Innovations in cryptographic validation and the subsequent automation of trust allowed for post-internet era marketplaces to exist. These marketplaces resemble decentralized information networks where stakeholders are incentivized with scarce digital tokens. Our core investment thesis is rooted in the belief that increasing flows of value will be organized in these decentralized information networks.

We are certain that the transition from broadly proprietary data models to more collaborative decentralized networks will be extraordinary. We feel privileged to support the visionary founders and the technical teams running experiments that will create new economies and scale or secure networks. They have the potential to create long term socio-economic benefits and profoundly transform important markets.