Dispersion Capital

The next wave of adoption is going to be driven by software, not speculation. AI agents need purpose-built rails to coordinate and pay each other, and Kite is shipping the full stack to make that happen. Excited to back this vision from day one.

@wsculley @jmj @dunleavy89 @zodl_app @ereborbank @bulktrade @hyperbeat @Lighter_xyz @grok Still actively deploying!

@jmj @dunleavy89 @zodl_app @ereborbank @bulktrade @hyperbeat @Lighter_xyz @grok Different skillset building rockets. Financial market is a monster. The right people will show up.

The shift in the crypto fundraising landscape the past 6 months has been insane. Crypto VCs used to have to constantly be networking/writing/podcasting/going on spaces/promoting your thesis/getting on 10 deal flow calls a week, to get into good deals...now it's literally enough to just have capital to write checks. Deals are being pushed rather than dug out. Inbound if people know you have money is at an all-time high. Most firms are either 1) Out of money 2) Moved to Series A and beyond or 3) Fundraising (with no success). Deals that used to close in 2-3 weeks now close in 2-3 months. Firms with questionable business models or copy pasta of the latest trend are getting zero primary or follow-on funding (Good news!). There are now realistically <20 firms writing checks in pre-seed/seed. VCs basically have the pick of any deal they want, with more time to do DD. IMHO 25/26 are going to be historic vintages for those who stick around.

@ChiZhangData @EhsanDoesAI Welcome to the team! @EhsanDoesAI

Glad Ehsan has joined Kite as our Head of Product. 🎉 With agents moving deeper into real commerce, having strong product leadership will help create payment flows that feel natural to them. At Kite we're building the future for the agent economy. Welcome @EhsanDoesAI 🪁

1/3 The current Web3 landscape: • Web2 data remains siloed and unreachable. • Traditional oracles leak your intent to the world. • Privacy in DApps is currently a forced trade-off between trust and UX. We deserve better. 🌟

Privacy will be the most important moat in crypto

@domaprotocol Huge!!!!

Doma Mainnet is LIVE 🌐 A new onchain economy is here, where the assets that power the web can finally be tokenized, traded, and put to work. The DomainFi era starts today 👇 start.doma.xyz/?utm_source=tw…

14/ @primus_labs lets you verify and compute any data in web3. Primus uses zkTLS & zkFHE to validate web data and utilize it in an encrypted form. This brings private, verifiable web data into Ethereum without exposing user details.

@0G_Foundation Outrageous! @bitgetglobal is destroying trust by pushing an unauthorized campaign (no 1M airdrop in contract!) screws the ecosystem and fellow exchanges. Not the 1st time. Sad that this goes to the top and @GracyBitget approved it. #BitgetScam

At 0G, we are deeply grateful to our 23 exchange partners who supported our launch on Day 1. Their contributions and partnership have been invaluable, and we remain committed to building long-term, win-win collaborations with our ecosystem partners. Unfortunately, we must address a serious issue with one partner — Bitget. This is not a statement we wanted to make, but after exhausting private channels and multiple attempts to resolve the situation, we feel it is our responsibility to bring transparency to the community. Web3 cannot mature into the foundation of a new financial system if it is built on broken promises. Integrity and accountability must be the standard, not the exception. What Happened -> Since July, we have been in active discussions with Bitget regarding a large, long-term staking campaign (90 days or longer). -> On September 15, both parties confirmed mutual understanding of this position. -> On September 18, we finalized the contract, which clearly outlined the staking allocation, with a structured breakdown of campaign design and APY. Bitget approved these final terms and confirmed readiness to proceed. However, despite multiple follow-ups and requests, Bitget continues to fail to fulfill the promises they made to sign. However, to date, the contract has only been signed by our director. -> On September 20, less than 48 hours before token launch, Bitget sent over a marketing document that included an airdrop — directly contradicting both the agreed-upon terms and the unsigned agreement. The 0G team immediately responded, making it clear in writing that the information was incorrect and re-sharing the detailed 90-day staking token allocation breakdown to avoid any ambiguity. -> Despite our objections, Bitget ignored our response and unilaterally launched a Launchpool and airdrop campaign using the allocated tokens, in violation of the originally agreement. What was supposed to be a 90-day staking campaign was reduced to a 3-day Launchpool — undermining the spirit and integrity of the original design. Why This Matters This is not just about one campaign — it strikes at the foundation of Web3. 1. Breach of trust: If agreements can be ignored, partnerships across the ecosystem lose their meaning. 2. Community harm: Misusing tokens for unapproved campaigns confuses and misleads users, damaging confidence. 3. Industry standards: Web3 cannot mature on broken promises. Integrity and accountability must be the baseline, not the exception. Our Response Given the seriousness of this violation, we are taking the following actions: 1. Legal action: Our counsel, Fenwick & West, has issued a legal demand letter to Bitget. 2. Industry call to action: We are asking our investors and partners — including Alliance, Orange, Hack, Delphi, Bankless, Stanford Blockchain Association, Foresight, NLH, Mirana, Dao5, Dispersion, and others — to pause sending projects to Bitget until this issue is resolved. 3. Note for ecosystem partners: Bitget has shown that agreements can be broken, and we urge projects to be vigilant in protecting their eegament and commitments. Our Requests to Bitget To restore trust and accountability, we request Bitget to: 1. Immediately cease any promotions of unapproved airdrop and launch pool campaigns using our name or tokens. 2. Buy back the entire amount of 0G tokens that were diverted to the airdrop/Launchpool campaigns and either redeploy them strictly according to the original staking agreement or provide equivalent cash value. 3. Commit to ending these practices with other projects and demonstrate adherence to future agreements. Closing We did not want to escalate this matter, but integrity and trust are non-negotiable for 0G. We hope this transparency helps the industry move forward with higher standards, and we remain committed to building Web3 on a foundation of fairness, accountability, and collaboration. Thank you for your support and understanding.

Very excited to be there!

@lei_lei0904 @PCDispersion The least we can do when you all are paving the future!

You are lucky if @PCDispersion is interested in investing in you. Patrick is one of the most genuine and helpful VCs I have ever met. He's always providing value and insight and willing to spend significant time with his portfolio companies. Read his thoughtful piece here dispersion.xyz/learn/568/from…

What's one tech hurdle you see for agents scaling? Is this real or hype? #AI #AutonomousAgents #Web3 #KiteAI #AgentEconomy linkedin.com/posts/patrickn…

In a sea of payments focused agent companies and generic infra, Kite stands out by making verifiable outcomes the core. Agents don't just call APIs; they interact w/ live, tamper-proof data across domains. This shifts the web to agent first, where bots handle trades or logistics

From Day Zero to Today: Why We Reinvested in Kite AI dispersion.xyz/learn/568/from… Kite just raised $18M Series A, bringing total funding to $33M. Led by @PayPal, @generalcatalyst, joined by @8vc , @SamsungNext , @Hashed_official, and more. Why we backed them again

From sub-100ms ingestion and schema drift to crypto proofs, ZettaBlock laid the groundwork. Now Kite is making it real: verifiable IDs, enforceable rules, seamless payments. It’s the shift from human-first to agent-native infrastructure.

@GoKiteAI @PayPal @generalcatalyst Congrats to @GoKiteAI on the $33M raise! Proud to join @PayPal Ventures, @generalcatalyst, and this stellar group as we double down on your vision for the agentic internet. Building the trust & data rails agents need to fly. Will share more on why we're all in soon.

1/ We’re thrilled to announce our $18M Series A fundraise led by @PayPal Ventures and @generalcatalyst, bringing total cumulative funding to $33 million. This funding fuels our mission to build the foundational infrastructure for the agentic internet – providing unified identity, governance and native access to stablecoin payments that enable agents to authenticate, transact, and coordinate securely without intermediaries. We are incredibly grateful to our investors who support our mission: @PayPal Ventures, @generalcatalyst, @8VC, @SamsungNext, SBI US Gateway Fund, @vertexventures, @hashed_official, @HashKey_Capital, @DispersionVC, @AlumniVentures, @AvalancheFDN, @GSR_io, @LayerZero_Core, @animocabrands, @EssenceVenture, and @Alchemy. A special thank you to our phenomenal angel investors: @EvanWeb3 (Co-founder and CEO, MystenLabs), Hao Min (VP, Circle), @edwinaoki (SVP, Nasdaq; ex- PayPal CTO of blockchain), Frank Chang (VP, Uber), @navinblockchain (CEO, Crystal Intelligence; ex-Ripple Managing Director), @BohanZhangOT (Member of Technical Staff, OpenAI), John Liu (Head of Product, AWS), @RosuGrigore (Professor, UIUC), Haiyan Huang (Professor, UC Berkeley), Sriram Vishwanath (Professor, Georgia Tech) and more. Join us in building the future of the agentic internet. Exclusive by @FortuneMagazine: fortune.com/crypto/2025/09…

@dete73 Big numbers

👀👀👀 "Flow blockchain recorded its strongest quarter to date, with total value locked climbing to an all-time high of about $68 million in the three months to June, up 46% from the previous quarter, according to a new Messari report. The network’s DeFi resurgence coincided with a 473% jump in smart-contract deployments, while stablecoin supply expanded 29.5%, driven largely by PayPal’s PYUSD." 💥💥💥 thedefiant.io/news/blockchai…

Why We Invested in @AroNetwork linkedin.com/posts/patrickn…

@AroNetwork @nolimithodl @EV3ventures @MaelstromFund We led this round because ARO is building what the edge cloud should have been from the start. Verifiable, programmable, and close to the data.

💫@AroNetwork raised $2.1M to scale the decentralized edge! Backed by @DispersionVC, @nolimithodl, @EV3ventures, and @MaelstromFund. Join us at the edge. Install it. Run it. Start Earning. #DePIN #AROtoEarn theblock.co/press-releases…