Multicoin Capital

Across is a cross-chain bridge secured by UMA's optimistic oracle for L2s and rollups. It also optimized for capital efficiency with a single liquidity pool, a competitive relayer landscape, and a no-slippage fee model.

GEODNET is a decentralized network that collects real-time data on the influence of solar winds on Global Navigation Satellite System signals. It uses blockchain technology to provide accurate positioning and time accuracy services, benefiting industries such as automotive, agriculture, construction, and earthquake monitoring. GEODNET also offers applications in decentralized mapping, metaverse digital twins, location-aware smart contracts, and proof-of-location/time.

Drift Protocol is a developer of a decentralized derivatives exchange that focuses on providing on-chain, cross-margined perpetual futures trading on the Solana blockchain. The platform aims to enhance the efficiency of trading futures through an upgraded decentralized system that features a new pegging mechanism. This innovation allows users to adjust liquidity based on market demand and open interest, thereby improving the overall trading experience. Drift Protocol's approach positions its exchange as a competitive option for margin trading within the decentralized finance space.

Gradient Network is a company that specializes in decentralized computing services for blockchain networks. It offers a system that enables liquid staking and computing power sharing, ensuring cross-chain compatibility and efficient resource allocation. This allows developers and businesses to enhance their blockchain applications, reduce costs, and improve overall network performance across different platforms.

zkMe is a company that specializes in zero-knowledge (zk) Identity Oracles designed for decentralized and anonymous cross-chain credential verification. By ensuring that no personal information is ever processed by third parties, zkMe eliminates the risks of data leaks and misuse, granting users complete control over their digital identities. The platform enables users to selectively share their credentials with authorized parties while maintaining their privacy. As a fully decentralized provider, zkMe adheres to Financial Action Task Force (FATF) compliance standards and offers a comprehensive suite of products, including solutions for anti-bot and anti-sybil verification, as well as Know Your Customer (KYC) services.

Mezo is a bitcoin economic layer network that provides fast and cheap bitcoin transactions to hold tokens while earning yield.

Quantinium develops pioneering blockchain infrastructure, setting industry benchmarks in speed, security, and reliability. It incorporates decentralization, scalability, sustainability, and cybersecurity, facilitating Quantum Wi-Fi, a decentralized global Software-defined Wireless Network (SDWN). This technology transforms isolated Wi-Fi networks into interconnected ecosystems, enabling users to share surplus internet capacity.

Wormhole covers a range of use cases to make chains for tokens, NFTs, apps, and other generic messaging applications. They build protocols on wormholes that can use data, assets, and messages from other chains.

Squads is a developer of a decentralized program that enables the establishment of better and easier decentralized autonomous groups. The company's application combines all of the key components of a decentralized autonomous organization, such as deployment, treasury, vault management, on-chain voting, and chat, into a single portal with an easy-to-use interface, allowing users to streamline daily operations using a decentralized autonomous organization structure.

Fhenix is a blockchain company that pioneers the use of homomorphic encryption in its proprietary blockchain network. It enables Ethereum developers to create encrypted smart contracts and perform computations on encrypted data using familiar tools like Solidity.

Tableland is a decentralized relational database designed for web3 developers. Built upon SQLite, it enables creation of complex data models for decentralized applications, games, NFTs, and more.

Sei Labs is the layer 1 blockchain uniquely optimized for DeFi.

Sec3 specializes in blockchain security solutions and smart contract auditing. They offer round-the-clock transaction monitoring, advanced source code analysis using AI technologies, and comprehensive security assessments for both smart contracts and Web2 systems, enhancing security and accelerating market deployment.

Fluidity Money is a blockchain incentive platform that rewards users with yields for using their cryptocurrency. It seeks to solve DeFi's utility problem by introducing a novel incentive mechanism that rewards users for on-chain transactions. Users can wrap stablecoins in Fluidity in exchange for the fluid counterpart of that stablecoin. This can be USDC, for example, which becomes fUSDC. This works with a variety of stablecoins, including DAI, USDT, and Frax. The yield distributed via transactions is derived from lending out the underlying assets on money markets. When USDC is wrapped, fUSDC is created, and the principal is lent out.

Coral is involved in Solana as the architect of the network's Anchor development framework.

Hubble Protocol is a decentralized financial platform that facilitates long-term borrowing, lending, and the creation of structured financial products. It aims to democratize access to decentralized finance by offering a range of sustainable financial services. The protocol's software supports multi-asset collateral and enables zero-interest borrowing, allowing users to leverage yield-bearing assets for loans. Additionally, Hubble enhances yield generation on deposits of various tokens, providing clients with optimized financial opportunities while minimizing costs associated with loans.

Sei Labs is the layer 1 blockchain uniquely optimized for DeFi.

Clockwork is a developer of a decentralized automation network platform that facilitates the scheduling of tasks and the automation of on-chain workflows directly with the Solana validator network. Its platform functions as an on-chain task queue, allowing users to schedule instructions for signing and validation based on a predetermined timeline. Clockwork aims to create a system where on-chain programs can independently schedule background tasks, thereby enabling customers to utilize automated products for various blockchain applications, including decentralized autonomous organization (DAO) tools and payment processing solutions.

Satellite IM utilizes leading decentralization and encryption technology to provide a platform to build extensible apps.

Jito Labs is a blockchain infrastructure company focused on enhancing the Solana network through the development of systems that maximize miner extraction value (MEV) while mitigating its adverse effects. The company provides an open-source, third-party validator specifically designed for the Solana blockchain, facilitating the creation of efficient and profitable blocks. Jito Labs aims to enable users to increase their revenue and optimize hardware utilization through its innovative validator client. By prioritizing both network scalability and validator rewards, Jito Labs plays a critical role in advancing the capabilities and profitability of the Solana ecosystem.

Aptos is a web3 startup founded in 2021 and based in Palo Alto, California. The company develops a scalable Layer 1 blockchain that allows developers to create future-proof applications. Aptos aims to provide universal access to decentralized assets through its network, utilizing a safe and reliable programming language that facilitates application development. The team at Aptos is composed of skilled engineers, researchers, strategists, designers, and builders, all working towards enhancing the accessibility and scalability of blockchain infrastructure for developers.

Geode Finance specializes in developing blockchain infrastructure for decentralized autonomous organizations (DAOs). It offers a customizable white-label liquid staking solution that enables DAOs to create yield-bearing tokens, enhance treasury yields, and unlock composable liquidity.

DFlow is a payment-for-order-flow marketplace that provides transparent and market-driven price discovery for order flow. They provide a decentralized market platform to ensure the most optimal execution environment for consumers. The market-driven approach to PFOF used by DFlow allows the public to see live market prices for token pairs.

Coinbooks is a San Francisco-based startup that provides accounting software tailored for businesses dealing with digital assets. The company's platform integrates with cryptocurrency wallets and existing accounting software, allowing firms to manage both their crypto and non-crypto transactions in one location. Coinbooks automates processes such as payroll, billing, and bookkeeping, ensuring seamless transaction processing and regular synchronization with traditional fiat accounting solutions through its AutoPilot feature. This integration aims to make cryptocurrency accounting feel like conventional accounting, simplifying the management of digital assets for businesses.

Aptos is a web3 startup founded in 2021 and based in Palo Alto, California. The company develops a scalable Layer 1 blockchain that allows developers to create future-proof applications. Aptos aims to provide universal access to decentralized assets through its network, utilizing a safe and reliable programming language that facilitates application development. The team at Aptos is composed of skilled engineers, researchers, strategists, designers, and builders, all working towards enhancing the accessibility and scalability of blockchain infrastructure for developers.

Dialect is a company that specializes in enhancing decentralized application (dapp) experiences through smart messaging protocols. It focuses on providing seamless, on-chain messaging solutions, including wallet-to-wallet chat and app notifications. Dialect has developed tools such as a blockchain monitoring toolkit and web component libraries for notifications and chat, making it easier for projects to integrate composable, on-chain messages into their applications.

Squads is a developer of a decentralized program that enables the establishment of better and easier decentralized autonomous groups. The company's application combines all of the key components of a decentralized autonomous organization, such as deployment, treasury, vault management, on-chain voting, and chat, into a single portal with an easy-to-use interface, allowing users to streamline daily operations using a decentralized autonomous organization structure.

Helium Systems Inc. develops Internet-of-Things (IoT) technology, focusing on sensor devices that monitor environmental factors such as temperature, humidity, barometric pressure, motion, and light. These sensors are utilized in various applications, including facility monitoring and quality control for medical products, energy management, air quality assessment, and refrigeration temperature regulation. The company offers a web and mobile dashboard for users to manage and access sensor data. Additionally, Helium operates a decentralized wireless network that enables low-power IoT devices to connect to the internet. This network incentivizes individuals to become network operators, rewarding them with a cryptocurrency for validating network transactions and contributing to the network's integrity. Incorporated in 2013 and based in San Francisco, Helium Systems continues to innovate within the IoT landscape, enhancing the ability to gather insights from smart devices.

Galxe is a prominent Web3 credential data network that provides a collaborative infrastructure for brands and developers to engage communities and create innovative products in the decentralized web. The company offers a modular platform that facilitates the creation, distribution, and gamification of non-fungible tokens, utilizing customized on-chain data. By rewarding curators for the use of credentials within its infrastructure and credential oracle engine, Galxe fosters a participatory environment where developers and community members can construct engaging experiences. Its platform allows for the development of tailored campaigns through plug-and-play modules, enhancing the capability of users to interact with decentralized credential data networks effectively.

Torus Labs is a technology company that focuses on enhancing user experiences in the digital space through innovative solutions. It provides an online platform that facilitates information sharing related to digital marketing, market research, business growth, and analytics. Torus Labs is also known for its development of a blockchain platform that simplifies cryptographic key management, enabling users to manage token accounts securely. By leveraging decentralized key generation and proof mechanisms, the platform allows for secure control of transactions through private channels. With a culture that emphasizes impact and flexibility, Torus Labs aims to empower users with self-sovereignty and easy access to their digital assets.

TipLink facilitates crypto transfers via shareable links. Users can create accounts and send cryptocurrency to anyone across platforms without requiring recipients to have wallets or understand complex processes.

RNDR is OTOY’s token based rendering network. It enables distributed GPU rendering on the blockchain, using OctaneRender which is the world’s first and fastest GPU-accelerated, unbiased, physically correct renderer. Octane uses the graphics card in networked computers to render photo-realistic images super fast. With Octane’s parallel compute capabilities, users can render works in a fraction of the time, and at a better cost than centralized services. RNDR is currently the fund’s only pure utility token investment — in a use case where the token is actually delivering utility in a network, using proven technology to deliver a service with a real and strong market.

Drift Protocol is a developer of a decentralized derivatives exchange that focuses on providing on-chain, cross-margined perpetual futures trading on the Solana blockchain. The platform aims to enhance the efficiency of trading futures through an upgraded decentralized system that features a new pegging mechanism. This innovation allows users to adjust liquidity based on market demand and open interest, thereby improving the overall trading experience. Drift Protocol's approach positions its exchange as a competitive option for margin trading within the decentralized finance space.

World is a technology company specializing in secure digital asset management. It operates the World App, which enables users to securely store their World ID, manage digital assets, and access various Mini Apps within a privacy-focused network.

Fully permissionless protocol for decentralized perpetual swaps

RabbitX facilitates global investment access with zero-commission trading across stocks, fx, commodities, and digital assets. It operates on decentralized scaling technology, backed by prominent venture capital firms.

Swivel Finance is a company based in Austin, Texas, founded in 2020 that specializes in creating an online lending platform. It offers a decentralized protocol designed for fixed-rate lending and interest-rate derivatives, allowing lenders to secure fixed-rate interest rates on their ERC-20 tokens. The platform is characterized by its low transaction overhead and reduced risk for users, facilitating a more stable lending environment in the decentralized finance space.

Audius, Inc. is a music streaming platform that leverages blockchain technology to create a decentralized community for artists, developers, and listeners. Incorporated in 2018 and based in San Francisco, the company enables musicians to share and monetize their work directly with fans, eliminating the need for intermediaries. Audius provides features such as audio file hosting, streaming capabilities, and a creator dashboard, allowing artists to manage their content and earnings efficiently. The platform ensures the secure and verifiable attribution of creative works through immutable, time-stamped records on the blockchain. By offering a transparent system for content distribution and royalty payments, Audius empowers creators to connect with their audiences and maintain control over their music.

Eden Network is a blockchain infrastructure company that focuses on enhancing transaction safety for traders and providing transaction priority for NFT minters. It develops a suite of Ethereum smart contracts that adhere to the principles of progressive decentralization, allowing token holders to participate in governance through private communication channels and decision-making processes. The company also offers essential liquid staking and validation infrastructure aimed at optimizing yield generation, increasing total value locked (TVL), and fostering overall network growth. By prioritizing both security and user governance, Eden Network seeks to create a more efficient and decentralized trading environment.

UXD Protocol operates a decentralized platform on the Solana blockchain. It facilitates digital asset transactions through an algorithmic stablecoin that automatically generates interest and maintains its peg by balancing different cryptocurrencies as collateral.

Helium Systems Inc. develops Internet-of-Things (IoT) technology, focusing on sensor devices that monitor environmental factors such as temperature, humidity, barometric pressure, motion, and light. These sensors are utilized in various applications, including facility monitoring and quality control for medical products, energy management, air quality assessment, and refrigeration temperature regulation. The company offers a web and mobile dashboard for users to manage and access sensor data. Additionally, Helium operates a decentralized wireless network that enables low-power IoT devices to connect to the internet. This network incentivizes individuals to become network operators, rewarding them with a cryptocurrency for validating network transactions and contributing to the network's integrity. Incorporated in 2013 and based in San Francisco, Helium Systems continues to innovate within the IoT landscape, enhancing the ability to gather insights from smart devices.

The world's first intent engine powering the intent-centric future. A layer-1 tendermint-based blockchain, storing state from EVM, SVM, and MVM chains to enable execution on all blockchain frameworks.

Fully permissionless protocol for decentralized perpetual swaps

OpenOcean is a company that operates a decentralized exchange (DEX) aggregator platform, designed to facilitate cryptocurrency swaps by providing price comparisons between central exchanges (CEX) and decentralized exchanges (DEX). The platform employs an intelligent routing algorithm that optimizes swap transactions, ensuring users achieve maximum returns while trading various cryptocurrencies. By enabling a one-stop transaction experience, OpenOcean allows users to trade assets more efficiently and cost-effectively, making it easier for them to navigate the complexities of the cryptocurrency market.

Manta Network is focused on creating a secure and interoperable digital ecosystem through the use of Zero-Knowledge technology. The company operates a decentralized exchange platform designed to protect user privacy and prevent tracking of activities. By utilizing a protocol based on substrate frameworks, Manta Network offers end-to-end anonymity, high throughput, and robust cross-chain interoperability. This enables users to exchange data in a secure environment, prioritizing privacy and security in their transactions.

Manta Network is focused on creating a secure and interoperable digital ecosystem through the use of Zero-Knowledge technology. The company operates a decentralized exchange platform designed to protect user privacy and prevent tracking of activities. By utilizing a protocol based on substrate frameworks, Manta Network offers end-to-end anonymity, high throughput, and robust cross-chain interoperability. This enables users to exchange data in a secure environment, prioritizing privacy and security in their transactions.

Coinbooks is a San Francisco-based startup that provides accounting software tailored for businesses dealing with digital assets. The company's platform integrates with cryptocurrency wallets and existing accounting software, allowing firms to manage both their crypto and non-crypto transactions in one location. Coinbooks automates processes such as payroll, billing, and bookkeeping, ensuring seamless transaction processing and regular synchronization with traditional fiat accounting solutions through its AutoPilot feature. This integration aims to make cryptocurrency accounting feel like conventional accounting, simplifying the management of digital assets for businesses.

Swivel Finance is a company based in Austin, Texas, founded in 2020 that specializes in creating an online lending platform. It offers a decentralized protocol designed for fixed-rate lending and interest-rate derivatives, allowing lenders to secure fixed-rate interest rates on their ERC-20 tokens. The platform is characterized by its low transaction overhead and reduced risk for users, facilitating a more stable lending environment in the decentralized finance space.

Audius, Inc. is a music streaming platform that leverages blockchain technology to create a decentralized community for artists, developers, and listeners. Incorporated in 2018 and based in San Francisco, the company enables musicians to share and monetize their work directly with fans, eliminating the need for intermediaries. Audius provides features such as audio file hosting, streaming capabilities, and a creator dashboard, allowing artists to manage their content and earnings efficiently. The platform ensures the secure and verifiable attribution of creative works through immutable, time-stamped records on the blockchain. By offering a transparent system for content distribution and royalty payments, Audius empowers creators to connect with their audiences and maintain control over their music.

Audius, Inc. is a music streaming platform that leverages blockchain technology to create a decentralized community for artists, developers, and listeners. Incorporated in 2018 and based in San Francisco, the company enables musicians to share and monetize their work directly with fans, eliminating the need for intermediaries. Audius provides features such as audio file hosting, streaming capabilities, and a creator dashboard, allowing artists to manage their content and earnings efficiently. The platform ensures the secure and verifiable attribution of creative works through immutable, time-stamped records on the blockchain. By offering a transparent system for content distribution and royalty payments, Audius empowers creators to connect with their audiences and maintain control over their music.

dForce Network is a company that develops and operates a decentralized finance (DeFi) application, focusing on an integrated platform of open finance protocols. Founded in 2019 and based in China, dForce creates a suite of protocols, including stablecoin, liquidity, lending, and derivatives, enabling individuals to access various financial services without the need for traditional banking institutions or third parties. By leveraging blockchain technology, the company aims to foster an interconnected ecosystem that supports diverse financial services for both individuals and enterprises.

Nervos Network is a blockchain technology company established in 2018 and headquartered in Hangzhou, China. It offers a hybrid solution that integrates a public blockchain with an application chain, enabling enterprises to build and deploy decentralized applications without needing to fully commit their technology stack to the blockchain. The Nervos CKB (Common Knowledge Base) serves as its layer 1, proof-of-work public blockchain protocol, which allows for the secure storage of various crypto-assets while supporting smart contracts and layer 2 scaling solutions. The platform's unique design emphasizes security, immutability, and decentralization, positioning itself as a sustainable multi-asset store of value. It also facilitates the capture of total network value through its native token, CKByte, and a network of interoperable protocols, promoting a robust open ecosystem for developers and enterprises alike.

Founded in 2015, SKALE Labs develops a scalable blockchain platform that enables high-speed consensus for decentralized applications (dApps). It empowers dApps to run smart contracts at millions of transactions per second on platforms like Ethereum and EOS. The SKALE Network is a fully decentralized, open-source P2P network supported by the SKALE utility token.

Torus Labs is a technology company that focuses on enhancing user experiences in the digital space through innovative solutions. It provides an online platform that facilitates information sharing related to digital marketing, market research, business growth, and analytics. Torus Labs is also known for its development of a blockchain platform that simplifies cryptographic key management, enabling users to manage token accounts securely. By leveraging decentralized key generation and proof mechanisms, the platform allows for secure control of transactions through private channels. With a culture that emphasizes impact and flexibility, Torus Labs aims to empower users with self-sovereignty and easy access to their digital assets.

Helium Systems Inc. develops Internet-of-Things (IoT) technology, focusing on sensor devices that monitor environmental factors such as temperature, humidity, barometric pressure, motion, and light. These sensors are utilized in various applications, including facility monitoring and quality control for medical products, energy management, air quality assessment, and refrigeration temperature regulation. The company offers a web and mobile dashboard for users to manage and access sensor data. Additionally, Helium operates a decentralized wireless network that enables low-power IoT devices to connect to the internet. This network incentivizes individuals to become network operators, rewarding them with a cryptocurrency for validating network transactions and contributing to the network's integrity. Incorporated in 2013 and based in San Francisco, Helium Systems continues to innovate within the IoT landscape, enhancing the ability to gather insights from smart devices.

Spring Labs develops a decentralized network that enables secure sharing and exchange of financial data among participants. It leverages blockchain technology to enhance data control, flexibility, and security within the credit system.

O1Labs, established in 2017, is a blockchain technology company that specializes in zero knowledge cryptography and innovative cryptographic solutions. The company's significant contributions include the development of the Mina Protocol, recognized as the world's first lightweight, scalable, and decentralized zk blockchain. Additionally, O1Labs has created o1js, an intuitive framework designed to assist developers in building zk applications. By leveraging zero-knowledge proofs, O1Labs seeks to enhance blockchain accessibility and facilitate the creation of user-friendly cryptocurrency applications that operate natively in web browsers. The company's vision is to drive the next generation of applications powered by zero knowledge cryptography.

The Graph is an indexing and query protocol for decentralized networks that enables developers to publish open APIs, called subgraphs, which applications can query with GraphQL to retrieve blockchain data. A hosted service is in production to help developers start quickly, while a decentralized network is launching. It currently indices data from Ethereum, IPFS and POA, with more networks planned. Thousands of developers have deployed subgraphs for DApps such as Uniswap, Synthetix, Aragon, Aave, Gnosis, Balancer, Livepeer, DAOstack and Decentraland. The Graph supports a global community of participants, including indexers and curators, to maintain and curate the data network.

Founded in 2015, SKALE Labs develops a scalable blockchain platform that enables high-speed consensus for decentralized applications (dApps). It empowers dApps to run smart contracts at millions of transactions per second on platforms like Ethereum and EOS. The SKALE Network is a fully decentralized, open-source P2P network supported by the SKALE utility token.

DFINITY develops and operates a decentralized computing platform, Internet Computer, which hosts tamperproof software systems and services. It offers DFINITY Canister SDK for software development, ICP protocol for secure cloud functionality, and algorithmic governance via blockchain-based nervous system. Founded in Switzerland in 2014.

Nervos Network is a blockchain technology company established in 2018 and headquartered in Hangzhou, China. It offers a hybrid solution that integrates a public blockchain with an application chain, enabling enterprises to build and deploy decentralized applications without needing to fully commit their technology stack to the blockchain. The Nervos CKB (Common Knowledge Base) serves as its layer 1, proof-of-work public blockchain protocol, which allows for the secure storage of various crypto-assets while supporting smart contracts and layer 2 scaling solutions. The platform's unique design emphasizes security, immutability, and decentralization, positioning itself as a sustainable multi-asset store of value. It also facilitates the capture of total network value through its native token, CKByte, and a network of interoperable protocols, promoting a robust open ecosystem for developers and enterprises alike.

Kadena develops a hybrid blockchain platform that addresses Bitcoin's scaling challenges and Ethereum's security issues. It offers ScalableBFT consensus protocol, Pact programming language for transactional logic, and confidentiality settings to protect sensitive transaction details. Founded in 2016 by former JP Morgan blockchain creators and SEC professionals, Kadena is headquartered in Brooklyn, New York.

Kadena develops a hybrid blockchain platform that addresses Bitcoin's scaling challenges and Ethereum's security issues. It offers ScalableBFT consensus protocol, Pact programming language for transactional logic, and confidentiality settings to protect sensitive transaction details. Founded in 2016 by former JP Morgan blockchain creators and SEC professionals, Kadena is headquartered in Brooklyn, New York.

Spring Labs develops a decentralized network that enables secure sharing and exchange of financial data among participants. It leverages blockchain technology to enhance data control, flexibility, and security within the credit system.

Tari Labs, LLC is a company based in Oakland, California, that focuses on developing and operating a blockchain protocol tailored for digital assets. Incorporated in 2018, the company aims to empower users to manage, utilize, and transfer various digital assets, including tickets, loyalty points, and virtual goods. Tari Labs provides a mobile payment wallet, Aurora, which facilitates the transfer of digital currency. The company's decentralized platform is designed to create a wide array of business possibilities by allowing customers to quickly and easily generate custom rulesets using a combination of templates, thereby enhancing accessibility to blockchain technology for digital assets.

O1Labs, established in 2017, is a blockchain technology company that specializes in zero knowledge cryptography and innovative cryptographic solutions. The company's significant contributions include the development of the Mina Protocol, recognized as the world's first lightweight, scalable, and decentralized zk blockchain. Additionally, O1Labs has created o1js, an intuitive framework designed to assist developers in building zk applications. By leveraging zero-knowledge proofs, O1Labs seeks to enhance blockchain accessibility and facilitate the creation of user-friendly cryptocurrency applications that operate natively in web browsers. The company's vision is to drive the next generation of applications powered by zero knowledge cryptography.

The Graph is an indexing and query protocol for decentralized networks that enables developers to publish open APIs, called subgraphs, which applications can query with GraphQL to retrieve blockchain data. A hosted service is in production to help developers start quickly, while a decentralized network is launching. It currently indices data from Ethereum, IPFS and POA, with more networks planned. Thousands of developers have deployed subgraphs for DApps such as Uniswap, Synthetix, Aragon, Aave, Gnosis, Balancer, Livepeer, DAOstack and Decentraland. The Graph supports a global community of participants, including indexers and curators, to maintain and curate the data network.