Multicoin Capital

Multicoin Capital, established in 2017 and headquartered in Austin, Texas, is a venture capital firm focused on investing in technology companies. As a Registered Investment Adviser (RIA), it provides long-term investments in tokens that drive transformative change in global economic sectors. The firm's mission is to facilitate the shift from centralized industrial-age institutions to decentralized internet-age ones, thereby accelerating humanity's potential.

Spencer Applebaum

Investment Partner

Tushar Jain

Managing Partner

Vishal Kankani

Principal, Investments Team

Kyle Samani

Co-Founder, Managing Partner

Shayon Sengupta

Investment Partner

Brian Smith

Partner, CFO and COO

Past deals in Blockchain

Arch

Series A in 2025
Arch is a Blockchain Infrastructure Premier Bitcoin-Native Application Platform

P2P me

Seed Round in 2025
P2P.me is a groundbreaking platform focused on simplifying the process of converting cryptocurrencies, particularly stablecoins like USDC, into fiat currencies.

DoubleZero

Initial Coin Offering in 2025
DoubleZero is developing a global fiber network intended for high-performance distributed systems and blockchains. It seeks to enhance blockchain performance by establishing a dedicated physical infrastructure layer for communication.

Across Protocol

Initial Coin Offering in 2025
Across is a cross-chain bridge secured by UMA's optimistic oracle for L2s and rollups. It also optimized for capital efficiency with a single liquidity pool, a competitive relayer landscape, and a no-slippage fee model.

GEODNET

Initial Coin Offering in 2025
GEODNET is a decentralized network that focuses on collecting and sharing geospatial data, particularly related to the effects of solar winds on Global Navigation Satellite System (GNSS) signals. By utilizing a network of Space Weather mining stations, GEODNET provides real-time data that enhances the accuracy of GNSS signals, achieving centimeter-level positioning and nanosecond-level time precision. The applications for this data span various industries, including automotive navigation, agriculture, construction, earthquake monitoring, and land surveying. Additionally, GEODNET explores innovative uses of its data in blockchain applications such as decentralized mapping, digital twins for the metaverse, location-aware smart contracts, and proof of location and time. The native utility token, GEOD, facilitates transaction fees for data services, rewards for Space Weather miners, and governance voting on network resource allocation, as well as serving as gas for the future GEODNET blockchain functionality.

Mevvy Network

Seed Round in 2025
Mevvy Network enables seamless MEV on any chain, reducing the barrier of entry for searchers.

Drift

Series B in 2024
Drift Protocol is a developer of a decentralized derivatives exchange that focuses on providing on-chain, cross-margined perpetual futures trading on the Solana blockchain. The platform aims to enhance the efficiency of trading futures through an upgraded decentralized system that features a new pegging mechanism. This innovation allows users to adjust liquidity based on market demand and open interest, thereby improving the overall trading experience. Drift Protocol's approach positions its exchange as a competitive option for margin trading within the decentralized finance space.

Gradient Network

Seed Round in 2024
Gradient Network specializes in decentralized computing services for blockchain networks. It offers a system that facilitates liquid staking and computing power sharing, ensuring cross-chain compatibility and efficient resource allocation. This enables developers and businesses to enhance their blockchain applications, reduce costs, and improve overall network performance across different platforms.

zkMe

Seed Round in 2024
zkMe operates a verification network platform that focuses on managing online identity and personal information through zero-knowledge Identity Oracles. This technology enables truly decentralized and anonymous cross-chain credential verifications, ensuring that users maintain full control over their digital identities. By processing no personal information beyond what the user provides, zkMe eliminates the risks of data leaks and misuse by service providers. The platform allows users to selectively disclose their credentials to authorized parties while preserving their privacy. Additionally, zkMe stands out as a fully decentralized KYC provider compliant with FATF regulations, offering a comprehensive suite of products, including solutions for anti-bot and anti-sybil measures, along with KYC services.

Arch

Seed Round in 2024
Arch is a Blockchain Infrastructure Premier Bitcoin-Native Application Platform

BAXUS

Seed Round in 2024
BAXUS is a blockchain-based protocol for storing, authenticating, and tokenizing luxury goods.

Mezo

Series A in 2024
Mezo is a bitcoin economic layer network that provides fast and cheap bitcoin transactions to hold tokens while earning yield.

Burnt

Series A in 2024
Burnt Finance operates as a decentralized NFT auction protocol that facilitates the minting and trading of digital assets within a permissionless ecosystem. It aims to address the barriers that hinder the broader adoption of cryptocurrency by creating an inclusive infrastructure. The protocol not only serves as an auction house for digital assets but also supports fundraising, collections, and staking activities. By providing high-speed and low-cost services, Burnt Finance enhances the user experience in the Web3 space, collaborating with like-minded organizations to develop tools and products that promote cultural integration and functionality in the crypto domain.

XION

Series A in 2024
XION is a Layer 1 blockchain platform designed to facilitate mainstream adoption through a unique chain abstraction approach. It serves as the first Generalized Abstraction layer specifically tailored for consumer use, enabling users to interact with blockchain technology without the need for traditional wallets. By simplifying the user experience, XION aims to make blockchain more accessible to a broader audience, thereby promoting its integration into everyday applications.

Quantinium

Seed Round in 2024
Quantinium is an innovative company that offers a decentralized wireless network designed to enhance internet connectivity. It introduces a unique blockchain infrastructure characterized by its speed, security, and reliability, standing out as the first layer 1 blockchain to successfully integrate decentralization, scalability, sustainability, and cybersecurity. At the core of its offerings is Quantum Wi-Fi, a peer-to-peer, quantum-resistant global Software-defined Wireless Network (SDWN) that addresses current challenges in telecommunications. This technology fosters collaboration among service providers and transforms isolated Wi-Fi networks into interconnected ecosystems. By enabling users to share their surplus internet capacity, Quantum Wi-Fi creates a marketplace for internet connectivity, akin to the disruption seen in the transportation sector with ridesharing services. Additionally, Quantinium provides a purpose-built ledger that supports decentralized applications and a standardized approach for various asset types, enhancing the overall functionality of its network.

Zama

Series A in 2024
Zama is a cryptography company focused on developing open-source homomorphic encryption solutions aimed at enhancing user privacy. The company provides a framework that enables fast and accurate inference over encrypted data with minimal performance overhead. This technology integrates seamlessly with any neural network without the necessity for retraining, allowing clients to perform inference on encrypted user data. Zama's innovations are designed to support the growing demands for privacy protection in the fields of blockchain and artificial intelligence.

Superfluid Finance

Seed Round in 2024
Superfluid Finance develops an online cash streaming protocol aimed at revolutionizing asset movement in decentralized finance. The protocol focuses on token standardization and facilitates various financial transactions such as subscription funds, salaries, and rewards. By automating recurring transactions and enabling single on-chain exchanges, Superfluid provides customers with continuous settlement and per-second netting, enhancing capital efficiency in the decentralized finance landscape.

Glif

Seed Round in 2024
Glif is a technology company that develops and maintains essential applications for the Filecoin ecosystem. Its decentralized protocol offers tools to assist in deploying, managing, and upgrading custom staking pools, enabling users to earn yield on their assets and efficiently allocate capital and storage resources.

Wormhole

Initial Coin Offering in 2023
Wormhole covers a range of use cases to make chains for tokens, NFTs, apps, and other generic messaging applications. They build protocols on wormholes that can use data, assets, and messages from other chains.

Squads

Venture Round in 2023
Squads is a developer of a decentralized program that enables the establishment of better and easier decentralized autonomous groups. The company's application combines all of the key components of a decentralized autonomous organization, such as deployment, treasury, vault management, on-chain voting, and chat, into a single portal with an easy-to-use interface, allowing users to streamline daily operations using a decentralized autonomous organization structure.

Fhenix

Seed Round in 2023
Fhenix is a pioneering company that has developed the first private blockchain utilizing completely homomorphic encryption. This technology allows Ethereum developers to create encrypted smart contracts and conduct computations on encrypted data while using familiar tools such as Solidity. Fhenix specializes in enhancing data security and privacy through its homomorphic encryption capabilities, which enable applications in various domains, including trustless gaming, private voting mechanisms—both on-chain and off-chain—privacy-preserving artificial intelligence, and confidential token transfers. By optimizing these functionalities, Fhenix aims to provide robust solutions that enhance user trust and data confidentiality in the blockchain ecosystem.

FastLane

Seed Round in 2023
FastLane is a developer of a platform aimed at enhancing network efficiency and user experience in the blockchain space. The protocol focuses on generating revenue for validators while optimizing the performance of algorithmic traders. It employs ecosystem-friendly MEV relays to minimize transaction spam and bolster network health. This approach not only safeguards user interactions but also boosts the yield of liquid staking derivatives, improving the chances of success for beneficial trading bots. By simplifying the integration of sentry nodes through a single command line, FastLane aims to streamline operations for users and contribute to a more effective and sustainable blockchain environment.

Tableland

Series A in 2023
Tableland is a permissionless relational database tailored for web3 developers, enabling the creation of complex relational data models for decentralized applications, including games and NFTs. Built on the widely used SQLite engine, Tableland offers a secure and tamper-proof solution for data storage and retrieval on a global scale. It facilitates the synchronization and sharing of digital assets over a decentralized web protocol, allowing app developers to maintain control of their data through digital wallets. This innovative approach positions Tableland as a key player in the evolving landscape of decentralized technology.

Sei Labs

Series A in 2023
Sei Labs is the layer 1 blockchain uniquely optimized for DeFi.

Sec3

Seed Round in 2023
Sec3 is a prominent provider of blockchain security solutions and smart contract auditing services, founded by a team of Ph.Ds, university professors, and expert CTF competitors. The company specializes in developing software that continuously monitors blockchain transactions and employs advanced technology and algorithms to analyze source code. Sec3 offers comprehensive security audits for smart contracts and Web2 applications, aiming to significantly reduce security risks and expedite time to market. In addition to its auditing services, Sec3 has developed a static analyzer platform that identifies race conditions in Java code, which helps clients detect critical concurrency bugs in large and complex software systems. By leveraging the latest artificial intelligence technologies, Sec3 provides robust security solutions throughout the entire life cycle of decentralized applications (dApps).

Fluidity Money

Seed Round in 2022
Fluidity Money is a blockchain incentive platform that rewards users with yields for using their cryptocurrency. It seeks to solve DeFi's utility problem by introducing a novel incentive mechanism that rewards users for on-chain transactions. Users can wrap stablecoins in Fluidity in exchange for the fluid counterpart of that stablecoin. This can be USDC, for example, which becomes fUSDC. This works with a variety of stablecoins, including DAI, USDT, and Frax. The yield distributed via transactions is derived from lending out the underlying assets on money markets. When USDC is wrapped, fUSDC is created, and the principal is lent out.

Spindl

Seed Round in 2022
Spindl is a developer of a blockchain-based attribution system that assists businesses in enhancing user growth through intelligent data analysis. The platform offers insights into customer behavior, retention rates, and return on investment related to token drops. Additionally, it evaluates customer acquisition costs in relation to advertising spend and wallet conversion rates. By providing comprehensive analytics, Spindl enables companies to make informed marketing decisions within the web3 landscape.

Coral

Venture Round in 2022
Coral is involved in Solana as the architect of the network's Anchor development framework.

Hubble Protocol

Venture Round in 2022
Hubble is a decentralized financial protocol that allows for long-term borrowing, lending, and structured products.

Clockwork

Seed Round in 2022
Clockwork is a developer of a decentralized automation network platform that facilitates the scheduling of tasks and the automation of on-chain workflows directly with the Solana validator network. Its platform functions as an on-chain task queue, allowing users to schedule instructions for signing and validation based on a predetermined timeline. Clockwork aims to create a system where on-chain programs can independently schedule background tasks, thereby enabling customers to utilize automated products for various blockchain applications, including decentralized autonomous organization (DAO) tools and payment processing solutions.

Sei Labs

Seed Round in 2022
Sei Labs is the layer 1 blockchain uniquely optimized for DeFi.

Satellite IM

Seed Round in 2022
Satellite IM utilizes leading decentralization and encryption technology to provide a platform to build extensible apps.

Jito Labs

Series A in 2022
Jito Labs is a blockchain infrastructure company focused on maximizing rewards for validators on the Solana network while mitigating the negative impacts associated with miner extractable value (MEV). The company develops an open-source validator client and a block engine designed to create efficient and profitable blocks, enhancing the trading capabilities of validators. By providing these tools, Jito Labs enables users to optimize their revenue streams and make better use of their hardware resources.

Aptos

Series A in 2022
Aptos is a web3 startup founded in 2021 and based in Palo Alto, California. The company develops a scalable Layer 1 blockchain that allows developers to create future-proof applications. Aptos aims to provide universal access to decentralized assets through its network, utilizing a safe and reliable programming language that facilitates application development. The team at Aptos is composed of skilled engineers, researchers, strategists, designers, and builders, all working towards enhancing the accessibility and scalability of blockchain infrastructure for developers.

Merkle Manufactory

Seed Round in 2022
Farcaster operates as a decentralized social network, focusing on creating an open protocol that allows users to transfer their identities across various applications. This network enables users to claim unique usernames and store their social data on off-chain hosts, effectively giving them ownership and control over their social interactions. Developers are encouraged to create new clients and applications without needing permission, fostering innovation and flexibility within the ecosystem. Merkle Manufactory contributes to the Farcaster protocol by developing clients that enhance the user experience, reinforcing the platform's commitment to maintaining direct relationships between users and their audiences. Overall, Farcaster aims to establish a credible-neutral environment where individual identity and social data are paramount.

FanTV AI

Seed Round in 2022
FanTV, the leading AI Agent platform for next-gen Content Creation and backed by Multicoin Capital, is where AI meets Crypto on Sui, leading with over 8 million On-chain Users (80k Creators) and 27 million transactions, processing more than 1.2 million hours of AI-powered content monthly. As the largest platform for content creation across all chains, FanTV contributes to more than 22% of active wallets on Sui.

Geode Finance

Seed Round in 2022
Geode Finance offers a unique liquid staking solution designed specifically for decentralized autonomous organizations (DAOs). This innovative platform provides customizable and easy-to-deploy technology that aims to transform the staking process. By enabling DAOs to establish white-label staking pools and derivatives products, Geode Finance allows these organizations to exercise detailed control over delegation mechanics within proof-of-stake networks. This capability empowers DAOs to generate their own yield-bearing tokens, enhance treasury yields, and access composable liquidity, thereby improving their financial flexibility and operational efficiency.

FanTiger

Seed Round in 2022
FanTiger operates a music NFT marketplace that aims to empower independent artists and foster connections with their fans. The platform utilizes blockchain technology to facilitate the creation, buying, and selling of digital collectibles, enabling artists to build decentralized communities. By purchasing song NFTs, fans can actively support their favorite artists and contribute to their growth, thereby helping artists capture more value from their work. This innovative approach allows for a more interactive relationship between artists and fans, enhancing the overall music experience.

Community Gaming

Series A in 2022
Community Gaming is an esports competition platform that provides advanced online tournament software and a cryptocurrency payment infrastructure. The platform is designed to support players, event organizers, and game developers by equipping them with the necessary tools to create, facilitate, and participate in automated esports tournaments. With a focus on user experience and scalable blockchain payment technology, Community Gaming aims to decentralize the financial gains of the esports and gaming industry, making them more accessible to a broader audience through web3 technology. This approach promotes the idea of "Earnings for Everyone," ensuring that participants are rewarded for their engagement and contributions within the gaming ecosystem.

DFlow

Seed Round in 2022
DFlow is a payment-for-order-flow marketplace that provides transparent and market-driven price discovery for order flow. They provide a decentralized market platform to ensure the most optimal execution environment for consumers. The market-driven approach to PFOF used by DFlow allows the public to see live market prices for token pairs.

Coinbooks

Seed Round in 2022
Coinbooks is a San Francisco-based accounting software startup that provides solutions for businesses utilizing digital assets. The platform integrates with cryptocurrency wallets and existing accounting systems, allowing companies to manage both crypto and non-crypto transactions in a single interface. Coinbooks automates payroll, billing, and bookkeeping, streamlining financial processes for crypto businesses. Through its AutoPilot feature, Coinbooks regularly synchronizes transactions with conventional fiat accounting solutions, enabling users to handle their finances in a manner akin to traditional accounting without the complexities associated with cryptocurrency.

Aptos

Seed Round in 2022
Aptos is a web3 startup founded in 2021 and based in Palo Alto, California. The company develops a scalable Layer 1 blockchain that allows developers to create future-proof applications. Aptos aims to provide universal access to decentralized assets through its network, utilizing a safe and reliable programming language that facilitates application development. The team at Aptos is composed of skilled engineers, researchers, strategists, designers, and builders, all working towards enhancing the accessibility and scalability of blockchain infrastructure for developers.

Dialect

Seed Round in 2022
Dialect is a smart messaging protocol designed to enhance decentralized application (dapp) experiences through timely and targeted messaging and notifications. It facilitates seamless on-chain communication, beginning with wallet-to-wallet chat and app notifications. In addition to its core messaging capabilities, Dialect has open-sourced a blockchain monitoring toolkit and web component libraries, making it easy for developers to integrate composable, on-chain messages into their applications. This innovation allows projects to deliver engaging messaging experiences directly to users, thereby improving interaction within the decentralized ecosystem.

Squads

Venture Round in 2022
Squads is a developer of a decentralized program that enables the establishment of better and easier decentralized autonomous groups. The company's application combines all of the key components of a decentralized autonomous organization, such as deployment, treasury, vault management, on-chain voting, and chat, into a single portal with an easy-to-use interface, allowing users to streamline daily operations using a decentralized autonomous organization structure.

MRGN Group

Seed Round in 2022
mrgn is a team focused on democratizing essential financial infrastructure for the betterment of mankind.

Ren Labs

Seed Round in 2022
Ren Labs is a multichain technology promoting the research and development of initiatives to expand the Ren ecosystem and the broader blockchain space.

Fluence Labs

Series A in 2022
Fluence Labs operates as an open-source, blockchain-based decentralized database platform that enables the aggregation, storage, and processing of data from various decentralized sources. The company's technology creates a permissionless infrastructure that establishes a trustless query layer over blockchains, allowing for easy discovery, searchability, and consumption of blockchain data. By connecting computing devices within its network, Fluence Labs provides managed database services and generalized backends, facilitating real-time data storage and processing for developers. The platform utilizes a cryptographic token for digital payments, enhancing the functionality and accessibility of decentralized applications.

Dune Analytics

Series B in 2022
Dune Analytics AS, founded in 2018 by Fredrik Haga and Mats Olsen, is based in Oslo, Norway, and specializes in providing an analytics platform focused on Ethereum blockchain data. The company offers a powerful tool that enables users to query, extract, and visualize extensive amounts of on-chain data. Its software allows anyone to create SQL queries and analyses, instantly transforming results into visual graphs that can be shared within the community. This accessibility makes complex blockchain data consumable for a broad range of users, facilitating insights and research within the crypto space.

Galxe

Series A in 2022
Galxe is a prominent Web3 credential data network that provides a collaborative infrastructure for brands and developers to engage communities and create innovative products in the decentralized web. The company offers a modular platform that facilitates the creation, distribution, and gamification of non-fungible tokens, utilizing customized on-chain data. By rewarding curators for the use of credentials within its infrastructure and credential oracle engine, Galxe fosters a participatory environment where developers and community members can construct engaging experiences. Its platform allows for the development of tailored campaigns through plug-and-play modules, enhancing the capability of users to interact with decentralized credential data networks effectively.

Metaplex

Initial Coin Offering in 2022
Metaplex is a developer of a robust NFT-based platform that enables creators and brands to establish direct relationships with their audiences. It is recognized for providing the core infrastructure for non-fungible tokens (NFTs) on the Solana blockchain, including the primary standard for NFTs and the largest NFT minting platform, which has facilitated substantial market activity. The company's offerings include a no-code platform, designed to allow artists and creators to easily launch self-hosted NFT storefronts using intuitive drag-and-drop tools. This approach simplifies the process of connecting directly to the blockchain, making it accessible even for those without technical expertise, while also keeping minting costs low for developers. With a growing user base, Metaplex is positioned to enhance the NFT ecosystem by empowering diverse creators to engage with fans and monetize their work effectively.

Burnt

Series A in 2022
Burnt Finance operates as a decentralized NFT auction protocol that facilitates the minting and trading of digital assets within a permissionless ecosystem. It aims to address the barriers that hinder the broader adoption of cryptocurrency by creating an inclusive infrastructure. The protocol not only serves as an auction house for digital assets but also supports fundraising, collections, and staking activities. By providing high-speed and low-cost services, Burnt Finance enhances the user experience in the Web3 space, collaborating with like-minded organizations to develop tools and products that promote cultural integration and functionality in the crypto domain.

Torus Labs

Series A in 2022
Web3Auth is a platform that simplifies cryptographic key management for users and applications in the Web3 space. By allowing users to authenticate using familiar methods such as Google, Facebook, or passwordless logins, Web3Auth abstracts the complexities of managing private keys. This approach not only enhances user experience but also promotes self-sovereignty by making key management accessible to a broader audience. Additionally, the company employs a decentralized key generation system that ensures user keys are distributed with proof mechanisms to safeguard against malicious activities. This enables secure control over transactions through private channels, reinforcing the platform's commitment to user security and empowerment in the digital asset landscape.

Exotic Markets

Initial Coin Offering in 2022
Exotic Markets operates a decentralized finance platform built on the Solana blockchain, aiming to democratize investment opportunities for all investors. The company focuses on providing wealth management solutions and structured products that are typically associated with traditional banking, thereby making them accessible in the decentralized finance landscape. Through its innovative offerings, Exotic Markets allows users to engage with flexible structured products that cater to various investment strategies, including baskets of tokens, trading ranges, and capital preservation mechanisms. This approach helps investors diversify their portfolios and enhance their returns while utilizing straightforward and sustainable financial products.

TipLink

Seed Round in 2022
TipLink is a financial platform designed to simplify the distribution of digital assets, particularly cryptocurrencies. Users can create an account and generate a unique link to send crypto easily to anyone through various communication platforms, similar to purchasing a gift card. The service allows individuals to connect their preferred crypto wallet and deposit the desired amount for transfer, eliminating the need for the recipient to have a wallet. This streamlined approach offers a secure and cost-effective solution for managing and sharing digital assets, making it convenient for customers to transform their cryptocurrencies according to their needs.

RNDR Token

Initial Coin Offering in 2021
RNDR is OTOY’s token based rendering network. It enables distributed GPU rendering on the blockchain, using OctaneRender which is the world’s first and fastest GPU-accelerated, unbiased, physically correct renderer. Octane uses the graphics card in networked computers to render photo-realistic images super fast. With Octane’s parallel compute capabilities, users can render works in a fraction of the time, and at a better cost than centralized services. RNDR is currently the fund’s only pure utility token investment — in a use case where the token is actually delivering utility in a network, using proven technology to deliver a service with a real and strong market.

Solscan

Seed Round in 2021
Solscan is a comprehensive block explorer and data analytics platform dedicated to the Solana ecosystem. It enables users to monitor transactions on the blockchain, offering insights into the movement of digital assets. The platform provides a wide array of data services tailored for users, developers, and projects, allowing for real-time tracking of non-fungible tokens, including information on their sales prices, transactions, and collections. Through its robust features, Solscan enhances transparency and accessibility within the blockchain space, catering to the needs of various stakeholders in the digital asset market.

CyberConnect

Seed Round in 2021
CyberConnect is a decentralized social graph protocol with identity sovereignty for mass adoption and network effects.

BetDEX

Seed Round in 2021
BetDEX is a decentralized sports betting protocol that operates on a blockchain-based platform, allowing users to place bets on various sports using cryptocurrency. The protocol is designed to provide high speeds and low transaction costs while eliminating counterparty risk, ensuring a secure betting experience. As a permissionless platform, BetDEX enables developers to create their own applications on top of its infrastructure, fostering innovation in the sports betting space. By granting users control over their betting activities and allowing them to set their own prices, BetDEX offers a unique approach to engaging with sports and prediction markets.

Beta Finance

Venture Round in 2021
Beta Finance is a decentralized finance protocol that facilitates lending, borrowing, and short-selling of cryptocurrency assets. Designed as a permissionless money market, it seeks to mitigate the inherent volatility of the crypto market and enhance overall market stability. The platform provides a user-friendly, one-click solution, allowing traders without technical expertise to easily manage and update their short positions. It presents all relevant token information directly on the interface, empowering users to make informed decisions in the dynamic crypto landscape.

Drift

Seed Round in 2021
Drift Protocol is a developer of a decentralized derivatives exchange that focuses on providing on-chain, cross-margined perpetual futures trading on the Solana blockchain. The platform aims to enhance the efficiency of trading futures through an upgraded decentralized system that features a new pegging mechanism. This innovation allows users to adjust liquidity based on market demand and open interest, thereby improving the overall trading experience. Drift Protocol's approach positions its exchange as a competitive option for margin trading within the decentralized finance space.

MCDEX

Venture Round in 2021
Fully permissionless protocol for decentralized perpetual swaps

WorldCoin

Venture Round in 2021
World is a company that connects users through a privacy-focused network designed for secure digital asset management. It offers a digital currency platform that emphasizes both privacy and transparency using a permissionless blockchain. The World App enables users to securely store their World ID, manage digital assets, and access various Mini Apps, promoting global connectivity and trust. Additionally, World provides an iris-scanning device that enhances digital identity security by storing biometric information, which helps discourage spammers from creating multiple accounts. This combination of secure identity management and digital currency aims to facilitate a reliable and user-friendly digital environment.

Timeswap

Seed Round in 2021
Timeswap is a decentralized finance application that facilitates borrowing and lending through cryptocurrency. The platform allows users to engage in fixed maturity lending and borrowing using any crypto tokens, with the option to utilize alternative tokens as collateral. Its key features include flexible interest rates and collateral factors, which enable users to tailor their risk-return profiles according to their preferences. Additionally, Timeswap supports the creation of Ethereum-based ERC20 token pools by allowing users to provide the necessary liquidity. This structure provides a versatile and user-friendly environment for crypto investors and individuals seeking to access crypto loans.

RabbitX

Series A in 2021
RabbitX is a decentralized finance platform that simplifies investment in global stocks, foreign exchange, commodities, and digital assets without charging commissions. The platform leverages advanced Zero-Knowledge decentralized scaling technology to enhance user experience and security. It offers unique features such as interest rate swaps, enabling users to trade, speculate, and hedge interest rates in cryptocurrency transactions. Supported by prominent investors, RabbitX aims to modernize finance by integrating traditional financial instruments into the digital landscape.

Strips Finance

Initial Coin Offering in 2021
STRIPS was designed to allow users to trade, speculate, and hedge interest rates. STRIPS cutting edge AMM technology allows for cross-chain yield markets on the most popular DeFi and CeFi platforms.

Swivel Finance

Series A in 2021
Swivel Finance is a decentralized protocol that specializes in fixed-rate lending and tokenized cash flows, allowing lenders to secure fixed-rate interest rates on their ERC-20 tokens. Founded in 2020 and based in Austin, Texas, the company has developed an online lending platform that minimizes transaction overhead and reduces associated risks for users. By providing a mechanism for locking in interest rates, Swivel Finance aims to enhance the stability and predictability of returns in the decentralized finance sector.

Grape Network

Seed Round in 2021
Grape Network is a developer of a decentralized social networking platform that aims to enhance the management of online communities through decentralized autonomous organizations (DAOs). The platform connects users' social accounts to cryptographic keys, allowing for community access based on wallet balances. In addition to its core functionalities, Grape Network offers a range of services including development, research, consulting, content marketing, and design. This comprehensive approach empowers DAOs to operate more effectively and securely, fostering a more engaged and organized community environment.

LayerZero

Series A in 2021
LayerZero Labs is a developer of a blockchain messaging protocol that enables decentralized applications to operate across multiple blockchains. The company's platform facilitates data exchange and interoperability by connecting disparate blockchains, offering a streamlined solution for cross-chain applications. Utilizing an on-chain light node for validation, LayerZero improves speed, security, and cost-efficiency, as it streams block headers on-demand through decentralized oracles rather than maintaining all headers sequentially. This innovative approach allows clients to efficiently implement low-level communication primitives necessary for cross-chain functionality.

Audius

Venture Round in 2021
Audius, Inc. is a music streaming platform that leverages blockchain technology to create a decentralized community for artists, developers, and listeners. Incorporated in 2018 and based in San Francisco, the company enables musicians to share and monetize their work directly with fans, eliminating the need for intermediaries. Audius provides features such as audio file hosting, streaming capabilities, and a creator dashboard, allowing artists to manage their content and earnings efficiently. The platform ensures the secure and verifiable attribution of creative works through immutable, time-stamped records on the blockchain. By offering a transparent system for content distribution and royalty payments, Audius empowers creators to connect with their audiences and maintain control over their music.

Eden Network

Seed Round in 2021
Eden Network is a blockchain infrastructure company that focuses on enhancing transaction safety for traders and providing transaction priority for NFT minters. It develops a suite of Ethereum smart contracts that adhere to the principles of progressive decentralization, allowing token holders to participate in governance through private communication channels and decision-making processes. The company also offers essential liquid staking and validation infrastructure aimed at optimizing yield generation, increasing total value locked (TVL), and fostering overall network growth. By prioritizing both security and user governance, Eden Network seeks to create a more efficient and decentralized trading environment.

UXD Protocol

Seed Round in 2021
UXD Protocol is a decentralized platform that operates on the Solana blockchain, focusing on facilitating digital asset transactions. It offers an algorithmic stablecoin designed to maintain its value by holding and balancing various cryptocurrencies as collateral. This innovative approach allows the protocol to automatically generate interest for users, enabling them to earn from their crypto transactions. By combining stability with the potential for earnings, UXD Protocol aims to provide a reliable option for investors in the evolving digital asset landscape.

Alethea AI

Funding Round in 2021
Alethea AI is a decentralized protocol focused on the development of intelligent and interactive non-fungible tokens (NFTs) powered by advanced artificial intelligence technologies. The company has pioneered the iNFT standard, which allows for the creation of photorealistic avatars capable of animation and interaction. Through its multimedia platform, Alethea AI enables users to generate high-quality synthetic media while ensuring digital rights management through blockchain technology. This framework empowers creators to publish AI-generated characters and monetize their content by fulfilling requests from buyers, positioning Alethea AI at the forefront of the evolving intersection of AI and digital assets.

Dune Analytics

Series A in 2021
Dune Analytics AS, founded in 2018 by Fredrik Haga and Mats Olsen, is based in Oslo, Norway, and specializes in providing an analytics platform focused on Ethereum blockchain data. The company offers a powerful tool that enables users to query, extract, and visualize extensive amounts of on-chain data. Its software allows anyone to create SQL queries and analyses, instantly transforming results into visual graphs that can be shared within the community. This accessibility makes complex blockchain data consumable for a broad range of users, facilitating insights and research within the crypto space.

Saber Labs

Seed Round in 2021
Saber Labs is the cross-chain stablecoin and wrapped assets exchange on Solana.

Superfluid Finance

Seed Round in 2021
Superfluid Finance develops an online cash streaming protocol aimed at revolutionizing asset movement in decentralized finance. The protocol focuses on token standardization and facilitates various financial transactions such as subscription funds, salaries, and rewards. By automating recurring transactions and enabling single on-chain exchanges, Superfluid provides customers with continuous settlement and per-second netting, enhancing capital efficiency in the decentralized finance landscape.

Community Gaming

Seed Round in 2021
Community Gaming is an esports competition platform that provides advanced online tournament software and a cryptocurrency payment infrastructure. The platform is designed to support players, event organizers, and game developers by equipping them with the necessary tools to create, facilitate, and participate in automated esports tournaments. With a focus on user experience and scalable blockchain payment technology, Community Gaming aims to decentralize the financial gains of the esports and gaming industry, making them more accessible to a broader audience through web3 technology. This approach promotes the idea of "Earnings for Everyone," ensuring that participants are rewarded for their engagement and contributions within the gaming ecosystem.

Solana

Initial Coin Offering in 2021
Solana is a blockchain technology company, established in 2021, specializing in the development of a decentralized, scalable blockchain platform. The platform, validated by thousands of independent nodes, ensures robust security and resistance to censorship. It leverages proof of history and concurrent GPU parallelization to deliver high-speed, low-latency, and inexpensive transactions, enabling users to scale without sharding or specialized hardware.

Tibles

Seed Round in 2021
Tibles operates a digital collecting ecosystem on the Flow blockchain, focusing on the value of ownership and the experience of collecting. The company has developed a trading platform that serves as a marketplace for digital non-fungible tokens (NFTs), enabling users to buy and sell unique digital collectibles. By collaborating with various brands, Tibles creates a diverse range of collectibles, including cards, comic books, sticker books, and multimedia objects. This platform not only facilitates transactions but also fosters a community among collectors, enhancing the overall experience of digital collecting.

Jenny Metaverse DAO

Pre Seed Round in 2021
Jenny DAO is a collaborative contemporary art collection that creates assets in the metaverse and fractionalizes them on Unicly. JennyDAO's fractionalization strategy aims to give high-end NFT ownership a distributed spin. JennyDAO can make rare internet art more accessible by fractionalizing a collection of valuable NFTs.

Burnt

Venture Round in 2021
Burnt Finance operates as a decentralized NFT auction protocol that facilitates the minting and trading of digital assets within a permissionless ecosystem. It aims to address the barriers that hinder the broader adoption of cryptocurrency by creating an inclusive infrastructure. The protocol not only serves as an auction house for digital assets but also supports fundraising, collections, and staking activities. By providing high-speed and low-cost services, Burnt Finance enhances the user experience in the Web3 space, collaborating with like-minded organizations to develop tools and products that promote cultural integration and functionality in the crypto domain.

Filebase

Seed Round in 2021
Filebase is an object storage platform that facilitates access to decentralized storage through a unified, S3-compatible API. The platform simplifies the deployment, access, and management of data across various decentralized storage networks, allowing users to move or replicate data swiftly. It features a browser-based dashboard and utilizes edge caching technology to enhance performance for writing and retrieving data, presenting a secure and geo-redundant alternative to traditional cloud storage solutions at reduced costs. By making decentralized storage accessible and user-friendly, Filebase aims to support developers and enterprises in their transition to Web3.

Enso Finance

Venture Round in 2021
The world's first intent engine powering the intent-centric future. A layer-1 tendermint-based blockchain, storing state from EVM, SVM, and MVM chains to enable execution on all blockchain frameworks.

dClimate

Seed Round in 2021
dClimate is a decentralized marketplace designed to standardize, monetize, and distribute climate data, forecasts, and models. By connecting data publishers directly with consumers, dClimate enhances the accessibility and reliability of climate information. The platform scores data for reliability when providers share their forecasts, allowing users to make informed decisions based on trustworthy information. This innovative approach creates a straightforward distribution mechanism that enables data providers to monetize their work while supporting a uniform architecture that ensures data immutability. dClimate serves a diverse range of users, including businesses, farmers, multinational corporations, and governments, facilitating timely, data-driven decision-making in the face of climate challenges.

MCDEX

Pre Seed Round in 2021
Fully permissionless protocol for decentralized perpetual swaps

Sommelier

Seed Round in 2021
Sommelier is a financial platform focused on decentralized finance (DeFi) that caters to traders and liquidity providers. It features a modular protocol, a bi-directional Ethereum bridge, and automated signature management, ensuring a secure environment through decentralized governance. The platform enables users to author and execute complex and automated financial transactions, such as portfolio rebalancing and limit orders. By providing these capabilities, Sommelier aims to bridge the gap between the functionalities offered by centralized finance and those available in the DeFi space, delivering a robust solution for modern financial transactions.

OpenOcean

Seed Round in 2021
OpenOcean is a company that operates a decentralized exchange (DEX) aggregator platform, designed to facilitate cryptocurrency swaps by providing price comparisons between central exchanges (CEX) and decentralized exchanges (DEX). The platform employs an intelligent routing algorithm that optimizes swap transactions, ensuring users achieve maximum returns while trading various cryptocurrencies. By enabling a one-stop transaction experience, OpenOcean allows users to trade assets more efficiently and cost-effectively, making it easier for them to navigate the complexities of the cryptocurrency market.

saffron.finance

Seed Round in 2021
Saffron.finance is a decentralized finance protocol focused on asset collateralization and tailored risk management. It facilitates the tokenization of on-chain assets, allowing users to gain tokenized ownership and enhancing liquidity options. The platform empowers liquidity providers by granting them the ability to choose their level of exposure to various underlying platforms. This flexibility enables clients to better manage their risk and return profiles, providing a customized approach to navigating the complexities of on-chain asset investment. By offering these services, Saffron.finance aims to improve access to utilized capital and enhance the overall efficiency of the DeFi ecosystem.

Oxygen.org

Venture Round in 2021
Oxygen.org is a decentralized brokerage protocol focused on digital assets and leveraged trading. Its platform provides a decentralized prime brokerage solution, a DeFi wallet, and a dedicated token. This infrastructure allows users to engage in borrowing, lending, and trading with leverage, thereby democratizing access to these financial services. Users can earn yields, borrow from peers, and trade directly from their asset pools, all while obtaining trading leverage against their portfolios.

Manta Network

Pre Seed Round in 2021
Manta Network is focused on creating a secure and interoperable digital ecosystem through the use of Zero-Knowledge technology. The company operates a decentralized exchange platform designed to protect user privacy and prevent tracking of activities. By utilizing a protocol based on substrate frameworks, Manta Network offers end-to-end anonymity, high throughput, and robust cross-chain interoperability. This enables users to exchange data in a secure environment, prioritizing privacy and security in their transactions.

P0x Labs

Seed Round in 2021
P0x labs is the team behind Manta Network is a privacy-preserving technology operating on the Polkadot blockchain.

Coinbooks

Pre Seed Round in 2021
Coinbooks is a San Francisco-based accounting software startup that provides solutions for businesses utilizing digital assets. The platform integrates with cryptocurrency wallets and existing accounting systems, allowing companies to manage both crypto and non-crypto transactions in a single interface. Coinbooks automates payroll, billing, and bookkeeping, streamlining financial processes for crypto businesses. Through its AutoPilot feature, Coinbooks regularly synchronizes transactions with conventional fiat accounting solutions, enabling users to handle their finances in a manner akin to traditional accounting without the complexities associated with cryptocurrency.

Salad Ventures

Seed Round in 2021
Salad Ventures is a developer focused on creating decentralized online games and building ecosystems within the Web 3.0 landscape. By integrating elements of online gaming, decentralized finance, and community governance, the company aims to enhance the play-to-earn model. Salad Ventures designs plug-and-play applications and games that leverage blockchain technology, enabling gamers to compete for larger rewards while fostering a sense of community and collaboration. Through its innovative approach, Salad Ventures seeks to unlock new opportunities in the evolving digital economy.

Swivel Finance

Seed Round in 2020
Swivel Finance is a decentralized protocol that specializes in fixed-rate lending and tokenized cash flows, allowing lenders to secure fixed-rate interest rates on their ERC-20 tokens. Founded in 2020 and based in Austin, Texas, the company has developed an online lending platform that minimizes transaction overhead and reduces associated risks for users. By providing a mechanism for locking in interest rates, Swivel Finance aims to enhance the stability and predictability of returns in the decentralized finance sector.

MathWallet

Series A in 2020
MathWallet is a multi-platform crypto wallet that supports more than 50 public blockchains and enables storage of Bitcoin and major altcoins like Ethereum, EOS, Tron and more. Additionally, it features cross-chain token exchanges, a multi-chain DApp store and operates nodes for PoS chain.

Arweave

Initial Coin Offering in 2020
Arweave is an information technology company founded in 2017 and headquartered in London, England, specializing in permanent data storage solutions through its innovative blockchain protocol. The company offers a platform that ensures unparalleled data replication and security, allowing users to store information permanently and access it at low costs. Its consensus mechanism enables a decentralized approach to data distribution, empowering users to adapt autonomously within the network. Arweave's focus on serverless web technology further enhances its capabilities, positioning the company as a leader in the field of secure and reliable data storage.

Braintrust

Venture Round in 2020
Braintrust is a blockchain-based freelancer marketplace that connects technical and design professionals with organizations seeking their expertise. Founded in 2018 in San Jose, California, by Adam Jackson, Gabriel Luna-Ostaseski, and Brian Flynn, Braintrust offers a user-controlled talent network that eliminates intermediaries, allowing companies to save significantly on hiring costs. The platform enables direct connections between enterprises and highly skilled talent, ensuring that freelancers retain 100 percent of their earnings while the company charges a flat 10 percent project fee. Braintrust aims to disrupt traditional hiring practices by creating a transparent and efficient ecosystem that aligns the interests of both talent and organizations, facilitating access to the right professionals based on verified reputations and work histories.

Dune Analytics

Seed Round in 2020
Dune Analytics AS, founded in 2018 by Fredrik Haga and Mats Olsen, is based in Oslo, Norway, and specializes in providing an analytics platform focused on Ethereum blockchain data. The company offers a powerful tool that enables users to query, extract, and visualize extensive amounts of on-chain data. Its software allows anyone to create SQL queries and analyses, instantly transforming results into visual graphs that can be shared within the community. This accessibility makes complex blockchain data consumable for a broad range of users, facilitating insights and research within the crypto space.

Perpetual Protocol

Seed Round in 2020
Perpetual Protocol is a decentralized trading platform that specializes in perpetual contracts for various assets. It aims to create a robust trading environment by utilizing a unique Virtual Automated Market Maker (AMM) design, which facilitates leveraged trading opportunities for users. This innovative approach not only enhances liquidity but also provides a safety net for virtual markets, ensuring a more secure and efficient trading experience. Through its protocol, Perpetual Protocol seeks to democratize access to advanced trading tools, making it easier for participants to engage in the cryptocurrency market.

Stardust

Seed Round in 2020
Stardust is a software platform that assists game developers in creating and managing games within the metaverse, leveraging blockchain technology and integrating non-fungible tokens (NFTs). Founded in 2018 and headquartered in Palo Alto, California, Stardust offers a user-friendly graphical interface and robust APIs that allow developers to build Web3 games without the need for extensive blockchain knowledge. The platform supports integration with multiple blockchains, enabling developers to streamline their processes and enhance player engagement. Through its tools, Stardust aims to simplify the development of blockchain-based games, making it easier for developers to bring innovative gaming experiences to players.

Audius

Venture Round in 2020
Audius, Inc. is a music streaming platform that leverages blockchain technology to create a decentralized community for artists, developers, and listeners. Incorporated in 2018 and based in San Francisco, the company enables musicians to share and monetize their work directly with fans, eliminating the need for intermediaries. Audius provides features such as audio file hosting, streaming capabilities, and a creator dashboard, allowing artists to manage their content and earnings efficiently. The platform ensures the secure and verifiable attribution of creative works through immutable, time-stamped records on the blockchain. By offering a transparent system for content distribution and royalty payments, Audius empowers creators to connect with their audiences and maintain control over their music.
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