1Confirmation

1Confirmation is a venture capital firm established in 2019, headquartered in San Francisco, California. It specializes in early-stage investments, focusing on technology companies, with a particular interest in the blockchain and cryptocurrency sectors. The firm typically invests between $50,000 to $750,000, supporting startups that aim to decentralize the web and society.

Richard Chen

General Partner

Kofi Kufuor

Partner

31 past transactions

MeebCo

Venture Round in 2025
MeebCo manages the Meebits NFT collection and the related intellectual property (IP).

Limitless Labs

Pre Seed Round in 2024
Limitless Labs is a research and development network focused on innovation in prediction markets, blockchain technology, and artificial intelligence. By leveraging cutting-edge research and collaborative efforts, it aims to create advanced solutions that enhance decision-making, transparency, and efficiency across various industries.

Polymarket

Series B in 2024
Polymarket is a prediction market platform that allows users to bet on the outcomes of various global events using cryptocurrency. Polymarket operates on the Ethereum blockchain, utilizing the Polygon network to enhance scalability and reduce transaction costs. Users connect to the platform through an Ethereum-compatible wallet and use the USDC stablecoin to place bets on events, ranging from political outcomes to entertainment predictions​.

Degen

Seed Round in 2024
Degen is a technology company that develops and maintains a cryptocurrency platform. This platform offers users real-time market information, analytics, and user-friendly tools to support informed decision-making in the decentralized finance space. The company's primary focus is to foster a community of crypto enthusiasts and investors by providing them with comprehensive data and insights to navigate the financial landscape effectively.

Rated

Series A in 2023
Rated Labs is a company focused on enhancing transparency in Web3 infrastructure. It operates a platform that provides detailed data on validators and node operators, allowing users to compare their performance effectively. The company offers independent, third-party ratings for nodes and node operators, along with comprehensive datasets and robust data pipelines. This enables developers to better understand and utilize Ethereum's base layer infrastructure.

Pimlico

Pre Seed Round in 2023
Pimlico is an infrastructure platform focused on the development of Ethereum smart accounts. The company's platform provides tools that facilitate various financial transactions, such as sponsoring transactions, subsidizing user minting fees, and accepting credit card payments for blockchain-related services. By emphasizing flexibility and security, Pimlico aims to enable businesses to create user-friendly decentralized applications.

Metahood

Seed Round in 2023
Metahood is a company that provides a digital platform for discovering, purchasing, and selling land within the open metaverse. By facilitating transactions in the virtual world, Metahood aims to make the metaverse more accessible and user-friendly. Its services empower users to engage with digital landscapes, allowing them to navigate beyond traditional online experiences and immerse themselves in virtual environments. Through its innovative approach, Metahood plays a pivotal role in shaping the future of real estate in the metaverse, catering to the growing demand for virtual properties.

Rated

Seed Round in 2022
Rated Labs is a company focused on enhancing transparency in Web3 infrastructure. It operates a platform that provides detailed data on validators and node operators, allowing users to compare their performance effectively. The company offers independent, third-party ratings for nodes and node operators, along with comprehensive datasets and robust data pipelines. This enables developers to better understand and utilize Ethereum's base layer infrastructure.

Koop

Seed Round in 2022
Koop is a developer of a digital wallet application that facilitates the collection of coins and NFTs within a shared treasury. This application enables users to invest in their communities and collaborate with friends, fostering a sense of communal growth. By leveraging a treasury formed from an NFT collection or membership pass, Koop allows its members to engage as viewers, users, and builders within their group. The platform aims to enhance community interaction and investment, allowing participants to explore and contribute to their collective interests.

Primitive

Series A in 2022
Primitive is a developer of an innovative software platform focused on the Ethereum decentralized finance ecosystem. The company has created Arbiter, an open-source software framework that facilitates crypto transaction simulation. Additionally, Primitive offers a crypto asset management platform that provides users with non-custodial options protocols for any Ethereum asset, allowing them to earn upfront returns. By emphasizing open-source solutions, Primitive aims to empower users in the rapidly evolving landscape of digital finance.

DeepNFTValue

Seed Round in 2022
DeepNFTValue is an artificial intelligence company that specializes in estimating the market value of non-fungible tokens (NFTs). The company's platform employs deep neural networks to analyze transaction histories and attributes of high-priced digital collectibles, providing users with accurate price estimates. Currently, DeepNFTValue focuses specifically on CryptoPunk NFTs, leveraging its pricing algorithm to assist buyers in determining fair market values for these assets. By utilizing advanced technology, DeepNFTValue aims to enhance transparency and decision-making within the NFT marketplace.

PILabs

Venture Round in 2022
PILabs is an agency for creators and startups.

Visor Finance

Seed Round in 2021
Visor Finance is a developer of a decentralized platform focused on active liquidity management. The company provides a platform that enables participants to utilize smart vaults for liquidity mining and the management of assets across various decentralized finance protocols and exchanges. By allowing users to create strategies, reinvest fees, and distribute protocol revenue, Visor Finance aims to help users maximize returns from fees while minimizing impermanent loss. Through its innovative approach, the company contributes to the evolving landscape of decentralized finance, enhancing the user experience in liquidity management.

Index Coop

Seed Round in 2021
The Index Coop is a decentralized autonomous organization (DAO) and the largest provider of on-chain structured decentralized finance (DeFi) products. We’re on a mission to make DeFi simple, secure and accessible to everyone. Index Coop builds sector index products, leverage and inverse products, and yield-generating products, all built on Set Protocol’s twice-audited V2 infrastructure.

Primitive

Venture Round in 2021
Primitive is a developer of an innovative software platform focused on the Ethereum decentralized finance ecosystem. The company has created Arbiter, an open-source software framework that facilitates crypto transaction simulation. Additionally, Primitive offers a crypto asset management platform that provides users with non-custodial options protocols for any Ethereum asset, allowing them to earn upfront returns. By emphasizing open-source solutions, Primitive aims to empower users in the rapidly evolving landscape of digital finance.

Cosmos Network

Venture Round in 2021
Cosmos is a versatile project focused on creating a network of distributed ledgers aimed at addressing persistent challenges within the cryptocurrency and blockchain sectors. It provides a container-first monitoring system that operates independently of specific infrastructures or operating systems, allowing users to connect all containers in their data centers to a unified dashboard. This dual functionality not only enhances monitoring capabilities but also facilitates better integration and communication among various blockchain networks, fostering a more interconnected ecosystem.

Notional Finance

Series A in 2021
Notional is a decentralized protocol for fixed rate, fixed term lending and borrowing of crypto assets on Ethereum. Users can lend or borrow stablecoins at fixed rates of interest for terms of up to six months using a variety of assets as collateral. Notional achieves fixed rate lending via a primitive called fCash, which is redeemable for an underlying currency like DAI upon the fCash token’s maturity date. Notional operates specialized liquidity pools that allow users to efficiently trade cash for fCash and vice versa. The exchange rate that a user receives on their trade implies a fixed rate of interest from the time of trade until the fCash token’s maturity. Notional is flexible and configurable. The protocol can add additional assets for lending and borrowing, additional collateral types, and additional maturities beyond six months. The community intends to broaden Notional’s scope over time to include a wider array of supported assets and extended available maturities. Notional prioritizes security. The protocol team works with industry leaders to ensure that the smart contracts are technically secure and that the economic assumptions applied in the protocol’s design are sound.

Nexus Mutual

Venture Round in 2021
Nexus Mutual Limited is a London-based company that operates a decentralized insurance platform utilizing blockchain technology, specifically the Ethereum public blockchain. Founded in 2017, it offers a novel alternative to traditional insurance by enabling users to become members and collectively share insurance risks without the involvement of conventional insurance companies. Members can purchase coverage, and their decisions are governed by smart contracts, which ensure transparency and enforceability. Initially, Nexus Mutual launched with a product focusing on earthquake coverage, allowing participants to manage and mitigate risks collaboratively. The platform aims to recreate traditional mutual insurance models on a broader scale, providing an innovative approach to risk management in the insurance industry.

Notional Finance

Seed Round in 2020
Notional is a decentralized protocol for fixed rate, fixed term lending and borrowing of crypto assets on Ethereum. Users can lend or borrow stablecoins at fixed rates of interest for terms of up to six months using a variety of assets as collateral. Notional achieves fixed rate lending via a primitive called fCash, which is redeemable for an underlying currency like DAI upon the fCash token’s maturity date. Notional operates specialized liquidity pools that allow users to efficiently trade cash for fCash and vice versa. The exchange rate that a user receives on their trade implies a fixed rate of interest from the time of trade until the fCash token’s maturity. Notional is flexible and configurable. The protocol can add additional assets for lending and borrowing, additional collateral types, and additional maturities beyond six months. The community intends to broaden Notional’s scope over time to include a wider array of supported assets and extended available maturities. Notional prioritizes security. The protocol team works with industry leaders to ensure that the smart contracts are technically secure and that the economic assumptions applied in the protocol’s design are sound.

Authereum

Seed Round in 2020
Authereum is a San Francisco-based company that has developed a wallet and decentralized application (dapp) login solution aimed at simplifying the onboarding process for users of Ethereum-based applications. By utilizing contract-based accounts, Authereum enhances key management functionalities, allowing users to seamlessly convert fiat currency into cryptocurrency without the need for Know Your Customer (KYC) verification. This approach targets non-technical users, making it easier for them to engage with decentralized apps on the Ethereum network. Through its innovative platform, Authereum seeks to provide a familiar and user-friendly experience for those new to blockchain technology.

OpenSea

Seed Round in 2019
OpenSea is a peer-to-peer marketplace dedicated to the trading of crypto collectibles and non-fungible tokens (NFTs). It facilitates the buying and selling of various digital assets, including gaming items and virtual goods, all secured by blockchain technology. Users can engage in transactions through smart contracts, which enhance security and trust in the trading process. The platform aims to streamline the exchange of these digital assets, making it accessible for anyone interested in the world of crypto collectibles. By providing a user-friendly interface and robust infrastructure, OpenSea has established itself as a leading marketplace in the burgeoning NFT space.

bloXroute Labs

Series B in 2019
bloXroute Labs, Inc. is a company focused on providing blockchain scalability solutions that enable cryptocurrencies and blockchains to process thousands of transactions per second without requiring protocol changes. Established in 2018 and based in Evanston, Illinois, the company operates a blockchain distribution network that enhances the efficiency of data propagation across all blockchains. By utilizing a global network of servers optimized for performance through advanced techniques like compression and encryption, bloXroute Labs ensures that all nodes can maintain consensus even as transaction volumes soar. This provably neutral platform supports a wide range of blockchains, facilitating improved transaction throughput and addressing scalability challenges at the network layer.

Commonwealth Labs

Seed Round in 2019
Commonwealth Laboratories, Inc. is a diagnostic laboratory based in San Francisco, California, specializing in diagnostic tests for various functional gastrointestinal disorders. Founded in 1985, the company provides essential resources for healthcare providers to enhance the diagnostic process. By offering specialized testing services, Commonwealth Laboratories aims to improve the understanding and treatment of gastrointestinal conditions, thus supporting better patient outcomes.

Ignite

Series A in 2019
Ignite is a blockchain company founded in 2014 by Ethan Buchman in Berkeley, California. It specializes in providing open-source tools for blockchain development, notably through Ignite CLI, a rapid prototyping tool that allows developers to create new blockchains efficiently. With just two command-line interface commands, developers can launch a simple Cosmos SDK-based blockchain in less than five minutes, significantly reducing the time and complexity typically associated with blockchain development. Ignite also focuses on enhancing blockchain application development through a consensus algorithm and peer-to-peer networking protocol, promoting greater speed, security, and scalability for distributed applications. By lowering barriers to entry for developers, Ignite aims to enrich the blockchain ecosystem and foster innovation within the space.

Veil

Seed Round in 2019
Veil, Inc. is a peer-to-peer trading platform that focuses on prediction markets and derivatives, leveraging the Augur and 0x protocols. Founded in 2018 and headquartered in San Francisco, California, the company allows users to engage in betting on various prediction markets while also facilitating the trading of a diverse array of crypto assets. Veil's innovative platform aims to enhance user participation in decentralized markets by providing a seamless and accessible trading experience.

bloXroute Labs

Series A in 2018
bloXroute Labs, Inc. is a company focused on providing blockchain scalability solutions that enable cryptocurrencies and blockchains to process thousands of transactions per second without requiring protocol changes. Established in 2018 and based in Evanston, Illinois, the company operates a blockchain distribution network that enhances the efficiency of data propagation across all blockchains. By utilizing a global network of servers optimized for performance through advanced techniques like compression and encryption, bloXroute Labs ensures that all nodes can maintain consensus even as transaction volumes soar. This provably neutral platform supports a wide range of blockchains, facilitating improved transaction throughput and addressing scalability challenges at the network layer.

OpenSea

Seed Round in 2018
OpenSea is a peer-to-peer marketplace dedicated to the trading of crypto collectibles and non-fungible tokens (NFTs). It facilitates the buying and selling of various digital assets, including gaming items and virtual goods, all secured by blockchain technology. Users can engage in transactions through smart contracts, which enhance security and trust in the trading process. The platform aims to streamline the exchange of these digital assets, making it accessible for anyone interested in the world of crypto collectibles. By providing a user-friendly interface and robust infrastructure, OpenSea has established itself as a leading marketplace in the burgeoning NFT space.

bloXroute Labs

Seed Round in 2018
bloXroute Labs, Inc. is a company focused on providing blockchain scalability solutions that enable cryptocurrencies and blockchains to process thousands of transactions per second without requiring protocol changes. Established in 2018 and based in Evanston, Illinois, the company operates a blockchain distribution network that enhances the efficiency of data propagation across all blockchains. By utilizing a global network of servers optimized for performance through advanced techniques like compression and encryption, bloXroute Labs ensures that all nodes can maintain consensus even as transaction volumes soar. This provably neutral platform supports a wide range of blockchains, facilitating improved transaction throughput and addressing scalability challenges at the network layer.

Vest

Seed Round in 2018
Stake with trusted validators and diversify your risk. Move in and out of positions with ease.

MakerDAO

Venture Round in 2017
MakerDAO is a decentralized autonomous organization that operates on the Ethereum blockchain, specializing in the development of a stablecoin known as Dai. Founded in 2014 and headquartered in Santa Cruz, California, with additional offices in Copenhagen, Denmark, MakerDAO aims to minimize the price volatility of Dai by utilizing collateralized debt positions and autonomous feedback mechanisms. The company enables users to access a low-volatility, collateral-backed cryptocurrency, promoting financial inclusion and stability. In addition to Dai, MakerDAO has introduced MKR, a token that serves multiple purposes within its ecosystem, including governance and system recapitalization. Through its innovative approach, MakerDAO seeks to provide a decentralized digital currency that maintains its purchasing power, making financial services accessible to users worldwide.

Basis

Initial Coin Offering in 2017
Basis is a company based in Hoboken, New Jersey, founded in 2017. It specializes in developing an algorithmic cryptocurrency protocol designed to regulate supply and maintain purchasing power. The protocol functions similarly to the operations of traditional central banks, which manage fiscal debt to stabilize economic conditions. Basis employs sophisticated algorithms to expand or contract the cryptocurrency's supply in response to market demands, ensuring its value remains stable over time.
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