From UGC to UGP: Consumer Brands & Co-Creation
Many have argued how co-creation will ultimately lead to the democratization of the creator class, re-imagine fandom, and turn fans into creators; however, this discussion stops short of the implications of co-creation on brands, which could be larger than the impact on co-creators themselves. In the past, brands created products and, more generally, culture, and proliferated this top-down via centralized, top-down media (Toby Shorin).
In the first wave of crypto innovation after Bitcoin, many developers forked the Bitcoin codebase to try to build other decentralized infrastructure and applications beyond digital gold. Some of the earliest forks included attempts at building decentralized databases that could be used for general purpose application development. In the wave of crypto innovation that followed Ethereum’s launch, teams began building BFT database engines.
Today, we are proud to announce our investment in Lore, the first co-ownership platform for web3 collectives. We led a $4M round alongside North Island Ventures, Seed Club Ventures, Balaji Srinivasan, Zeneca, Mischief Ventures, Sfermion, CMT Digital, Patricio Worthalter, Spice Capital, Sublime Ventures, and others.
Our Investment in Seed Club Ventures, a Venture DAO
Today, we are proud to announce our investment in Seed Club Ventures (SCV), a $25M venture DAO that invests in internet-native organizations, alongside Delphi Digital, Dragonfly Capital, Collab+Currency, SV Angel, Distributed Global, and others. SCV will be exclusively focused on early stage teams building communities, infrastructure and applications that leverage Web3 primitives to accelerate financial and human capital coordination to achieve their missions.
New Investment Partners at Multicoin
Today I’d like to announce that two of our longest standing members of our investment team, Spencer Applebaum (LinkedIn, Twitter) and Shayon Sengupta (LinkedIn, Twitter), have been promoted to Investment Partner. Both of them have done great work in finding lucrative trades in public markets, and in sourcing and winning competitive deals in private markets. But most importantly, both have also worked closely with many of our founders over the past several years to help them succeed.
Onboarding The Next Billion Users To Crypto Rails
Today, we’re announcing we co-led TipLink’s $6M seed round with Sequoia. Our colleagues from Circle Ventures, Solana Ventures, Paxos, Asymmetric, Big Brain Ventures, Karatage and Monke Ventures also participated in the round. Nick Grossman wrote a thesis we’re fond of called The Butter Thesis which he defines as interactions and experiences that are super smooth—rich, easy, delicious.
Full Stack, Decentralized Security
The design space of cyber security is vast. There are an infinite number of attack vectors across chips and instruction sets, operating systems, runtimes, and applications. And naturally, there are many large cybersecurity companies. When I first got into Ethereum in 2016, the only real cybersecurity companies were smart contract auditors. Human audits have been and always will be paramount. However, human audits are not enough.
The Web3 Growth Stack
We’ve become increasingly interested in a category of innovation that we’re internally calling the Web3 Growth Stack—i.e., the tools that product managers and marketers use to acquire, engage and retain customers using Web3 technologies. In Web2, the growth stack consists of a plethora of tools, platforms, and analytics systems designed to help product and marketing leaders augment growth.
Unlocking Payments Over Crypto Rails
Since the advent of Bitcoin, people have been talking about the inevitability of crypto-based payments. And yet, 13 years since the launch of Bitcoin, payments over crypto rails have not yet entered mainstream consciousness. Why have crypto payments struggled? And why is that changing now?
Watch Videos From The 2022 Multicoin Summit
This year we celebrated our fifth anniversary as a firm. Over that time, we’ve watched carefully as the industry has evolved and built step-function improvements to scaling, indexing, data modeling, wallets, and more. Core infrastructure has occupied the minds of builders for years; however, that’s now starting to change. New consumer applications—like games, social media, creator platforms, consumer loyalty, and more—are starting to appear.
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- Conversations From The 2021 Multicoin Summit [VIDEOS]
- Watch Fireside Chats with Solana, Helium, Ribbit Capital from the Fall 2020 Multicoin Summit
- Fear, Uncertainty & Doubt in 2020 with Galaxy Digital on Heard Around the Block
- Ben Sparango and Tony Sheng talk The Trust Spectrum on the Chain Reaction Podcast
- Is Crypto the Next Cleantech? Tushar Jain talks with Galaxy Digital Trading on Heard Around the BLOCK
- Kyle Samani Joins Howard Lindzon On Panic With Friends to Talk the Past, Present and Future of Crypto
- Epicenter #361: Kyle Samani, Sebastien Couture & Brian Fabian Crain
- Kyle Samani featured On The Brink hosted by Castle Island
- Listen to Tushar Jain & Arman Dezfuli-Arjomandi on The Hotspot
- Unchained Podcast Audio Essay: The Most Forkable DeFi Protocols on Ethereum