Proof of PortCo https://paragraph.com/@MHVentures Proof of Portco is MH Ventures’ monthly pulse check on the builders we back. Each issue serves as onchain style “proof” of real progress: rapid-fire founder Q&A, milestone highlights, key asks, and the latest episodes from our Dealflow Podcast. Proof of Portco keeps investors, founders, and friends in the loop, showing exactly how our portfolio is compounding momentum, one verifiable update at a time. Fri, 13 Nov 2026 14:15:02 GMT https://validator.w3.org/feed/docs/rss2.html https://github.com/jpmonette/feed en Proof of PortCo https://img.paragraph.com/cdn-cgi/image/format=auto/https://storage.googleapis.com/papyrus_images/913f8a11653ee81136bb5505f424b6f2.jpg https://paragraph.com/@MHVentures All rights reserved <![CDATA[Proof of Portco ]]> https://paragraph.com/@MHVentures/proof-of-portco-8 T72Uc0w6yqH5rWwa576f Wed, 05 Aug 2026 02:43:37 GMT Since our June edition, the market did something it has not done in a while. It went up while everything else came apart.

June was the month AI and crypto finally fell together, and the complaint at the time was that there was nowhere left to hide. July inverted it. Bitcoin opened near $60,000, having printed a 21-month low in the last week of June, and closed the month at around $64,800, up roughly 7.5%. Ether did better, at about 20%. Over the same four weeks, chip stocks fell twenty-two percent, and the Nasdaq 100 gave up nine percent. Bitcoin and Ether were the two best-performing major assets of the month.

The damage was all in the AI trade. The Philadelphia Semiconductor Index had run 130 percent over twelve months, and July was the bill. More than a trillion dollars came off the chip complex. Nvidia lost $238 billion in a handful of sessions, Intel fell 21 percent over seven trading days, Micron dropped 13 percent in one. This was not weak demand. It was a repricing, and the spark was Moonshot's release of an open-weight model that performs at the level of the closed frontier labs.

That is the whole thesis in a single event. The most expensive trade in the market cracked because somebody gave the model away. Open beat closed on cost, and the market repriced within days. It is the bet a good part of this book has been making for two years, in Sentient, in Nesa, in 0G, in Ritual. Open and verifiable wins on economics, not on ideology.

The Fed neither helped nor hurt much. Kevin Warsh's second meeting saw rates held at 3.50 to 3.75 percent on a nine-to-three vote, and all three dissenters wanted a hike rather than a cut. He has taken forward guidance out of the statement and called inflation a choice. Equities hated it, with the Dow down 1,100 points on Wednesday, its worst day in over a year. Crypto shrugged and held its gain.

Venture stayed open. Roughly $1.2 billion went into the sector across about 25 rounds, with the capital concentrated in exchanges, prediction markets, and AI-adjacent projects.

For once the tape rewarded the people who kept building. Here is what ours built.

DoubleZero - $21.7 billion connected & most on the Solana wire

On 3 July, DoubleZero published its Q2 network update, and it is the clearest set of adoption numbers anyone in the portfolio put out this month.

Total Connected Value reached $21.7 billion, up 20.6 percent on Q1. The network now carries 59 percent of Solana's mainnet stake weight, a 12.8 percentage-point jump in a single quarter, across 462 connected validators. Aggregate capacity rose to 10.14 Tbps from 9.52. Of those validators, 434 are publishing shreds to DoubleZero Edge, the real-time data feed, which has served 447 distinct subscribers since it launched in April.

What makes this matter is that DoubleZero sells a physical thing, dedicated fibre for blockchain traffic, into a market that mostly sells software. Validators do not move onto a private network for the narrative. They move because the latency is better and it costs them money not to. Nearly six in ten of Solana's stake weight making that call in eighteen months is an adoption curve, not a campaign.

Morph - a second chain, built only for trading

On 21 July, Morph launched Morph Tachyon, an independent Layer 1 built for one job: onchain markets. It runs alongside the existing Ethereum L2, which keeps payments, stablecoins and open finance. Morph is now a two-chain ecosystem with a clear division of labour.

Tachyon targets 200-millisecond block times, throughput of up to 200,000 transactions per second, instant finality, and gas-free trading. Those are the specifications you need before a market maker will quote onchain the way they quote anywhere else. The first partner is PopDEX, a perpetuals exchange built for traders rather than yield farmers, and Morph has said that more ecosystem partners are to follow.

What makes it matter is the admission underneath it. A general-purpose chain that is good at everything is not good enough at trading, and Morph chose to build a second chain rather than pretend otherwise. That is an unusually honest piece of engineering, and it is the same conclusion the rest of the market is arriving at more slowly.


peaq - machines start earning, and a foundry to build more of them

On 29 July, peaqOS Monetize went live. A machine flips a single opt-in switch to declare what it has spare, whether that is compute, storage, bandwidth, connectivity or data. The peaqOS CLI provisions it as a provider node, aggregators query the registry and propose terms, and payment settles onchain into the machine's own wallet rather than through an invoice and a thirty-day wait. It is the fifth peaqOS function, after Activate, Qualify, Scale and Stream, with Verify and Tokenize still to come. Physical services, drone deliveries and robotic actuation, are the stated next step.

Running alongside it is machine.fun, a foundry for hardware, robotics and physical AI founders built by peaq with CodecFlow. The core of the programme is five days on the ground in Shenzhen and Dongguan, on factory floors with the suppliers who actually build this hardware. Teams come out with direct supplier relationships, a pilot-build plan, design-for-manufacturing feedback and a route to their first units. It takes no equity. When a team is ready, it can tokenize its machines through the same stack.

What matters is that the two halves fit together. Monetize gives a deployed machine a way to earn. machine.fun feeds it more deployed machines. Most projects in this category have built one side and are waiting on the other. Worth keeping the claim honest, though: Monetize being live proves the plumbing works, not that buyers are paying for it yet. The number that will settle it is machine revenue actually settled onchain, and that is not published.

Portfolio Roundup

  • Vana acquired the Memory Protocol team on 8 July and shipped Personal Server and Memory upgrades to the Vana App. It closed the month launching the Vana Cup on 28 July.

  • Theo allocated $20 million to Fidelity International's tokenized money market fund via Sygnum and Chainlink, marking the first crypto-native platform to do so. It also launched thUSD after filling a $100 million Genesis Vault facility inside 24 hours

  • Pharos Network brought Harbor live on 16 July, a compliance-ready RealFi aggregator that lets users compare real-yield asset classes on transparent APY and TVL. Staked assets moved into mainnet through 20 July at a gross 14 percent APY.

  • Quai Network launched Quainance on 10 July, a single home for DeFi on Quai, then spent the rest of the month positioning: a content partnership with Disruption Banking on 15 July and a piece on 22 July outlining how its dual-token design maps onto the proposed CLARITY Act.

  • GenLayer led a 27-company consortium to launch Internet Court, a protocol for resolving disputes between autonomous AI agents, roughly two weeks after the American Arbitration Association released a competing standard. Its network was running about 350,000 transactions a day at launch.

  • Panoptic launched its Vault Suite on 1 July, turning options strategies into automated market-neutral vaults you can deposit into and leave alone. It follows Panoptic V2 by two days.

  • N1 acquired 01Exchange, taking the full trading stack in-house with key 01 team members joining and 01 points recognised on N1. On 8 July it also shipped Atomics, which bundles up to ten coordinated place and cancel actions into one transaction with risk checks after each step.

Dealflow Podcast

Dealflow Podcast tells the stories of the builders and investors shaping Web3 and AI, and how they turn bold ideas into real products.

"We don’t care about your resume. We don’t care about your background. All we care about is that you can bring unique insights into the investment committee.”
- Spencer Applebaum, GP of Multicoin Capital.

“You can speed-run all of the six months it would have taken to get your first pieces of user feedback. You can now get that over the course of a weekend.”
- Shayon Sengupta, GP of Multicoin Capital

More Episodes here:

Follow on Apple: https://podcasts.apple.com/me/podcast/dealflow/id1859528286
Follow on Spotify: https://open.spotify.com/show/14bQxsIGlDeBZLVfaBsr5r
Subscribe on YouTube: https://www.youtube.com/@DealFlowPodcast

MH Ventures is an early-stage firm backing frontier Web3 technologies, digital assets, and the builders of the decentralized economy. Through Fund I, we partnered with founders redefining infrastructure, DeFi, and digital coordination. As we prepare to launch Fund II, our focus is unchanged: conviction, utility, and long-term value.

Partnering, building, or want to talk?
Send us a message: https://x.com/mhventures

Subscribe for next month's issue.


]]> mhventures@newsletter.paragraph.com (Keira Nesdale) investment bitcoin cryptocurrency web3 blockchain founder startup investor builder <![CDATA[Proof of Portco ]]> https://paragraph.com/@MHVentures/proof-of-portco-007 S5DvHChH99jHeDa26VSt Tue, 07 Jul 2026 00:47:06 GMT

Since our May edition, sentiment has turned hard. May was uneasy. June was a proper risk-off month, and for once, the story was almost entirely macro, not crypto.

At its center was the Fed. Kevin Warsh ran his first meeting as Chair on June 17 and used it to reset expectations. Rates held at 3.50 to 3.75 percent, but the projections did the talking. The committee's median now points to a rate hike by year-end rather than the cuts the market had been counting on, and the Fed lifted its own inflation forecast at the same time. With headline inflation still running above 4 percent, the "cuts are coming" trade that had carried risk assets since spring was taken off the table in a single afternoon.

The rest of the world did not help. Trade and tariff policy stayed unsettled and hard to price, and the one clear positive, the de-escalation of the Iran conflict and oil sliding back down, was not enough to offset a hawkish central bank. Capital that had been willing to take risks spent June looking for the exit.

Here is the part that matters for anyone in our corner of the market. This time, AI and crypto fell together. For months, money rotating out of crypto had found a home in AI stocks. In late June, that trade cracked. Chip names sold off sharply, the "AI bubble" headline went mainstream, and the moment AI itself wobbled, there was nowhere left to hide. Bitcoin broke below $60,000 for the first time since 2024 and ended the month near $58,500, with record outflows from the ETFs and a stalled market-structure bill in Washington adding to the mood.

We have seen this movie. Sentiment overshoots in both directions, and the best entry points rarely feel good at the time. When the link between AI and crypto is this tight on the way down, it tends to be just as tight on the way back up, and the teams that keep building real infrastructure through a drawdown are usually the ones that come out owning the next cycle.

Nesa token goes public

On June 24, Nesa's NES token opened to public trading. Binance Alpha featured it, with same-day spot listings on Bitget, KuCoin and DigiFinex, and XT.COM following on June 28. Nesa is a Layer 1 blockchain built for one job, running AI models privately and provably.

Most AI today runs on servers you have to trust. You send your data in, you get an answer back, and you have no way to check what happened in between. Nesa runs the model across a decentralized network and uses two techniques, trusted execution environments and zero-knowledge machine learning, to prove the answer is real without exposing the data behind it. The mainnet went live on May 9, and NES is the token that pays for queries, secures the network, and rewards the nodes doing the work.

What makes this matter is timing. Every company now wants to use AI, and most of them hold data they cannot safely hand over to someone else's server. A network that can run inference privately and prove it is exactly the missing piece. The listing gave Nesa its first real price discovery and a wide base of holders on day one. One thing to keep an eye on: the fully diluted valuation sat near $215 million against a much smaller circulating market cap, so there is unlock supply ahead, but the product is live and the thesis is clean.

XION becomes Verona, and bets the brand on AI

On June 17, XION, the consumer chain built by Burnt Labs, rebranded as Verona and changed what it aims to be. The old pitch was making crypto invisible to everyday users. The new one is narrower and more current, becoming the verification and intelligence layer for AI agents.

In plain terms, Verona wants to be the place an AI agent goes to get information it can trust. Portable, cryptographically verified, privacy-preserving data an agent can reuse across apps without re-checking it every time. The rebrand came with real weight behind it, not just a new logo. Flagship app EarnOS announced an $18.5 million raise, a new consumer product called ero launched on the platform, and the team put a $30 million brand budget behind the push. Existing XION tokens convert one-for-one to VERONA.

Why it is worth featuring: this is a clear read on where a serious team thinks the next market is. A group with roughly $36 million raised to date and backers like Animoca, Multicoin and HashKey does not repoint its entire brand on a whim. Whether "verified data for agents" becomes a category or a footnote, Verona is now one of the cleanest pure-play bets on it in our book. Rebrands carry risk, and the market's first reaction was cautious, but shipping a raise and a product alongside the announcement gives this more substance than most name changes.


RISEx, the onchain perps engine hits its stride

RISEx, the fully onchain perpetuals exchange built on RISE Chain, spent June scaling. By June 12 it was running 13 perp markets doing around $44 million in daily volume, and it has now passed $500 million in cumulative volume since its invite-only mainnet opened this spring. To push that further, it launched a two-week trading competition, "The Final Call," on June 30.

A perps exchange lets people trade leveraged futures, the product that drives most of crypto's trading volume, except here the entire order book lives onchain rather than on a company's private servers. RISEx runs it with sub-three-millisecond execution and gas-sponsored trades, so it feels like a normal exchange while settling transparently. The engine comes from the BSX Labs team RISE acquired, a group that has run more than $15 billion in order-book volume, backed by Blockchain Capital and Coinbase Ventures.

The reason to watch it is what has not happened yet. RISEx has a live product, real and growing volume, and a credible team, but no token. Onchain perps are one of the most competitive categories in crypto right now, and the projects that build real usage before a token are the ones worth tracking. The competition is a straightforward way to prove the volume flywheel works. If it does, the token event still ahead is the obvious next chapter.

Portfolio Roundup

  • peaq listed on Upbit on June 19, opening PEAQ/BTC and PEAQ/USDT spot markets and fresh Korean liquidity.

  • IO.net marked its third anniversary on June 11 by launching its Incentive Dynamic Engine and running its first ever $IO token burn, alongside a record 4 billion daily AI inference tokens and its largest enterprise contract to date at around $8 million.

  • Sentient launched a $42 million grant and investment program for open-source AGI on June 24, with partners including Alibaba Cloud, Franklin Templeton, Princeton and IISc.

  • Anoma released AnomaPay V1 to the public on June 2, bringing private multichain payments to Ethereum with roughly 15-second confidential transfers.

  • Pharos opened PROS/USDT trading on HTX on June 22, then launched its Incubation Program on June 29 with RWA project Faroo as its first pick at a $10 million valuation.

  • Lava Network signed its first real-world-asset mandate on June 10, a tokenization sandbox agreement with BHL Group for a planned 40,000-unit Caribbean residential development.

  • 0G Labs brought GLM-5.2, one of the largest open coding models, live on its 0G Private Computer for private, verifiable inference on June 18.

Dealflow Podcast

Dealflow Podcast tells the stories of the builders and investors shaping Web3 and AI, and how they turn bold ideas into real products.

"If something is already hot in crypto, an early-stage investor is probably too late." - Brad Holden, PL Ventures.

More Episodes here:

Follow on Spotify: https://open.spotify.com/show/14bQxsIGlDeBZLVfaBsr5r
Subscribe on YouTube: https://www.youtube.com/@DealFlowPodcast

MH Ventures is an early-stage firm backing frontier Web3 technologies, digital assets, and the builders of the decentralized economy. Through Fund I, we partnered with founders redefining infrastructure, DeFi, and digital coordination. As we prepare to launch Fund II, our focus is unchanged: conviction, utility, and long-term value.

Partnering, building, or want to talk? Reach the team.
Subscribe for next month's issue.


]]> mhventures@newsletter.paragraph.com (Keira Nesdale) investment bitcoin cryptocurrency web3 blockchain founder startup investor builder <![CDATA[Proof of Portco ]]> https://paragraph.com/@MHVentures/proof-of-portco-6 essGdAPYdjXlzd9LCdq5 Tue, 19 May 2026 02:07:38 GMT Highlights

Since our April edition of Proof of Portco, digital asset markets have continued to mature against an increasingly complex global backdrop. What once felt like a purely speculative sector is now being shaped by forces far larger than crypto itself, including monetary policy, geopolitical realignment, artificial intelligence infrastructure, and the race for technological sovereignty.

Institutional participation has continued to deepen throughout the market cycle. ETF flows remain an important source of liquidity and price discovery, while sovereign entities, asset managers, and traditional financial institutions are accelerating their digital asset strategies. Regulatory clarity has also advanced incrementally across multiple jurisdictions, creating a more stable framework for long-term capital formation and enterprise adoption.

At the same time, geopolitical tensions are beginning to reshape how governments and corporations think about blockchain infrastructure and AI systems. Questions surrounding data ownership, compute access, censorship resistance, settlement rails, and digital identity are no longer theoretical. They are becoming strategic priorities. Blockchain and AI are increasingly converging into foundational technologies that will influence capital markets, global trade, and information systems over the next decade.

Funding activity over the past several months reflects this shift. Capital continues flowing toward infrastructure, stablecoin ecosystems, AI-enabled crypto applications, real-world asset platforms, and tooling that supports scalable on-chain coordination. Larger rounds are increasingly concentrating on teams building long-term infrastructure rather than short-cycle narratives.

Market sentiment today feels more disciplined than euphoric. Builders are operating leaner. Investors are underwriting fundamentals more carefully. Users are demanding real utility. In many ways, this environment resembles a transition from experimentation toward implementation.

For us at MH Ventures, this reinforces a belief we have held since Fund I: enduring companies are built during periods where conviction matters more than momentum. The founders featured throughout this issue continue to execute with that mindset, focusing on utility, adoption, and long-term ecosystem value creation.

As always, Proof of Portco provides a transparent view into that progress.


Gensyn AI

In the fast-growing world of artificial intelligence, Gensyn AI stands out as the team building the backbone for smarter machines. Gensyn is creating a decentralized global network of computers that lets anyone contribute or tap into powerful computing resources for AI work.

Delphi works like a fair, transparent stock exchange for real-world predictions and insights. You (or an AI) can create a market around any topic, crypto prices, sports results, geopolitical events, or even how well different AI models perform on tests, then others buy and sell positions based on what they believe will happen. Outcomes are settled automatically by verifiable AI oracles, so there’s no single company or judge in control, and creators keep most of the revenue.

What makes it special is the built-in SDK and Agentic Trading Toolkit: AI agents can jump in, analyze data, manage portfolios, or even trade using simple natural-language instructions, opening the door to fully automated “agentic” trading right from day one.

Reppo

In the fast-growing world of artificial intelligence, Reppo stands out as the team solving one of AI’s biggest bottlenecks: high-quality training data. Reppo is creating decentralized prediction markets called Datanets that let anyone or any AI agent contribute reliable human judgment data without relying on centralized labeling companies.

Datanets work like a fair, transparent stock exchange for specialized insights and evaluations. You (or an AI) can spin up a market around topics like robotics preferences, image analysis, or agent behavior, then others stake real money on what they believe is correct. Outcomes are determined by market consensus with skin in the game, and creators keep most of the revenue while the protocol rewards honest participation.

What makes it special is the built-in economic alignment and agent-friendly design: AI agents can jump in directly to evaluate data or trade positions. With a $20 million capital commitment from Bolts Capital and a Kraken listing on April 23, Reppo turns real disagreement into verifiable, high-value datasets that will power the next generation of smarter AI.


Space & Time

In the fast-growing world of decentralized finance, Space and Time stands out as the team building the trust infrastructure that institutions actually need. Space and Time is creating Virtual Vaults that let big banks, prime brokers, and asset managers lend on-chain with the same confidence they have in traditional finance, without borrowers ever giving up custody of their assets.

Virtual Vaults work like custom, secure lending agreements on a decentralized data blockchain. Lenders (or protocols) can spin up a vault tailored to their specific deal: eligible collateral, margin rules, monitored venues, and reporting cadence. They then get continuous cryptographic proofs of the borrower’s full position across exchanges, DeFi protocols, OTC desks, and more, so there’s no longer any need to rely on self-reported summaries or periodic snapshots.

What makes it special is the institutional-grade verification layer: real-time, independently auditable visibility that closes the information gap between TradFi and crypto. Borrowers retain full control and unlock better terms, while protocols can plug into the same standard across scaled markets. Launched on May 5, Space and Time is finally opening the door to billions in institutional capital flowing on-chain.


Portfolio Highlight Q & A 

Keira sat down with David, Investment and Partnership Director at Animoca Brands, on the Dealflow Podcast. Below is a short Q&A snippet from that conversation.

  1. Who are you, and what’s the story behind your project?

    I'm David, Investment and Partnership Director at Animoca Brands, where we've grown from a 2014 mobile gaming studio into a Web3 ecosystem with over 600 portfolio companies and strategic assets. Think of us as the Web3 version of SoftBank, we build, invest in, and accelerate the technologies reimagining future economies.

  1. What problem in crypto frustrates you the most, and how are you fixing it?

    The biggest frustration is that businesses still see Web3 as separate from the real economy, when the tech is ready to add value to anyone already operating online. We're fixing it through infrastructure like our Hong Kong stablecoin initiatives, the Mocha network for onchain identity, and our ecosystem that turns tokenization from theory into something businesses can actually adopt.

  2. If I only hold BTC or ETH, why should I even care about what you’re building?

    Because we sit at the convergence of traditional finance, AI, and blockchain, giving you exposure to the next layer of value built on top of the base assets you already hold. With our pending reverse merger with Currenc, we're also opening this whole ecosystem to traditional investors through the public equity markets.

  3. What makes your approach different from all the noise in crypto right now?

    We've been builders ourselves for over a decade, so we don't just write checks, we plug founders into 600 portfolio companies, traditional finance partners, and infrastructure like our stablecoin platform Nuva. We also back teams focused on real revenue and product-market fit, not just chasing the latest meta.

  4. What’s next… what should I be watching for in the next 6 months?

    The Currenc reverse merger, expanding stablecoin infrastructure through Nuva, and continued growth of the Mocha network for onchain identity as AI agents start transacting on behalf of humans. Expect deeper AI and Web3 integration across our portfolio, this is the area with the most room to grow.


Dealflow Podcast 

Dealflow Podcast dives into the stories behind the builders and investors shaping the future of Web3 and AI. Each episode uncovers how they are turning bold ideas into real products and culture-defining the future of tech.

“The biggest risk right now is not having any crypto in your portfolio. You don’t want to wait until Bitcoin moves like gold. That’s when the opportunity is gone.”- Chung, Investment Partner at ArkStream Capital.




More Episodes here:
- What If Your Brain Was Worth Money?
- Lost Everything in the 2018 Baer Market . Now Running Crypto's Most Selective Founder Accelerator.
- Tokenize or Die: The Warning Every Business Needs to Hear

Follow on Spotify:
https://open.spotify.com/show/6RKf6kRL2q0XEgQeYp9r0d?si=1d28a7c1056a4ceb

Subscribe on YouTube:
https://www.youtube.com/@DealFlowPodcast


MH Ventures

MH Ventures is an early-stage venture firm investing in frontier Web3 technologies, digital assets, and the builders shaping the decentralized economy. Through Fund I, we’ve partnered with founders redefining infrastructure, DeFi, and digital coordination. As we prepare to launch Fund II, our focus remains the same, back conviction, utility, and long-term value creation.

For partnership or investor inquiries, contact invest@mhventures.io.

]]> mhventures@newsletter.paragraph.com (Keira Nesdale) investment bitcoin cryptocurrency web3 blockchain founder startup investor builder <![CDATA[Proof of Portco ]]> https://paragraph.com/@MHVentures/proof-of-portco-5 ABeHWu4Z6jM2wkzHkytS Mon, 06 Apr 2026 20:05:39 GMT Highlights

Since our February edition, the market has continued to transition from narrative-driven momentum to a more measured, capital-disciplined environment. Volatility has remained, but price action is increasingly being shaped by flows, positioning, and macro conditions rather than short-term speculation alone. ETF activity continues to play a meaningful role in liquidity and sentiment, while institutional participation has become more consistent and less opportunistic.

Regulatory progress has also moved forward in a more constructive direction. Key jurisdictions are shifting from ambiguity toward clearer frameworks, allowing capital allocators and operators to engage with greater confidence. This is not a single defining moment, but rather a steady progression toward a more investable and structured asset class.

At the same time, large funding rounds across infrastructure, AI-crypto convergence, and real-world asset platforms signal where conviction remains. Capital is concentrating around teams building core rails, scalable applications, and systems that extend beyond purely token-driven models. The dispersion between high-quality projects and the rest of the market continues to widen.

Sentiment today feels more grounded. Less reactive, more selective. Builders are operating with tighter feedback loops, and capital is being deployed with greater scrutiny. This is a market that is maturing in real time.

For us at MH Ventures, the takeaway remains consistent. Periods like this reward execution, clarity of vision, and long-term alignment. The companies highlighted in this issue reflect that shift, continuing to build, ship, and expand utility while the broader market finds its next phase of growth.

As always, Proof of Portco provides a transparent view into that progress.

IO.net

IO.net is the world's largest decentralised GPU network, aggregating idle compute from data centres, crypto miners, and independent hardware providers across the globe into a single marketplace, available to anyone, at a fraction of the cost of traditional cloud providers.

This week, IO.net launched Agent Compute, a first-of-its-kind platform that fundamentally changes the relationship between AI agents and computing infrastructure. AI agents can now independently spin up GPU clusters, run workloads, and scale resources up or down.

The implications are significant. Agents interact directly with IO.net's marketplace of over 10,000 GPUs across 138 regions in 130+ countries, accessing compute at up to 70% lower cost than traditional cloud providers, provisioning resources on demand, and releasing them when done. The system uses the Model Context Protocol, giving agents clear visibility into available compute resources so they can make informed, rather than costly, decisions.

"This is a step towards truly autonomous agents," said Gaurav Sharma, CEO of IO.net. "Right now, agents still depend on humans for infrastructure. As they become more capable, that dependency becomes the bottleneck. If agents are going to operate independently, making decisions, executing tasks, and scaling resources in real time, they need the ability to provision their own compute. That's the future we're building toward."

Mind Network

Most people assume their data is private. It is not. When you send a message, use an app, or interact with an AI, your data is encrypted while it travels and while it sits in storage, but the moment it gets processed, it is fully exposed. That gap has existed since the internet was built. Mind Network is closing it.

They are doing this using a technique called Fully Homomorphic Encryption (FHE), which cryptographers have called the holy grail of the field for decades. In plain terms, FHE allows computations to be performed directly on encrypted data without ever decrypting it. Your data stays locked the entire time, even while something is being done with it. Mind Network is the first project to bring this technology to real-world AI and blockchain applications.

The reason this matters right now is agents. Billions of AI agents are coming, and they will be handling your wallet, your emails, your trading strategy, and your personal data. Every transaction they make reveals your intent. Every call they make leaks your strategy. Mind Network launched its x402z testnet this year, enabling private on-chain payments between AI agents using the ERC-7984 token standard, so agents can transact without revealing amounts or intent. Encrypted agent memory is next. If agents can act on memory that is never exposed in plaintext, the entire agentic economy becomes something you can actually trust.


GenLayer

GenLayer is building what they call the trust infrastructure for the AI age. The simplest way to think about it: today's smart contracts are rigid. They can only process what they already know, they can't read the internet, they can't handle ambiguity, and they certainly can't think. GenLayer changes that by giving contracts a brain, allowing them to reason, interpret plain language, and draw on real-world information to make autonomous decisions.

The way it works is through something called Intelligent Contracts, which run on GenLayer's own execution environment and a consensus mechanism called Optimistic Democracy. Instead of a single ruleset determining outcomes, validators, each connected to a different AI model, work together to reach agreement, even on subjective or non-deterministic questions. It's a fundamentally different way of thinking about what a blockchain can do, and it's why the team describes GenLayer as a programmable legal layer for the internet, not just another chain.

This month, the GenLayer Portal went live as the central hub for the ecosystem, where users can explore apps, earn Points, and complete missions. But the bigger story is what this technology actually unlocks. Imagine insurance that pays out the moment your flight lands late, or a contract that automatically enforces itself the moment a real-world condition is verified on the open internet, no middleman, no delay. That future is what GenLayer is building toward, and the builders shaping it are starting to show up now.


Portfolio Highlight Q & A 

Keira sat down with Parth, co-founder of Tria, to record an episode of the DealFlow Podcast, during which they talked about the importance of a privacy-first blockchain. Below is a short Q&A snippet from that conversation.

  1. Who are you, and what’s the story behind your project?

    I've been building in crypto since 2014, mining ETH before most people knew what it was, and I exited my first company at 16. Tria came from a simple realization, the infrastructure in Web3 is ready, but actually using it is still a massive pain. We built Tria to fix that. We’ve built a self-custodial neobank where you can trade, earn, and spend your crypto as easily as you would with Revolut, but with nobody holding your funds but you. We have now grown to over 425,000 users, crossed $100 million in transaction volume, and are just getting started.

  1. What problem in crypto frustrates you the most, and how are you fixing it?

    The biggest frustration is that all this incredible infrastructure exists, but regular people still can't use it. To earn decent yields or spend your crypto in real life, you're hopping through 50 different channels just to do something simple. Tria abstracts all of that away, you get 0% fees, a Visa card that works in 150 countries, and yields up to 15% on your idle assets, all from one app that you don't need a technical background to use.

  2. If I only hold BTC or ETH, why should I even care about what you’re building?

    Because right now your assets are just sitting there. With Tria, you can put them to work, earning yield, spending them daily, or trading across chains without ever touching a bridge or paying gas. And it is not just built for humans anymore. BestPath is already powering AI agent transactions through partners like Talus, Sentient, and Netmind MEXC, which means the same infrastructure moving your money today is becoming the financial rails for the entire agentic economy tomorrow.

  3. What makes your approach different from all the noise in crypto right now?

    Most crypto cards are custodial, if the company goes down, your funds go with it. Tria is fully self-custodial, so your money is always yours. On top of that, our core infrastructure BestPath has been running for two years and is already being used by Polygon, Injective, and 20 other protocols, we just built a neobank on top of something that was already proven.

  4. What’s next… what should I be watching for in the next 6 months?

    The roadmap for the first half of 2026 includes institutional product rollouts, travel bookings, prediction markets, delta-neutral yield strategies, private on-chain banking, AI agent integration, and virtual bank accounts, with a target to process $1 billion in transactions and reach $100 million in annual recurring revenue.

    Season 2 of our points program is also coming, with updated token utility baked deep into the product. The access code is coming off, too, so very soon, anyone can just download and go.

DealFlow Podcast 

DealFlow Podcast dives into the stories behind the builders shaping the future of Web3. Each episode uncovers how founders are turning bold ideas into real products and culture-defining tech. No hype, no jargon, just raw insights from the people building tomorrow’s technology.

"Privacy is going to be the fight of the millennial generation. We are the last generation to grow up analog, and nobody has really talked about what that means yet." - Christian, Co-founder of Mind Network.


More Episodes here:
- 4.3 Billion Testnet Transactions and 1 Million Discord Members: Inside Pharos
- From Roblox to the Next Generation: How Avalon is Using AI to Let Anyone Build Their Dream Game
- This Crypto Bank Lets Your Spend, Save and Earn
- The Future of AI Should Not Belong Only to Big Tech

Follow on Spotify:
https://open.spotify.com/show/6RKf6kRL2q0XEgQeYp9r0d?si=1d28a7c1056a4ceb

Subscribe on YouTube:
https://www.youtube.com/@DealFlowPodcast

MH Ventures

MH Ventures is an early-stage venture firm investing in frontier Web3 technologies, digital assets, and the builders shaping the decentralized economy. Through Fund I, we’ve partnered with founders redefining infrastructure, DeFi, and digital coordination. As we prepare to launch Fund II, our focus remains the same, back conviction, utility, and long-term value creation.

For partnership or investor inquiries, contact invest@mhventures.io.

]]> mhventures@newsletter.paragraph.com (Keira Nesdale) investment bitcoin cryptocurrency web3 blockchain founder startup investor builder <![CDATA[Proof of Portco ]]> https://paragraph.com/@MHVentures/proof-of-portco-4 V3R6kDGawMyx5aaPRcw3 Thu, 26 Feb 2026 20:17:03 GMT Highlights

February was a reminder that crypto markets move in cycles of sentiment and structure. After a constructive start to the year, volatility returned as leverage reset and capital rotated across risk assets. ETF flows continued to influence price discovery, institutional participation deepened, and regulatory clarity in key jurisdictions added incremental confidence to the long term outlook.

Yet beneath the short-term price movements, the more durable story continues to unfold. Infrastructure is maturing. AI and crypto integrations are accelerating. Real-world asset tokenization is moving from experimentation to meaningful deployment. Capital is becoming more deliberate, and founders are increasingly focused on product market fit rather than narrative momentum.

This phase feels less speculative and more structural. Global liquidity conditions are shaping risk appetite, but institutional allocators are engaging through regulated vehicles, and enterprise adoption is quietly expanding.

For us at MH Ventures, February reinforced a consistent belief. Durable value is built during periods of recalibration. The companies featured in this issue reflect that discipline, executing with focus, expanding utility, and compounding long-term advantage while markets find their footing.

As always, Proof of Portco provides a transparent view into that progress.

Avalon

Avalon is building the game gamers have been asking for.

Creating no longer requires deep technical skill. With Avalon, anyone can generate an immersive world straight from their imagination by describing it in natural language to an AI model. And the best part: for the first time in player-created games, the worlds are persistent. Create once, play forever.

The “metaverse” hype cycle kicked off in 2021, but it didn’t land. Most worlds were empty skyboxes, and the experiences couldn’t compete with the games people already loved. Avalon fixes that by unlocking real digital creation for everyone.

CEO and co-founder Sean Pennick calls Avalon the graduation game for Roblox players that also layers in Unreal Engine-level cinematic immersion for that Ready Player One feel. Players can craft high-fidelity games, monetize them, and share persistent realms with real-time combat, quests, and economies.

Avalon was co-founded by the creator of legendary EverQuest (OG of online gaming) , raised $23M for development, and has now opened a closed beta via Discord.

Watch the trailer on X and join the Avalon Discord to start playing now:

Pharos

Crypto is drowning in artificial yields and meme coins that crash. Meanwhile, traditional finance traps its best assets behind massive entry barriers.

Pharos is a high-speed Layer 1 blockchain built by former Ant Group security leaders to destroy this gap. They are building a standard called RealFi, which tokenizes real-world assets so that normal users can access sustainable, premium yields paid in stablecoins rather than fake reward tokens.

The infrastructure is built for global institutions, handling 30,000 transactions per second with sub-second finality (aka it is fast and can compete with Visa). But great tech doesn't win alone. To cut through the noise of Web3, Pharos launched a $10 million ecosystem fund to bootstrap growth. Instead of just writing checks, they actively help founders with team formation, legal compliance, and marketing to build Pharos into the new leading L1.

The demand is clear. Pharos ran two testnets, processing 4.3 billion transactions from 209 million unique wallets. Backed by an engaged community of 1 million members, they are about to launch their mainnet. Pharos isn't just shipping another blockchain, they are creating a borderless financial city where institutional-grade assets are finally open to everyone.

BSCN

The DealFlow Podcast has entered into a media syndication agreement with BSCNews, one of the most respected and widely followed blockchain media outlets. With a global audience of over 1.3 million followers on X and tens of millions of monthly impressions, BSCNews stands at the top of Web3 journalism.

This partnership with BSCN will expand DealFlow Podcast’s distribution across their editorial ecosystem, reaching crypto-curious retail audiences, blockchain communities, builders, and investors, with the hope of bringing more insight, access, and visibility to the people innovating within Web3.


Portfolio Highlight Q & A 

Keira sat down with Azeem, co-founder of Miden, to record an episode of the DealFlow Podcast, during which they talked about the importance of a privacy-first blockchain. Below is a short Q&A snippet from that conversation.

  1. Who are you, and what’s the story behind your project?

    I’ve spent the last 12 years in crypto across almost every angle you can think of, including founder, investor, grant allocator, and advisor. I helped design blockchain tools for public good with UNICEF, distributed millions in grants at Gitcoin, and wrote regularly for outlets like Forbes and CoinDesk to push the industry beyond hype toward real impact.​​

    Miden is the culmination of that journey. We’re building a next-generation blockchain that actually works for humans, and maybe even better for AI agents. A zero-knowledge, client-side execution network designed from the ground up to be private, scalable, and compliant enough for real institutional and global use, not just speculative games.

  1. What problem in crypto frustrates you the most, and how are you fixing it?

    The thing that frustrates me most is that crypto has drifted from “bank the unbanked” to “help already‑banked people become bankless.” The people who actually need better financial rails are still mostly watching from the sidelines.​

    On top of that, we pretend we care about institutions and real-world adoption while asking banks, asset managers, and governments to transact on ledgers that function like live blockchain explorers for every move they make. No serious institution is going to run a size on a chain where every trade is fully transparent, permanently.​

    Miden fixes this by moving execution to the edge: users and institutions run computations locally, keep sensitive data on their own devices, and only send zero‑knowledge proofs to the network. That gives you privacy, compliance, and scalability in a single stack, without forcing a trade-off between them.

  2. If I only hold BTC or ETH, why should I even care about what you’re building?

    If you only hold BTC or ETH, what you’re really betting on is that onchain finance becomes a core part of the global economy. For that to happen, we need infrastructure that serious institutions are actually willing to use at scale.

    Miden is about building that missing layer. A network where you can have public and private transactions in the same system, with proofs instead of raw data hitting the chain. If we’re successful, that brings more real-world assets, more liquidity, and more durable demand into the broader ecosystem, which ultimately benefits the assets you already hold.

  3. What makes your approach different from all the noise in crypto right now?

    Most of crypto is either chasing the next speculative meta or re‑skinning the same rollup architecture with different buzzwords. Very few teams are rethinking how blockchains compute from first principles.​

    Miden is a ZK‑native, edge‑first blockchain. Instead of making every node on the network re‑run your transaction, Miden lets your own device run it, then generate a small cryptographic proof (using STARKs) that says “this was done correctly” and sends only that proof to the chain.

    Because the heavy work happens on the user’s device and only proofs hit the network, you can build much more demanding, privacy‑preserving applications, like private DAOs, serious treasuries, AI agents whose actions are verifiable, and rich onchain games... that don’t really fit on today’s “everyone re‑executes everything” chains.

    And culturally, we’re not optimizing for the next airdrop farm. We’re building infrastructure that can sit under banks, governments, and serious builders for a decade-plus, with privacy and compliance baked in from day one rather than bolted on as an afterthought.

  4. What’s next… what should I be watching for in the next 6 months?

    Testnet is now live
    Our next testnet will showcase edge execution with client‑side proofs and hybrid public/private flows, so people can feel the model as a real product, not just a whitepaper.

    Real builders and institutions
    We’re onboarding teams building private DeFi, treasuries, and payments, and exploring pilots with banks and fintechs in regions where financial inclusion is not a meme but a necessity.

    Mainnet runway
    We’re lining up funding, partners, and compliance so that a Q2 mainnet launch comes with real usage and institutional pathways, not just another ticker event

DealFlow Podcast 

DealFlow Podcast dives into the stories behind the builders shaping the future of Web3. Each episode uncovers how founders are turning bold ideas into real products and culture-defining tech. No hype, no jargon, just raw insights from the people building tomorrow’s technology.

"Stop buying beer and go buy Bitcoin instead." - Alan Orwick, Co-founder of Quai Network.


More Episodes here:
Stop building for humans. Start building for AI Agents.
This is the GIANT crypto experiment.
Gunzilla Games: Fortnite is DEAD... Watch out for this game!

Follow on Spotify:
https://open.spotify.com/show/6RKf6kRL2q0XEgQeYp9r0d?si=1d28a7c1056a4ceb

Subscribe on YouTube:
https://www.youtube.com/@DealFlowPodcast

MH Ventures

MH Ventures is an early-stage venture firm investing in frontier Web3 technologies, digital assets, and the builders shaping the decentralized economy. Through Fund I, we’ve partnered with founders redefining infrastructure, DeFi, and digital coordination. As we prepare to launch Fund II, our focus remains the same, back conviction, utility, and long-term value creation.

For partnership or investor inquiries, contact invest@mhventures.io.

]]> mhventures@newsletter.paragraph.com (Keira Nesdale) investment bitcoin cryptocurrency web3 blockchain founder startup investor builder <![CDATA[Proof of Portco]]> https://paragraph.com/@MHVentures/proof-of-portco-3 DaTSEY8XZ7OkHju73sX2 Thu, 05 Feb 2026 02:16:12 GMT Highlights

As we begin 2026, the focus across our portfolio is simple: execution. The market noise has faded, priorities have sharpened, and builders are back to doing what matters most: shipping, iterating, and compounding real progress.

The companies featured in this issue reflect that momentum. From product milestones to early traction and ecosystem engagement, January sets the tone for a year centered on fundamentals and long-term value creation.

As always, Proof of Portco is intended to offer a transparent view into how our portfolio companies are evolving, where they’re finding leverage, and where the broader Web3 ecosystem is quietly moving forward.

We appreciate your continued interest and support, and we look forward to building alongside you throughout the years ahead.
Quai Network

Quai Network is a scalable Layer-1 blockchain that merges Proof-of-Work security with sharding for 50,000+ TPS, blending Bitcoin's decentralization, Ethereum's programmability, and Solana-like speed into a multi-threaded powerhouse for everyday crypto use.

Since launch, its SOAP protocol, a Subsidized Open-market Acquisition Protocol, has crushed it: generating $1.38M+ in revenue while burning 19.57M+ QUAI tokens, all from mining nearly 19k blocks and securing $50B+ in transactional value over 45 flawless days.

Ensue AI

The next era of AI won't be defined by better models, but by how agents coordinate. Ensue is solving the "plumbing" problem of the AI revolution by automating vector embeddings, indexing, and access control for developers.

Led by Austin Baggio (ex-Google/Xero), Ensue allows agents to maintain persistent context and coordinate at scale. Unlike immutable storage solutions, Ensue utilizes polynomial commitment cryptography to enable low-cost, mutable state updates, essential for dynamic agent workflows.

By integrating natively with the Model Context Protocol (MCP), Ensue is positioning itself as the "sticky" infrastructure layer of the AI stack, ensuring that while models may be commoditized, the context that powers them remains portable and secure.

RareBet Sports

RareBet Sports flips the script on traditional sportsbooks like DraftKings, ditching geo-locked fiat rails and shady intermediaries for a global, on-chain fantasy sports playground on Monad and EVM chains.

Bet crypto (USDC, tokens) on daily fantasy over/unders with up to 100x payouts, instant stablecoin settlements, yield-earning liquidity pools, and NFT-gated perks, powered by their RBS Oracle delivering 10,000+ real-time data points for trustless, composable action.

Portfolio Highlight Q & A 

Keira sat down with John Paller, founder and Chief Steward of ETHDenver, to record an episode of the DealFlow podcast, during which they talked about bringing real-world capital markets onchain. Below is a short Q&A snippet from that conversation.

  1. Who are you, and what’s the story behind your project?

    I’m a blockchain entrepreneur, futurist, and the Executive Steward of ETHDenver, and the founder of Opolis. My roots aren’t in coding, I spent over 15 years building companies in the staffing and HR technology sector.

    ETHDenver’s story began in 2018 with a small community meetup in an old sports castle, bringing together about 3,000 builders who simply wanted a place to create. Since then, it has grown into the world’s largest Web3 and Ethereum-focused hackathon and festival.

  1. What problem in crypto frustrates you the most, and how are you fixing it?

    Crypto's top product-market fit so far has been gambling, from ICOs to meme coins, acting like a casino while selling unfulfilled narratives. Traditional C-Corps exacerbate this via the "tragedy of the boardroom," legally extracting user value for shareholders and eroding experience. We're fixing it with a cooperative framework through SporkDAO, using a patronage token model where contributors earn ownership via labor, coding, volunteering, and attending rather than capital buys. This ensures value creators capture the rewards, not passive investors.

  2. If I only hold BTC or ETH, why should I even care about what you’re building?

    I’m working on the not-so-sexy-but-crucial layer: ownership structures, governance, and incentives that make crypto useful for real people, not just traders.

    With SporkDAO and Opolis, we’re proving that users can own the platforms they build and use, and even receive profit distributions based on their actual participation. That’s a completely different narrative than “number go up,” and it matters for BTC and ETH holders because the more real-world, regenerative, community-owned systems we build on these rails, the more durable and credible the entire ecosystem becomes.

  3. What makes your approach different from all the noise in crypto right now?

    While most of the industry is focused on speculation and hype, we are focused on regenerative economics and tangible utility. We aren't just theorizing about community ownership, we are executing it. SporkDAO recently distributed $52,800 in community-generated profits back to our members, marking the first time a DAO has issued a profit distribution for patronage.

    Our approach is different because it is structurally designed to be benevolent. By using the Colorado Limited Cooperative Association (LCA) legal framework, we ensure that we aren't just another project launching a token for a quick exit, but rather building a durable "digital metropolis" that rewards long-term contribution over short-term extraction.

  4. What’s next… what should I be watching for in the next 6 months?

    Watch for the rise of AI agents in our ecosystem. With the implementation of EIP-8004, we will see Trustless AI agents accelerate governance and coordination, potentially helping on-chain users address issues such as voter apathy.

    Keep an eye on the continued evolution of patronage distributions. We have started a cycle of rewarding active participation with real value, creating a regenerative loop that retains and attracts builders.

    Finally, we are already paving the way for ETHDenver 2026. On the 17th of February, we will experience the "New #BUIDL City" in Denver, the last bastion of decentralization, where innovators unite to forge the next era of open finance.

DealFlow Podcast 

DealFlow Podcast dives into the stories behind the builders shaping the future of Web3. Each episode uncovers how founders are turning bold ideas into real products and culture-defining tech. No hype, no jargon, just raw insights from the people building tomorrow’s technology.

"It's a GIANT experiment" - John Paller, Founder of ETHDenver

More Episodes here:
Gunzilla Games: Fortnite is DEAD... Watch out for this game!

Fluent: Cryptos best kept secret is this

Wallchain: This is why micro-creators will dominate 2026

Rarebeat Sports: Sports gambling is broken, RareBet Sports is fixing it

DreamSpace: Build an app with NO coding and earn crypto

Follow on Spotify: https://open.spotify.com/show/6RKf6kRL2q0XEgQeYp9r0d?si=1d28a7c1056a4ceb

Subscribe on YouTube: https://www.youtube.com/@DealFlowPodcast

MH Ventures

MH Ventures is an early-stage venture firm investing in frontier Web3 technologies, digital assets, and the builders shaping the decentralized economy. Through Fund I, we’ve partnered with founders redefining infrastructure, DeFi, and digital coordination. As we prepare to launch Fund II, our focus remains the same, back conviction, utility, and long-term value creation.

For partnership or investor inquiries, contact invest@mhventures.io.

]]> mhventures@newsletter.paragraph.com (Keira Nesdale) cryptocurrency blockchain web3 founder startup ai artificialintelligence crypto ethdenever <![CDATA[Proof of Portco ]]> https://paragraph.com/@MHVentures/proof-of-portco-2 Gwlgpj6rjTNHMOgbH0HV Wed, 17 Dec 2025 14:00:00 GMT As we close out 2025, we’re taking a moment to reflect on a year defined by resilience, recalibration, and quiet strength across the Web3 ecosystem. The builders we’ve backed through Fund I continued to push boundaries: launching products, shipping updates, and proving that conviction and creativity to endure through every market cycle.

Looking ahead to 2026, we’re filled with optimism. The next chapter for MH Ventures begins with Fund II and a renewed commitment to backing founders who turn vision into momentum.

To our portfolio teams, partners, and supporters...thank you for being part of this journey.

Wishing you all a healthy, inspired, and prosperous start to the new year ahead!


Highlights

Tria

Tria is a new kind of global banking app that lets you hold and spend digital dollars like normal money, with an interface that feels as simple as Revolut or Wise. You can tap and pay with a Visa card in 150+ countries, send money instantly across borders, and earn yield on your balance, while still staying in control of your funds instead of leaving everything on an exchange.

Tria is already proving there is real demand at scale: over 50,000 people worldwide have moved $20 million through Tria in just 90 days of beta, including $1.12 million in a single day. That early traction is why Tria is positioning itself as one of the fastest‑growing crypto‑powered neobanks, turning stablecoins and even meme coins from something you hold into something you can actually use every day.

Get your Card Today here.

RareBet Sports

RareBet Sports is a new kind of sports prediction and fantasy platform that lets fans pick how real players will perform and take positions on games using crypto and stablecoins. Think of it like fast‑paced fantasy sports: instead of managing a team for an entire season, you make simple picks for one day or one set of matches and see the results the same night.

For sports fans who already enjoy “speculative entertainment,” RareBet Sports adds features legacy apps struggle to offer: global access, deposits that can earn yield from platform activity, and rewards paid in crypto, all handled by transparent on-chain smart contracts. With features like its RareLink slips and RBS Oracle data feeds, it is building a Web3-native fantasy sports hub designed for the next generation of sports and crypto fans.

Create your Fantasy Sports Team here.

XMAQUINA

XMAQUINA is a decentralized investment DAO that allows everyday people to invest in and collectively co-own leading robotics companies. This year, the XMAQUINA DAO has invested $3.6M into leading robotics companies, including 1X Technologies, Apptronik, Figure AI Robotics, and Agility Robotics. These strategic allocations have positioned XMAQUINA at the forefront of the robotics revolution, giving community members direct exposure to some of the most innovative and high-growth humanoid robotics ventures worldwide.

The most recent $DEUS auction saw over $3 million contributed in under 20 minutes by more than 1,600 contributors, highlighting strong community demand for early access to the Humanoid Age through XMAQUINA.

Get a reminder for the final pre-TGE community sale here.


Portfolio Highlight Q & A 

Keira sat down with Austin Federa, Co-Founder of DoubleZero, to record an episode of the DealFlow podcast, during which they talked about building a network to enable faster and cheaper AI.

Below is a short Q&A with Austin:

  1. Who are you, and what’s the story behind your project?

I’m Austin Federa, co-founder of DoubleZero. I was previously Head of Strategy at Solana Foundation and prior to that, was at Bison Trails/Coinbase Cloud. DoubleZero grew out of a simple realization: modern blockchains are fast, but they’re still running on the public internet, which isn’t designed for optimal performance. Meanwhile, the largest tech companies and trading firms have used private fiber for decades to maintain performance at scale.

We’re building a dedicated, high-performance network for distributed systems, starting with crypto, so blockchains can have access to the same quality of infrastructure as TradFi and reach their full potential to impact billions of people.


  1. What problem in crypto frustrates you the most, and how are you fixing it?

To me, the ambition of crypto is still far too small. While the space’s growth to date has been impactful, we are nowhere close to the bigger vision of impacting billions of people with new products and services built on crypto rails. 

Solana has this phrase “Internet Capital Markets” which highlights the need for the industry to replace and improve upon existing financial systems for the benefit of all. DoubleZero is the “Internet” in Internet Capital Markets. The protocol enables independent contributors to add bandwidth from their own fiber optic links, creating a worldwide high performance network that blockchain nodes can use as an alternative to the public internet.

Currently, DoubleZero only supports Solana, but will add additional chains in the near future.  DoubleZero also has over 70 links added by 10 different contributors, with 5 more contributors expected to join in the coming months. The DoubleZero Performance Dashboard is the best place to understand the growth of the network so far.


  1. If I only hold BTC or ETH, why should I even care about what you’re building?

Even if you never leave BTC and ETH, your coins trade in a broader crypto market that increasingly relies on on-chain liquidity and price discovery. Better infrastructure means tighter spreads, fairer markets, and more sophisticated products that can attract serious capital into crypto as an asset class. 

In short: if the rails under crypto get faster and more reliable, it’s good for the whole ecosystem, including BTC and ETH holders.


  1. What makes your approach different from all the noise in crypto right now?

We’re not launching another L1 or a shiny consumer app -we’re upgrading the physical pipes that underpin the entire space. DoubleZero coordinates real fiber in the ground, contributed by multiple independent contributors, into a network that is faster and more consistent than the public internet.  

It’s truly low-level infrastructure that’s invisible to most, but is incredibly important for the growth of the industry in the years to come.


  1. What’s next… what should I be watching for in the next 6 months?

Our primary focus right now is the Solana validator ecosystem and continuing to prove our value to the Solana nodes. We already have 40% of Solana stake connected to DoubleZero, and we would love to continue to grow that number so that we make an even bigger impact in Solana's speed and reliability.

More broadly, DoubleZero will soon support both additional technologies that make data transmission over the network better, such as multicast and edge filtration, as well as additional networks beyond Solana. Ultimately, we want to bring high-performance networking to the distributed systems of today and tomorrow in a decentralized, permissionless way. So we're really excited about what the next year will hold.

DealFlow Podcast 

Dealflow dives into the stories behind the builders shaping the future of tech and AI. Each episode uncovers how founders are turning bold ideas into real products and culture-defining tech. No hype, no jargon, just raw insights from the people building tomorrow’s technology.

View All Episodes here


Subscribe to YouTube: https://www.youtube.com/@DealFlowPodcast

Listen on Apple: https://podcasts.apple.com/nz/podcast/dealflow/id1859528286

Listen on Spotify: https://open.spotify.com/show/6RKf6kRL2q0XEgQeYp9r0d

Follow on X: https://x.com/dealflowpodcast

Monthly Article

Most people think the biggest technology shifts happen on screens, but the next one is unfolding in the physical world.
Behind the scenes, new systems are transforming how energy, data, transportation, and machines are built and coordinated.
This article below explores what’s driving that shift, how it works in simple terms, and why it may shape how everyday infrastructure functions in the years ahead.

DePIN Deepdive - Is The New Industrial Stack Onchain?

Discover how DePIN is powering the new industrial stack, from robotics to satellites, using crypto to coordinate real-world infrastructure at scale.

https://www.mhventures.io

MH Ventures

MH Ventures is an early-stage venture firm investing in frontier Web3 technologies, digital assets, and the builders shaping the decentralized economy. Through Fund I, we’ve partnered with founders redefining infrastructure, DeFi, and digital coordination. As we prepare to launch Fund II, our focus remains the same, back conviction, utility, and long-term value creation.

For partnership or investor inquiries, contact invest@mhventures.io.


]]> mhventures@newsletter.paragraph.com (Keira Nesdale) crypto web3 cryptocurrency blockchain <![CDATA[Proof of Portco ]]> https://paragraph.com/@MHVentures/proof-of-portco W1kzTywjOWcTzqWFgxsY Wed, 19 Nov 2025 13:00:00 GMT MH Ventures launched Fund I with a focused mission: to back exceptional founders building real utility at the frontier of Web3. Since inception, we’ve invested across infrastructure, decentralized finance (DeFi), Artificial Intelligence (AI), Real World Assets (RWAs), and digital assets, partnering with early teams that are now shaping the next era of decentralized innovation.

The projects highlighted in this publication represent select portfolio companies from Fund I, builders turning vision into traction and measurable impact across the ecosystem as we closely follow their journey.

Looking ahead, MH Ventures is now preparing to launch Fund II, expanding our mandate to support the next generation of category-defining founders.

For those interested in learning more, investor inquiries are welcome.


Highlights

Janction

AI needs GPUs, but supply can’t keep up. Janction is solving that by unlocking idle GPUs from individuals and companies, turning unused hardware into a global compute network. After selling 7,000 nodes and surpassing $4M in revenue, they’re now partnering with Panasonic R&D and scaling across Asia. 

Their $JCT token launched on the 11th of November on Binance. $JCT fuels the ecosystem by paying out GPU rewards, enabling staking, and powering next-gen GPU applications such as video rendering and upscaling.


GAIB

AI’s next leap is data that teaches itself. GAIB is building autonomous AI agents that can generate, test, and refine data autonomously, creating a smarter, self-improving ecosystem. 

GAIB just launched the AI Dollar (AID) and sAID,  the first assets that let anyone earn a real yield from funding AI and robotics infrastructure. This marks a major step in bringing the AI economy on-chain, turning GPUs and robotics into investable, yield-generating assets and giving users a direct way to participate in the growth of the AI industry.


RISE

RISE is building an open, programmable digital financial system designed to bring global capital markets fully onchain. The team believes the future of finance will be powered by programmable markets, open systems where anyone can innovate and trade freely without intermediaries.

With 3ms testnet speeds, RISE is setting a new performance benchmark making Web3 fast enough to compete with traditional finance and enabling truly global, permissionless market access.

This vision takes a major step forward with RISE’s acquisition of BSX Labs, the team behind the BSX perpetuals DEX, bringing deep expertise from over $15B in orderbook trading volume. The integration accelerates RISE’s development of fully onchain, synchronously composable orderbook infrastructure on the EVM, combining programmable markets with CEX-grade execution.


Portfolio Highlight Q & A 

Keira sat down with Iggy, Chief Investment Officer at Theo Network, to record an episode of the DealFlow podcast, during which they talked about bringing real-world capital markets onchain. Below is a short Q&A snippet from that conversation.

  1. Who are you, and what’s the story behind your project?

I’ve spent my career across Wall Street, hedge funds, and crypto, and I saw firsthand how outdated the pipes of traditional finance are. With Theo Network, we’re rebuilding the bridge so anyone, anywhere, with just a few dollars and a phone can access the same high-quality assets as wealthy investors in the U.S. 

I first backed the team as an investor and advisor, then jumped in as Chief Investment Officer once I saw we could actually make that vision real.


  1. What problem in crypto frustrates you the most, and how are you fixing it?

My biggest frustration is “tokenization theater” - assets get tokenized, a press release goes out, and then nothing really goes onchain or works for real people. We’re fixing that by taking blue-chip financial assets like U.S. Treasury bills and gold and making them liquid, tradable, and easy to use directly onchain. 

In simple terms: “I can finally do something useful with this from my phone.”


  1. If I only hold BTC or ETH, why should I even care about what you’re building?

If you already hold BTC or ETH, Theo is the bridge that lets you park some of that capital in dollar yield, gold, and stocks without leaving the onchain world. Our first product feels like a stablecoin that actually pays you the underlying T-bill yield. Current stablecoins take the yield for themselves and pay you nothing. It’s a simple way to diversify your crypto stack into real-world assets while still living in the ecosystem you know. 

After only three months, we have 83,500 users in 60+ countries - folks are paying attention.


  1. What makes your approach different from all the noise in crypto right now?

A lot of projects talk about bringing traditional assets onchain and then just let them sit there. Theo is built by crypto-native market makers whose success depends on real trading activity, so we obsess over deep liquidity, integrations, and making these assets actually usable day-to-day. Combined with blue-chip partners on the underlying products, that means both high quality and real usage, not just big TVL numbers in a slide deck.


  1. What’s next… what should I be watching for in the next 6 months?

Over the next six months, we’re rolling out tokenized gold, silver, and our first wave of major stocks, so you’ll be able to build a real onchain portfolio across T-bills, commodities, and equities. We’re also plugging Theo into more exchanges, so liquidity, accessibility, and yields all improve as usage grows. This will grow our trading volume, which is already $500MM/month!

If you’re watching from the sidelines, keep an eye on how quickly our onchain volumes and global user base ramp, that’s the clearest signal this is working.


DealFlow Snippet with Iggy

DealFlow Podcast 

Dealflow dives into the stories behind the builders shaping the future of Web3. Each episode uncovers how founders are turning bold ideas into real products and culture-defining tech. No hype, no jargon, just raw insights from the people building tomorrow’s technology.

View All Episodes here

Building an open system that makes AI faster and cheaper by letting anyone share and access computing power worldwide.

Building a faster, more private way to use digital apps and transactions.

A platform that allows individuals to pool personal data privately, which can then be monetized, eg, Spotify and Social media data. 

Building a global network where AI agents transact, negotiate, and solve problems for us without intermediaries.

Building an open, global network for 3D printing, connecting designers, manufacturers, and consumers so anyone can produce real products anywhere.

Creating an open network where anyone can supply or tap into computing power to build and run AI models.


Subscribe to YouTube for shorts: https://www.youtube.com/@DealFlowPodcast/shorts

Follow on X: https://x.com/dealflowpodcast

MH Ventures

MH Ventures is an early-stage venture firm investing in frontier Web3 technologies, digital assets, and the builders shaping the decentralized economy. Through Fund I, we’ve partnered with founders redefining infrastructure, DeFi, and digital coordination. As we prepare to launch Fund II, our focus remains the same, back conviction, utility, and long-term value creation.

For partnership or investor inquiries, contact invest@mhventures.io.


]]> mhventures@newsletter.paragraph.com (Keira Nesdale)