want to know how bearish and noisy crypto is right now?
eth 2.0 merge was effectively confirmed on tuesday for sept and not one peep.
Michael Anderson
603 posts
Michael Anderson
@im_manderson
Co-founder @hiFramework - prev @hashletes, @snap and @dropbox. Tweets are my personal views and not investment advice. May have positions in assets discussed.
San Francisco, CA
Joined March 2014
- What if the market is 1000x larger than we originally estimated?
- 1/ We just led a $13.4M round in USDAI (@USDai_Official), a yield-bearing stablecoin for scaling AI infrastructure. We think USDAI can unlock financing for early stage AI builders + give investors brand new ways to gain exposure to growth in the AI industry. ๐งต๐
- Big milestone today: Space and Time is live on mainnet. We led their Seed + Series A, alongside Microsoft. SxT is the first decentralized network for trustless data delivery, and we think it could be a powerful foundation for data-rich apps across all blockchains. Brief ๐งต๐
- Coinbase $COIN offering marks the starts of the institutionalization of crypto. Itโll be the dominant narrative over then next 2-3 years.
- Ultimately, DeFi will shift the job of financial regulators from oversight to code review.
- this is why crypto venture is like trad vc on expert level. liquidity means paper hands get shaken out, but real success takes years. and they're still just getting started. @maplefinance๐ต๐ฑ @hiFramework co-led @maplefinance's $1.4M seed round back in 2021. Four years later, the protocol has $2.6B in assets under management.
- Latest $YFI improvement proposal, YIP 33, is a vote to add $LINK to yVaults for staking... Let โer rip! gov.yearn.finance/t/yip-33-add-lโฆ
- Put together some ideas on a $YFI token model that takes some of the best aspects of the $SNX and $LEND models. gov.yearn.finance/t/new-yfi-tokeโฆ
- 1/ We just led a $75 million raise for @daylightenergy, a decentralized energy network that powers distributed solar + storage. We think Daylight can use DeFi to finance solar installs, reduce energy costs, and bring new yield on-chain. ๐งต๐
- 1/ We just co-led an $8.1M round in Crown (@CrownBRLV), a Brazilian real stablecoin with native revenue sharing for institutions ๐ง๐ท๐ฐ Crown makes it easier for institutions to access Brazilโs high interest rates + gives fintechs new rails to build on. ๐งต๐
- really enjoy the fact that we're back in the "I'm embarrassed to say I work in crypto" part of the cycle p.s. im not
- For anyone following the #DeFi, oracles or @chainlink ecosystems, the @coinbase oracle announcement is the equivalent of @IBMBlockchain going after @ethereum for smart contracts. Both market validating and completely missing the point.
- Another chapter for @hiFramework ! Thank you to the communities, founders and partners weโve worked with over the last 3 years. Could not be more excited about the entire Framework team and the future of web3.
