Announcing our investment in SuperRare, the leading marketplace for crypto art
We’re excited to announce our investment in SuperRare, the leading marketplace for blockchain-based digital art known as Non-Fungible Tokens (NFTs). You’ve probably heard of NFTs given the amount of media coverage over the past few months. But for those of you not familiar with NFTs, here is a quick primer. NFTs are unique digital art […]
Announcing our investment in Arweave
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 […]
Visions of Web 3
I’ve been noodling on this post for a few months now, trying to find the best way to explain why a decentralized Internet is important and how we might get from here to there. I had outlined a few reasons why it mattered and might eventually go mainstream: More creative and economic opportunity for developers […]
Smart Contracts on Bitcoin
Over 10 years since its inception, Bitcoin is now firmly established as the preeminent digital store of value (SoV). I believe this is because Bitcoin dominates among crypto assets on the axes that matter most for fulfilling this digital gold-like function: A clear and reliable monetary policy: only 21 million BTC will ever exist Security: […]
Don’t Sleep on Lightning
While Ethereum based DeFi has stolen the show for most of 2020 – and rightly so, the amount of innovation and experimentation happening there is insane! – there have also been some major breakthroughs on Bitcoin’s native layer 2 scaling solution, the Lightning Network. I believe that this progress, while less flashy, will ultimately prove […]