investing @moonrockcapital
Joined January 2018
- Tweets 6,686
- Following 1,185
- Followers 1,761
- Likes 19,725
758 Photos and videos
Valentin “Vlat” retweeted
Jun 13
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Jun 12
Still by a landslide the best DePin out there
@mikeahorton always refused to play the “crypto game” of hype and attention for a product that has a different completely different target group than degenerate gamblers
He’s wining
Jun 12
I gave a presentation at the @allinsummit Liquidity Summit on June 2nd about a little known asset, solana:7JA5eZdCzztSfQbJvS8aVVxMFfd81Rs9VvwnocV1mKHu
My blog post about it is here - kylesamani.com/posts/the-rai…
And the YouTube video of my presentation is here
youtu.be/fO5sC7qS04E?t=2420
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Valentin “Vlat” retweeted
Jun 10
Early stage crypto investing is dead.
Pre-Seed and Seed rounds used to fund this entire industry. Today the money is all late-stage and M&A.
Everyone midcurving this chart sees the end of crypto VC, but what it actually shows:
1) Early stage crypto is the least competitive it's been since 2019 = much less bidding wars, FOMO rounds or inflated terms
2) The ratio of quality founders to capital chasing them has never been this attractive, hence they're raising at floor valuations
3) Thanks to AI, a 5 person team now ships what used to take 50. Seed dollars have never gone further
4) Capital stopped being the differentiator. What founders actually need is hands-on partners, and barely anyone is left providing that (= Moonrock)
While the rest of the industry is mourning early stage, I see a shopping paradise ahead of us.
We're doubling down.
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Jun 8
Beeing „crypto“ is a gtm
Regulatory arbitrage and global acesss until you hit size
Jun 7
Polymarket blocking VPN users is not surprising anymore
What is surprising is how long the platform benefited from global users before the rules started getting tighter
Users from restricted regions helped create volume, liquidity, culture and attention
Now the same users are treated like a compliance problem
I understand legal pressure, but transparency should come before farming user activity
You cannot market yourself as the future of open prediction markets, then slowly turn into a permissioned fintech app when regulators show up
The problem is not only VPN bans
The problem is people are learning the real rules after already taking the risk
Anyway @Polymarket this needs to be handled clearly before trust gets worse
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Valentin “Vlat” retweeted
May 27
Why do you care what another man does with his bags
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Jun 5
Once we were an industry of honor
🛡️
Jun 5
The Zcash engineers are my family, and everything good in my life traces back to Zcash. I couldn't live the rest of my life knowing I committed that kind of betrayal.
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Jun 5
The biggest problem in our industry is that people still confuse price with the business itself.
TLDR:
1) Fundamentals for projects like e.g. AAVE are extremely cyclical
2) Fundamentals have improved drastically over the last five years
3) The price simply went simply way too high in 2021, which is why it didn't reach a new ATH in 2024.
You need time to grow into valuations and we overestimated growth in 2021
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Valentin “Vlat” retweeted
May 27
Introducing the Transparency Alliance.
An industry-led alliance establishing the Token Transparency Framework as the standard for token market disclosures.
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May 26
Most “crypto” applications are basically just financial engineering on cap tables , which is fine. Over time, the industry as a whole will revolutionize cap table and treasury management, but the super degen finance era is over. Crypto as a whole was one big game but now it isn't anymore.
Post-CT, I think about it more in terms of the target audience. What we call “crypto” today is mostly companies targeting HNWIs on CT who have very high expectations of being compensated in pseudo-equity for using a product. "Crypto" is basically a group of customers which is fading currently. There will be elements of “community” and other ideas, but they will be applied in a much more rational way compared to gifting someone 30% of your company just for using it.
Many VCs talk about not funding thinkering “idealists” in crypto anymore, but the same can be applied to degens. As a user base, we’ve moved from idealists, to degens, and now to pragmatists.
Most crypto related big outcomes from here on will be driven by founders who understand the reality of changing customers and fit that profile.
The future will look very different from the past, and much of what you learned about the space will no longer apply.
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May 22
zippening
a conservative target for zec is to reach ~3-5% of btc, as bitcoin holders rebalance a bit into zec as a hedge.
an aggressive target is 15-20%. thats where silver is relative to gold.
the moonshot target is the flippening, in the unlikely event that something catastrophic happens to btc (eg saylor, quantum).
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The showcase: a simulated workflow for a @ServeRobotics delivery robot navigating Seoul on NAVER Maps, settling onchain through @WDK_tether on Solana
A robot accessing a real-world digital service, making a real-time decision, and getting paid for it
No human in the loop
All verifiable onchain — check out the blog for links to transactions and wallets, with a video for illustration
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May 21
This was my first bet as a venture investor
There is no team even close to them when it comes to providing confidential computing for apps on public chains
Privacy enabled applications is the frontier
Powered by @Arcium
Arcium is home to the largest active ecosystem building with confidential compute in crypto. ↓
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May 18
Hardware -> energy-> math
The savvy of you will have noticed Leopold Aschenbrenner just filed his 'Situational Awareness LP' Q1 2026 13F, showing a multi-billion dollar put position against AI hardware
Why? Moore's law seems to be hitting a ceiling; there may be fundamental limitations for physical hardware advancements
Algorithmic improvements offer an alternative avenue to explore in order to make greater advancements in AI capabilities
@tigfoundation (TIG) is a decentralized protocol that uses proof-of-work as a coordination mechanism for algorithmic research & development
Take the philosophy of Bittensor’s incentives mechanism, but apply it specifically for algorithms
The thesis is that algorithms are the most undervalued & most monopoly-prone layer of the AI stack
TIG is building the open-source alternative to what Google DeepMind could otherwise own outright
@Dr_JohnFletcher has been researching this area for over a decade; four of them created TIG with the protocol having been live for two years
The next major catalyst will come from the commercial model being proven; when that happens the repricing will be violent
We are at the stage in the cycle where there are AI tokens with viable products that solve real world problems
I'm an avid believer that crypto enables AI; strong incentive mechanisms for the brightest minds to participate, or allowing vast amounts of capital to be transferred globally
Those paying attention to the teams innovating with these novel concepts could find themselves at the beginning of an asymmetric bet
This podcast is worth a watch, also subscribe to my free newsletter (link in bio) where I’ll cover several other promising opportunities emerging
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May 13
ZEC is the clearest PvE since years
Don’t trap yourself into thinking the ‘circle jerk’ P&D bullshit, just because someone mentioned it in a positive light. And yes it always needs big spokespersons
For now you have to think about rate of change in capital controls globally increasing or not
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May 2
In @DatalandMuseum you will be able to experience and directly purchase a digital from OpenSea if you’d like to
Spotted a @refikanadol piece in the wild today in Singapore 👀
Bullish on nfts and digital art 🔥
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May 1
When we did the @Collector_Crypt round back in the day many T1 vc’s told us the market is to small
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May 1
Somehow people think being the "backend of finance" is the small market while hyperfinancialised ponzi consumer apps are the big one
make it make sense
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Apr 30
Most people have a complete misunderstanding of what "crypto native projects" are and therefore they can't look beyond falling prices
Don't psyops yourself into crypto is something different
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