Edouard Lingjaerde

3rd Gen VC. Tech & Crypto passionate. Convinced P2P will take over the world.

[Rex Woodbury @rex_woodbury]

I’m thrilled to (formally) announce Daybreak Fund I, a $33M venture fund built to be the first check to founders.

Daybreak is designed to return to the roots of venture—early-stage, artisanal, disciplined—while helping bring venture into the next generation.

[Hootie Rashidifard @Hootie_R]

1/ right now private crypto vc sentiment is currently the worst its been since q4 2022

as we enter the final fundraising sprint of the year, some thoughts on what led us here and what to look fwd to

[Maria 🐸 @MariaShen]

1/ We are excited to introduce the @ElectricCapital Crypto Market Map!

The Crypto Market Map tracks 1,500+ projects in crypto.

It contextualizes every major project in crypto by organizing projects into 6 tech layers & 137 categories.
https://t.co/ZVvLaN8Tjl

Let's explore 👇🏽

[Kyle Samani @KyleSamani]

Excited to announce one of our largest investments ever, @zama , in which we co-led a $73M round along with @protocollabs

Zama is the world's leading cryptography company focused on FHE

FHE is going to reshape the fabric of computing

https://t.co/FLaoQVu3z4

[Hootie Rashidifard @Hootie_R]

1/ recently @eigencloud lifted liquid staking caps to hit 2.6m of eth in tvl ($7b)

with operator mainnet set to launch soon and questions of leverage swirling, i spent some time thinking through how eigenlayer’s operators will evolve and where value will accrue

[Cryptofoxes 🦊 @CryptoFoxesNFT]

Ooh.... Looks shiny ✨

[Kyle Samani @KyleSamani]

Great breakpoint thread for those who missed

[Kyle Samani @KyleSamani]

I can’t wait to join the Solana Community at #Breakpoint2023 this year! 📷

Excited to share that I’ll be speaking about integrated vs modular systems. Hope to see you in Amsterdam!

Join me starting October 30th: https://t.co/mYZezdyfLW

[Kyle Samani @KyleSamani]

Giving my presentation today for the 2023 Multicoin Summit. This builds on my blog post from a few weeks back.

Video coming soon!

h/t @shayonsengupta for all the help on this one

[Kyle Samani @KyleSamani]

0/ there’s been a lot of discourse lately about the benefits of modular systems, and the problems with integrated (fka monolithic) systems

So I articulated all of the things that aren’t in mainstream discourse

https://t.co/RwH2G1KlmJ

[Patrick Mayr @pat_mayr]

"Keep calm and cary on" is the tagline we'd pick to sum up Q2

In the midst of continued regulatory pressure, crypto remains resilient. More real world assets on chain + DeSci are two themes we're particularly excited about

Our Q2 market commentary👇
https://t.co/6V0daujumm

[Jon Charbonneau 🇺🇸 @jon_charb]

I analyze the endgame for:
-Proof-of-stake (PoS)
-Liquid staking tokens (LSTs)
-Dual governance
-Proof-of-governance (PoG)
-Restaking & PEPC

I reconsider their merits from first principles & push back on popular notions including economic security
https://t.co/IpPrJZvmAM

[Vance Spencer @pythianism]

GM, it is good to be back. Here is where we are by my estimation.

We are 280 days out from the BTC halvening and a spot bitcoin ETF looks to be coming by the end of the year, if not sooner. No doubt this will lead to other ETF opportunities for other cryptoassets.

Ethereum has made the successful transition to PoS and has been deflationary through the year. The economics of the ETH have been noticed by major banks, and research reports have started to trickle out. There are 3 DeFi apps that are tracking to $100M of ARR this year (in a bear market), and 1-2 of those have a line of sight to $1Bn of 95% margin ARR (in a bull market). Crypto game launches have been delayed but still are on track Q4/Q1 releases, which should bring millions of new users on chain in time. Regulatory clarity looks to be coming as well, with both the stablecoin and market structure scheduled to be voted on this summer.

Crypto has withstood a staggering 525 basis points of federal reserve hiking and is on the other side of one of the nastiest deleveragings in financial history. The market expects one more hike with 95% certainty, and then that the fed will be done. The fed's dot plot implies rate headwinds will become tailwinds in 2024 and 2025. 2019 is uncannily similar to 2023's trajectory.

Sentiment remains catatonic. The crypto natives are still nursing their wounds from 2022, and feel underallocated to the recent run up. Tradfi remains underexposed in general, lacking basic access to the asset class. The market continues to climb a gigantic wall of worry and PTSD, adding fuel to the fire.

Crypto is in a far better place than anyone gives it credit for. History is on our side; we are replacing the financial system with software that nobody and everybody controls. Excited for the next few years and decades.

[Edouard Lingjaerde @EdouardHCL]

@argentHQ @dapp_land Yes I had dapps with the gold stars before the snapshot; is it an issue related to Brave preventing the rating from going through? I rated quite a few dapps so I'm sad not to be eligible 🥲

[Edouard Lingjaerde @EdouardHCL]

@argentHQ I have participated to all events but for some reason I'm not eligible for this last one despite having rated apps on @dapp_lands; what should I do?

[Hootie Rashidifard @Hootie_R]

1/ today, i am launching @hash3xyz, a $29m seed stage crypto fund investing $250k-1m into passionate founders building an open and permissionless future

[Vance Spencer @pythianism]

Every bear market I re-underwrite why I am in crypto

1. Large untapped market (money, culture, games)
2. Lack of competition (very few trad people in crypto, still extremely early)
3. Large, liquid outcomes (already at $1Tn aggregate market cap, likely goes to $10-$20tn)
4. Makes the world more interesting/better (believe deeply in crypto and the idealism behind it)
5. Compounding effect (knowledge/assets compound dramatically faster in crypto vs. other industries)

In my mind, its pretty simple. None of the above has changed. Maybe there is a day when all or some of the above no longer are true. Today is not that day, and I don't expect it to come for a long time.

[Jon Charbonneau 🇺🇸 @jon_charb]

This was a lot of fun
https://t.co/TIJKSfxAF4

[Kyle Samani @KyleSamani]

Best podcast I’ve heard covering the history of LLMs and how to think about their strengths and weaknesses
https://t.co/tRfAXWQCam

[Shelko @sh3lko]

Was waiting for this one more thing from @itamarl as if @argentHQ weren’t already doing enough amazing stuff but it was definitely worth it. Check it out