Here's the latest updates on our internal thinking:

📦 Company Highlights

– Zora is moving. We’re up from our avg entry of $0.009. Our thesis was published here. Catalyzed by the base app.
– [REDACTED] and [REDACTED] officially funded. From vibecoding infra to a health viral spectacle, we’re leaning into weird with a thesis
– Daisy hit $XK in Q2 revenue and launched a self-serve brand dashboard, already 15+ brands onboarded with this channel.
– Discove’s ECP is now live on https://ethcomments.xyz, interface already integrated, and working to onboard builders
– [REDACTED] memo finalized. Still pending reference intros to leads and customers before vote
– [REDACTED] is the Palantir for web3 marketing. Interesting founder background, and great market
– [REDACTED] has 3,000 users, 50% retention, and just opened a liquidity seeding event for their tokens
– [REDACTED] back in market: $3M rev, $800K net income in 2024, raising $2.5M on a $20M cap, rare to see a company profitable in crypto.

Trend to Watch

Coinbase goes full consumer

The new Base App fuses wallet, social, trading, and USDC payments into a sleek L2-native experience, powered by Farcaster, Zora, Embed, and other of our portfolio companies. Driving the growth of the $ZORA token.

It’s already cracked the top 100 on the App Store. The next billion users won’t care about rollups. They’ll care about UX. Base just took a giant step toward being the consumer wallet.

🔗 Reads

– Messari’s stablecoin trends report
– John Wang's HYPE ICO analysis