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Blog iconvery early Ventures
Jun 18

Stablecoins: Crypto’s First Killer App

This piece benefited immensely from the feedback offered by Align Labs and Grateful. The U.S. Treasury now forecasts that the stablecoin market could grow to $2 trillion by 2028, assuming legislative clarity and increased adoption across payments, reserves, and settlement use cases. Stablecoins are providing a critical lifeline in regions with limited financial access by enabling reliable, digital access to the U.S. dollar. Indeed, a recent report from Castle Island Ventures found that among ...

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Stablecoins: Crypto’s First Killer App

Introducing very early Ventures

Introducing very early Ventures

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Should you launch a token?

Points: A Mechanism Design Guide

Points: A Mechanism Design Guide

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Beta on ETH or Better than ETH?

Mapping Web3 Social

Mapping Web3 Social

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Blog iconvery early Ventures
Feb 6
Should you launch a token?
What are tokens used for?How can a decentralized protocol accrue value and pay its participants? Blockchain-based native tokens are the answer to this question. Native tokens of crypto protocols can be categorized into two main clusters of use-cases:Incentivization & DistributionCapital formationThis article will elaborate on these use-cases to equip readers to determine whether a specific protocol or product should launch a token or not. Note that we are considering native tokens and excludi...
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Blog iconvery early Ventures
Aug 27
Beta on ETH or Better than ETH?
The tl;drThis post explores daily price performance of public Web3 tokens compared to Ethereum (ETH). We estimate and analyze the Alpha and Beta of around 150 assets over four years, leading to some key insights:Most tokens have negative Alpha.This isn't necessarily bad. In high-funding environments, trading into high Beta assets with negative Alpha can be cost-effective.However, most of these assets also have a Beta lower than 1.57% have a Beta lower than 1.Only 30% of assets have posit...
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Blog iconvery early Ventures
Jun 7
How to airdrop in 2024
In 2023 and 2024, airdrop hunting has become a popular activity among crypto enthusiasts. Social media is abuzz with influencers promoting new opportunities. Automated bots and even dedicated funds for airdrop farming have emerged. Recent large airdrops like Starknet and Eigenlayer have sparked controversy over their distribution choices among disgruntled users. This article aims to provide a balanced overview of airdrops in 2024, helping founders decide if an airdrop is right for them and ho...
Points: A Mechanism Design Guide
Blog iconvery early Ventures
Feb 8
Points programs are the new meta in crypto. Points were pioneered by the NFT marketplace Blur and used by major projects from Friend.tech to Eigenlayer. In a nutshell, points are loyalty scores designed to encourage usage, usually stored off-chain. Points are non-transferrable and are issued entirely at the discretion of the project. On a first glance, they seem similar to traditional loyalty schemes from airline miles to retailer loyalty points. “What is the big deal about points, then?”, so...
Mapping Web3 Social
Blog iconvery early Ventures
Dec 1
Web3 Social has the potential to radically expand crypto/Web3’s user base and application space, while fixing some of the major problems with current social media. With the recent transition from Twitter to X, change seems to be in the air. X is opting for sharing ad revenues with creators and has released its open-source protocol, AT Protocol (the first app being BlueSky). Creator and community tokens have recently returned with Friend.tech. This seems like a great moment to have another loo...
On the utility of LST native tokens
Blog iconvery early Ventures
Aug 11
Liquid staking protocols have emerged as a transformative force in DeFi and Web3 at large, unlocking liquidity for Proof-of-Stake (PoS) tokens used to secure blockchains, such as Ethereum. By depositing PoS tokens into a staking contract through a protocol, users receive Liquid Staking Tokens (LSTs), which represent a claim on the staked and otherwise usually locked tokens. These original tokens can be withdrawn by burning an equivalent amount of LSTs, and the primary advantage of LSTs lies i...
Introducing very early Ventures
Blog iconvery early Ventures
Jun 6
Hello world. Meet very early Ventures. In this post, we want to introduce you to our fund, its guiding principles, and our vision for the future of blockchain technology and the Web3 space.We are crypto-native builders rooted in EuropeAll of our partners have been in crypto since 2015-2016. Our team brings the technical expertise required to understand the complexity and keep up with the speed of Web3. Two of our 3 partners have technical PhDs in relevant fields, and all of us understand the ...