Lex Sokolin | Generative Ventures

Partner @Genventurecap investing in machine economy 🦊 Ex Chief Economist & CMO @Consensys 📈 Founder in Web3, roboadvice, data, and

[Lex Sokolin | Generative Ventures @LexSokolin]

Here are all my secrets

We cover crypto, AI, and the machine economy.

The weather changes but the stars point in the same direction.

Really enjoyed this conversation with @francescoswiss

[Francesco Andreoli ᵍᵐ @francescoswiss]

AI, Crypto & Web3: The Future of Intelligent Agent w/ @LexSokolin

00:07 - Who is Lex Sokolin
03:39 - The Economics of AI
05:16 - Why Crypto Struggles
07:51 - Web2 vs. Web3 AI
10:46 - DAOs in AI Frameworks
19:57 - The Rise of On-Chain AI Agents
30:35 - The Future of AI & Crypto

[Lex Sokolin | Generative Ventures @LexSokolin]

Standard Chartered put a 600% price target on Ethena's token and said it will beat bitcoin and ether through 2028.

Stablecoins won by being boring, a money market fund with better rails. USDe is the opposite. Its yield comes from crypto funding rates, so the dollar pays well right up until the market turns.

[Lex Sokolin | Generative Ventures @LexSokolin]

@whop wants creators to launch their own neobanks.

I would not want Mr. Beast running risk management on payroll....

But a free burger with every account and a small chance at $1M per transaction is not all that different from Palmer Luckey and Erebor.

https://t.co/AolxktvQ5y

[Lex Sokolin | Generative Ventures @LexSokolin]

Thrilled to back @thomasborgers and @walapay_io

Unbelievably customer focused team with real impact

[tomborgers.eth @thomasborgers]

Today we're announcing Walapay's $4.6M Seed round, led by @genventurecap.

@dimitri_borgers and I started @walapay_io because we've felt first-hand how slow and frustrating it can be - even today - to send and receive money around the world. And when we tried to build an app for people like us, we realized we could never solve the problem if we didn't tackle the roots of the issue - the underlying rails where money actually moves.

That's why we built Walapay from the bottom up - owning the licensing, banking rails, and liquidity across our core markets. Today, we're serving >100,000 customers, processing $2.5b in annual TPV, and growth is only accelerating.

A huge thank you to @LexSokolin who backed us early on and made this round happen. Thank you to @shawnlim @Marcosf0401 Kaushik Chakravarti Roger Lim and many others who believed in us from the very beginning.

Thank you to our partners and customers who trusted us early. This round will help us continue to expand our licensing and banking partnerships and assemble the best team to take us forward on our mission.

@CommerceVC @0xPolygon @VerdaVentures @AAF_Management @JSquare_co @reflexivexyz @FGVCapital @NGC_Ventures Knollwood Investment Advisory @BigBrainVC Contribution Capital Kronos Research

[Lex Sokolin | Generative Ventures @LexSokolin]

I once said prediction markets had zero chance. Kalshi just did a record ~$53B in September, and the same week said it will end the program that has paid traders for volume since 2023.

The first month without rebates will show how much of that volume was customers.

[Lex Sokolin | Generative Ventures @LexSokolin]

One of my two exceptions to tokenization skepticism is tokenized money market funds. Per Dune, tokenized cash is the largest category at ~$18B, and stocks are 8% of the market but 93% of trading.

My boring favorite barely trades. Which, to be fair, is also what cash does.

[Lex Sokolin | Generative Ventures @LexSokolin]

@prosumerworks Yum

[Lex Sokolin | Generative Ventures @LexSokolin]

Anthropic's S-1 warns of 'existential risks to humanity' and reports an $8 billion loss.

Two apocalypses in one prospectus. Only one of them is on the income statement.

[Lex Sokolin | Generative Ventures @LexSokolin]

@prosumerworks It is feeling hot! 🔥

[Lex Sokolin | Generative Ventures @LexSokolin]

@tobynovum @sytaylor @tempo Thanks for listening!

[Lex Sokolin | Generative Ventures @LexSokolin]

There is no Fedwire for the internet.

Tempo, incubated by Stripe, is trying to build it.

I spoke with @sytaylor from @tempo about why on-chain cash settlement is still less than 0.1% done, and why the next stablecoin volume may come from enterprise money movers rather than crypto-native apps.

We also get into agentic commerce, x402, why consumer agents are still in the WAP-phone era, and where real B2B payment volume is showing up first.

[Lex Sokolin | Generative Ventures @LexSokolin]

https://t.co/uSmfxY5PH7

[Lex Sokolin | Generative Ventures @LexSokolin]

@noahrshinn Hey there @0xbilly
Time to sell to Instinct

[Lex Sokolin | Generative Ventures @LexSokolin]

What does it mean

to not be on the frontier and focusing on "what comes next is making money."

It means cash-flow businesses, not multiple expansion. Unless you are flooding a new market of new customers.

I prefer to ride the frontier

[Simon Dedic @sjdedic]

Most people are arguing that crypto not being a FrOnTiEr investment anymore is a bad thing.

I'd argue it's maybe one of the most bullish things ever, as this essentially means that we are graduating from pure experimentation into actual product market fit and expansion of proper onchain businesses.

The times of being giga early and highly contrarian just for the sake of it are over.

What comes next is making money.

[Lex Sokolin | Generative Ventures @LexSokolin]

@bpmilne @sytaylor @tempo I disagree with me too.

The factory can make mistakes.

[Lex Sokolin | Generative Ventures @LexSokolin]

https://t.co/uSmfxY5PH7

[Lex Sokolin | Generative Ventures @LexSokolin]

@Erik78910 @multiliquid_xyz @will_beeson @RobotMoneyAgent Definitely love their liquid treasuries product which deserves to be grown 1000x and robots should love it

Would be happy to integrate into the fixed income slice

[Lex Sokolin | Generative Ventures @LexSokolin]

Excited to back @multiliquid_xyz and @will_beeson in bringing high quality fixed income onchain with fully liquid transfers

[Multiliquid @multiliquid_xyz]

Multiliquid Swap offers deep instant liquidity across 10 leading tokenized assets.

Swap between tokenized funds and stablecoins in one atomic transaction, 24/7.

No bank wires or multi-day redemption queues. Just instant liquidity.

→ https://t.co/3NlY9JkHfC

[Lex Sokolin | Generative Ventures @LexSokolin]

@maxime_bucaille Yes

[Lex Sokolin | Generative Ventures @LexSokolin]

@iamjakestream Distribution of other people’s bank