Neil

I’m back and excited to share Maximum Frequency Ventures inaugural $50m fund with the world. MFV was built as an evolution to venture capital in crypto. CT is quick to dunk on VCs, often rightfully so, but venture capital remains still one of the strongest forces for good in this industry. @moshaikh @alextang @jerome_ and I built MFV as a vehicle designed to support founders to build generational companies while we remain in the trenches with them. Supporting builders was the best part of working at Aptos - seeing hungry founders grind and win. We cultivated 200+ projects with a collective $150m raised across them. Those experiences taught us what great founders need and where VC often falls short. That realization led us here. We’re a VC that spends more time building than investing. Rolling up our sleeves is the foundation for this venture. Our team came together naturally as we saw ~90% of the collective business outcomes at Aptos. From the biggest partnerships to ecosystem-defining deals, we’ve lived the highs and lows of scaling in real time and we’ll bring that same experience to every company we invest in. The timing couldn’t be better. The next wave of crypto demands builders who can execute with precision, resilience, and speed. We’re ready to match that energy. It’s time for VCs to build. MFV will be in the trenches. See you there.

some late night musings. the exchange taxonomy is starting to die. “prediction market,” “perpetual exchange,” “compute exchange,” and “futures venue” increasingly describe just the front door. walmart didn't sell groceries at the start, either. @Kalshi now has GPU-compute price markets and a CFTC-approved bitcoin perp. @Architect_Fi is building a U.S. compute venue; @CMEGroup has announced compute futures. APEC is pursuing equity perps. @coinbase, @CBOE, and @HyperliquidX are attacking nearby parts of the same problem. everything is converging into frontier-market formation. if we take a market regime and non purely speculative standpoint, what we have is a process: take a risk businesses already carry, define a reference, write a contract people understand, and make it liquid enough to hedge or finance. market design at it's finest, except now everyone has APIs, a branding team and a cohort of Twitter interns. the instruments have different jobs in that stack. Event contracts are the discovery layer. They let people trade narrow questions while the benchmark and canonical contract are still being worked out. A perp offers continuing exposure. etc etc. We all know this. once those forms run through a shared account, collateral pool, and execution system, the categories start to collapse. “prediction market” and “perpetual exchange” describe payoff forms inside a larger market stack. arrow-debreu (near) perfect market conditions at a certain level of performance in the far future the competitive split is clean. horizontal platforms own the rails: collateral, clearing, and distribution. vertical markets own the hard part. some of the vertical platforms can probably monetize benchmark or oracle access to the larger ones as a form of additional monetization. anyhow, let the frontier market games begin. PS: obviously ignoring crypto-only / altcoin-focused exchanges because's its a boring solved game with a pretty stale set of underlyings.

@AviFelman you probably did more than the average person does to increase your surface area of luck

Sometimes people will ask me for general life advice which makes no sense because I generated success by being completely and utterly delusional and lucky

@lulumeservey what do you see as the antidote to all the slop?

Claudeslop has combined with corposlop to create the most lethal concentrations of meanningless pablum in human history Now it’s truly effortless to say nothing, with more words than ever before!

This has bugged me for a while...here's a US consumer banking fun fact: The "Bill Pay" option you see in your banking app (Chase, Capital One, etc) is literally just a digital interface to mail a physical paper check. You enter a name, address and amount in the app and if the recipient isn't connected to the bank’s payment network, the bank prints a physical check and mails it for you. Go through this + the broken wire process a few times and stablecoins become that much more obvious of an answer.

@Stingertwts @pnadimi farsi :)

@neilhar @pnadimi Didn’t know you were proficient in Hindi like that.

In Chicago we only get about 4–5 months a year, but we pack our garden with basil, oregano, mint, tomatoes, cucumbers, peppers and more. We grow enough for a fresh salad almost every day. Feels good eating food you grow yourself and knowing exactly what went into it. One of the easiest investments you can make in your family’s health. What am I missing in my garden?

crypto has outgrown crypto crypto is now: - stocks - tradfi perps - prediction mkts - options (soon) - real world financing (soon) it's becoming an anti-fragile technology sector that's eating every aspect of finance bullish.

@MikeIppolito_ it's terrible x.com/neilhar/status…

I don't think people appreciate how much payments suck in the US. People often say stablecoins make sense for people ex-US because it's so good here, but I don't agree with that. It's actually better almost everywhere else. Payments take forever, are expensive, and are insanely complicated. It's kind of wild being a US citizen and going almost anywhere else. Seriously everywhere, from South America to the UK. Stablecoins make sense here, I promise you. It's why the banking lobby hates them so much.

@redbeard that's one way to do it 😂

Doing Hudson River Eels for dinner tn

@chamath best advice: everything in moderation

Too many people are directionless, giving room for many forms of “ the answer” to their problems. Go to the gym. Don’t go to the gym. Only do compound exercises. Focus on HRV. Only walk but with a vest. Must sleep 8 hours. Must not oversleep. Must not under sleep. No meat. All meat. All veg. All farm to table. Organic is a scam. No alcohol. No sugar. Natural sugar only. No Rx drugs. Yes Rx drugs. Yes peptides. No peptides. No HRT. Yes HRT. At some point, we will all realize that none of these are the answer. You are looking to fill a hole because your current life has made you an NPC playing someone else’s game by their rules. It’s their game, not yours that is making you unhappy. Find your game and go play it. You’ll probably be happy as a result, do a bit of everything from the list above and will end up living to whatever you’re supposed to - very, very happily.

@RuneCrypto_ the power of capital formation

crazy how robinhood was a dead chain 5 days ago and now everyone wants to build and trade on robinhood chain the power of memes

@EffortCapital @TomorrowXSummit See you there

Heading to TomorrowX Summit 2026 in Austin, Nov 17-18. Two days with the CEOs, investors, and operators moving TMT. @TomorrowXSummit #tomorrowXsummit2026

Heading to TomorrowX Summit 2026 in Austin, Nov 17-18. Let me know if you'll be there! @TomorrowXSummit

@Moshaikh the game continues

L1 of all L1s

@Moshaikh consistent and certain growth, unknown until it happens

@neilhar How should we calculate staying power in this?

Thoughts on legacy incumbent competition for fintech products: - Building financial products from a fintech / crypto native first perspective has shown to be more efficient - Building fintech / crypto products from a traditional finance perspective will be slow, inefficient and won't cover the same GTM ground, although might have longer staying power A great example of this is Coinbase team size vs Hyperliquid team size and what each has accomplished. The questions we don't know the answer to yet is which one has more staying power long term?

@arthur0x Best money i’ve ever spent

Lasik surgery such a life changer , easily some of the best decision one can do.

@grahamfergs @blinktrade @enhanced_defi

What are some new / exciting crypto startups that I probably haven't heard about? Putting together some research.

@PinWheel014 @arxiv bitcoin and ethereum took many years after the papers were live for their underlying tech to hit escape velocity

@neilhar @arxiv If it's been on arXiv for two years, what changed to make the timing right now?

This is super interesting - how many papers / PDFs have been published waiting for a billion dollar market to be formed through those novel ideas? Probably a few sleeping giants on @arxiv