Jack Statza

ai/web3/fintech @alumniventures | ex vc @allstate

[Jack Statza @jackstatza]

@JReedRosenthal @polychain @JReedRosenthal congrats excited to hear more, also this is no excuse not to reschedule our lunch in the burbs!

[Jack Statza @jackstatza]

The fastest-scaling genAI company just became my AI First Fund portfolio company @higgsfield_ai .
$100M → $200M in 2 months.
$200M run rate in <9 months.
🤯

@alumniventures

[nico laqua @nico_laqua]

@TheCorgiCompany is coming out of stealth with $108M raised to build the future of financial infrastructure.

A lot of the GDP flows through highly regulated financial entities that haven't been meaningfully changed in decades.

To fix this, we're starting in insurance.

[Coinflow @CoinflowLabs]

"If you can perform better and faster, then volume naturally flows to you."

Coinflow is proud to announce our $25M Series A round led by @PanteraCapital to power billions in global payment volume.

Read more about what this means for the future of global payments in @FortuneMagazine 👉 https://t.co/oCt9YW6eb2

[Garry Tan @garrytan]

AI Startup Founders Tout a Winning Formula—No Booze, No Sleep

I highly disagree about no fun though https://t.co/ax8FCYPm88

[Jack Statza @jackstatza]

@0xalank @QuaiNetwork @polychain 😂 yes 2022 was a wild time in web3, I appreciate the uber lift around town as well!

[Jack Statza @jackstatza]

Thrilled to see @QuaiNetwork launching after three years of hard work! As an investor, it’s been amazing to watch @0xalank @mechanikalk and the team push the boundaries of scalable blockchain infrastructure. Big thanks to @polychain support in making this a reality!

[alan ⚡💵 @0xalank]

Six and a half years ago, @QuaiNetwork started as a research project at @UTAustin, led by @mechanikalk and Professor Sriram Vishwanath. At the time, I was in my sophomore year studying CS and running @txblockchain when they asked me to join on as an undergrad researcher.

Our goal was simple: create a fundamental breakthrough for how blockchains can scale while maintaining their core promise of decentralization.

When we started @QuaiNetwork, the crypto landscape was vastly different. NFTs were barely a thing, AI crypto bots didn't exist, and Ethereum's transition to PoS seemed distant. We saw an opportunity to build something novel, drawing inspiration from pioneers like @peterktodd's tree chains and Satoshi's merged mining (maybe the same person?), while pushing the boundaries of sharding technology.

(slide from the 2018 presentation)

Our journey hasn't been linear. We've gone back and forth on countless industry painpoints from MEV, to VM choice, to signature choice, to address formats, to stablecoin design, etc., but we were always guided by first principles and a relentless focus on solving blockchain's fundamental scaling challenges. Through this process (and continued evidence in the market) we found one thing remained true: Proof of Work is the only truly objective form of consensus, the foundation for replacing political competition with peaceful economic competition.

Through innovations like PoEM consensus, horizontal sharding, and our dual-token system (Quai and Qi), we've created an infrastructure capable of:
- 50,000+ transactions per second
- True decentralization with tens of thousands of nodes
- A parallelized, low-fee EVM for smart contract capabilities
- An energy-based dollar that reflects the real economic costs of security

And now to today, at block height 259,200, Quai Network gas will turn on, enabling transactions and token distribution.

This milestone represents the culmination of years of research, development, and unwavering commitment to our vision. Thanks to our early supporters, including @polychain and @alumniventures, we've built a system that can truly scale while maintaining the core principles of decentralization and security along with an energy-backed monetary design.

If this resonates with you, we welcome you to become part of this journey. Mine some Quai, transact on mainnet, and join the ecosystem.

The future of scalable, programmable Proof of Work begins now ⚡️💵

p.s wen 4 TH/s?

[alan ⚡💵 @0xalank]

Six and a half years ago, @QuaiNetwork started as a research project at @UTAustin, led by @mechanikalk and Professor Sriram Vishwanath. At the time, I was in my sophomore year studying CS and running @txblockchain when they asked me to join on as an undergrad researcher.

Our goal was simple: create a fundamental breakthrough for how blockchains can scale while maintaining their core promise of decentralization.

When we started @QuaiNetwork, the crypto landscape was vastly different. NFTs were barely a thing, AI crypto bots didn't exist, and Ethereum's transition to PoS seemed distant. We saw an opportunity to build something novel, drawing inspiration from pioneers like @peterktodd's tree chains and Satoshi's merged mining (maybe the same person?), while pushing the boundaries of sharding technology.

(slide from the 2018 presentation)

Our journey hasn't been linear. We've gone back and forth on countless industry painpoints from MEV, to VM choice, to signature choice, to address formats, to stablecoin design, etc., but we were always guided by first principles and a relentless focus on solving blockchain's fundamental scaling challenges. Through this process (and continued evidence in the market) we found one thing remained true: Proof of Work is the only truly objective form of consensus, the foundation for replacing political competition with peaceful economic competition.

Through innovations like PoEM consensus, horizontal sharding, and our dual-token system (Quai and Qi), we've created an infrastructure capable of:
- 50,000+ transactions per second
- True decentralization with tens of thousands of nodes
- A parallelized, low-fee EVM for smart contract capabilities
- An energy-based dollar that reflects the real economic costs of security

And now to today, at block height 259,200, Quai Network gas will turn on, enabling transactions and token distribution.

This milestone represents the culmination of years of research, development, and unwavering commitment to our vision. Thanks to our early supporters, including @polychain and @alumniventures, we've built a system that can truly scale while maintaining the core principles of decentralization and security along with an energy-backed monetary design.

If this resonates with you, we welcome you to become part of this journey. Mine some Quai, transact on mainnet, and join the ecosystem.

The future of scalable, programmable Proof of Work begins now ⚡️💵

p.s wen 4 TH/s?

[Quai Network ⚡️💵 @QuaiNetwork]

🎯 February 19: $QUAI Token Generation Event

The Genesis Block was just the beginning. On February 19th, $QUAI becomes fully tradable.

Transactions turn on. Trading starts. History is made.

[Analog 🕓⛓️ @OneAnalog]

Creating history 🧑🏻‍💻 - Witness how Analog is rewriting the rules of blockchain #Interoperability, one block at a time!😎🦾 #timechain

Watch the #BTS of how Analog sprung to life, survived, and thrived through adverse circumstances ⏳#proofoftime 💜

@VictorYoungMe @ericwang1215 @sanchalr @AnalogIntern

[Jack Statza @jackstatza]

Having been in the insurance industry before I find what @ztownsend is building at @meanwhile very compelling especially as Bitcoin becomes more interwoven into society.

[Zac Townsend @ztownsend]

Most companies optimize for the next quarter.

SpaceX took 22 years to catch a rocket.

We're building for the next century.

The 100-Year Startup: Life Insurance and Abundance

A vision for financing humanity's future 🧵 (1/6)

[Jack Statza @jackstatza]

Our new AD is 🔥

@Boundaryfree @nierfiti @alumniventures

[Jack Statza @jackstatza]

As a prior Seed investor, we are excited to have @veradittakit and @PanteraCapital help drive @saharaai to new heights!

@alumniventures @Boundaryfree @nierfiti

[paul.nft @veradittakit]

1/ @PanteraCapital co-led the $43M investment round into @saharaai. Sahara AI’s mission is to create a more open, equitable, and collaborative AI economy that is as easy as possible to participate in. Let’s dive into their vision.

[Alumni Ventures @alumniventures]

We're excited to announce that Justin Stahl, VP of Information Technology and Information Security Officer for the Chicago Bears, has joined our Blockchain Fund as a Venture Advisor! Justin brings a wealth of experience and expertise, and we're thrilled to have him on board.

Learn more about AV’s Blockchain Fund: https://t.co/b68I2JObhj.

[Jack Statza @jackstatza]

@alumniventures Excited to have you Justin!