Crypto is still a young breed. It grows new limbs almost every day. Our most critical and demanding job as fund managers is to assess which of these verticals could one day develop into leading narratives and significant market opportunities. Our predictions for 2025 represent verticals across the Infrastructure, DeFi and Consumer stack to which we generally attribute large and disruptive market potential.

We are excited to lead Arcium’s $5.5M strategic funding round to launch the first parallelized confidential computing network. Arcium will enable use cases that combine the old network effects of Web2 with the new network effects and capabilities of Web3: liveness, permissionlessness, composability, censorship resistance, verifiability, and, last but not least, ownership.

Without transaction privacy, everything on-chain is public. Users expose their information and metadata. Most users don’t want that - especially institutional ones. Nevertheless, it is by no means certain that transaction privacy will become an essential feature of public blockchains. This research effort discusses regulatory and usage challenges and the most promising approaches and protocols to combat them. It covers their basic ideas and trade-offs and suggests a categorization of the current landscape of transaction privacy.

We're thrilled to share that Greenfield is leading Stroom's $3.5M seed funding round. Stroom, based in Kiev, Ukraine, stands out with an innovative approach: their liquid staking protocol allows seamless provisioning of channel liquidity in BTC to the Lightning Network and earning fees through yield-bearing DeFi-enabled lnBTC tokens on Ethereum, all without running a node.