Cryptocurrencies have strong network effects, built around the concept of mining. The more miners participate, the cheaper mining gets and the more quickly transactions are validated. (On a side note, this has actually not be true as of late for Bitcoin as it ran into scaling issues which is driving…
These days not a single meeting with a fellow VC goes by without talking about Blockchain and how to invest in this space. We are all a bit puzzled by how quickly this market has evolved. With a combined market cap of all crypto currencies now topping $170b, crypto has…
Initial coin offerings are a phenomenally successful way of raising money. Through ICOs, startups have raised a record $1.27 billion in the first half of 2017. When I wrote the post “Will Initial Coin Offerings Fund the Future?” back in May, the total tally was around $100m. In the few…
There’s a lot of excitement surrounding the decentralized Internet and cryptocurrencies. Technological advancements plus tokens are shaking up traditional business models, enabling organizations to emerge outside the form of traditional companies that we know of today. There’s great promise to build large scale platforms to run open source projects among…
Nearly two years ago, we published our first ebook, A Guide to Marketplaces. Towards the end, we touched briefly on emerging marketplace types and included decentralized marketplaces in the mix. At the time, OpenBazaar was still in beta. Since then, we’ve been closely following the evolution of blockchain technology and…
