Yeah pretty rough out there especially for newer funds, dont get discouraged

Earlier this year, Derek Edws argued in his essay ‘AI, Crypto, and America’ that the country’s AI infrastructure build could in part be supercharged with crypto's five killer features -- ownership, coordination incentives, micropayments, shared standards, and distributed

We're excited to announce that we will be hosting the inaugural Frictionless Research Summit on November 13–14 in New York City A highly curated, invite-only gathering for founders, market makers, investors, and researchers shaping the future of the industry. Over two intensive

Looking forward to this should be a great event from Frictionless Capital

Have you read this? Ribbit Capital’s new Token Letter lays out the future of AI and the road ahead. Reminds me of the early days of mobile when everything was so opaque and, in hindsight, so obvious. Maybe the most formative synthesis of the AI shift we’re experiencing everyday.

Am I the only one that listens to London Calling when walking around London?

The next phase of crypto will be net positive for founders especially those building in areas that were once overlooked or in gray areas. This wave will attract more builders into the space and unlock new use cases. With more clarity, we’ll see more founders tackling hard

Stoked to attend the Signal summit and talk about Shelby! I always look forward to spending time with Logan Jastremski and folks at Frictionless. They are connected with current trends and have deep insights into long term vision for the industry. The Signal summit

2022: $327m 2023: $1.64bn 2024: $11.4bn 2025*: $36.9bn

Big congrats to Carlos Domingo and team at Securitize! Great to see them stick with it after the market was initially slow to develop and now crushing it.

1/ Every major capitalist financial system is built on credit, and yet it is fundamentally absent from the cryptoeconomy. We’re shipping general-purpose uncollateralized lines of credit on Ethereum. Mainnet launch details below.

The launch of Architect 's AX marks an important day in the history of financials markets, as the first global regulated perps exchange purpose-built for traditional assets: architect.exchange Alongside stablecoins, perps have established unequivocal product market fit

This started in 2024, VC funds solely focused on stablecoins/payments, growing group also focused on Crypto/TradFi intersection where stablecoins/pmts is a key piece, of course other crypto funds have also been super active here w/ Castle Island & Dragonfly top of mind as notable

Interesting never heard SoSoValue come up before (except w/ one of our GPs that is investor) but doing ~$25M revenue per DeFiLlama and $SOSO token trades at $775M FDV - maybe because they raised mostly from Chinese VCs like Hongshan (fka Sequoia China)

Yeah inherent in the idea of liquid venture is that some of the businesses won't pan out and go to zero (or close to it), actually watching this happen in liquid markets as token investors become more savvy is healthy and will incentivize better capital allocation in the future

Good and quick overview, thanks Haseeb ＞|＜ for sharing

nice job by the 1kx team on their Onchain Revenue Report - enjoyed this, worth a read 1kx.network/writing/2025-o…

What a game