This means crypto will form an important part of the software ecosystem on which societies and economies run. It doesn’t make sense for us to have a separate crypto fund, any more than it would for us to have a separate internet fund or a separate AI fund. Going forward, crypto will be an important part of our overall strategy.
There have been significant paradigm shifts in the past few years compared to previous cycles. When I first started writing smart contracts, developer infrastructure was practically non-existent. It’s become so much easier to build smart contract-based systems now, compared to previous cycles, thanks largely to companies like Alchemy (whose Series A I led).
Arbitrum and StarkWare (both of which I seeded), platforms like Ethereum have become more scalable, faster, and cheaper to use, enabling a much wider variety of applications going forward.
decentralized consumer applications in crypto.
decentralized exchange aggregators like 0x (Matcha) and 1inch Network and decentralized insurance protocols like Risk Harbor , all of which I’ve invested in. I think in the next cycle, we’ll see even more consumer applications building on top of the most recent wave of infrastructure.
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