Finality Capital Partners
@FinalityCap
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Supporting a more decentralized future
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At Finality, we envision a world that’s less bounded by geography & where the benefits of technology are more broadly shared across all aspects of society. 🔮
🧵 Here's our thesis on how to realize this vision. More at .
Keep reading for the big ideas. 👇
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Great discussion between
@CampbellJAustin
&
@leptokurtic_
.
We're investors in
@ethena_labs
and are financially supporting their launch. We backed them bc we think people and institutions should be able to better express their risk preferences when it comes to stablecoins. (1/4)
Firstly - we agree with
@CampbellJAustin
comments on the use of "stablecoin" within the product name
Internally we have adjusted this within our documents which are yet to be released, and will ensure all public documentation reflects this including the landing page
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Do you want Web3 apps that surpass the utility of Web2 apps? 🤤
⚠️ You’ll need validators to stake $440B and protocols to pay $40B annually for security.
💡 Restaking with
@eigenlayer
solves this problem and makes holding ETH much more compelling.
Here's a 🧵 …
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🚨 Are you building a network on
@eigenlayer
,
@babylon_chain
,
@solayer_labs
, or another restaking protocol? 🚨
Make sure your voice is heard in our Restaking Report 2.0, the developer report for shared security, by filling out this short survey. 👇
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Our talk from
@eigenlayer
's Restaking Summit just dropped. 🙇♀️
If you're building an appchain, watch this first. We explain how to lower your largest operating cost by building on shared security.
Key points below. 🧶
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1/2 - Introducing Finality Capital Partners and our involvement in Blizzard, Avalanche Blockchain’s ecosystem fund
#Avalanche
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BTC is massively underutilized today.
We're thrilled to support
@babylon_chain
as they develop BTC staking – a new primitive that allows BTC holders to earn yield and PoS chains to leverage the decentralization and economic security of BTC.
Here's what we love about it... 👇
1/ We couldn’t be more excited to announce the successful close of an $18 million funding round co-led by Polychain Capital (
@polychain
) and Hack VC (
@hack_vc
) for the Babylon
#Bitcoin
Staking Protocol!
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We love this
@eigenlayer
deep dive on the Bell Curve podcast:
Here are three ideas that stuck out to us on Ethereum enshrinement, validator stratification, and EigenDA. 👇
One of the deepest dives yet into
@eigenlayer
. Thanks to
@MikeIppolito_
and
@MylesOneil
for the highly insightful discussion!
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We'd been waiting for this for a little while now –
@eigenlayer
's first official long-form post on EigenDA:
🙌
Now that we know what EigenDA will offer, let's talk about which features set it apart from other DA solutions... 👇 (1/10)
Intro to EigenDA: Hyperscale DA for Rollups
This post represents our 1st public, long-form content about EigenDA - what it is, how it works, what benefits it offers to rollups. There's too much to summarize fully, so please read at the link below!
1/5
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Proud to invest in / support
@neonlabsorg
and EVM compatibility for
@solana
blockchain. More recognition that we will be living in Multichain universe (not world) with ETH in the center (for now)
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We’ve always seen the launch of
@eigenlayer
as blockchain’s
@awscloud
moment. That moment is here! It didn’t take long in 2006 for devs to grok the benefits of on-demand compute and it won’t take long for Web3 devs to grok the benefits of on-demand verifiable trust. Web3 parity
@eigenlayer
launches on mainnet today, taking the first steps towards our vision of building the verifiable digital commons!
-----------
Ethereum is the verifiable internet.
Rollup is the verifiable web server.
AVS is verifiable SaaS.
Eigenlayer is the verifiable cloud.
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早上好 to our Mandarin speaking friends 🌞. Now you can read our special report on the importance of restaking and
@eigenlayer
in Mandarin. 下载报告 👉
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Honesty is always a good policy but candor is not. Sometimes it’s just more harmful to share.
@octra
is combining Fully Homomorphic Encryption (FHE) and Web3 to increase adoption of decentralized apps through enhanced privacy and security. 🧩
@octra
is not the first on the
some news:
1/ octra has raised $4m in pre-seed funding, led by
@FinalityCap
and supported by
@BigBrainVC
, Karatage,
@presto_labs
,
@BuilderVC
and others.
2/ octra is releasing a public WASM sandbox to demonstrate the efficiency of hypergraphs in FHE:
(WIP)
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Why choose between speed or decentralization anymore when you can have both? ⚖️
Users and dApps can now rise 🛫 above these historical limitations while supporting Ethereum.
@rise_chain
is a based parallel EVM L2 rollup that will significantly improve dApp UX and liquidity by
1/ Introducing RISE, the Gigagas Layer 2!
We’re excited to announce our $3.2M seed round! The round is led by
@FinalityCap
and joined by
@OrangeDAOxyz
@DigiAssetFund
@ether_fi
@PolygonVentures
@MH_Ventures
and
@publicworksfm
as well as several notable angel investors.
This is
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Our 1st bet in the NFT space. We believe the incredible team at
@UNXD_NFT
has identified a unique segment of the market that carries incredible cultural relevance. We think they have a chance to build the new rails for luxury brands to connect with their customers.
1/
We’ve raised $4M to create the future of luxury and culture in the metaverse. We’re humbled to be joined by a slate of organizations & people we admire:
@AnimocaBrands
,
@0xPolygon
@PolygonStudios
,
@RED___DAO
, and other groups / private investors.
More:
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Everyone's excited about
@eigenlayer
's TVL, but what matters most is devs building solid projects on top of it. And they are.
@0xOthentic
makes it easy to build on shared security, paving the way for rapid
@eigenlayer
and
@babylon_chain
adoption. 🚀👇
1/ We’re thrilled to announce our seed funding led by
@FinalityCap
and
@BreyerCap
as we work towards facilitating the creation of innovation on
@eigenlayer
and
@babylon_chain
! 🏗️
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Decentralized databases (DDBs) are a crucial component of the web3 application stack, but most web3 apps still use centralized DBs.
🐙
@OpenledgerHQ
brings verifiable DDBs to web3, leveraging shared security to lower costs and maximize decentralization. Thrilled to support them!
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We believe in fully decentralized web apps. Recent events like Pavel Durov's arrest highlight why this matters more than ever. 🌐
@SpaceandTimeDB
has been building with this insight since 2022 and their partners such as
@Microsoft
@Azure
,
@chainlink
,
@googlecloud
,
@0xPolygon
We are thrilled to announce that Space and Time Labs has secured a $20M Series A, bringing our total funding to $50 million. 🚀⏳
SxT is empowering the community to own their future in an AI-powered world by providing the tools they need to build sophisticated, data-driven
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1/ We live in a world of scarcity of security.
@eigenlayer
changes this, giving builders a way to improve existing products and create new ones.
What would you build in a world with an abundance of security? 🌎
Lots of interesting ideas here, but two really stood out to us...👇
Ready to build the next unicorn? Introducing our newest research on The EigenLayer Universe 🌌 Explore 15 unicorn ideas 🦄 and what you can build with EigenLayer now!
Research Post:
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L2s are the new app framework. 🛠️
With EigenDA as critical infra and 100s of AVS providing necessary middleware,
@eigenlayer
is well positioned to be the verifiable cloud. ☁️
Together with based sequencing, the future of ETH is more united, more profitable, more secure, and
🚀 Breaking news: All Chains Fit on EigenDA!
------------
@eigen_da
mainnet is now processing 15+ MB/second (120Mbps), and we are posting ALL raw block data from 15+ chains simultaneously.
------------
L1s: Bitcoin, Ethereum, Solana, Celo, Celestia, Avalanche, BNB chain,
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We're thrilled to support
@0xHolonym
in their mission to shift ownership of online identities to users.
Holonym introduces Human Keys, a way to create keys from biometrics, so that data ownership is tied to a human rather than random keys. 👇🧵 (1/5)
1/ 🚀 Big news! Holonym Foundation has secured $5.5M in seed funding to advance global digital personhood through ✨Human Keys✨
Led by
@FinalityCap
&
@Papervc
and ...
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We believe Ethereum will be the hub of this digital economy.
Although we see Layer 1 as a winner-take-most market, apps will spill over to other EVM-compatible chains/rollups as the technology matures. That’s why we invested in
@monad_xyz
– 10k TPS + EVM compatibility. ⚡(3/23)
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RPC providers in web3 brag about 99.9% availability. In a month that's 43 mins of downtime during which apps are unusable. Devs deserve better. 🥺
Allow us to introduce you to "constant availability," a core part of
@lavanetxyz
's permissionless RPC network. Let's discuss. 🫴🗣️👇
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We're excited to be a founding member of the Shared Security Alliance which is furthering the adoption of decentralized SaaS as the foundation for better web3 apps. Catch us at the Symposium in Brussels on July 8th. 🫡
1/ Join us during EthCC at the Shared Security World Congress, featuring a Symposium and Hackathon.
The Shared Security Symposium will bring together researchers, builders, integrators, and others to advance the adoption of restaking.
Limited tix here 👉
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2 / 15
You can read all of our ideas in a special 26-page report at - we released it this past weekend at
@harvard_crypto
conference after
@sreeramkannan
’s keynote.
Don't worry, we'll summarize it here. 😅
Keep scrolling for the biggest takeaways. 👇
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ZK tech is at the crux of enabling scalable Web3 apps, but few devs have the ZK expertise needed to build these apps – there's a big bottleneck here. 🤔
The Lasso/Jolt work by
@srinathtv
,
@SuccinctJT
, and Riad from
@cubistdev
will make ZK development easier. Here's why ⚡️👇🏼
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2/4
The most significant risk Austin raised is counterparty risk -- USDe is exposed to this with its global exchange network.
However, it only requires a USD/ETH price feed, not US government permission, to exist.
That's a major win for crypto, DeFi, and global finance. 🙌
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15 / 15
Special thanks to those who helped review or contribute to :
@sreeramkannan
,
@cjliu49
(
@eigenlayer
)
@TedBreyer
(Breyer Capital)
@pbartstephens
(
@blockchaincap
)
@FigmentCapital
@rjdrost
@ViktorBunin
@MustafaYilham
(
@BixinVentures
)
🧠🙌👏🫶🤗
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1/ If you missed the recent
@cubistdev
x
@eigenlayer
announcement, it's worth double-clicking on its impact.
In short, this partnership makes both building and validating on EigenLayer easier, which helps foster greater decentralization. Here's how... 🧵
1/ Cubist is thrilled to announce a new partnership: we are working with EigenLabs to build anti-slashers that will help honest operators avoid getting slashed on
@eigenlayer
when participating in AVS validation tasks. 🧵
Learn about the collaboration:
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We're fully aligned with
@alignedlayer
's vision for a ZKP verification layer that:
1⃣ Decouples proof generation from verification
2⃣ Leverages Ethereum’s security via
@eigenlayer
3⃣ Anticipates rapid progress in ZK by embracing a proof-agnostic design
🟩 A Fully Aligned Round: $20M Series A Round🟩
Aligned Layer is pleased to announce a $20M fundraise led by Hack
@hack_vc
, with support from
@daofive
,
@l2iterative
,
@NomadCapital_io
,
@FinalityCap
,
@symbolicvc
,
@theta_bv
,
@J17Crypto
,
@EVG_Ventures
,
@decimafund
, GM Ventures,
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Congratulations
@eigenlayer
! The next big wave of innovation is about to be unleashed.
We are thrilled to announce the deployment of the Stage-1 EigenLayer protocol on Ethereum Mainnet!
This marks a significant milestone in our mission to create a permissionless environment for innovation.
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You’ve heard of rebootable blockchains. How about one that can stop security threats while the chain keeps running?
@UseFirewall
is the modular security layer for rollups that intercepts exploits before they're finalized. Today's day 1 out of stealth, so stay tuned for more 🔜
Introducing
@UseFirewall
() -
@sam___iamm
and I raised $3.7M co-led by
@NorthIslandVC
@BreyerCap
and
@hack_vc
to take smart contracts mainstream with programmable finality and proof-of-exploit consensus.
Firewall enhances a chain's consensus mechanism to
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3 / 15
All apps rely on other apps to deliver utility.💡 A typical Web2 SaaS app integrates with 15 other services.
According to Riad Wahby of
@cubistdev
, the average Web3 app only integrates with 3 to 5 - this number should probably be closer to 20.
1
2
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VC performances are benchmarked by “vintages” for a reason. 🥂
Innovations like MS Windows, AWS, and the iPhone/app store accelerate the pace of innovation. We think
@Commit_Boost
could have a similar impact on the pace of innovation.
@Commit_Boost
is an open-source project
1/ We are excited to share that Commit-Boost is headed towards audit and production! As an open-source, public good, this could not have been possible without many teams across the Ethereum Community. Thank you for all your time and effort! See below 👇
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Proud to support
@NovaNet_zkp
as they enable new use cases for verifiable, private compute by unlocking ZKP generation for edge devices. ⚡️
As a fully open network, NovaNet supports new proving schemes & max decentralization, setting it up to be the fastest, cheapest ZK network.
We're thrilled to announce $3m in funding to build the world's first incentive layer for zero knowledge proofs that run everywhere.
NovaNet enables local verifiable computation and privacy-preserving applications at scale.
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8 / 15
In exchange, protocols pay rewards to ETH validators that choose to restake.
Since ETH validators now have to put up less stake, they will require less APY from each new protocol.
No more $40B in annual security costs to additional trust networks for Web3 app parity. 🙌
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The launch of
@babylonlabs_io
last week, which makes BTC a “stakeable” asset, maxed out its cap in ~1 hour. ⏰
It’s up to
@satlayer
to make BTC “restakeable.” 🔄
Say ₿m to SatLayer!
The universal security layer powered by Bitcoin is announcing a $8M pre-seed round led by
@Hack_VC
@CastleIslandVC
w/support from
@FTI_DA
@OKX_Ventures
@mirana
& other awesome partners 🤝
SatLayer deposits kick off on August 22, 2024, 14:00 UTC, at
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How expensive? 💸
To match the security of Ethereum, a dApp with 15 middleware service integrations would require roughly $440B of staked capital and $40B of annual security costs across those integrations - here is an exhibit from our report:
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9 / 15
This new model should attract significant interest from developers to build new services that will make dApps more useful and realize the vision of Web3 to give ownership of data back to users.
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7 / 15
EigenLayer calls their shared security model “restaking” – validators restake their ETH to secure new protocols (more in our report).
No more $440B stake required for Web3 app parity. 👋
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4 / 15
Why such a big difference? 🤷♀️
In Web3, all dApps need to be decentralized which means building their own validator sets, and that’s expensive.
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11 / 15
In the long-run, the primary reason for holding ETH may be the opportunity to restake it. 💡
This represents a paradigm shift for ETH value accrual.
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13 / 15
Of course there are risks which we detail in our report ⚠️ :
- Smart contract risk
- Work token model risk (thanks
@viktorbunin
)
- Rehypothecation risk
- Malicious majority subset risk
- Underwriting risk
- Market risk
Share your concerns in the comments. ✍️
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About the authors...
From
@FinalityCap
:
@adam_winnick
@KamalMokeddem
@0xtangelo
@GrazCamata
From
@harvard_crypto
:
@5tephenXi
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1/4 📚 We took a deep-dive with some friends into
@markets_edx
. This high-profile project backed by
@paradigm
and
@citadel
has our attention for a few reasons...
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Look, we love TVL too. It's a valuable metric.
But we're gonna sleep like babies tonight knowing
@0xOthentic
is focused on making developer adoption something CT will be tweeting about soon.
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6 / 15
Shared security changes the game. 🀄️
While shared security is not a novel concept, EigenLayer is the first to implement this security model on Ethereum.
@eigenlayer
is a general-purpose marketplace for decentralized trust, which is built on Ethereum, the largest programmable decentralized trust network and unbundles the trust layer of Ethereum so components of the trust network can be reused for other purposes.
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1/3
Few truly understand how important
@k3_labs
will be to web3.
🏒 They're skating to where the puck is – a new paradigm for devs. Soon, apps will have 100s of decentralized middleware to choose from thanks to
@eigenlayer
@babylon_chain
@solayer_labs
...
Now that we're finally out of stealth and available on
#Eigenlayer
testnet we can formally thank our pre-seed lead investor
@FinalityCap
and our other major backers
@BlockchainFF
&
@Aztlan_Capital
! We couldn't have done it without you!
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We’re en route to
@EFDevconnect
✈️🇹🇷
Catch our talk, “Everyone Should be an AVS,” at the Restaking Summit to be Eigen-pilled by
@GraziellaCamata
Graziella Camata
@GraziellaCamata
, Investor at
@FinalityCap
will be speaking at the Restaking Summit by EigenLayer at Devconnect.
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12 / 15
With the collapse of SVB and others reinforcing crypto’s use case and the center of gravity post-Merge shifting back to Ethereum - we think this is an exciting time for ETH. 🔥
[Note: This is not investment advice. Please see our report for disclaimers and disclosures.]
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First, EigenDA fully decouples DA from consensus -- it won't be responsible for transaction ordering, a job better left to sequencers in a modular worldview. 🧩
This allows nodes to attest to data blobs in parallel, rather than serializing them, cutting out consensus lags.
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0
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10 / 15
This also presents an attractive opportunity for ETH holders - way more yield.
Restaking could generate an add'l $11B in annual revenue for ETH validators w/in 5 years - 4x more revenue than from simply staking ETH itself.
Play with our model at
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2
8
Shared security is unleashing the next wave of innovation in Web3 apps. That’s why we invested in
@EigenLayer
. 🔥
For more on restaking, see our previous thread: (6/23)
Do you want Web3 apps that surpass the utility of Web2 apps? 🤤
⚠️ You’ll need validators to stake $440B and protocols to pay $40B annually for security.
💡 Restaking with
@eigenlayer
solves this problem and makes holding ETH much more compelling.
Here's a 🧵 …
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3/4
So, what are your risk preferences?
Do you worry about US banks
a) seizing your deposits,
b) failing without a government backstop, or
c) not receiving a market-based yield?
If the answer is no, you probably don't need USDe. 🤷♂️
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Stoked to see Lava's alpha launch! 🌋⚡️
Serving as a decentralized marketplace of nodes that provide dapps with blockchain data, Lava is a critical piece of middleware that empowers devs to build a fully decentralized stack that's fast, reliable & secure.
Congrats
@lavanetxyz
❤️🔥
🚨 INTRODUCING: Lava SDK Alpha
- Fully peer-to-peer, with no middleman
- Open-source RPC & APIs
- Easy multi-chain setup
- Can provide access to any chain
Build, share your feedback and contribute!
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Like other DA layers (
@CelestiaOrg
&
@AvailProject
), EigenDA uses erasure coding for efficient storage & will scale horizontally w/ the number of nodes in the network.
But 2 optimizations set EigenDA apart from other DA options, allowing it to target 1GB/s throughput... ⚡️
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EigenLayer's end goal is to be enshrined in Ethereum. 🤯
If this happens, we could see Ethereum become more decentralized since EigenLayer introduces a way to explicitly value decentralization (services choose their validators and can favor/reward decentralization).
2/4
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When discussing
@VitalikButerin
's post around restaking risks, it's important to remember that there are two tier options for protocols building on
@eigenlayer
: permissioned and permissionless (as
@sreeramkannan
tweeted ). (1/4)
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EigenLayer significantly reduces the cost of security and simplifies validator network “provisioning”. This cost reduction and ease of provisioning is akin to what AWS did for Web2 in ‘06 ().
For builders, this changes the game. 👷⚒️ (7/23)
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Web3 will rebuild the Internet to shift value accrual away from tech oligarchs into the hands of users. ✊
Rebuilding these apps unlocks massive economic potential, which we think could approach the value of physical economies. (2/23)
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4/4
Final thought: it’s ok in our book to call projects like USDe stables. It's an umbrella term that covers several different types of coins -- why would they all need to have the same risk profile? 🤔
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4/10
Second, EigenDA sends data chunks directly to nodes via a "Disperser" instead of using a P2P network to transmit data among the nodes.
By cutting out latency from a gossip protocol, this novel design enables faster data commitment times compared to other DA systems.
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Anyone can buy the $EIGEN token now 🛍️. Want earned insights not widely held about
@eigenlayer
?
Closely follow
@0xOthentic
which makes it easier to build on
@eigenlayer
with its “AVS in a box” solution 📦. Othentic launched its Mainnet today with 30 projects and counting. 🔢
MAINNET LOADING…
▓▓▓▓▓▓▓▓▓▓▓▓ 100%
Othentic is now on Mainnet.
Accelerate open innovation, build your AVS 🏗️
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Since validating for hundreds of AVSs requires significant compute power, shared security may contribute to validator centralization.
💡 EigenDA helps mitigate this issue. AVSs should separate data from execution to keep compute load on validators as light as possible.
4/4
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The above design choices position
@alignedlayer
to be the cheapest and most robust verification layer for offchain compute and will further modularize the ZK stack to maximize flexibility for builders.
Proud to support
@fede_intern
,
@thisisrj
, and the entire aligned team. 🫡🟩✨
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4/ Preconfirmation protocols like
@lu_ban_
are building on
@Commit_Boost
to efficiently reach Ethereum validators at scale.
This lets
@lu_ban_
concentrate on delivering fast transaction experiences and reliability, while
@Commit_Boost
provides the essential infrastructure for
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We agree.
gm.
I'm excited to share my Middleware Thesis.
Why middleware will be the unexpected star of modular design, why vertical integration matters, and how it'll actually scale crypto to the proverbial next 1B consumers 👇
🧵 (1/21)
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The disperser model has its risks, though. It's susceptible to censorship / non-responsiveness. EigenDA suggests rollups maintain a second disperser as a fallback.
We hope a better solution emerges -- maybe a decentralized marketplace of dispersers (built as an AVS)? 🤔
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We expect a messaging layer to impact Web3 much like Java did the Internet.
Java’s novel cross-platform capability allowed devs to create web apps w/o worrying about the underlying OS, greatly simplifying development. The number of new Java packages grew exponentially:
(19/23)
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If you didn't think that restaking could get any more innovative, watch and learn:
@solayer_labs
is empowering dApps on Solana to directly tap SOL validators for economic security to prioritize their users’ transactions. Welcome to the world of “Endogenous AVSs.” ⚡️👋
We are
1/ hi again! excited to announce our $12M round led by
@polychain
to build the restaking network on Solana
126
230
1K
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Expect to see stratification of validators based on distinct needs of AVSs (services built on EigenLayer):
- those that require lightweight computation and want decentralization
- those that require heavyweight computation and want a smaller, more centralized validator set
3/4
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The average Web3 app today integrates w/ 5x fewer services than a Web2 SaaS app ().
There just aren’t enough middleware services in Web3. As a result, devs have to bootstrap capabilities that would normally be abstracted away by a third-party. 😮💨 (5/23)
3 / 15
All apps rely on other apps to deliver utility.💡 A typical Web2 SaaS app integrates with 15 other services.
According to Riad Wahby of
@cubistdev
, the average Web3 app only integrates with 3 to 5 - this number should probably be closer to 20.
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Major alpha leak coming to Singapore!!!!
📢 Speaker Announcement
We are thrilled to announce
@KamalMokeddem
, Managing Partner at
@FinalityCap
, as a
#Decompute2023
speaker 🎉
@FinalityCap
is a web3-focussed venture fund with 30+ investments including
@eigenlayer
,
@0xPolygon
,
@monad_xyz
among others. 📰✨
[1/2]
#MPC
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Who will benefit most? Expect to see a boom in new middleware services first. 💥
Companies like
@Chainlink
are well positioned here, but it’s also possible they're proving the market for countless new projects just as Craigslist did a decade ago (). (8/23)
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Which middleware services are we interested in? Everything that goes into making a usable Web3 app…
(9/23)
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We’re especially excited about ZK and how it enables off-chain compute. 💪
As ZK tech continues to improve and ML models need less and less computational power (e.g. Meta’s LLaMa), these technologies will converge to allow more ML to take place on decentralized networks. (16/23)
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4/ Projects using Holonym customize the conditions under which a bad actor's identity can be decrypted, w/ flexibility on the level of decentralization needed for decryption.
The network is built as an AVS on
@eigenlayer
, maximizing decentralization and lowering costs for users.
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Lastly, the messaging layer – “il capo di tutti capi” of middleware services. 🫡
A messaging layer is an abstraction layer that hides the complexity of building on top of various services. As more middleware pops up, this layer will be critical for app interoperability. (18/23)
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We’ve seen many DID projects surface to solve for KYC/AML needs. They will turn their eyes to ads, creating an identity marketplace to disrupt the $1T ad market with a direct and open alternative: users choosing who accesses their data & receiving a cut of the payment. 🤯 (12/23)
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AI & other services will trigger a flood of data to chains. 🌊
That’s why we’re investing in infrastructure that supports middleware, like MPC (check out
@MPCH_Labs
) & ZK, which will enable secure & efficient data processing. Expect their widespread use across services. (15/23)
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What if someone could offer an out-of-the-box AVS, similar to how the OP Stack makes it easy to deploy an optimistic rollup?
That's the problem Othentic tackles, and they’re doing it modularly, giving builders optionality at all levels of the stack, including shared security.
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CeFi meets DeFi to stream payments in crypto to builders of Web3 and inclusive financial infrastructure. We are proud to invest in and support
@sam_thapaliya
and his team at
@Zebec_HQ
- another great project building on
@solana
, a fast finality chain.
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But Ethereum is far from reaching the value of physical economies.
This won’t happen until the utility of Web3 apps reaches that of Web2 apps. How do we get there? 🤷 (4/23)
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6/10
A couple other design choices we love...
❤️ DA throughput can be reserved in advance, so rollups and their users can rest easy knowing they won't be wrecked by DA costs during high congestion.
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First up, the identity space. 👀
Today users have almost no control over their identity data, which is owned and sold by centralized entities.
In Web3, users own and control their identities and can use trusted attestors to selectively share verifiable credentials. (11/23)
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But these technologies are still nascent. Today most middleware services need to develop their own ZK libraries or MPC algorithms.
We see a future where ZK and MPC are provided as a service or through their own marketplaces. (17/23)
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This is a huge market. The winner of the messaging layer wars could have a token that rivals ETH as money. 💰
^ That’s for all you Ludwig von Mises fans out there (). (20/23)
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Excellent podcast w/
@SuccintJT
. Big takeaway: unlike other SNARKS, Lasso/Jolt exhibits economies of scale. Lookups only require a one-time pre-processing cost which is amortized the more a given lookup is repeated.
💡 Breaking circuits into bigger chunks = faster proving times.
Just published the latest ZK Study Club -
@SuccinctJT
hosts a session on Lasso and Jolt, moderated by
@apruden08
and with awesome questions from
@feministPLT
,
@rel_zeta_tech
,
@arantxazapico
& more
Subscribe on youtube for more study club videos!
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Everyone’s talking about AI, so let’s talk about AI. 🤖
💡 AI is a middleware service and will get integrated into everything, including other middleware services. (13/23)
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5/ That's the problem
@cubistdev
is solving for. 🕺🏻
Their key management platform allows for custom anti-slashing policies: a line of defense around validator keys that's applied across every client instance and can be tailored to a specific set of slashing conditions.
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5/ We can’t have self-sovereign control of our monetary assets without self-sovereign identity.
By giving web3 users the power to own, govern, and selectively share their data,
@0xHolonym
will be part of the solution to usher in the next trillion dollars of assets to web3. 🫡
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Congrats to the
@FedML_AI
team on their seed round! 🙌🏼
Their decentralized compute network promises to create a large economy and marketplace for ML compute, data, and open-source models. We’re honored to support them as they realize that vision. 🙇🏻♂️
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2/
@Commit_Boost
acts as a universal adapter for Ethereum validators to seamlessly integrate various proposer commitments such as preconfirmations.
💰It allows Ethereum validators to explore new commitment schemes for additional income streams and provides greater autonomy
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2/2 - Read the original Blizzard announcement here:
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7/ We can't wait to see how
@cubistdev
&
@eigenlayer
design these interfaces and hope to see collaboration across the EigenLayer community for defining anti-slashing policies.
What do you think will be the next innovation to make building and validating on EigenLayer easier? 🤔
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3/ Holonym balances privacy and compliance by giving users all the benefits of ZK identities while still allowing projects to comply with regulators when bad actors are involved. ⚖️
This addresses limitations of other privacy projects that have kept them from wider adoption.
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Let’s talk about three we’re most excited about:
1⃣ Identity
2⃣ AI
3⃣ Messaging layers
(10/23)
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So when do the killer apps that everyone’s looking for get here? 🤤 Our prediction is 24 mos.
Middleware services building on EigenLayer will reach big milestones over the next 12 mos. This in turn will attract new devs, who will need another 12 mos to build these apps. (22/23)
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