Blockchain Capital

Early-stage crypto founders often go beyond building products, setting the rules for entirely new ecosystems of social and financial incentives. Over our 12 years of investing in these visionaries, we’ve learned to look for the key qualities that define what it means to be a true founder. Read more from BCAP Partner @yuan_han_li ↓

For over a decade, crypto mining pushed operators around the world to do what AI now needs: - secure low-cost power - build dense facilities - master cooling and networking, - run hardware at full tilt around the clock ZK proving added another layer of GPU-heavy infrastructure built for genuinely demanding work. We know this world from the inside, because we helped build part of it. Now it’s time to turnsoverlooked GPUs into reliable AI infrastructure, and to make every dollar produce more intelligence. Something Bigger is here ↓

“smart” people have a tendency, when first engaging with crypto, to try and separate the innovations they currently approve of from the decentralized networks that created them. they praise the fruit and scorn the tree that bore it decentralized networks like Ethereum permeate the world’s edges, creating a breeding ground for products that solve problems tradFi can’t reach. stablecoins and tokenization emerged from public chains, which is why those chains are where most of the stablecoin/tokenization activity and network effects concentrate if you like stablecoins/tokenization, you should at minimum be open minded about what decentralized networks might create in the future. “blockchain not bitcoin” is even more ignorant now than it was 10 years ago

What should builders consider when a chain and its biggest apps share the same owner? @jonah_b examines five structural tensions of corporate chains and the strategies that keep builders in control of their own distribution.

Many crypto funds pivoted to other sectors, expanded their mandate (and are doing less crypto deals), or went out of business. We are still deploying into this industry.

you can actually do this with @bluesky's Attie product launch attie.ai

AI and ZK proofs are both hungry for the same resource: GPUs at scale. @boundless_xyz built one of the largest proving networks in the world and is now expanding into AI. Time to turn overlooked GPU compute into reliable, affordable infra. Congratulations to @sshankar and team!

To your point earlier today, even if Fable is the most capable model, falling behind so aggressively on cost per successful task feels like a huge miss. Curious to see where enterprise mkt share trends over coming months

Today, we @paxoslabs officially launch Transit: the onchain orchestration platform for stablecoin movement. Every platform and protocol today is taking the step to onboard stablecoins for their users. Simultaneously, every platform is realizing the complexity that comes with becoming stablecoin-native in a rapidly expanding ecosystem of stablecoin issuers. Transit is purpose-built to address this reality. Meant for enterprise scale, Transit enables enterprises to move from stablecoin to stablecoin within and across blockchain networks. From $5 orders to $50MM+, Transit provides platforms access to predictable stablecoin settlement no matter the scale. No more variable slippage, congestion pricing, or size-based premiums on stablecoin movement. A single rate. From the day you integrate. If you lead a payment company, exchange, neobank, fintech, or financial institution that supports stablecoins today, reach out! We'd love to support the next step in your stablecoin journey.

What happens to industry conferences when the industry no longer needs to remind the world it exists? @jonah_b examines the shifting landscape of crypto events and what it means when the smartest people start showing up in non-crypto rooms.

Securitize has surpassed $5B in total RWA value making us the first tokenization platform to reach this milestone. Institutional demand for tokenized assets continues to grow at an unprecedented rate. Tokenize the World.

You either quit asking 'if,' or you build long enough to see everyone asking 'how.' Incredible milestone of @yellowcard_app's efforts in cross-border payment innovation across African markets.

July 14th.

It has been hard for non-USD stablecoins to reach meaningful scale. Here's what I think the issue is...

Aave Q2 update call. Biggest highlight to me is that run rate revenue is now higher than it was before the kelpDAO exploit in April, driven by product expansion, revenue diversification and deposit base recovery Aave has overcome a number of challenges in the last year, including DAO drama and the kelp saga, and has come out stronger on the other side 💪 Fantastic to see.

Programmable labor (agents) meet programmable money (stablecoins).

Congrats to the entire @Securitize team! @carlosdomingo , you are the best!

classic stock v flow error in Ben's analysis below wealth is an input from the past. what you care about is how much disposable income do ppl bring home on median and what does that actually buy you so what you actually want to measure here is median household disposable income (PPP-adjusted) As of 2021: USA: $47k (#2 behind Luxembourg at $50k) Slovenia: $29k Italy: $28k Portugal: $19k check the ranking yourself here en.wikipedia.org/wiki/Disposabl…

.@Securitize @carlosdomingo rings the closing bell at NYSE! 🎉 NYSE Head of US listings: “the first tokenization pure play” to go public

In a world of programmable labor, what is the role of the human? @_kinjalbshah examines the unbundling of work into a global, task-based market, and the intelligence layers orchestrated on top of it.

It is hard to create a category out of thin air. It’s called RWAs now, but we brought the first product to market 8 yrs ago. @bcap ‘s @wbrads & @carlosdomingo would keep going back into the lab and come out stronger. Iterating, because we were more than their multi round lead investor. We were their first customer. A well earned, proud moment for for the entire @Securitize team.