
The Sovereign Protocol Hiding in Plain Sight
I’m a true believer in crypto as a tool for global self-sovereignty. After shutting down Laguna Games, I came to the realization that I only want to work with people who share this ethos. I’ve reached a point in life where most of my net worth lives behind seed phrases, not bank logins. I’m no longer interested in spending time with tourists. Too many people have flooded the space chasing easy money and hype. I’m here for something deeper. The true cypherpunk spirit survives in small pockets ...

Mining Intelligence
Since 2024 I’ve been circling Bittensor's ecosystem trying to form a thesis around it. What initially grabbed me was the idea that you could incentivize useful work. Since launch, Bitcoin bootstrapped the world’s largest supercomputer by paying people to brute force a math puzzle. The futurist in me loves the thought experiment that you could aim this same power at intelligence instead. Simple idea, but it turns out to be fucking complicated in practice. At a high level, Bittensor splits the ...

What's Next?
On January 22, 2025, I closed the book on an 8-year journey. Rebooted in 2020 from Beyond Games, Laguna Games set out to build mobile free-to-play games, landed a publishing deal with WB, turned down an acqui-hire offer, and ultimately pivoted into the wild west of crypto gaming with Crypto Unicorns. It became my greatest success—and, in the end, my greatest failure. At its peak, Crypto Unicorns sold $25M in digital assets, hit $100M TVL in The Dark Forest: Act One, and launched a token at a ...



The Sovereign Protocol Hiding in Plain Sight
I’m a true believer in crypto as a tool for global self-sovereignty. After shutting down Laguna Games, I came to the realization that I only want to work with people who share this ethos. I’ve reached a point in life where most of my net worth lives behind seed phrases, not bank logins. I’m no longer interested in spending time with tourists. Too many people have flooded the space chasing easy money and hype. I’m here for something deeper. The true cypherpunk spirit survives in small pockets ...

Mining Intelligence
Since 2024 I’ve been circling Bittensor's ecosystem trying to form a thesis around it. What initially grabbed me was the idea that you could incentivize useful work. Since launch, Bitcoin bootstrapped the world’s largest supercomputer by paying people to brute force a math puzzle. The futurist in me loves the thought experiment that you could aim this same power at intelligence instead. Simple idea, but it turns out to be fucking complicated in practice. At a high level, Bittensor splits the ...

What's Next?
On January 22, 2025, I closed the book on an 8-year journey. Rebooted in 2020 from Beyond Games, Laguna Games set out to build mobile free-to-play games, landed a publishing deal with WB, turned down an acqui-hire offer, and ultimately pivoted into the wild west of crypto gaming with Crypto Unicorns. It became my greatest success—and, in the end, my greatest failure. At its peak, Crypto Unicorns sold $25M in digital assets, hit $100M TVL in The Dark Forest: Act One, and launched a token at a ...
Share Dialog
Share Dialog

Subscribe to 0xCodexVC

Subscribe to 0xCodexVC
Crypto Unicorns launched on Polygon in October 2021, before Arbitrum and Optimism Mainnet were even live. At the time, if you wanted cheap onchain transactions, Ethereum wasn’t an option. L2s were a necessary evolution, reducing gas costs and enabling better UX. Then the VC-driven infra boom hit, and suddenly every chain had a war chest, a pitch deck, and zero users.
We have had too much blockspace, not enough blockspace consumers for years now. Builders don’t care about theoretical TPS or whatever new consensus buzzword just dropped. They care about users and liquidity. Instead of making access easier, the industry has created a mess of bridges, silos, and unnecessary complexity.
The reality? L2s are parasitic and largely unnecessary. The future isn’t fragmented ecosystems fighting over adoption. It is dapps launching as their own rollups, inheriting security from Ethereum. Instead of competing for a slice of liquidity, native rollups will plug into shared sequencing, zk interop, and ETH-native security, making chain choice almost invisible to users.
DeFi, games, marketplaces (everything from the next EA to an Etsy store) will eventually run on appchains. Some will be massive ecosystems, others hobbyist sites. Most infra tokens will be worthless. Liquidity black holes like ETH will dominate, and network effects will dictate the winners.
Maybe one or two L2s build a strong enough network effect to survive this transition, but it’s hard to see how their competitive edge is maintained once interop, shared sequencing, and native rollups become the standard. Feels like we will see this play out over the next 12-18 months. We are experimenting, watching closely, and keeping an open mind as the landscape evolves.
Crypto Unicorns launched on Polygon in October 2021, before Arbitrum and Optimism Mainnet were even live. At the time, if you wanted cheap onchain transactions, Ethereum wasn’t an option. L2s were a necessary evolution, reducing gas costs and enabling better UX. Then the VC-driven infra boom hit, and suddenly every chain had a war chest, a pitch deck, and zero users.
We have had too much blockspace, not enough blockspace consumers for years now. Builders don’t care about theoretical TPS or whatever new consensus buzzword just dropped. They care about users and liquidity. Instead of making access easier, the industry has created a mess of bridges, silos, and unnecessary complexity.
The reality? L2s are parasitic and largely unnecessary. The future isn’t fragmented ecosystems fighting over adoption. It is dapps launching as their own rollups, inheriting security from Ethereum. Instead of competing for a slice of liquidity, native rollups will plug into shared sequencing, zk interop, and ETH-native security, making chain choice almost invisible to users.
DeFi, games, marketplaces (everything from the next EA to an Etsy store) will eventually run on appchains. Some will be massive ecosystems, others hobbyist sites. Most infra tokens will be worthless. Liquidity black holes like ETH will dominate, and network effects will dictate the winners.
Maybe one or two L2s build a strong enough network effect to survive this transition, but it’s hard to see how their competitive edge is maintained once interop, shared sequencing, and native rollups become the standard. Feels like we will see this play out over the next 12-18 months. We are experimenting, watching closely, and keeping an open mind as the landscape evolves.
<100 subscribers
<100 subscribers
No activity yet