1/ From Trusted to Trustless...
Gm! I am happy to announce Canonical Crypto, a $20M early stage, “picks and shovels” fund focused on investing in founders building infrastructure in web3/crypto.
1. My life has truly changed since I first dipped my toes in the world of Decentralized Finance (DeFI) last year. It started with me wanting to challenge myself and learn something new, but I have now been fully sucked into the DeFi vortex.
We were targets of a racist incident today. Unfortunately for my 9yo, this was her first time. I think I handled it as well as I could have, but this is likely going to sit with my daughter forever. I'd love some tips on how I can talk to her and prepare her.
I met a gentleman from Coinbase last night and I told him I'd never heard of Coinbase. He patiently explained Coinbase to me. Then he told me about the Superbowl ad, and I asked him what the Superbowl was. In my defense for the trolling, the acclimation back to IRL has been rough
My parents always set our clock ahead by some random number of minutes (usually between 5-10). Yet we were always late to everything. Is this setting the clock ahead just a (desi) thing?
1/ Dear VCs, please don't ghost. If you have had an initial conversation with a founder who is expecting a response from you, please provide a response in a timely manner.
In under five minutes and despite multiple security guards on campus, a 15-year-old with access to a semiautomatic handgun was able to kill a 16-year-old boy and two girls, ages 14 and 17, and wound eight others.
It’s the guns.
Pro-tip for startups: create a TG group for investor updates. Every investor update TG that I’m in is vibrant with investors clamoring to help. I think seeing other investors chime in creates positive social pressure. This is very different from a BCC email investor update.
Bittensor as a network is promising for the future of decentralized AI. I am catalyzed after speaking with
@0xArrash
@JosephJacks_
and others who are deep in the ecosystem. I’ve been spending some time thinking about how we can lower the barrier for entry for developers into this…
I jokingly told some neighbors that my wife is an anti vaxxer. Turns out one of them is an anti vaxxer and wants to “hike and chat more”. Wifey is upset. Prank gone awry.
I’ve seen so many projects pack up shop at the first sign of a bear market. This community is going strong. If $OHM bounces back, it will be extremely telling and will fortify their position as a reserve currency.
The Olympus12 Action Plan is a blueprint for how we will build a strong ecosystem around $OHM, our decentralized reserve currency.
Learn about activities currently in progress alongside what will be conducted during 2022.
Nothing irks me more than VCs (some of who have never built a company) shitting on projects that are legitimately trying to build something useful. You don’t have to make yourself look good by making others sound bad.
"Blockchain is a solution looking for a problem." Problems in the ML stack on the left, on-chain based solutions on the right. What am I missing?
🙏🏾
@Old_Samster
@fenbielding
@shreyjaineth
for their feedback
1/ Bittensor is starting to garner the attention of academics such as Prof Sandeep from UT Austin who have deep expertise in AI and networking systems.
This is a balanced first-timers take on all the benefits of Bittensor $TAO, such as the opportunity to launch subnets which…
Curious about the value proposition of
#DecentralizedAI
? Let's go over a popular project
#bittensor
and describe why it’s crucial to have external demand and real utility for AI services.
Eventually, I ended up two handshaking his fist bump. 😕
All this transpired in the span of about 3 seconds.
We are not ready to transition to IRL experiences yet.
/fin
1/ I am excited to announce that Canonical is co-leading an investment in Tensorplex along with our friends from Collab+Currency. Tensorplex is focused on building infrastructure for decentralized AI networks, starting with the Bittensor $TAO ecosystem.
/3 But there will be agents that use money that are not people, companies, or governments.
AIs will use money. Self-driving cars will use money. IoT devices, long-running software, even physical objects.
Hence crypto's new API for money:
Cryptographic address => Money
Somewhat quietly, $AKT got listed on Coinbase last week. This is a big milestone for
@gregosuri
and team who have been chipping away at
@akashnet_
since 2017.
After my parents left India, my grandparents would record their messages on audio cassettes and mail them to my parents. The cassettes would take weeks to get to them. Just some perspective for next time, when I complain about Zoom or Meet being glitchy.
Say hello to our newest visiting partner Anand Iyer
@ai
Founders refer to Anand as their most dedicated investor and their first call — so we knew he would be a perfect addition to the Pear team!
1/ After 5.5 years, it's time to say goodbye to the Trusted family. Trusted has been the most exhilarating ride of my professional career. I feel incredibly grateful and so lucky for having had this opportunity.
As for what comes next...
Very interesting development on AI model output verifiability: zkLLM
zkLLM enables the verification of outputs
- in < 15 minutes
- up to 13B parameters models
- achieving a proof size of less than 200kb
Not trying to be a $TAO shill, but I can't help but think that the Vesuvius Challenge could make for an epic
@bittensor_
subnet. The incentive mechanism of subnets seems ripe for a challenge like this.
Ten months ago, we launched the Vesuvius Challenge to solve the ancient problem of the Herculaneum Papyri, a library of scrolls that were flash-fried by the eruption of Mount Vesuvius in 79 AD.
Today we are overjoyed to announce that our crazy project has succeeded. After 2000…
1/ Token Warrants have become quite popular as founders in Web3 have been raising capital. But what is this mysterious document and what purpose does it serve?
Current subnet registration lock-cost: 4k $TAO ( ~$2.92m )
Why subnet lock-cost has been increasing as of late?
Because there's stronger demand for subnets even before lock-cost cools off and declines to base 🔥
I had a chance to hear from
@aeyakovenko
during a lunch gathering yesterday.
Toly is an authentic and genuine communicator, who can get into the weeds of chip design or talk to you about how blockchains are going to change the world. He spoke with candor and humility about what…
We're on the cusp of a dramatic paradigm shift-the decentralized blockchain-driven web will change how we interact in ways we can't imagine &
@lightspeedvp
's excited to help build it, one of the reasons I'm pleased to welcome our newest Venture Partner
@ai
Sônia Guajajara, a prominent activist for indigenous rights and the first indigenous woman to run for vice president in Brazil, sat down with Hasan to talk about her fight to protect the Amazon's forests.
1/ Proud of the $VIRTUAL team as they go live on Base today. Virtual is the most elegant manifestation of AI gaming x crypto.
VIRTUAL is building the future of AI-Powered virtual experiences on-chain. They are bringing decentralized AI to the metaverse and gaming in ways we've…
I've talked to a number of founders about wanting to launch a $TAO subnet. I've identified a rubric (VCs, amiright?) for what would make for a successful subnet based on
@taostats
data.
Some subnets are clearly more productive than others and well suited for
@bittensor_
Decentralized AI is such a loaded topic behind which there is a ton of momentum. As a crypto native, I am excited that this could be the driver for crypto adoption and blockchain txn velocity. Much like DeFi & NFTs propelled us to new heights back during DeFi summer.
So lets…
My wife is away at a 10 day Vipassana (silent) retreat. I was quite worried for her because she’s never spent that much time away from us, without contact.
What I didn’t realize was how much of an impact her absence would have on *me* 😔
Excited for one of the most fascinating projects launching on $TAO Bittensor. Of all the AI x crypto use cases, Virtual is the one I evangelize the most.
There is a fascinating builder energy coalescing around Bittensor. The focus today is on the supply side: leveraging incentives to get the best builders to create LLMs and high fidelity output focused on specific areas. But this is just the beginning...
$TAO
Imagine the possibilities when you introduce MEV-like incentives for LLM finetuning/pretraining 🔥
@TensorplexLabs
is the first team to repurpose our HFT/MEV crew to focus on pretraining/finetuning LLMs but I am sure we are not the last. We welcome our future competition. (τ, τ)
My
#ETHDenver2024
(
#AIDenver
?) observations:
1/ There is some serious momentum behind
#decentralizeAI
(AI x Crypto)
There is also a lot of judgement around utility of these decentralized AI platforms (ie, “who will actually use this?”)
I think this is the right focus to have,…
A thread on Privacy-Preserving Machine Learning with Fully Homomorphic Encryption
(say that 3 times fast)
1/ Most LLMs (Large Language Models) today are trained primarily on publicly available data. This can limit their applicability in domains with strict data privacy…
Shower thoughts: Interesting parallels between Bitcoin and
@bittensor_
/ $TAO Subnets.
- Both systems are powered by competition, yet diverge in validating transactions and participation.
- Bitcoin relies on miners implementing Proof of Work for rewards.
- Bittensor Subnets…
Quick thread about my crypto dev journey and how you can get paid for completing this new course I am putting together on developing on the blockchain:
1/ Last year, after leaving Trusted, one of the first things I did was figure out how I can build (buidl?) on Ethereum.
We are excited to partner with Prof Sriram Vishwanath in launching Crypto Summer Lab, a 6-week hands-on course that provides education, mentorship, and guidance to blockchain infrastructure teams to help them launch their projects.
Excited to share some thoughts on Canonical's recent investment in
@gensynai
, a game-changing startup at the intersection of blockchain and AI. But first, some context on why this matters. It's not every day you come across a team that is revolutionizing AI computation.
A few friends, especially those entrenched in VC, have reached out to me over the last few days asking for a take on the $SUSHI situation. So I thought I'd start a thread to share my thoughts.
This has basically evolved in to a DeFi maxis version of reality TV.
#drama
I was talking to a founder this morning and used
@gregosuri
as an example of a heads-down founder who has been committed to his mission, playing the long game. Incredible archetype and I am proud to call him a friend.
Starting to see a bifurcation among crypto builders:
those who believe crypto is nothing but a speculative platform (and that's all it can ever be) vs those who want to see non-speculative utility emerge on-chain.
Interesting crypto trend: I am meeting a lot more early stage teams based in the SF Bay Area relative to other geos. The Sui/Aptos halo effect appears to be drawing seasoned product folks from the valley to build in crypto.
Bots of today are limited by being designed for specific objectives: they lack intelligence, emotion, and the ability to connect with humans.
The rise of gen AI and LLMs will be a game-changer, allowing for AI agents that can form real relationships and friendships with human…