Hi all - welcome to the first issue of Morning Mist. This issue will be public facing, but make sure to subscribe to receive the private only issues as well. *This issue is a crosspost from Morning Mist. Subscribe This first issue comes in timely, as we’re doing our yearly portfolio review at Social Graph Ventures. It’s been ~2 years since we started investing, and a bit more than a year since I started doing it full time. We’re a bit more than halfway deployed, and there’s a lot of learnings...

This week we’re highlighting Farcaster’s Clanker acquisition, Pandemic Labs’ explosive Season 2 launch, and Blueprint’s expansion of the creator Loyalty Coin economy. SubscribeClanker Acquisition and Farcaster Dev DayThe headline from Farcaster Dev Day was the acquisition of Clanker, which has generated significant excitement as a key catalyst for advancing the app coin meta on Farcaster. This strategic move boosts Farcaster’s efforts to integrate economic incentives tightly with social ident...

SubscribeKey Takeaways$25M NFT Burn - Brian Armstrong bought and burned a $25M NFT to relaunch Up Only TV.Monad Airdrop Fallout - Monad’s airdrop sparked backlash over allocation fairness.Coinbase x Echo - Coinbase acquired Echo for $375M, its largest aquisition since 2021.Market Pulse - Q3 fundraising rose 47% to $8.2B, OpenSea announced $SEA token for 2026, and TRON hit record $1.2B quarterly revenue.$25M NFT Sale?Brian Armstrong bought an NFT for $25 million and burned it to revive Up Only...

by: Lawson Bae, investor of Social Graph Ventures Subscribe At Social Graph Ventures, we view founders like professional athletes. Each founder has a process and knows how to iterate to success — getting in their training reps. They know how to sprint and pick themselves off the ground. And, they are winners from a young age. Our new founder profile series gives you a behind the scenes look on how they do it. Meeting Nick Confrey on our video call, I was greeted with his boyish grin and two c...

Key TakeawaysInstitutional DeFi acceleration: Morpho Vaults V2 surpassed $12B TVL, powering Coinbase’s 10.8% USDC lending, signaling growing institutional adoption of on-chain yield infrastructure.Prediction markets update: ICE committed $2B to Polymarket and Kalshi raised $300M at a $5B valuation.Cultural close for NFTs: Larva Labs’ Quine auction capped its Art Blocks era, with 477 pieces selling for up to 9.45 ETH ($38.7K).Stablecoin boom and experimentation: Global stablecoin supply jumped...

Stablecoins have been crypto’s dominant narrative, powering DeFi, giving currencies a 24/7 programmable life, and bridging onchain and offchain economies. As stablecoins mature into infrastructure, a new meta is quickly emerging: asset tokenization. Tokenization is racing to the center of global finance, promising to make every stock, bond, fund, and collectible tradable onchain. The vision is simple; fractionalized, liquid assets programmable for any use case. Analysts project that tokenized...