There’s a talent drain facing the tech industry today. We frequently hear about companies that…
Crypto / Blockchain, News, Portfolio, Version One
We’re excited to announce our investment in Arweave, a decentralized platform that enables anyone to store documents and applications forever. While there are other decentralized storage platforms out there, Arweave is offering something completely unique…permanent storage. The protocol does this by using a novel consensus mechanism called proof of access where “miners compete to provide […]
There’s a talent drain facing the tech industry today. We frequently hear about companies that…
We are very pleased to announce our investment in Axiom Zen, the maker of CryptoKitties.…
We’re excited to announce our investment in Arweave, a decentralized platform that enables anyone to store documents and applications forever.
While there are other decentralized storage platforms out there, Arweave is offering something completely unique…permanent storage. The protocol does this by using a novel consensus mechanism called proof of access where “miners compete to provide as many replications of the data held in the system as they can.”
Current and future use cases for permanent storage include:
Arweave is the brainchild of Sam Williams and has one the most active communities out there with over 30k members. More than 50 applications have already been created on top of the protocol, powerfully organized as profit-sharing communities that make it easy (and potentially financially attractive) to contribute to the development of those applications (you can think of these profit-sharing communities as “open source companies” that pay out dividends on profits).
As we are getting more and more excited about the rapid rise and potential of a decentralized web (web 3.0), we are looking forward to seeing Arweave play a crucial role in this process.
Portfolio
It’s hard to believe we’re already three quarters into the year. At V1, we’re all about finishing strong, and Q3 gave us plenty of reasons to be excited about what’s ahead. As always, we’ve rounded up a quick snapshot of the action across our portfolio from the past quarter: Funding announcements We welcomed TRIC Robotics […]
The V1 family kicked off the new year with fresh energy and no shortage of…
Fall is in the air and we are heading into the last quarter of 2023.…