We are very pleased to announce our investment in Uniswap, the leading decentralized crypto exchange. We participated in the $11m Series A raise, alongside our friends at a16z, USV and Paradigm. Exchanges have been the most important piece of infrastructure when it comes to building out crypto networks. The first…

Since the early days, crypto has had four core promises:  1) Enabling trust at scale. Transactions are executed by code, rather than a single gatekeeper like a bank or other financial middleman.  2) Permissionless innovation. Crypto’s open source nature enables anybody to build on top of existing code.  3) A…