Sabitlenmiş Tweet
1/2 Great to see multiple portcos in the latest
@a16zcrypto stablecoin map 🫡This is where real usage is compounding while the rest of the market debates narratives
English
Polymorphic Capital
386 posts
Polymorphic Capital
@polymorphiccap
Application-centric Web3 VC, with a keen focus on fostering practical use cases that build upon Web3's infrastructure
Katılım Ekim 2021
514 Takip Edilen1.4K Takipçiler
Meet our partner @eldar_pm at Consensus Miami 2026 if you are around!
Eldar | Polymorphic Capital@eldar_pm
English
Polymorphic Capital retweetledi
@polymorphiccap is one of the most active Web3 funds today and one of the earliest investors in @FairMath , as well as one of the most value-add partners we’ve worked with.
If you’re raising in this space, you can get in front of the Polymorphic Capital team directly via Parley:
parley.zone/i/eldar
parley.zone/i/nataly
English
1/2 Great to see multiple portcos in the latest
@a16zcrypto stablecoin map 🫡This is where real usage is compounding while the rest of the market debates narratives
English
A16z just mapped the new stack for global finance, and Rise is in it.
Their thesis is simple: stablecoins have moved from niche trading instrument to foundational infrastructure.
The companies winning this shift aren't building around the old banking system.
They're building on top of open, programmable rails that can reach anyone, anywhere.
A16z calls out a few structural shifts that matter:
– Corporate treasury and payments are moving onchain
– Dollar access is becoming a product, not a privilege
– The account is the wedge: credit, investing, and wealth management follow
That's exactly the problem Rise was built for.
Businesses operating across borders in markets where local banking is unreliable or expensive, need a way to pay teams and vendors in dollars, without the friction of legacy infrastructure.
We're proud to be recognized in A16z's stablecoin market map alongside the companies building this new layer of global finance.
Read the full piece:
a16zcrypto.com/posts/article/…
English
3/3
The quickest way to secure a meeting and get feedback from our partner @eldar_pm is via:
parley.zone/i/69c17145fc59…
The most important companies in a technology cycle are almost always built during its winters, not its summers. So keep building.
If you want to chat, please reach out.
English
2/3
Our main investment categories today:
– Payments & Stablecoins
– Asset Tokenization
– Agentic Economy
– Open category: we are always open to novel ideas and to speaking with exceptional founders and strategic thinkers.
If you’re building something aligned with the above, please reach out.
English
1/3 Given the recent narrative that “VCs are dead,” this is actually the moment to be clear: we are actively deploying.
We stay consistent. Since 2018, our approach hasn’t changed:
> fundamentals over speculation
> applications over infrastructure
> businesses over tokens
> revenue over narrative
We back companies that generate real revenue, solve real problems, and scale beyond crypto-native users.
We are a strong fit for founders building for large markets, obsessed with distribution, and thinking in terms of businesses, not tokens.
Seed to Series B stages.
If your company works even if the word “crypto” disappears, we should talk.
English
English
Additional ones as well:
33. @halo__xyz @dhoward
34. @Lemniscap @grisacerne
35. @Arrington_Cap @KeliCallaghan
36. @frachtisvc @0xave
37. @ZigLabs_ @ARafayGadit
38. @TiogaCapital @curious_mind21
39. @UDHC @coulter
40. @decasonic @abdulalali
41. @Hack_VC @alpackaP
42. @PanteraCapital @0xfishylosopher
43. @DWFVentures
44. @nolimithodl @brezshares
45. @PolarisFund @DarshanG_
46. @ax1vc @VladislavLiu Base
47. @GumiCryptos @EvansHuangfu
English
Attention Builders:
A bunch of Crypto VCs that are actively deploying are responding to @dunleavy89 tweet so creating a full list here:
1. @recvcx @CraigBurel
2. @lattice_fund @MikeZajko
3. @PortalVentures @Evanzsolomon
4. @bcap @jonah_b
5. @HashgraphVC @neuralunlock
6. @greenfield_cap @claudedonze
7. @DraperVC @maxime_bucaille
8. @coinfund @EvanTheFeng
9. @v3v_ventures @0xstajus
10. @KosmosVC @maybeltr
11. @VarrockVC @richardchen39
12. @etherfi_VC @DaveHsu
13. @HaunVentures @Beylin
14. @DextForce
15. @ColliderVC @TheEylon
16. @ZeePrimeCap
17. @VerdaVentures @amitochu
18. @Delphi_Ventures @Shaughnessy119
19. @FryCookVC (privacy focus)
20. @equilibrium_co @mhonkasalo
21. @pet3rpan_ @1kxnetwork
22. @hashgraphvc @iwillpat
Will continue adding to this list!
Tom Dunleavy@dunleavy89
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.
English
@dunleavy89 @dantwany Feels like this post made the whole CT go crazy (alive) again. Good job!
We are investing! Want to get connected to a partner for a chat? Try here: parley.zone/i/69c17145fc59…
English
The data from @dantwany tells the story pretty simply. The number of VCs deploying:
2022: 5,300+
2026: <400
Down 90%+
As I noted in pre-seed/seed its worse. I got to ~30 below based on the QTs and from speaking with peers.
Here is the list of who is still deploying for those raising at under $100M val:
- Varys Capital (me)
- Coinfund (@EvanTheFeng )
- Dragonfly_xyz (@HadickM, @TheOneandOmsy )
- 6thManVentures (@mdudas )
- DraperVC (@maxime_bucaille)
- Lattice fund (@MikeZajko )
- PortalVentures (@Evanzsolomon , @dotcuriouscat )
- Blockchaincap (@jonah_b )
- Greenfield cap (@claudedonze )
- v3v ventures (@0xstajus )
- CMT Digital (@samiam2194 )
- Dba xyz (@jon_charb )
- EV3ventures (@DAnconia_Crypto )
- Wintermute (@joschakup )
- ZeePrimeCap
- Greenfield_cap (@gleb0x )
- Collider VC (@TheEylon )
- 1kx (@pet3rpan_ )
- Moonrock Capital (@sjdedic )
- BanklessVC (@benlakoff )
- Cb ventures (@HoolieG )
- Maven11Capital
- Multicoin (@shayonsengupta)
- Breed vc (@JedBreed )
- Rockaway_X (@ryanconnor )
- Borderless cap
- Castle Island VC (@nic_carter , @MattWalshInBos )
- Haun Ventures (@Beylin, but mostly later stage)
- Pantera Capital (@FranklinBi, but mostly later stage)
Tom Dunleavy@dunleavy89
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.
English
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.
English
@0xtdey feel free to pitch to our partner here: parley.zone/i/69c17145fc59… good luck!
English
English
AI AGENTS CAN NOW HOLD DELEGATED VISA CARDS 🤯
@Nevermined_ai gave AI agents their own Visa cards today.
I've been waiting for this. For the first time, an AI agent can hold a delegated Visa card and pay for things on its own. Not a demo. Not a testnet. Real @Visa rails, real @stripe settlement.
Here's why this is a big deal: until now, agents paying for things meant either crypto-only payments (limited to crypto merchants) or a human approving every transaction. Nevermined just bridged both worlds.
Let me walk through how it actually works.
Step 1: You enroll your card through a VGS vault. PCI SAQ-D compliant, AES-256 encryption, TLS 1.3. Your actual card number never enters Nevermined's systems. Ever.
Step 2: @Visa Token Service takes your card number and swaps it for a device-provisioned token (DPAN) bound to @Nevermined_ai . Think of it like giving your agent a copy of your house key that only opens the front door, and expires when you say so.
Step 3: Your agent hits an x402 paywall. Wants to buy an API call, a trust report, whatever. The x402 protocol handles the payment negotiation between agent and merchant.
Step 4: @Visa Intelligent Commerce generates a one-time cryptogram for that specific transaction. Single-use, can't be replayed. Every payment gets its own fresh proof.
Step 5: @stripe settles. The merchant on the other end sees a normal card payment. No new infrastructure, no new integrations. Standard @stripe checkout.
The trust controls are what make this real and not scary.
You define the spending cap, the currency, the time window, the max number of transactions. You can revoke the whole thing instantly. Agent goes over the limit? Card stops working. Something feels off? One click and it's dead.
This is x402 and traditional card rails finally working together. The agent pays via the x402 protocol. The merchant gets paid via @stripe. Both sides use the infrastructure they already trust.
Pretty exciting to see this stack go live. Agent payments with actual trust controls, not just promises 🔥
English
@organ_danny @Nevermined_ai @Visa @coinbase @getVGS Great work, team!
This is how new economies start
English
1/8 🚨Announcement🚨
@Nevermined_ai unlocks autonomous agent payments using @Visa Intelligent Commerce, @coinbase x402 and @getVGS .
AI agents can hold persistent delegated card spending authority with safe policy enforcement set by the cardholder.
🧵👇
English
With @Visa and x402 (@coinbase), @Nevermined_ai is turning agents into transacting entities, unlocking a new market where machines don’t just use services, they pay for them at internet scale.
Content, APIs, and data can now be monetized per request, creating entirely new revenue streams for digital businesses.
> Machine-native micropayments
> Delegated spending without human-in-the-loop
> Merchant acceptance via existing global rails
Any protocol. Any rail. Any price.
This is how new economies start.
Great work, team 🚀
Nevermined@Nevermined_ai
1/8 🚨Announcement🚨 @Nevermined_ai unlocks autonomous agent payments using @Visa Intelligent Commerce, @coinbase x402 and @getVGS . AI agents can hold persistent delegated card spending authority with safe policy enforcement set by the cardholder. 🧵👇
English
Everyone is building AI agents right now. Very few can actually monetize them at scale.
Agents can reason, plan, execute. But the moment money is involved, everything still assumes a human.
@Nevermined_ai just pushed this forward.
Agents can now pay.
APIs and platforms can now charge them.
If you’re building, this is worth trying.
Nevermined@Nevermined_ai
1/4 Pay and get paid in the agentic economy. @Nevermined_ai Pay is LIVE 🎉 Over the past 6 months, AI agents have gone from tools to operators. They reason, plan, and execute. But the moment they need to pay or get paid, everything breaks. A human has to step in. That doesn’t scale.
English
Polymorphic Capital retweetledi
The US repo market: $12.6T in daily exposures. A firm needing 1 hour of #liquidity still pays for overnight — that's how #settlement works. Ownera changes this: borrow for exactly as long as you need. Minute-level precision, continuous settlement. Live with @jpmorgan
English
Most people see AI agents as productivity tools. We see them as a new category of economic participant. The gap: agents can't hold persistent spending authority. Every transaction requires a human back in the loop.
@Nevermined_ai just shipped the rails that fix this in end-to-end agentic commerce stack.
Four industry innovations end-to-end:
1. Agentic tokens (Visa/MC's new token type – agent transactions are now visible/auditable)
2. Persistent delegation (months (not seconds) of spending authority, hard limits)
3. x402 micropayments (HTTP 402 finally works after 28 years)
4. Merchant acceptance via existing PSPs
Think of @Visa building VIC and @Mastercard its AgentPay specifically for this.
@Nevermined_ai just shipped the end-to-end agentic commerce stack. Check it out.
Nevermined@Nevermined_ai
1/10 We are shipping persistent card delegation for AI agents using agentic tokens. Here's the technical architecture that makes it work. Four innovations, end-to-end: agentic tokens, persistent delegation, micropayment sessioning, and merchant acceptance infrastructure. Deep dive 🧵
English
The first fully autonomous agent purchase using an agentic token from a delegated credit card to make a micropayment just happened.
Stayed tuned for more.
(And yes we know the fee structure sucks...we're working on it.)
English
MPC has existed in research papers for decades. The problem? Too slow for production. Meanwhile, the need kept growing:
–> Stablecoins moving toward mainstream adoption
–> Identity systems going digital and interoperable
–> AI agents emerging as economic actors
All requiring privacy + verifiability at scale.
@TACEO_IO closed the gap. Billions of encrypted comparisons per second. Distributed computation with no central operator. Already securing 18M+ users.
The infrastructure layer that makes private digital rails possible is live today.
If you are building on identity, payments, or agentic infrastructure we highly recommend getting in touch.
TACEO@TACEO_IO
The TACEO Network is live! A private execution layer for digital rails. The cryptographic infrastructure behind it already secures personal data for nearly 18 million people.
English