Studying our past and present to
accelerate the decentralized future.

Select Writings

Shifting Tides and a New Age of Exploration

Reflections on the clash of momentum vs fundamentals, why both are right - and how a unique setup involving macro, infra, and AI is underpinning crypto’s long awaited mainnet moment

The Foundation Model for Crypto

Investing in a crypto native foundation model and intelligence layer designed to unlock transformative onchain capabilities on par with the best consumer applications in web2.

Blockchains and the Future of AI

Our thesis on the convergence of Crypto x AI and the incredible opportunity set it unleashes

DVT and
Ethereum’s Future

Investing in Obol with an eye on powering the future of Ethereum

DVT and
Ethereum’s Future

Investing in Obol with an eye on powering the future of Ethereum

Seeding Stackr

Empowering a new class of onchain builders with Stackr’s customizable micro-rollup SDK and verification layer

Investing in Ritual

Building the foundation for open AI infrastructure

Looking to
Crypto’s 2023

2023 is positioned to be crypto’s
most important year yet.

Gaming: Crypto’s
Native Frontier

Exploring one of Crypto’s biggest frontiers for innovation and adoption

Valuing a Social Supercomputer

Creating a fundamentals-driven valuation framework for Ethereum

Contextualizing the
Crypto Revolution

Linking the Crypto Revolution to history’s monumental periods of innovation that precede and enable it