2026 · Fund II thesis · Live now
AI, Atoms & Association
Jamie Burke · OV Research · Thesis v1.1, 2026
Our vision for the next decade. AI moves from software into the physical world of manufacturing and biology, and becomes increasingly autonomous, which demands new forms of coordination. When AI collapses the cost of designing and making physical things, verification becomes the scarce and investable layer.
Key points · 5
- 01AI: models that design molecules, materials and machines
- 02Atoms: energy, labs and fabrication that ship
- 03Association: trust, provenance and verification for agents
- 04Verification as the scarce layer when making physical things gets cheap
- 05Deep tech deploys fastest where incumbents are absent
2024–2025 · Thesis in 3 chapters · Post Web era
The Post Web
Jamie Burke · Jasper De Maere · with Greysen Cacciatore · Nov 2024 – Nov 2025
The web as a place people browse is disappearing. Agents act on our intent, and value moves from attention to intention. The Post Web extended the read, write, own arc of the internet with a fourth step, delegate, and mapped the technology stack that makes it work.
Key points · 4
- 01Read, write, own, and now delegate
- 02Agents first: intent in, surface out
- 03The verifiability premium and the intention economy
- 04Zero to many: systems, not single startups
2021 · Thesis · Open Metaverse era
The Open Metaverse OS
Jamie Burke · Lawrence Lundy · Published January 2021
Written as the metaverse became a mainstream idea, this thesis argued it was already being built and that its design choices were being made now. It set out an open operating system of decentralised protocols, with DeFi and NFTs as foundations, so no single company could own the next internet.
Key points · 4
- 01User sovereignty over identity, data and wealth
- 02An open, shared operating system built on permissionless protocols
- 03DeFi and NFTs extending into virtual worlds, gaming and creator economies
- 04A framework for assessing metaverses and designing open alternatives
2018 · Report · Convergence era
The Convergence Ecosystem
Jamie Burke · Lawrence Lundy · Published March 2018
The convergence idea turned into a working map. IoT devices produce data, blockchains distribute it, AI consumes it, and crypto-tokens coordinate the people, machines and agents in between. The report organised the stack into four layers we used to find and fund companies.
Key points · 4
- 01Four layers: governance, production, distribution and consumption of data
- 02Tokens as the coordination and incentive mechanism of the ecosystem
- 03Values and trust, not code, as the lasting point of difference between open protocols
- 04A future of many protocols rather than one dominant chain
2016 · Whitepaper · Convergence era
Blockchain-Enabled Convergence: Understanding the Web 3.0 Economy
Jamie Burke · Lawrence Lundy · Published 30 November 2016
Our founding paper. It argued that blockchains would be the trust layer allowing AI, the Internet of Things, robotics, immersive tech and 3D printing to combine, and that this convergence would produce a web of ownership rather than a web of platforms.
Key points · 4
- 01Blockchain as the enabling trend that lets other technologies scale securely together
- 02Web 3.0 framed as the trust web, or internet of ownership
- 03Machine-to-machine economies across manufacturing, logistics and trade
- 04Peer-to-peer exchange between people, machines and autonomous organisations