Varrock

Investing $600-900k in pre-seed & seed crypto founders.

[Lethic @lethic1]

RX6 deployed today
RX7 design finished yesterday and will deploy in two months

[Nook @nook_platform]

Update: Nook continues to grow and scale. Including our newly appointed CTO, @TheLarryWei

After leading engineering teams at Uber and Meta, Larry operates from a deep experience of helping teams build quality at scale.

With tens of thousands of Nook users, and over $500M in transactions across accounts - Larry has faced our scaling and quality challenges head on.

We are excited for Larry to keep leading the way as we build and strengthen the technical foundation at Nook.

✳️

[Agant @AgantFinance]

A direct tailwind for #GBPA. We're ready.

[Rachit Agarwal @rachit]

The Crypto Fundraising Landscape

New Episode w @richardchen39, Founder at @VarrockVC

We Discuss:
- Crypto Funds struggling to raise Follow Up Rounds
- Crypto Founder Archetypes and Ideal Traits
- Contrarian Bets + Missed Opportunities

and much much more!

0:45 - Richard's background + working at 1confirmation
1:41 - Current contrarian bet(s): non USD stablecoins (shoutout @AgantFinance and @pimlicoHQ)
8:12 - is there lack of capital in crypto right now?
10:55 - evaluation framework for token projects vs web 2.5 businesses
12:57 - Richard's stance on the equity vs tokens debate
15:06 - ETH needs a new narrative
18:08 - Saylor, Strategy and thoughts on DATs
19:55 - crypto founders archetypes over the years
22:20 - is the crypto native founder archetype dead?
24:15 - does your location matter for you to succeed as a crypto founder?
27:10 - experience raising funds for Varrock + raising institutional captial
28:45 - are crypto funds struggling to raise money?
29:15 - thinking about pivoting or expanding to AI?
30:38 - thoughts on hedging by investing competitors
32:44 - "are there any missed deal opps that keep you up at night?" (@solana seed in 2018)
33:33 - #1 advice to crypto founders

[Pimlico @pimlicoHQ]

Pimlico is now SOC 2 Type I certified.

For the stablecoin neobanks, wallets, and enterprises building with us, this now means one less item on your vendor diligence list.

Thank you to @aligncompliance, and our CISO @nikmel2803 for the great work.

[Richard Chen @richardchen39]

Crypto VC: I didn’t hear no bell https://t.co/MiPVqiQ996

[Eureka Builder @EurekaBuilder]

We’re officially out of stealth.

Ethereum is the most powerful financial computer.

But the way blocks work today still limits what can actually be executed.

Eureka Labs is changing that.

We’re turning blocks into programmable execution environments - where capital, computation, and execution logic live inside the block itself.

This is just the beginning.

https://t.co/EW12l3EsTB

[Varrock @VarrockVC]

Why are we excited to back @EurekaBuilder? Making blocks programmable (not just smart contracts) creates tons of new use cases.

One new use case we're excited about is allowing anyone who holds DeFi receipt tokens (e.g. Uniswap LP tokens, Aave aTokens) to earn additional 4-5% yield on top by lending those receipt tokens to MEV searchers uncollateralized within the same block. Similar to how lending on Morpho v1 was strictly better than lending on Aave, lending on Eureka will be strictly better than any underlying DeFi protocol (Uniswap, Aave, Morpho, etc.).

Plus they bought an entire Ethereum block #24,729,136 for the announcement: https://t.co/SfQRC8U9FM

[Nir @NirMagenheim]

We're officially out of stealth.

Ethereum is the world’s most powerful financial computer.
But today it still runs like dial-up.

Eureka Labs is changing that.

We’re turning blocks into programmable execution environments - where capital, computation, and execution logic live inside the block itself.

It's going to be very interesting

[Nir @NirMagenheim]

To celebrate us coming out of stealth as block builders we decided to buy a whole Ethereum block just for the announcement -

https://t.co/DULVcjeKCI

[Nir @NirMagenheim]

We're officially out of stealth.

Ethereum is the world’s most powerful financial computer.
But today it still runs like dial-up.

Eureka Labs is changing that.

We’re turning blocks into programmable execution environments - where capital, computation, and execution logic live inside the block itself.

It's going to be very interesting

[The Block @TheBlockCo]

EXCLUSIVE: Ethereum block builder Eureka Labs raises $6.7 million, introduces 'programmable blocks' https://t.co/EKxeQ9iu6G

[Joey Isaacson @Joey_Isaacson]

https://t.co/5zaDGTb08D

[Agant @AgantFinance]

We’re pleased to share that Agant is now a registered cryptoasset business with the UK Financial Conduct Authority under the Money Laundering Regulations. This is a key step in our vision to enhance money, bringing us closer to issuing GBPA, our fully backed GBP stablecoin designed for institutional use cases.

A well-designed GBP stablecoin can unlock innovation across payments, settlement and tokenised assets. We’re excited to be at the forefront of this innovation in the UK along with our partners

Read our press release here - https://t.co/aV6YM6saAx

[Irys (✧ᴗ✧) @irys_xyz]

The Irys Mainnet Explorer is live.

[ETHDenver 🏔🦬🦄 @EthereumDenver]

We’re thrilled to announce @richardchen39, Founder of @VarrockVC, as a speaker for ETHDenver 2026!

Richard Chen founded Varrock, a $30M fund investing in pre-seed and seed crypto founders, after previously serving as General Partner at 1confirmation.

In New BUIDL City, leaders like Richard help show there’s somETHing for everyone to build and explore.

[Nook @nook_platform]

Don't let anything get in between you and earning. Nook will soon be going multi-chain across @Optimism @monad @base and more✳️

[Richard Chen @richardchen39]

Excerpt from my 2025 letter to @VarrockVC LPs

[Varrock @VarrockVC]

Varrock encoded.

[Coinbase 🛡️ @coinbase]

Current mood.

[Irys (✧ᴗ✧) @irys_xyz]

Mainnet is officially LIVE.

Over two years of work. Tens of thousands of hours.
All for this moment. And still, this is only the beginning.

Today we launch. Tomorrow we build.
Job’s never done.

[Irys (✧ᴗ✧) @irys_xyz]

SPECIAL DELIVERY

The Irys Whitepaper is here!
Read all about it at: https://t.co/buT30pNei1