Why we invested in Agoric
We are excited to announce our investment into Agoric to support the team to bring security, usability, and interoperability to smart contracts. In the global economy, establishing trust costs up to 35 percent of GDP. Smart contracts are key to changing the way trust is established in the economy.
Introducing The Convergence Alliance
Last week (13 March) we announced our evolved investment thesis: The Convergence Stack. This frames both our investments and their relationship with one another as well as the wider ‘crypto’ industry in an OSI-inspired model from hardware at the bottom to the application layer at the top that combines DLT with IoT, Big Data & AI.
Crossing the Crypto Chasm & Diffusion of Innovation
One of the big downsides of the Crypto Winter is that ‘falling tides lower all ships’. Many promising projects are experiencing difficulties, while at the same time, the advisors and support networks they rely on are rapidly disappearing, and at a moment when they and the industry as a whole need them the most to ‘cross the chasm’.