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An investment memo articulates the value proposition of the 3DOS network.
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This thesis argues that real world networks and infrastructure can be built using crypto economic incentives.
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This article discusses that scalability is now a prerequisite to adoption, and why composability is the next obstacle.
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Liquidity mining, known as yield farming, is a crucial component to enable innovation in the DeFi ecosystem. This is how emerging protocols have bootstrapped their user base, incentivizing early investors with unsustainably high APY earnings and token emissions. These early investors and their capital are inherently mercenary; they have no loyalty to any project. They...
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One component of our general fund thesis is that innovation will move up and down the Web3 technology stack. The smart contract space is generally crowded, and operating systems tend to form into oligopolies due to the economies of scale involved in developer libraries, documentation, etc. That being said, the L1 token valuation framework is...
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This Prospectus gives an overview of the Investment Program.
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This letter intends to convey our “base case” in regards to monetary policy enacted by the Federal Reserve, and how that relates to the crypto markets in the short and medium term. As many of you are aware, the crypto markets have recently shown a high correlation to the broader macro markets. Markets go down,...
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Investors, Given the state of the market, we would like to provide you some insight into one of our positions. As you know, we hold larger allocations of “large caps” like ETH and a basket of other foundational Web3 infrastructure coins, but the real alpha will come from our mid cap positions (DAG) and a “sample”...
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  The global equities market is approximately $122 Trillion –  The crypto market cap touched $3 Trillion USD briefly before cooling off to around $2.2T throughout November and into 2022. The long-standing thesis of protocol value accrual is still intact, and we do expect the liquid crypto market caps to continue to gain value relative...
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The $HNT token and the Helium network itself have seen tremendous growth in 2021. This is predominantly due to the superior economic incentive model delivered to miners and businesses via the network. The below picture is a snapshot of the Helium network’s coverage as of Oct.1 , 2021. As long as the helium economic feedback...
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