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Crypto Mega Theses

Open, distributed ledgers and permissionless, censorship-resistant, trust-minimized computation are going to reshape massive sectors of the global economy. This belief led us to found Multicoin Capital in 2017, and after spending two years with entrepreneurs, business leaders, and investors in this space, we’ve developed more conviction in this thesis than ever before.

On Value Capture at Layers 1 and 2

Among the crypto development and investor communities, the most popular term is “protocol,” and for good reason. Everyone is building a protocol (and presumably these protocols offer investors and employees some way to generate returns).

Binance Coin ($BNB) Analysis and Valuation

Binance is the crypto exchange that best exemplifies Bezos’s famous quote. The industry leading exchange charges the lowest fees in the industry as a strategy and competitive advantage.

Our Investment in The Graph

I’m proud to announce that Multicoin has led a $2.5M seed round in The Graph. We believe that The Graph is going to be one of the most important protocols in the Web3 stack.

What P2P Markets are Better Decentralized?

Over the last 20 years, a lot of companies have built large online marketplaces to connect buyers and sellers. Amazon, eBay, Uber, and AirBnb typically come to mind as the most obvious examples. But there are many more.

Questions From the Crypto Idea Maze

As 2018 comes to a close, we’ve been thinking about some of the big questions that crypto still needs to answer.

Multicoin Summit Panels: Fall 2018

Our Fall 2018 Summit brought together some of the brightest minds and biggest thinkers in crypto at New York City’s Dream Hotel. We were very fortunate to have some of our speakers travel from halfway around the world to be with us for this meeting of the minds.

Announcing our investment in Helium

I’m extremely excited to announce that Multicoin Capital co-led a $15M financing in Helium with our friends at Union Square Ventures. The Helium vision is the most ambitious we have seen in the blockchain space since the advent of smart contracts on Ethereum: Helium represents a fundamentally new approach—one with a radically reduced cost structure—to deploying and managing wireless networks at scale.

The Unbundling Of Ethereum

Today, Ethereum is the leading smart contract platform. While the trust-minimization properties of Ethereum are compelling, many developers are realizing that Ethereum simply cannot support the applications they want to build. Because of this, developers are choosing to build on other chains at an increasing pace. What applications are being unbundled from Ethereum, what applications are increasingly bundling around Ethereum, and what are the long-term implications for ETH’s monetary premium?

Inside the Room at the Spring 2019 Multicoin Summit (Videos)

The Multicoin Summit is an invite-only event that brings together some of the brightest minds in crypto to discuss the most important trends and topics shaping the industry. Though our events are primarily for our LPs and industry partners, we strive to make the ideas discussed as accessible as possible to you, our readers.

Crypto Mega Theses

Open, distributed ledgers and permissionless, censorship-resistant, trust-minimized computation are going to reshape massive sectors of the global economy. This belief led us to found Multicoin Capital in 2017, and after spending two years with entrepreneurs, business leaders, and investors in this space, we’ve developed more conviction in this thesis than ever before.

On Value Capture at Layers 1 and 2

Among the crypto development and investor communities, the most popular term is “protocol,” and for good reason. Everyone is building a protocol (and presumably these protocols offer investors and employees some way to generate returns).

Binance Coin ($BNB) Analysis and Valuation

Binance is the crypto exchange that best exemplifies Bezos’s famous quote. The industry leading exchange charges the lowest fees in the industry as a strategy and competitive advantage.

Our Investment in The Graph

I’m proud to announce that Multicoin has led a $2.5M seed round in The Graph. We believe that The Graph is going to be one of the most important protocols in the Web3 stack.

What P2P Markets are Better Decentralized?

Over the last 20 years, a lot of companies have built large online marketplaces to connect buyers and sellers. Amazon, eBay, Uber, and AirBnb typically come to mind as the most obvious examples. But there are many more.

Questions From the Crypto Idea Maze

As 2018 comes to a close, we’ve been thinking about some of the big questions that crypto still needs to answer.

Multicoin Summit Panels: Fall 2018

Our Fall 2018 Summit brought together some of the brightest minds and biggest thinkers in crypto at New York City’s Dream Hotel. We were very fortunate to have some of our speakers travel from halfway around the world to be with us for this meeting of the minds.