blockchain/crypto deals at present than ever before. I’ve covered the space institutionally for 6+ years. Almost too much to handle. This is extremely exciting🥳
Fun jam session with
@indexcoop
. Anyone that says working with DAOs is tough clearly hasn’t worked with the Coop 🦉
@BigSky_7
@Mringz
@LukeX58
- congrats on $400m and counting 🔥
Capital is such a commodity, there’s 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? 😂 Community > capital. This is made possible thanks to crypto.
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.
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 💸
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
👉
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 🪐,🪐
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.
Notice strong ties between startup execution (being well run) and providing consistent investor updates. Short-form but with detailed KPIs ✅
Not sure if correlation implies causation, but… it’s a thing
This whole crypto thing was just kinda more fun back when everyone thought it was going to spectacularly fail.
Where’s the fun in obvious? Who doesn’t miss explaining why it isn’t all a scam on a daily basis?😹🎲🃏
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 🎉
To our community of explorers, supporters and partners – thank you for being a part of this incredible journey.
1/
#DeFi
has infinitely more depth than just a few months ago. Tough to keep track. Has become a complex, nuanced & interlaced web. It’a going to be very hard for newcomers to ever wrap their heads around this stuff. Good opportunity for aggregators like
@zerion_io
💸
Some close friends were already playing/loving
@MiniNations
when the pitch deck landed in my inbox. Wish this happened more often, but it’s still quite rare in crypto.
Met
@apaley13
and the bet became obvious. Thx for squeezing us in!
@amytongwu
🔥
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? 🧐
Protocol soundness = tokenholder revenue - token emissions
Sensible mental model by
@tokenterminal
Rn, only +0.15 correlation between token price movement and earnings 🤯 Suspect this changes as market matures
🚨 Introducing "sound businesses" leaderboard!
It includes 4 data points:
1⃣ Fees, paid by end users
2⃣ Revenue, fees going to the protocol
3⃣ Token incentives, new token issuance
4⃣ Earnings*, revenue minus token incentives
* Not = TradFi earnings
We're excited to announce that
@blockchain
is leading the Theta Network enterprise validator node 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:
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 for the full blog & what we are looking to invest actively behind: 🧵
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?
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
🤍👻
Pre-launch crypto projects with epic teams are now raising at valuations that would have been an “ok” exit price a few years ago ($200m++)… not sure how this will play out, but it’s definitely going to be fun to watch 🍿
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 💎💎💎
@join_royal
@3LAU
@justindross
What
@yugalabs
has achieved just a year of existence is nothing short of staggering. Never seen anything like it.
Incredible community, partnerships, acquisitions and vision🐵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
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 🏝… painful to watch
Thrilled to see more powerful custody tooling solve some of the biggest paint points in DeFi and crypto more broadly. Congrats
@DimaKogan
@JoshMSchwartz
🥳
🚀
@FordefiHQ
has officially launched! It’s been an extremely exciting year keeping Fordefi in stealth. We’re thrilled to unveil the first institutional
#MPC
wallet purpose-built for
#DeFi
. (1/8)
The
@DappRadar
team have been quietly building awesome product & community. Unwavering focus on the user & data quality for years. No BS, just BUIDL.
Can’t wait for this ✌️
@SJanuskas
@dragos_dydy
@PatrickBarile
- proud of you guys
Feeling both proud and excited for this dedicated and hard working project. No one ships in crypto like the
@originprotocol
team. 🚀 this is just the beginning
Announcing Origin's Token Listing on
@binance
and 1.0 Platform Launch! 🚀We 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!
Attending
#NYCNFT
made me realise that all my closest friends now work in crypto. So many new friends made & also awesome people I’ve known for years joining the space full time.
Super thankful & couldn’t picture myself doing anything else! 🙏🤍
Excited to share that Go-Jek acquired a majority stake in
@coinsph
- Huge congrats to
@ronhose
- one of the hardest working entrepreneurs I’ve ever met. Can’t wait to invest again in your next venture 🥳
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 🤙
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 🔥 - lot's to be excited about over the coming months
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 won’t seem as value extractive🔥
Love this. Justin
@3LAU
making waves as he revolutionises music ownership, financing and soon the industry at large w/
@OriginProtocol
🔥Gradually, then suddenly
So $sushi now trades at 17x run rate earnings for xSushi stakers (5bps of exchange fees). Growth? Revs up approx 10x since Q420 & 2.5x Q121. Sleepy old Dow Jones trades @ avg of 21x forward earnings with single digit % rev growth 🤯
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
$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?🧵
@rabois
@ankurnagpal
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
Lower crypto prices mean only the most efficient Lenders, Staking as a Service and Mining operators etc survive. Survivors then earn an outsized share of the pie (e.g. lower difficulty). Same dynamic as any other economic downturn? Same likely true for funds. All is well.
Have you claimed your limited edition "HO HO HODL" NFT yet?🎅
#Binance
Collectibles Series 1 tokens will be minted on ERC-1155 and backed by
@enjin
$ENJ.
Fill in the form below to claim your NFT!⬇️