web3: a marathon,
not a sprint
In the wake of the past month’s events, many investors, industry participants, and founders are asking if it’s worth pressing on and continuing to allocate effort to this space. We’re committed to forging ahead. In times like these, it can be easy to veer toward the path of least resistance and invest in the known. While it may be the harder path to follow, we remain convinced that decentralized networks powered by tokens have the potential to re-platform major parts of the economy.
Projects such as Helium (global IoT connectivity network), NBA TopShot (NFTs of NBA players), STEPN (App that rewards walking and running), Aave (Decentralized Lending platform) and USDC (Regulated dollar-backed stablecoin), indicate that web3 projects can present a new kind of utility to the market.
Tokens have several properties which make them a superior value capture tool for certain types of projects, including zero upstart costs and incentives built into token design, transfer and programming.
As a team, we forge on, searching the world for application layer consumer networks that utilize tokens to solve cold start problems, projects with novel utilities, and further infrastructure innovation.
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Web3 is HereCircle raises $400 million to fund the next stage of growth
Circle is a global financial technology firm that enables businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce and financial applications worldwide.
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The Algorand Ecosystem
Algorand to power Italy's blockchain infrastructure.
Algorand has been selected as the blockchain infrastructure partner for Italy's banking and insurance markets, including the Bank of Italy and the Italian insurance authority, IVASS.
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Raise
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Algofi governance vault unlocks $2.7B of liquidity
Algofi is a fast, low-cost lending market and stablecoin protocol built on the Algorand blockchain.
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Algorand powers Italy's blockchain infrastructure
Algorand is selected as the blockchain infrastructure partner for Italy's banking and insurance markets, including the Bank of Italy and the Italian insurance authority, IVASS.
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Raise
Alchemon is a play-to-earn NFT staking, crafting and trading card game
Alchemon is an NFT-based monster-collecting, battling and trading card game backed by Borderless Capital and the Algorand Foundation
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Reach allows developers to easily code blockchain applications
Reach language allows developers to easily code blockchain applications without needing to learn a new development language.
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Mana Interactive launches payments and rewards neobank
Mana Interactive is a rewards platform designed for gamers.
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Paymagic enables smart-contract payments
Paymagic is a DAO payment tool automating payout bounties, grants, payroll, and rewards via API.
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