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Interestingly for technical mumbo jumbo stuff there appears to be 2 circlejerks with little overlap
Modular bros: Eigenlayer, Celestia, Element, Fuel, Scroll, ZkSync
Paradigm™: Flashbots, Uniswap, random zk stuff
The "alpha" for other crypto VCs are:
- Lowbrow stuff like casinos and gambling games
- Semi-scams
- Technical mumbo jumbo like Eigenlayer
- Launching own projects
Even then Paradigm would probably invest in a lot of the lucrative lowbrow stuff, it just needs to be wrapped with something intellectual/circlejerky (prediction markets for example) https://t.co/lJfDJsWVvI
The "alpha" for other crypto VCs are:
- Lowbrow stuff like casinos and gambling games
- Semi-scams
- Technical mumbo jumbo like Eigenlayer
- Launching own projects
cant wait to sell my friend shares on the social chatting app backed by paradigm to buy nfts on the pro trading platform backed by paradigm and then cash out using the pro dao fiat onramp backed by paradigm to go to my on-chain accommodated pro housing backed by paradigm
cant wait to sell my friend shares on the social chatting app backed by paradigm to buy nfts on the pro trading platform backed by paradigm and then cash out using the pro dao fiat onramp backed by paradigm to go to my on-chain accommodated pro housing backed by paradigm
Paradigm and Blur have basically the same DNA
1. win an underserved segment
2. monopolize
(paradigm is here)
3. extract $
4. cannibalize (blur is here)
step 5 is expand I assume. if i had to guess Paradigm is doubling down on their ai efforts, but a bit less publicly
1. a16z/sequoia circlejerk pour 9 figs into bitclout
2. variant fund LARPs about social tokens & creator economy
3. paradigm bottom ticks the cycle and scoops up the only promising "socialfi" project at a dirt cheap valuation
gg
The corollary is that denominating income in USD makes it seem a lot bigger. e.g. all the ppl cooming about Twitter ad payouts, referral revenue, pnl etc
Denominate spendings in ETH, income in USD
Man you’ve gotta give it to Vitalik.
Denominating anything in ETH [shitcoins, nfts, friendtech shares] has gotta be the greatest psyop in human history to get you to just LIGHT your money on fire.