The Farcaster team recently announced that they’re shifting focus away from building a standalone social app and toward a wallet with social features layered on top. Some were quick to interpret the move as a failure, a sign that decentralized social didn’t work, but I don't
Read moreLast week we announced our investment into Gondor, a company building financial services for prediction market users. In our investment post I wrote about how prediction markets are not just end user destinations, but also developer platforms and I wanted to expand on that. The two leading prediction markets today,
Read moreThis past year has been a breakout year for prediction markets in which they’ve established themselves as mainstream financial and information markets. And while most of the attention has gone to them as end-user destinations, they’re increasingly becoming developer platforms too. Both Polymarket and Kalshi, the two leading
Read moreA concept I’ve been thinking a lot about lately is that countries, just like companies, offer products to their users. The product is a place where you can build your life, your family, and your career. It has a set of features: jobs, housing, taxes, weather, cost of living,
Read moreI was recently asked what I think the chances are a future US administration decides to roll back all the pro-crypto legislation that the current administration is crafting. My answer: very low. When the Biden administration decided to launch its assault on the industry, crypto was an isolated atoll. DeFi
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