CoinFund

Last Friday, the U.S. Department of Commerce forced Anthropic to shut down Fable V for the entire world. One government, one decision, zero global access. Is this the definitive case for decentralized AI? Jake Brukhman (Coin Fund), Jesus Rodriguez (Sentora), and Haseeb Qureshi (Dragonfly) debate the hottest topic at the intersection of crypto and AI: whether frontier AI can and should be decentralized — or whether we're repeating the same mistakes as decentralized storage.What you'll hear: why the government hand-picked who gets access to Mythos (and it wasn't Anthropic's call), whether consumer GPU swarms can realistically compete with data centers, what's really happening with on-chain hacks in 2026, and Haseeb's most controversial take: the world's most powerful AI should be treated like a nuclear weapon, not a public good.No easy answers. No consensus. Just the most important debate of 2026.

Jake Brukhman

Founder

CoinFund

Jesus Rodriguez

CEO

Sentora

Haseeb Qureshi

Managing Partner

DragonflyDragonfly Capital

Across Protocol wants to retire its token in exchange for equity. Is the DAO model structurally broken? Thank you to our sponsor! Adaptive Security With Across Protocol proposing to retire its ACX token in favor of equity, a long-simmering question in crypto governance is finally breaking into the open: do token holders actually have meaningful ownership, or just the illusion of it?  As the regulatory environment under the new U.S. administration shifts dramatically from the Gensler era, the structures that crypto teams were forced to build may now be working against the very communities they were meant to serve.  Ryan Yi, founder of Onchain Group, and Felipe Montealegre, co-founder and CIO of Theia, have studied these incentive structures closely, and what they have found is uncomfortable. From PumpFun's suppressed valuation to the perverse incentives baked into token buyouts, this conversation examines whether the DAO model was ever built to last, and what governance actually needs to look like if crypto is going to compete with global finance. Guests: ⁠⁠⁠⁠Ryan Yi, Founder of Onchain Group ⁠⁠⁠⁠Felipe Montealegre, Co-Founder & Chief Investment Officer at Theia Links: Read our Aave deep dive here Learn more about your ad choices. Visit megaphone.fm/adchoices

Ryan Yi

Founder

OGOnchain GroupCoinFund

Felipe Montealegre

Researcher

TRThea ResearchTCThea CapitalCredoraTRTheia Research

How do stablecoin-first blockchains win distribution? Does TVL actually map to value? And why speculation may become the default language of online culture. In this 3-part episode, we explore three different important stories. Segment 1: CoinFund’s Seth Ginns explains how newly launched stablecoin chain Plasma aims to compete, plus why the “stablecoin race” with Circle and Stripe is just beginning. Segment 2: Solana Foundation president Lily Liu lays out why revenue—not TVL—should be crypto’s north-star metric, whether TVL can be easily gamed, and what a better DeFi metric stack looks like. Segment 3: Figment Capital’s James Parillo makes the case for Pump.fun and “AudienceFi”: how creator coins can financialize streaming, whether token collapses are a feature, and why both perps and memecoins rhyme with gambling. Thank you to our sponsors! TOKEN2049 - Get 15% off with code UNCHAINED Binance Guests: James Parillo, General Partner at Figment Capital Lily Liu, President of Solana Foundation Seth Ginns, Managing Partner and Head of Liquid Investments at CoinFund Learn more about your ad choices. Visit megaphone.fm/adchoices

Seth Ginns

Managing Partner

CoinFund

Lily Liu

Executive

NumeraiSolana FoundationEarn.com

James Parillo

Partner

Figment Capital

Base just crossed its own Rubicon. After months of saying “no token,” Jesse Pollak now says Base must decentralize and is “exploring” a token. What changed?  On this episode, Proof of Play’s ICO Beast and former Coinbase Ventures investor Ryan Yi unpack why “exploring” is the operative word, how policy (the Clarity Act) could shape the rollout, and what a points-driven airdrop might look like.  We dig into governance realism (what Coinbase will and won’t give up), token utility and valuation math, and how a Base↔Solana bridge could ignite a fight for DeFi liquidity while Solana keeps winning Gen-Z consumers. Mantle is pioneering "Blockchain for Banking" — a revolutionary new category at the intersection of TradFi and web3. Thank you to our sponsor Mantle! Follow Mantle to learn more. Guests:  Ico Beast, Merchant of Narratives at Proof of Play Ryan Yi, Ex Coinbase, Coinbase Ventures, and CoinFund Links: Unchained:  Base Starts to Explore a Native Token LayerZero Fought the Sybils and Airdropped Its Token. Did the Team Win? Why the War Over the USDH Ticker on Hyperliquid Is Bullish for Crypto Timestamps: 🎬 0:00 Intro 😲 1:32 Why Ryan says this step feels right but is also “shocking” 🧐 3:21 Why Base announced it was exploring a token rather than just launching one 🛠️ 5:19 How Ryan views Base’s decision to stay committed to Ethereum 📊 7:43 What Ryan thinks a fair token allocation would look like ⚖️ 13:43 How the Clarity Act could shape a Base token rollout 🎁 16:23 Will Coinbase distribute through an ICO, an airdrop, or something else? 📈 23:32 Why ICO Beast has a different take on the right allocation 🛡️ 26:10 Why sybil filters will be critical for Base 💡 27:50 What the Base token’s utility could be—and how to value it 🌉 37:24 What the announced Base ↔ Solana bridge could mean ⚔️ 42:08 Whether Ethereum and Solana are heading for a DeFi liquidity war 🔥 45:25 How competition across crypto companies is heating up Learn more about your ad choices. Visit megaphone.fm/adchoices

ICO Beast

Proof of Play

Ryan Yi

Founder

OGOnchain GroupCoinFund

DATs aren’t done. They may just be getting started.  In this episode, CoinFund’s Chris Perkins and Upexi’s Brian Rudick join Ram Ahluwalia and Steven Ehrlich to dissect why some DATs could outcompete ETFs for certain investors, the bullish accretion math behind premiums, and what makes a winning vehicle. We also dig into whether this is altcoin season or a head fake, why Galaxy’s tokenized-share move matters, and the one market unlock Perkins says could change everything. Use this episode to pressure-test your assumptions: are DATs “just banks,” or the best product-market-fit crypto has found for TradFi capital? Thank you to our sponsor ⁠Xapo Bank⁠! Xapo offers Bitcoin-backed loans of up to $1 million, so eligible members can access liquidity without selling their BTC.  Hosts: Ram Ahluwalia, CFA, CEO and Founder of Lumida Steve Ehrlich, Executive Editor at Unchained Guests: Christopher Perkins, Managing Partner and President of CoinFund Brian Rudick, Chief Strategy Officer at Upexi Links: DATs: How Crypto Treasury Companies Are Turning to DeFi and TradFi to Juice Yields How Michael Saylor Plans to Ensure Strategy Keeps Its Bitcoin Forever These 4 Crypto Treasury Companies Are Primed for a Price Crash Crypto Treasury Companies Are All the Rage. Could They Cause an Industry Collapse? Tokenization: Federal Reserve to hold conference discussing crypto stablecoins, tokenization, and AI GLXY tokenized stock Ondo Finance launched over 100 tokenized U.S. stocks and ETFs on Ethereum CZ-owned Trust Wallet launches tokenized stocks and ETFs Timestamps: 🎬 0:00 Intro ⏱  3:00 Are markets set for another September swoon? 📈 6:03 Why the bull case for DATs isn’t over 🏦 12:41 Why Brian says “DATs are banks” 💡 18:20 Are DATs better products than ETFs for investors? 🧮 21:00 How the math behind premiums shows DATs create value 🪙 28:01 Whether this is the time for altcoins to shine 🌍 35:10 Where macro is heading and what investors should watch 🚨 37:48 Why Galaxy’s tokenized-share move on Solana is such a big deal 🔑 49:25 What the key market unlock is for altcoins Learn more about your ad choices. Visit megaphone.fm/adchoices

Chris Perkins

President

CoinFund

Brian Rudick

Senior Strategist

UpexiGSR

Gm! This week, Seth Ginns, from CoinFund, and Cosmo Jian, of Pantera Capital, join Yano to dive into the funds’ mandates, the overall outlook of the market, whether narratives or fundamentals drive price, how DATs play a role in the investor ecosystem and why sometimes non-consensus trades pay off! -- Start your day with crypto news, analysis and data from Katherine Ross. Subscribe to the Empire newsletter: https://blockworks.co/newsletter/empire?utm_source=podcasts -- Follow Seth: https://x.com/sethginns Follow Cosmo: https://x.com/cosmo_jiang Follow Jason: https://x.com/JasonYanowitz Follow Empire: https://twitter.com/theempirepod -- Join the Empire Telegram: https://t.me/+CaCYvTOB4Eg1OWJh -- SKALE is the next evolution in Layer 1 blockchains with a gas-free invisible user experience, instant finality, high speed, and robust security. SKALE is built different as it allows for limitless scalability and has already saved its 50 Million users over $11 Billion in gas fees.  SKALE is high-performance and cost-effective, making it ideal for compute-intensive applications like AI, gaming, and consumer-facing dApps. Learn more at https://skale.space and stay up to date with the gas-free invisible blockchain on X at @skalenetwork -- Katana is a DeFi-first chain built for deep liquidity and high yield. No empty emissions, just real yield and sequencer fees routed back to DeFi users.  Pre-deposit now: Earn high APRs with Turtle Club [https://app.turtle.club/campaigns/katana] or spin the wheel with Katana Krates [https://app.katana.network/krates] -- Ledn is the leading platform for Bitcoin-backed loans, offering a secure and transparent way to unlock liquidity without selling your Bitcoin. Ledn has issued over $9 billion in loans since 2018 and has never lost a single satoshi of client assets, earning a reputation as the name you can trust in the crypto space. Visit https://www.ledn.io to learn more. – Chapters: (00:00) Intro (02:34) Liquid Funds (05:35) CoinFund’s Mandate (06:40) Pantera Capital’s Mandate (15:22) Portfolio Construction (20:17) Ads (Skale, Katana) (21:48) Token Picking Strategy (29:20) Narrative Driven Markets (35:42) Acquiring, Trading & Selling Tokens (50:25) Ads (Skale, Katana) (51:56) Investor Relations Advice For Founders (55:03) DATs Explored (01:12:29) Ads (LEDN) (01:13:39) Convergence (01:17:58) What Sectors Benefit Most From DATs — Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

Seth Ginns

Managing Partner

CoinFund

Cosmo Jiang

Portfolio Manager

Pantera Capital

The race to bring users onchain is heating up, but the competitors couldn’t be more different. Coinbase, a crypto-native giant with deep infrastructure and institutional partnerships, is going head-to-head with Robinhood, a retail-focused fintech now making aggressive moves into tokenized assets and blockchain rails. Their visions overlap (tokenized stocks, perpetuals, custom chains) but the strategies, philosophies, and user bases differ sharply. In this episode, Laura speaks with Diogenes Casares (Klyra Protocol) and Ryan Yi (ex-Coinbase Ventures, CoinFund) to unpack: How these two companies will compete What levers they have to increase their profits How Base became a liquidity black hole for Ethereum Why Coinbase may have already won the “flows” game And how stablecoins, social, and tokenization could decide the winner Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Bitwise Ledn Diogenes Casares, founder of Klyra Protocol and advisor at Patagon Management Ryan Yi, ex Coinbase, Coinbase Ventures, and CoinFund Unchained: Hyperliquid Reignited Interest in Crypto Perps. Can Coinbase and Robinhood Capitalize? Robinhood Is Building Its Own Layer 2 Blockchain Why the Arbitrum Stack Won in the Race to Support Robinhood Chain Why Perps Will 'Eat the World' + Tokenized Stocks - Bits + Bips Timestamps: 🎬 0:00 Intro 🏦 4:17 What really separates Coinbase and Robinhood’s strategies 🛠️ 6:43 How Robinhood’s new chain should try to compete with Base 🔥 14:49 Why the competition between Robinhood and Coinbase is heating up fast in the U.S. 🤔 16:44 Whether Robinhood can catch up to Base’s head start and network effects 🧱 23:48 Why both companies chose to build on Ethereum—and what that signals 📉 36:04 How launching perps in the U.S. could reshape the landscape for both companies 🎮 44:43 How social features and gamification could give one app an edge 🎯 51:31 Why Robinhood is already working with prediction markets and Coinbase isn’t 💰 55:40 How their product differences impact profits and positioning 🤝 1:05:11 Why Ryan believes Coinbase should’ve acquired Circle 🔌 1:10:48 Why Stripe might be eyeing a crypto integration 📊 1:13:57 How Base benefits with small-cap tokens 🚀 1:18:46 Why Ryan says we’re at a real inflection point for crypto Learn more about your ad choices. Visit megaphone.fm/adchoices

Diogenes Casares

Founder

Klyra Protocol

Ryan Yi

Founder

OGOnchain GroupCoinFund

Tariffs were back on the table, and then they weren’t. Last week, the Trump administration stunned markets with an announcement of sweeping new tariffs, including a 10% blanket rate and a 125% tariff on Chinese imports. But within days, most of those tariffs were put on a 90-day pause.  The result? A rollercoaster in equities, credit, and crypto… and plenty of questions about what’s really next. Seth Ginns, managing partner at CoinFund, is watching all of this closely. He says the data is flashing stress, but underneath, something else is building. In this episode, Seth breaks down: Why tariffs hit crypto harder than most investors expected The metrics that could signal the next macro moves and their impact on digital assets Why he’s still cautiously bullish, even amid volatility Whether an altcoin season is coming Why Bitcoin’s safe haven narrative might finally be tested Why the Trump administration’s policies, despite the turbulence, boost crypto Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! BitKey: Use code UNCHAINED for 20% off FalconX  Mantle  Guest Seth Ginns, Managing Partner at CoinFund Links Subscribe to our new crypto + macro newsletter! https://bitsandbips.beehiiv.com/subscribe Recent coverage of Unchained on the economy and tariffs:  Arthur Hayes on Why Tariffs Will Be Good for Bitcoin and Crypto Bits + Bips: Why a U.S. Recession May Be Coming — And Still Isn’t Priced In Bits + Bips: Trump’s Tariffs Are Causing Mayhem, But Will They Revive U.S. Manufacturing? Trump Tariffs Sink Crypto, BlackRock Pumps Bitcoin’s Bags Why Trump-Induced Stagflation Could Finally Make Bitcoin a Safe Haven In Market Crash, What Should You Buy? Crypto VCs Are Making These Bets Bitcoin Tops $83,000 as Tariff Pause Sends Markets Soaring Crypto Traders See Another $1B Liquidated Amid Tariff Turbulence  Timestamps: 👋 0:00 Intro 🔁 3:23 Why Trump reversed course on the sweeping tariff announcement 📉 6:33 How tariffs ripple through crypto harder than most expect 🔍 8:38 What CoinFund is watching in macro — and where the silver linings might be ⚖️ 13:48 Why Seth urges short-term caution but sees long-term tailwinds 🚀 16:14 Could altcoins actually run? Here’s how Seth defines a real “alt season” 🏦 19:13 Is this the moment Bitcoin becomes a true safe haven asset? 💰 21:56 Will new stimulus hinge on tariffs — or something else entirely? ✅ 25:11 Why Seth is surprisingly optimistic about Trump’s crypto policy so far 📰 28:27 News Recap Learn more about your ad choices. Visit megaphone.fm/adchoices

Seth Ginns

Managing Partner

CoinFund

In this episode, Urbit founder Curtis Yarvin presents a case for reimagining the internet from the ground up. Yarvin dissects the evolution of the internet from its decentralized origins to today's centralized "social databases," explaining how this shift has degraded online communities and compromised digital sovereignty. He introduces Urbit as a potential solution, detailing its unique approach to digital identity and personal servers. The conversation explores the challenges of centralization, the potential for "accountable monarchies" in digital governance, and how crypto could fundamentally alter the internet's course. Thanks for tuning in! - - Start your day with crypto news, analysis and data from Katherine Ross and David Canellis. Subscribe to the Empire newsletter: https://blockworks.co/newsletter/empire?utm_source=podcasts Follow Curtis: https://substack.com/@graymirror Follow Jake: https://x.com/jbrukh Follow Jason: https://twitter.com/JasonYanowitz Follow Santiago: https://twitter.com/santiagoroel Follow Empire: https://twitter.com/theempirepod Subscribe on YouTube: https://tinyurl.com/4fdhhb2j Subscribe on Apple: https://tinyurl.com/mv4frfv7ww Subscribe on Spotify: https://tinyurl.com/wbaypprw Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ - - The 6th edition of Meridian, a web3 conference hosted by the Stellar Development Foundation is happening in London, England October 15-17, 2024. Learn more and get your early-bird priced tickets now at meridian.stellar.org by using the code BLOCKWORKSPOD. - - Harpie sets the standard in on-chain security, actively monitoring and safeguarding your crypto wallet against theft in real time. It detects, blocks, and recovers stolen assets from risky transactions before they execute, shielding you from even the most advanced hacks and scams. Harpie is free to use and compatible with all Ethereum, Base, Polygon, and Arbitrum wallets. Protect your crypto today at harpie.io. - - Supra Containers are secured by Supra’s L1 nodes and get access to Supra’s 500k TPS throughput, sub-second consensus latency, and all their built-in services like oracle price feeds and onchain randomness without any overhead. Supra is also MultiVM compatible so you can easily deploy your EVM, Move, and SVM smart contracts here. Get all the freedom, control, and tools you need to build super dApps and bring the world onchain. To learn more, visit www.supra.com/blockworks - - Timestamps: 00:00 Intro 01:51 The Evolution of the Internet 08:22 Rise of Centralized Networks 12:15 Future of Decentralized Systems 30:45 Urbit & Blockchains 46:53 Stellar Ad 47:43 Supra Ad 48:39 Harpie Ad 49:32 What is Urbit? 01:15:54 Decentralized Identity and Personal Servers - - Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

Curtis Yarvin

Founder

Urbit

Jake Brukhman

Founder

CoinFund

This episode explores GeodNet, a DePIN project aiming to enhance GPS accuracy from meters to centimeters. Founder Mike Horton and investor Christopher Perkins discuss how GeodNet leverages blockchain to build a global network of satellite miners, providing high-precision location data for various industries. They delve into the project's tokenomics, potential use cases ranging from precision agriculture to autonomous vehicles, and the challenges of bridging Web2 and Web3 in infrastructure development. The conversation also touches on the future of DePIN projects and the importance of community building in the crypto space. Thanks for tuning in! - - Follow Christopher: https://x.com/perkinscr97 Follow Mike: https://x.com/mikeahorton Follow Jason: https://twitter.com/JasonYanowitz Follow Santiago: https://twitter.com/santiagoroel Follow Empire: https://twitter.com/theempirepod Subscribe on YouTube: https://tinyurl.com/4fdhhb2j Subscribe on Apple: https://tinyurl.com/mv4frfv7 Subscribe on Spotify: https://tinyurl.com/wbaypprw Start your day with crypto news, analysis and data from Katherine Ross and David Canellis. Subscribe to the Empire newsletter: https://blockworks.co/newsletter/empire?utm_source=podcasts Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ - - Arbitrum is a game-changer for daily Ethereum's users and developers, offering top applications and lower fees. As the leading scaling solution with 600+ apps, explore Arbitrum’s Portal to find your perfect fit. Interact with the home of DeFi, a flourishing NFT and creator ecosystem, and a rapidly growing Web3 gaming hub – Arbitrum has it all.  Get started at: portal.arbitrum.io  - - Polygon Labs is developing the next generation of open source zero-knowledge tech to aggregate crypto liquidity and user bases with the AggLayer. To support the aggregated future, the Polygon Community Grants Program was launched with 1 billion tokens — all for Polygon builders. Season One of the community grants program is live now, and features 35 million in MATIC to support the next generation of Polygon projects! Join the aggregated future today by applying at https://polygon.technology/grants - - Mantle recently launched their airdrop program "Rewards Station" to holders of its native token, $MNT. The Rewards Station program distributes pre-sale token allocations or listed token to $MNT holders who stake their $MNT. Check out the rewards station: https://www.mantle.xyz/rewards-station - - Marinade is the leading Solana staking service that spreads your stake across 100+ top validators, distributes MEV rewards, and provides automatic downside protection with new Protected Staking Rewards. Choose to liquid stake for mSOL for use in DeFi, or delegate your stake through Marinade Native, which gives you full custody of your SOL and no smart contract risk. Max performance for you, max performance for Solana. https://blckwrks.co/Marinade - - Timestamps: (00:00) Introduction (02:00) What is GEODNET? (10:07) Why Web3 & Not Web2 (15:24) Coinfund Investment Thesis (25:040 Adoption at Scale (33:51) Marinade Ad (34:56) Polygon Ad (36:05) Mantle Ad (36:54) Geodnet End Game (41:59) Market Demand (50:16) Future of DePin Valuation (55:58) Importance of Chain Selection - - Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

Mike Horton

Founder

GEODNET

Christopher Perkins

Investor

CoinFund

Jake Brukhman is the founder and CEO of CoinFund. In this episode, Brukhman explores the intersection of AI and blockchain technologies and their impact on consumers, and shares his thoughts on the saturation of the early-stage crypto VC market. OUTLINE 00:00 Introduction 01:33 CoinFund's Structure & Strategy 05:56 Early vs. Late Stage Crypto Venture 16:37 Crypto AI & DePIN 28:35 Crypto DePIN 32:51 Tokenomics & PMF 37:00 Interoperability Trends 41:14 Shifting LP Expectations 46:50 Closing Thoughts This episode is brought to you by our sponsor Polkadot Polkadot is the blockspace ecosystem for boundless innovation. To discover more head to polkadot.network The Block Community The Block is launching a new community experience for fans of The Scoop! Follow us on Lens on stay in the loop: hey.xyz/u/theblockcommunity The Block Newsletters The Block's newsletters bring you the latest news and analysis of the fast-moving crypto and DeFi markets. To subscribe, visit theblock.co/newsletters

Jake Brukhman

Founder

CoinFund

In this episode, Jason sits down with Jake Brukhman and Seth Ginns, co-founders and managing partners at CoinFund. They dive deep into CoinFund's origin story, investment philosophy, and how the firm navigates the complex landscape of liquid and venture investing in the crypto space. Jake and Seth share their insights on the current crypto market cycle, drawing comparisons to previous cycles and discussing potential scenarios for how this one may unfold differently. They explore the intersection of AI and crypto, with Jake highlighting the importance of decentralization and democratization in the development of AI to avoid dangerous centralized control by a few big tech companies. Stay tuned for all of this and much more! - - Follow Jake: https://twitter.com/jbrukh Follow Seth: https://twitter.com/sethginns Follow Jason: https://twitter.com/JasonYanowitz Follow Santiago: https://twitter.com/santiagoroel Follow Empire: https://twitter.com/theempirepod Subscribe on YouTube: https://tinyurl.com/4fdhhb2j Subscribe on Apple: https://tinyurl.com/mv4frfv7 Subscribe on Spotify: https://tinyurl.com/wbaypprw Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ - - Monad is a fully EVM compatible Layer 1 blockchain that can support 10,000 real transactions per second. Monad aims to open up the design space for the EVM to support high fidelity defi, consumer facing applications, and more generally allow crypto to scale to the masses. If you are interested in participating in Monad's journey, follow: https://twitter.com/monad_xyz and join: https://discord.gg/monad - - Marinade is the leading Solana staking service that spreads your stake across 100+ top validators, distributes MEV rewards, and provides automatic downside protection with new Protected Staking Rewards. Choose to liquid stake for mSOL for use in DeFi, or delegate your stake through Marinade Native, which gives you full custody of your SOL and no smart contract risk. Max performance for you, max performance for Solana. https://blckwrks.co/Marinade - - Timestamps: (00:00) Introduction (01:50) CoinFund Origin Story (12:53) Web2 vs Crypto Venture (27:28) Liquid Investing (36:00) Determining Valuations (44:54) Monad Ad (45:53) Marinade Ad (47:00) Opportunity in Interop (55:32) Market Cycles (01:11:16) Crypto & AI Thesis - - Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

Jake Brukhman

Founder

CoinFund

Seth Ginns

Managing Partner

CoinFund

Chris Perkins has a fascinating background as a marine who was shot at in Iraq, was at Lehman bros when it all came crashing down, was a Citigroup trying to pick up the piece of the financial crisis where he first ran across Gary Gensler, and now he’s in crypto. We talk about all that, but that’s not even the main event. The Main Event is Ether the asset and a new reference rate he’s building on top of it. This sounds in the weeds but it’s actually actually key to unlocking trillions in new financial products. You might call this new rate the Libor for ETH.  ------ 🏹 USE PODCAST24 FOR 10% OFF https://bankless.cc/Citizen2024  ------ 🎧 Listen On Your Favorite Podcast Player:  https://bankless.cc/Podcast  ------ BANKLESS SPONSOR TOOLS: 🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠   🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo    🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku    🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle    💸 CRYPTO TAX CALCULATOR | USE CODE BANK30 https://bankless.cc/CTC  ⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 🦄 UNISWAP | Swap Smarter https://bankless.cc/uniswap  ------ TIMESTAMPS 00:00:00 Start 00:11:33 Intro to Chris 00:13:17 From Banks To Crypto 00:16:27 Hostility Towards Crypto 00:19:16 National Security 00:25:23 Takes on Regulation 00:31:12 TradFi Response To Crypto 00:33:58 ETH ETF 00:37:24 Libor for ETH? 00:42:43 Libor Recap 00:45:35 How Was Libor Corrupted? 00:53:21 ETH Reference Rate 01:04:13 Risk Free Rate 01:10:08 Real vs Nominal Returns 01:21:51 DeFi Applications 01:26:01 Market Size 01:33:17 Going Forward ------ RESOURCES CESR home page:  https://www.coindesk.com/indices/ether/cesr  CESR methodology document:  https://coinfund.io/cesr/  CESR Tearsheet: https://downloads.coindesk.com/cd3/CDI/CESR+Fact+Sheet.pdf  More Reading: https://www.coindesk.com/consensus-magazine/2023/09/26/how-staking-rates-can-drive-the-crypto-economy-forward/  https://www.coindesk.com/business/2023/09/27/five-reasons-why-the-world-needs-a-standardized-ethereum-staking-rate/  https://www.risk.net/derivatives/7957405/new-hope-for-crypto-derivatives-as-markets-urged-to-hail-cesr  ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠

Chris Perkins

President

CoinFund

This week on Chain Reaction, Jacquelyn interviewed David Pakman, managing partner and head of venture investments at CoinFund. Before CoinFund, David spent 14 years at the venture capital firm Venrock. He also led the Series A and B rounds at Dollar Shave Club which was acquired by Unilever for $1 billion. And in 1991, David co-created Apple Music when he was a part of Apple’s system software product marketing group We discussed the state of the crypto VC environment, areas he’s focusing on for investments and what he thinks investors are missing.  We also talked about:  AI compared to crypto Future of NFTs Regulatory impact on investors 2024 outlook Advice for startups Chain Reaction comes out every Thursday at 12:00 p.m. ET, so be sure to subscribe to us on Apple Podcasts, Spotify  or your favorite pod platform to keep up with the action. Connect with us: Twitter TikTok Newsletter Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products. Learn more about your ad choices. Visit megaphone.fm/adchoices

David Pakman

Partner

VenrockCoinFund

Alex Felix is the Chief Investment Officer at CoinFund. Back in July, CoinFund announced the raise of $158 million for a new early-stage crypto startup investment fund.  In this episode, Felix explains how his firm is thinking about allocating the capital, and breaks down the institutional interest in early-stage crypto investing. According to Felix, the market is still discounting web'3 full potential: "Almost everyone universally has under-appreciated, the size of the market opportunity for web3. It's open source, it's open competition — when we make this transition to web3 rails, it will be very hard to compete against for any web2 or other business model." This episode is brought to you by our sponsor, PayPal. Make your crypto move with PayPal. Get started today at PayPal.com/crypto

Alex Felix

Chief Investment Officer

CoinFund

CoinFund’s Jake Brukhman and Chris Perkins join Unchained to dissect their recent $158 million seed round and the transformation of the investment landscape following the 2022 crypto carnage. As backers of Worldcoin, they confront criticisms about the project's approach of distributing money to individuals who may not fully comprehend the underlying technology. They also delve into why the Coinbase lawsuit could potentially boost the industry, share their perspectives on current crypto legislation, and explore the intersection of AI and crypto. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Show highlights: how the fundraising crypto environment changed this past year after the 2022 carnage what the impact of FTX’s alleged fraud has been  why Chris and Jake believe that the SEC’s lawsuit against Coinbase is bullish for the industry why Jake believes there's no massive consumer application in web3 yet how institutions have been building during the bear market whether Worldcoin solves the sybil resistance problem in crypto and whether it could become more decentralized than Bitcoin Jake's response to the criticism surrounding the centralization and privacy issues in Worldcoin the ethical implications of giving free money to people who may not fully understand how their biometric data is being used what the Composite Ether Staking Rate (CESR) is and what are its two main applications how the foundational web3 + AI intersection is happening in the compute area why Chris believes that the crypto market structure bill is not perfect whether creating proper stablecoin legislation is a very important opportunity for the US how DeFi should be regulated to ensure that privacy gets protected Thank you to our sponsors! Crypto.com Arbitrum Foundation TOKEN2049 Guests: Chris Perkins, President of CoinFund Jake Brukhman, Founder and CEO of CoinFund Links Unchained:  Worldcoin Launches Token on Mainnet, Plans to Deploy 1,500 Eyeball Scanning Orbs Is Sam Altman's Worldcoin the End of People's Privacy? CoinDesk:  Worldcoin Could Enable Wider Distribution of Crypto Than Even Bitcoin, Says CoinFund,  Worldcoin Releases Tokenomics, Report Geofenced for Some Countries   The Block: What exactly is CoinFund's new Composite Ethereum Staking Rate What do I think about biometric proof of personhood? By Vitalik Buterin CoinDesk Indices and CoinFund Announce CESR, the Benchmark Rate for Staking on Ethereum CoinFund Reinforces Commitment to Web3 Technology with the Close of $158M Seed IV Fund Learn more about your ad choices. Visit megaphone.fm/adchoices

Jake Brukhman

Founder

CoinFund

Chris Perkins

President

CoinFund

Ethereum's transition to proof of stake brought significant changes to the network, including a more predictable yield for investors. Unlike proof of work, which relies on miners to validate transactions and secure the network, proof of stake involves validators holding a stake in the network and earning yield in ether for their support. CoinFund, a crypto investment firm, is attempting to standardize the yield model to create a new benchmark yield rate for Web3. In this episode, CoinFund President Chris Perkins explains how CoinFund's new Composite Ethereum Staking Rate ('CESR') aims to provide investors with a clear and comparable metric that can serve as the foundation for new financial products for the crypto space such as basis swaps and the development of a forward curve tied to Ethereum's interest rate. This episode is brought to you by our sponsor CleanSpark. About CleanSpark CleanSpark (NASDAQ: CLSK) is America’s Bitcoin Miner™. Visit cleanspark.com/theblock to learn more about the CleanSpark way.

Chris Perkins

President

CoinFund

In this venture-focused segment of The Scoop, veteran crypto VCs Meltem Demirors and Vanessa Grellet unpack the trends shaping crypto's venture landscape in 2023. According to Demirors, crypto companies must follow the flow of funds: "The name of the game is 'interchange,'" Demirors said. "The closer you migrate to where the actual interchange happens, the more likely you are to earn consistent revenues, which then results in you being able to raise capital." Although crypto venture funding hit a two-year low last quarter amidst the chaos caused by FTX's collapse, Grellet is seeing "a lot of excitement in the early stage," with infrastructure and scaling plays among the most popular with investors.  This episode is brought to you by our sponsors Circle, Railgun, Flare Network, NordVPN About Circle Circle is a global financial technology company helping money move at internet speed. Our mission is to raise global economic prosperity through the frictionless exchange of value. Visit Circle.com to learn more. About Railgun RAILGUN is a private DeFi solution on Ethereum, BSC, Arbitrum, and Polygon. Shield any ERC-20 token and any NFT into a Private Balance and let RAILGUN’s Zero-Knowledge cryptography encrypt your address, balance, and transaction history. You can also bring privacy to your project with RAILGUN SDK and be sure to check out RAILGUN with partner project Railway Wallet, also available on iOS and Android. Visit Railgun.org to find out more. About Flare Flare is an EVM-based Layer 1 blockchain designed to allow developers to build applications that can use data from other blockchains and the internet. By providing decentralized access to a wide variety of high-integrity data from other blockchains and the internet, Flare enables new use cases and monetization models. Build better and connect everything at Flare.Network About NordVPN NordVPN is essential for keeping crypto transactions secure, hiding your IP address, and protecting your devices from hackers and data theft. Get premium cyber-security on up to 6 devices for the price of a cup of coffee a month. Get your exclusive NordVPN Deal and try it risk-free now with a 30-day money-back guarantee: Visit https://nordvpn.com/thescoop

Meltem Demirors

Chief Strategy Officer

CoinSharesDigital Currency Group

Vanessa Grellet

Managing Partner

Aglaé VenturesCoinFund

Web3 investment firm CoinFund recently launched a $300 million fund targeting early-stage crypto and web3 startups. In this episode of The Scoop, CoinFund Managing Partner David Pakman shares how this fund fits into CoinFund’s broader investment thesis for crypto and web3, including why the fund is specifically targeting early-stage startups. The new fund is intended for new crypto startups already showing signs of success. As Pakman explains, “We saw a lot of seed-stage companies graduating to have real progress and we wanted to invest in that stage too, so we raised a fund purposefully to invest at the Series A, maybe Series B stage of crypto projects that are showing some traction.” While CoinFund is also looking to raise an additional $250 million fund specifically for seed-stage investments, Pakman says the early-stage investments typically see the most value creation: “A company is showing a little bit of progress, they may be showing some evidence of product market fit, and they're going to raise — not growth capital yet — but, you know, ten to fifteen million dollars… the steepest part of the value creation can happen just after that moment.” Episode 117 of Season 4 of The Scoop was recorded live with The Block's Frank Chaparro and CoinFund Managing Partner David Pakman. Listen below, and subscribe to The Scoop on Apple, Spotify, Google Podcasts, Stitcher or wherever you listen to podcasts. Email feedback and revision requests can be sent to podcast@theblockcrypto.com. This episode is brought to you by our sponsors Tron, Ledn About Tron Founded in 2013, Huobi Global is one of the largest virtual asset exchanges in the world. Huobi Global serves millions of users across international markets. Since its establishment, Huobi Global has committed to providing first class virtual asset investment services. Huobi Global's robust infrastructure, product innovation and capital strength provides a truly customer-centric and secure trading environment to help our international users to achieve their investment objectives. Please refer to Huobi's official website for more information: huobi.com. About Ledn Ledn was founded on the unshakeable conviction that digital assets have the power to democratize access to the global economy. We help you to experience the real life benefits of your Bitcoin without having to sell it. Start a savings account, take out a loan, or double your Bitcoin. For more information visit Ledn.io

David Pakman

Partner

VenrockCoinFund

In this venture capital-focused segment of The Scoop, CoinShare Chief Strategy Officer Meltem Demirors and Aglaé Ventures Managing Partner Vanessa Grellet explain which crypto verticals are oversaturated, and examine how market dynamics have changed since last year. Although the crypto industry has experienced many boom-and-bust cycles before, Demirors says “2021 will be one of the worst years for crypto venture returns.” Demirors explains that one of the reasons for this is a mismatch in block space supply and demand that was created during the proliferation of competing Layer 1 blockchains last year: “We're seeing that now with all of these overfunded L1s — there's just more block space than there is demand for block space.”Instead of mimicking existing successful projects, Grellet suggests that up-and-coming crypto projects should identify how they plan to differentiate themselves early on: “The question is, if you are a new platform coming into space or a new marketplace, what is distinctive that you bring that will allow for the end user to come to your platform rather than going to the existing incumbents?” Episode 115 of Season 4 of The Scoop was recorded live with The Block's Frank Chaparro, CoinShares CSO Meltem Demirors, and Aglaé Ventures' Managing Partner Vanessa Grellet. Listen below, and subscribe to The Scoop on Apple, Spotify, Google Podcasts, Stitcher or wherever you listen to podcasts. Email feedback and revision requests can be sent to podcast@theblockcrypto.com. This episode is brought to you by our sponsors Tron, Ledn, Athletic Greens About Tron TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized web3 services boasting over 100 million monthly active users. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. | TRONDAO | Twitter | Discord | About Ledn Ledn was founded on the unshakeable conviction that digital assets have the power to democratize access to the global economy. We help you to experience the real life benefits of your Bitcoin without having to sell it. Start a savings account, take out a loan, or double your Bitcoin. For more information visit Ledn.io About Athletic Greens Build a Foundation for Better Health. It’s time to reclaim your health and arm your immune system with convenient, daily nutrition! Fill nutrient gaps, promote gut health, and support whole-body vitality with AG1. One daily serving delivers a potent blend of 9 health products—a multivitamin, minerals, probiotics, adaptogens and more—working together to help you feel like your healthiest self. For more information visit AthleticGreens.com/Scoop

Meltem Demirors

Chief Strategy Officer

CoinSharesDigital Currency Group

Vanessa Grellet

Managing Partner

Aglaé VenturesCoinFund

Last year’s bull market exuberance is a distant memory, as are the wildly inflated crypto funding rounds that attracted an unprecedented amount of venture capital to the space. In this episode of The Scoop, CoinShare’s Chief Strategy Officer Meltem Demirors and Aglaé Ventures Managing Partner Vanessa Grellet unpack how the crypto VC landscape has changed since last year’s bull market, and particularly why venture capitalists are becoming more reluctant to invest in early token rounds. As Demirors explains, savvy investors are realizing the token model is not always the best way to capture value: “There's now consideration of the fact that tokens, in particular governance tokens, are not necessarily the best way to capture value creation… an investor who's willing to write really large checks is going to have some fundamental questions around monetization that doesn't just rely on ‘number-go-up’ tokenomics.” According to Grellet, regulatory concerns — particularly regarding some token models’ similarity to unregistered securities — are another reason tokens are not as attractive to investors these days. While hesitancy regarding seed-stage token rounds is becoming more widespread, Grellet believes there is still interest in tokens if they make sense as part of larger equity investments: “We see a lot of investors being comfortable with both the equity and a token option so that if the main company has one project, but also has several other projects that warrant tokens, then you can have upside in the ongoing life of the company.” Episode 89 of Season 4 of The Scoop was recorded live with The Block's Frank Chaparro, CoinShares CSO Meltem Demirors, and Aglaé Ventures' Managing Partner Vanessa Grellet. Listen below, and subscribe to The Scoop on Apple, Spotify, Google Podcasts, Stitcher or wherever you listen to podcasts. Email feedback and revision requests to podcast@theblockcrypto.com. This episode is brought to you by our sponsors Tron, Chainalysis & IWC Schaffhausen About Tron TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. | TRONDAO | Twitter | Discord | About Chainalysis Chainalysis is the leading blockchain data platform. We provide data, software, services, and research to government agencies, exchanges, financial institutions, and insurance and cybersecurity companies in over 60 countries. Backed by Accel, Addition, Benchmark, Coatue, Paradigm, Ribbit, and other leading firms in venture capital, Chainalysis builds trust in blockchains to promote more financial freedom with less risk. For more information, visit www.chainalysis.com. About IWC Schaffhausen IWC Schaffhausen is a Swiss luxury watch manufacturer based in Schaffhausen, Switzerland. Known for its unique engineering approach to watchmaking, IWC combines the best of human craftsmanship and creativity with cutting-edge technology and processes. With collections like the Portugieser and the Pilot’s Watches, the brand covers the whole spectrum from elegant timepieces to sports watches. For more information, visit IWC.com.

Meltem Demirors

Chief Strategy Officer

CoinSharesDigital Currency Group

Vanessa Grellet

Managing Partner

Aglaé VenturesCoinFund

In this episode of Empire, Jason and Santi are joined by Jake Brukhman, the founder and CEO of CoinFund, to explore the concept of crypto as a public good. We discuss: -- How crypto is a public good, and why that's important -- How public goods can monetize and accrue value -- How crypto will democratize public goods funding Tune in for these answers and more! - - Timestamps (00:00) Introduction (02:23) Defining Crypto's Value Proposition (07:17) Private vs Public vs Common Goods (13:59) Can Public Goods Accrue Value? (28:41) The Tragedy Of The Commons  (32:35) What Crypto Skeptics Get Wrong (38:32) Why Users Will Want Decentralized Networks (41:50) A New Business Model To Fund Public Goods (50:03) Rapid Fire Questions - - Follow Jake: https://twitter.com/jbrukh  Follow Jason: https://twitter.com/JasonYanowitz Follow Santi: https://twitter.com/santiagoroel Follow Empire: https://twitter.com/theempirepod Subscribe on YouTube: https://tinyurl.com/4fdhhb2j Subscribe on Apple: https://tinyurl.com/mv4frfv7 Subscribe on Spotify: https://tinyurl.com/wbaypprw -- The Network State by Balaji https://thenetworkstate.com/ -- Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ -- Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

Jake Brukhman

Founder

CoinFund

Founded in 2015, crypto-native VC firm CoinFund has spent the past year bolstering its leadership with talent from the world of traditional finance, including Chris Perkins — a former executive at Citigroup — and Christopher Giancarlo, the former CFTC chair. CoinFund’s hiring of Chris Perkins as the firm’s new President is part of a larger exodus of talent from Citi towards digital asset companies, as reported by The Block. In this episode of The Scoop, CoinFund’s President Chris Perkins and CEO Jake Brukhman break down the recent personnel updates at CoinFund, and explain why the combination of crypto-natives and experienced executives from traditional finance are key to pushing blockchain technology to the point of mass adoption. While Brukhman and Perkins believe outsiders from traditional finance can help crypto projects scale, that is not to say that all crypto projects are eager for VC firms to get involved. As Perkins mentioned during the interview: “Crypto is all about community, and you really have to work to navigate that community to understand the founders and to help them grow.” While the crypto community can be nuanced compared to the world of traditional finance, Perkins believes the allure of working with the burgeoning digital asset industry is strong enough to continue to draw in talent: “We're effectively in the process of giving birth to a brand new asset class. And it's just so incredibly exciting being a pioneer, being on the cutting edge. For those of us who are wired like that, it's kind of obvious why you'd want to transition into this space.” Episode 36 of Season 4 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Senior Fintech Reporter Lucy Harley-McKeown, and Chris Perkins, President and Jake Brukhman, CEO & Founder of CoinFund. Listen below, and subscribe to The Scoop on Apple, Spotify, Google Podcasts, Stitcher or wherever you listen to podcasts. Email feedback and revision requests to podcast@theblockcrypto.com. This episode is brought to you by our sponsors Fireblocks, Coinbase Prime & Cross River Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks enables exchanges, lending desks, custodians, banks, trading desks, and hedge funds to securely scale digital asset operations through the Fireblocks Network and MPC-based Wallet Infrastructure. Fireblocks serves over 725 financial institutions, has secured the transfer of over $1.5 trillion in digital assets, and has a unique insurance policy that covers assets in storage & transit. For more information, please visit www.fireblocks.com. About Coinbase Prime Coinbase Prime is an integrated solution that provides institutional investors with an advanced trading platform, secure custody, and prime services to manage all their crypto assets in one place. Coinbase Prime fully integrates crypto trading and custody on a single platform, and gives clients the best all-in pricing in their network using their proprietary Smart Order Router and algorithmic execution. For more information, visit www.coinbase.com/prime. About Cross River Cross River is powering today’s most innovative crypto companies, with banking and payments solutions you can rely on, including fiat on/off ramp solutions. Whether you are a crypto exchange, NFT marketplace, or wallet, Cross River’s API-based, all-in-one platform enables banking as a service, ACH & wire transfers, push-to-card disbursements, real-time payments, and virtual accounts and subledgers. Request your fiat on/off ramp solution now at crossriver.com/crypto.

Chris Perkins

President

CoinFund

Jake Brukhman

Founder

CoinFund

Chris Perkins, president of CoinFund, a web3 investment firm, discusses his experience at the Crypto Bahamas conference before diving into an FTX.US proposal that would allow for direct trading of crypto derivatives in the US – which appears to be rocking the boat of certain regulators in D.C. Show topics: Chris’s two biggest takeaways from his Crypto Bahamas experience how Chris’s experience at Lehman Brothers and Citi prepared him for crypto  what issues arise via the plumbing of traditional financial markets why centralized intermediaries make derivatives trading efficient what FTX.US is proposing and how it could be a boon for retail traders how crypto settlement would work compared to the current batch trading method why the acquisition of LedgerX enabled FTX.US to make this proposal what license FTX.US feels like it no longer needs since it can settle derivative transactions on a blockchain whether FTX.US would expand to other derivatives and what that might do to an entity like CME what Chris is listening for in the CFTC’s public discussion surrounding FTX.US’s proposal  whether FTX.US’s proposal will be a partisan issue Thank you to our sponsors! Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021      Coinchange: https://coinchange.io    OnJuno: https://onjuno.com/  Galaxis: https://galaxis.xyz/    Episode Links   Chris Perkins LinkedIn:  ​​https://www.linkedin.com/in/christopher-perkins-092569a/ Twitter:  https://twitter.com/perkinscr97  CoinFund:  ​​https://twitter.com/coinfund_io    Coverage of the FTX.US Proposal Bloomberg: https://www.bloomberg.com/news/articles/2022-04-21/crypto-billionaire-rankles-wall-street-with-futures-trading-plan?sref=m9L277rN  Forbes: https://www.forbes.com/sites/jasonbrett/2022/04/27/the-ftx-us-proposal-that-shook-congress-and-the-crypto-derivatives-world/ The Block: https://www.theblockcrypto.com/linked/143792/as-it-weighs-ftx-proposal-cftc-announces-a-roundtable-on-disintermediation  https://www.theblockcrypto.com/post/137304/cftc-opens-up-ftx-uss-derivatives-trading-model-to-public-comment  https://www.theblockcrypto.com/linked/140026/ftx-derivatives-proposal-takes-center-stage-at-congressional-hearing-with-cftc-chairman  CoinDesk https://www.coindesk.com/business/2022/03/10/ftxus-derivatives-unit-seeks-cftc-amendment-to-clear-margin-trades-directly-for-customers/ https://www.coindesk.com/video/recent-videos/ftx-us-to-meet-with-cftc-regarding-derivatives-trades/  Public comment:  https://www.theblockcrypto.com/post/137304/cftc-opens-up-ftx-uss-derivatives-trading-model-to-public-comment May roundtable:  https://www.cftc.gov/PressRoom/PressReleases/8519-22 https://www.coindesk.com/policy/2022/04/19/ftx-plan-said-to-face-cftc-roundtable-next-month/ https://www.theblockcrypto.com/linked/143792/as-it-weighs-ftx-proposal-cftc-announces-a-roundtable-on-disintermediation CME opposition to proposal:  ​​https://www.marketsmedia.com/cme-to-oppose-ftx-clearing-proposal/   Unchained Coverage of FTX.US and LedgerX 2021: https://unchainedpodcast.com/why-the-ftx-us-ledgerx-deal-indicates-crypto-ma-might-start-booming/  2019: https://unchainedpodcast.com/ledgerx-on-the-reasons-to-trade-bitcoin-options/  Learn more about your ad choices. Visit megaphone.fm/adchoices

Chris Perkins

President

CoinFund

David is a CS major who worked in Apple’s music group in the 90s and went on to become CEO of eMusic in the aughts.  At Venrock, David invested in early-stage crypto, consumer, and enterprise tech companies. He was early to crypto as a node maintainer on the Bitcoin blockchain and an Ethereum miner, setting up a rig in his basement several years ago. At CoinFund, he focuses on early- and growth-stage crypto and blockchain companies and technologies like Upshot, a platform for crowdsourced NFT appraisals, and Rarible, a digital art NFT platform. ICYMI: Listen to our episode Web3 won’t save us. This week’s Lifeboat badge goes to user M-M for their answer to Find the area of an n-interesting polygon. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

David Pakman

Partner

VenrockCoinFund

Crypto venture investing is heating up.  In 2021, VCs poured $3.18 billion into crypto startups in Q1 2021, an increase from $1.1 billion in Q1 2020.  On this episode of The Scoop, Vanessa Grellet, CoinFund’s newly joined Head of Portfolio Growth, joins the show for a discussion on the current state of the crypto venture capital market. “If you compare the deal flow of crypto compared to private equity and hedge funds and the general space, it's still small. And I think there's a few cycles right now. We see the products getting product markets, trade and adoption with consumers. So you see a big deal flow of the more mature series coming up and institutional investors really getting interested here. And then innovation continues at a very rapid pace in the space,” she told The Scoop's Frank Chaparro. Grellet, who previously led strategic initiatives for Ethereum at Consensys, also walked us through some of the investment opportunities CoinFund is eyeing. She touched specifically on NFTs and the metaverse — referring to a convergence of physical and digital lives in a digital space. Grellet is bullish that certain groups will begin spending more time in the digital world, buying up digital land, collectibles, and other NFTs.  “[We’re] having digital first generations who are going to live in the Metaverse, who are buying land, who are buying clothes, who are buying experiences there, it creates almost like a second huge market for consumer goods and experience,” she said. (CoinFund is known for its presence in the NFT market, having previously invested in Genies, Upshot, and other NFT groups.) Grellet also teased an upcoming announcement from CoinFund on their new vehicle “Metaversal,” which will help capture consumer interest in NFTs in the metaverse.  Episode 35 of Season 3 of The Scoop was recorded remotely with The Block’s Frank Chaparro and CoinFund's Head of Portfolio Growth Vanessa Grellet. Listen below, and subscribe to The Scoop on Apple, Spotify, Google Play, Stitcher or wherever you listen to podcasts. Email feedback and revision requests to podcast@theblockcrypto.com. This episode is brought to you by our sponsors Eventus, Kraken, and Exodus Eventus is the leading global provider of multi-asset class trade surveillance, transaction monitoring and market risk solutions. Eventus offers a powerful, award-winning trade surveillance platform that is easy to deploy, customize and operate. Eventus is proven in the most complex, high-volume and real-time environments and supports many of the industry’s leading crypto exchanges including Coinbase, Gemini, ErisX and OSL. The company’s rapidly growing client base relies on Eventus’ responsive support and product development teams to overcome its most pressing regulatory challenges. About Kraken Whether you’re an experienced crypto trader or just starting out, Kraken has the tools to help you achieve financial freedom. With 50+ cryptocurrencies to choose from, industry-leading security and a wide variety of features to suit any investing strategy, Kraken puts the power in your hands to buy, sell and trade digital assets. Visit Kraken.com to get started today. About Exodus Exodus is leading the world out of traditional finance by building beautiful and user-friendly crypto products. Forget having to learn the nuances of different cryptocurrencies. Exodus is designed for everyone and hides the complex details behind a beautiful and intuitive interface. Buy and sell one cryptocurrency for another from the comfort of your wallet, in seconds. Funds remain under your full control. Secure, manage, stake, and exchange all of your favorite cryptocurrencies from one wallet. No account registration is required. Download Exodus at Exodus.com or directly from Google Play and the iOS App Store and you’re ready to go.

Vanessa Grellet

Managing Partner

Aglaé VenturesCoinFund

September 28, 2020 ----- Tools from our sponsors to go bankless: 🌐 UNSTOPPABLE DOMAINS - GET A HUMAN READABLE CRYPTO DOMAIN 🌈 ZAPPER - ULTIMATE HUB FOR DEFI - ZAP INTO DEFI 💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDS 💸 AAVE - LEND AND BORROW DEFI ASSETS ----- 32 - The Bull Case for NFTs | Jake Burkhman & Andrew Steinwold There's something bubbling under the surface with NFTs. A lot of really smart people are starting to make a lot of noise about the coming wave of NFT explosion. But what are NFTs exactly? What can we do with them? Are they really all that unique? What is so powerful about a Non-Fungible Token? Jake Burkhman, founder of CoinFund, is particularly bullish on this sector of Ethereum. Andrew Steinwold, host of a podcast exclusively dedicated to NFTs, thinks that the world of NFTs will dwarf the world of DeFi by orders of magnitude. What makes these two individuals so optimistic about NFTs? Listen to find out! ------ Resources: Bankless articles:  The First $100M in NFTs https://bankless.substack.com/p/the-first-100m-in-nfts Democratization of Value https://bankless.substack.com/p/the-democratization-of-value How to make money selling Digital Art https://bankless.substack.com/p/how-to-make-money-on-digital-art Listen: Andrew Steinwold's Podcast: Zima Red https://anchor.fm/andrew-steinwold Rate the Podcast 5 Stars ----- Subscribe to podcast on iTunes | Spotify | YouTube | RSS Feed Leave a review on iTunes Share the episode with someone you know! ----- Don't stop at the podcast! Subscribe to the Bankless newsletter program Watch Bankless shows and tutorials on YouTube Visit official Bankless website for resources Follow Bankless on Twitter Follow Ryan on Twitter Follow David on Twitter ----- Not financial or tax advice. This podcast is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions.  Do your own research.

Jake Brukhman

Founder

CoinFund

Andrew Steinwold

Managing Partner

Sfermion

Jake Brukhman of CoinFund and Tushar Jain of Multicoin Capital discuss a new trend among crypto funds: generalized mining, also called mining 2.0, in which investors participate in the networks in order to seed activity on them. For instance, an investor might offer disk space on a file storage network or provide capital on a decentralized lending network. They explain why it makes more sense to do this in the early days of a network than when it's matured, whether this will lead away from a peer-to-peer vision for crypto toward more professionalization and how this affects the basic premise of the fat protocols thesis. We also discuss how this impacts how crypto funds hire, do their accounting and reporting and structure their LP agreements. Thank you to our sponsors! Abra: Click this special link for a free $25 in Bitcoin! https://www.abra.com/unchained Altlending: https://altlending.com WeTrust: WeTrust: Donate in crypto and have your donation matched by WeTrust through Giving Tuesday, November 27! http://wetrust.io/unchained Episode links: Jake Brukhman: https://twitter.com/jbrukh?lang=en CoinFund: https://coinfund.io Tushar Jain: https://twitter.com/TusharJain_ Multicoin Capital: https://multicoin.capital Jake's post on crypto borrowing: https://blog.coinfund.io/crypto-borrowing-and-staking-networks-e7d2d64a81a4 Tushar's post on generalized mining: https://multicoin.capital/2018/10/23/the-evolving-role-of-crypto-investors/ Jake on LivePeer as a case study: https://blog.coinfund.io/livepeer-cryptoeconomics-as-a-case-study-of-active-participation-in-decentralized-networks-19a932415e0e Unchained episode with MakerDAO: http://unchainedpodcast.co/why-its-so-hard-to-keep-stablecoins-stable Unconfirmed episode with Rune Christensen of MakerDAO: http://unconfirmed.libsyn.com/rune-christensen-of-makerdao-on-its-15-million-from-andreessen-horowitz-ep039 Initial witness offerings, by Jake's partner Alexsandr Bulkin: https://blog.coinfund.io/iwos-with-adapt-a-creative-technological-solution-to-a-regulatory-problem-513b0bc811ff Jake's post on fat protocols not being an investment thesis: https://blog.coinfund.io/fat-protocols-are-not-an-investment-thesis-17c8837c2734 Unchained interview with Joel Monegro, the author of the fat protocols thesis: http://unchainedpodcast.co/placeholders-joel-monegro-on-the-fat-protocols-thesis-today-ep65 Videos that Jake mentions at the end of the show: Generalized Mining, An Introduction & Primer by Jake Brukhman, CEO of CoinFund: https://youtu.be/ceex9CN2YZU Panel #1: Supply Side Services | Generalized Mining and The Third-Party Economy: https://youtu.be/Cr6H2FcidjY Panel # 2: New Role of Crypto Investors | Generalized Mining and The Third-Party Economy:  https://youtu.be/zakQc07GRXA Panel #3: Staking Economic Design |  Generalized Mining and The Third-Party Economy:  https://youtu.be/ydViUpTZens Learn more about your ad choices. Visit megaphone.fm/adchoices

Jake Brukhman

Founder

CoinFund

Tushar Jain

EVP of Engineering

DockerMulticoin Capital

David Pakman is a Partner at Venrock and the man behind Venrock's leading of the Series A and B rounds for Dollar Shave Club. Prior to Venrock David spent 12 years as an internet entrepreneur. Including being CEO of eMusic, the world's leading digital retailer of independent music, second only to iTunes. Prior to eMusic, David co-founded Myplay in 1999, which he later sold, in 2001, to Bertelsmann's ecommerce Group. If that wasn't enough David is also the co-creator of Apple Computer's Music Group. In Today's Episode You Will Learn: How did David make his way into the world of VC with Venrock? David invested in Dollar Shave when subscription ecommerce funding was largely out of favour. What was it that excited Dave about Dollar Shave and why did he choose to invest? To what extent do we see the existence of party rounds in today's funding environment? Venrock took the rather unusual position to lead both the A and B rounds for Dollar Shave. What was the internal conversations like within Venrock towards this decision? Dollar Shave was growing at phenomenal rates with impressive growth, what was behind the decision to sell at this time? What were the incentives behind selling to Unilever? Will we see other large e-commerce exits in the future? What does the future M&A environment look like for consumer businesses? Items Mentioned In Today's Show: Matt's Fave Book: Mindset by Carole Dweck Matt's Most Recent Investment: Pearl As always you can follow Harry, The Twenty Minute VC and David on Twitter here! Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC. Eve make 1 perfect mattress – made with 3 layer technology and next generation memory foam. It comes packaged in a beautiful box and arrives the day after you order. You get 100 nights to try it with free return pick-up – it really is the perfect mattress for everyone. Just go online to evemattress.co.uk and enter the code 20VC for £50 off. Everybody deserves the perfect start with Eve.

David Pakman

Partner

VenrockCoinFund

Quote of the Day: 'A great entrepreneur has the ability to bend the world to their will'. David Pakman, 20VC David Pakman is a Partner at Venrock, having spent the past 12 years as an internet entrepreneur. This includes David's appointment as CEO of eMusic, the world’s leading digital retailer of independent music, second only to iTunes. Prior to joining eMusic, David co-founded Myplay in 1999, which he later sold, in 2001, to Bertelsmann’s ecommerce Group. Before Myplay, he was Vice President at N2K Entertainment, which created the first digital music download service. If that wasn't enough David is also the co-creator of Apple Computer’s Music Group. In Today's Episode You Will Learn: How David started his career as an entrepreneur and later made the move to VC? How David found the transition from entrepreneur and CEO to being a VC? What is the main value add that both Venrock and David provides to their investments? What makes a great entrepreneur for David? How long do VCs need to know entrepreneurs before making investments? What 3 tips would David give for best sourcing deals as a VC? What areas does David believe are soon to be disrupted? How does David predict the next big industries to be disrupted? What did David think of Jay Z's launch of Tidal? Who will dominate in the music streaming sector in the coming years? Items Mentioned in Today's Episode: David's Fave Book: Mindset by Carole Dweck David's Favourite Blog: Ben Thompson's: Stratechery Dollar Shave Club: Shave Time, Shave Money YouNow Tidal: High Fidelity Music Streaming As always you can follow Harry, David, The Twenty Minute VC and Venrock on Twitter here!

David Pakman

Partner

VenrockCoinFund