Multicoin Capital

This year we celebrated our fifth anniversary as a firm Over that time, we’ve watched carefully as the industry has evolved and built step-function improvements to scaling, indexing, data modeling, wallets, and more Core infrastructure has occupied the minds of builders for years; however, that’s now starting to change New consumer applications—like games, social media, creator platforms, consumer loyalty, and more—are starting to appear

Value Flows in the MEV Ecosystem

Miner Extractable Value (MEV) is fundamental to permissionless distributed systems and cannot be eliminated The market structure for MEV is dynamic and complex, but the actors that profit from them in proof-of-work (PoW) networks—such as Ethereum 1 0—have exclusively been miners and searchers

Mercury: Reimagining the Collegiate Fan Experience

Today I’m excited to announce that Multicoin Capital has led a $7 5M seed investment in Mercury with participation from North Island Ventures, Crosslink Capital, Brevan Howard Digital, and several others The convergence of sports and crypto is one of the most exciting, fast-growing areas of the market with strong, early successes in companies like Sorare and NBA Top Shot Both have onboarded countless new users into crypto

Announcing Venture Fund III

Beyond Verticalization of NFT Marketplaces

Why is the UX of OpenSea and Magic Eden generally the same (discovery on homepage, basic set of linear filters on the left side of collection pages, same search presentation, etc )? Or, framed another way, why doesn’t the front page of OpenSea or Magic Eden have an activity feed (like Fractal or Hawku), or a livestream (like Twitch), or the results of a recent game tournament that heavily leverages NFTs?

Our Investment in Delphia

Today I’m excited to announce that Multicoin Capital has led a $60M Series A in Delphia alongside Ribbit Capital, FTX Ventures, Valor Equity Partners, FJ Labs, Lattice Ventures, Cumberland, Road Capital, and M13

The Ball Multicoin Bitwise Metaverse Index

Over the last 6 months, as the term “metaverse” has become more popular in mainstream lexicon, we have come to the realization that many of our investments across various sectors—Web3 infrastructure, DeFi, asset ledgers, data networks, etc —are good candidates to provide foundational infrastructure to power many credibly-neutral metaverses

Proof of Physical Work

One of the most powerful features of crypto-economic protocols is their ability to create incentive structures that allow anyone in the world to permissionlessly contribute to a set of shared objectives These incentive structures can be finely tuned to facilitate large-scale coordination to achieve specific goals This represents a step-function improvement in capital formation

• Scaling Reads and Writes
• Technical Scalability Creates Social Scalability
• Conversations From The 2021 Multicoin Summit [VIDEOS]
• Watch Fireside Chats with Solana, Helium, Ribbit Capital from the Fall 2020 Multicoin Summit
• Fear, Uncertainty & Doubt in 2020 with Galaxy Digital on Heard Around the Block
• Ben Sparango and Tony Sheng talk The Trust Spectrum on the Chain Reaction Podcast
• Is Crypto the Next Cleantech? Tushar Jain talks with Galaxy Digital Trading on Heard Around the BLOCK
• Kyle Samani Joins Howard Lindzon On Panic With Friends to Talk the Past, Present and Future of Crypto
• Epicenter #361: Kyle Samani, Sebastien Couture & Brian Fabian Crain
• Kyle Samani featured On The Brink hosted by Castle Island
• Listen to Tushar Jain & Arman Dezfuli-Arjomandi on The Hotspot
• Unchained Podcast Audio Essay: The Most Forkable DeFi Protocols on Ethereum