Imagine you get rewarded for consuming content that is relevant to you anyway. Crypto can make it happen. EtherMail combines this idea with the most widespread and established communication channel on the Internet. We’ve backed EtherMail since co-leading their seed funding round in 2022 and witnessed the consensual email marketing narrative unfold. Today, EtherMail is launching its $EMT token. We take this milestone as an opportunity to summarize what has been built in the meantime and how email has evolved from a communication tool bridging the gap between Web2 and Web3 to becoming an integrated instrument in the Web3 engagement and payment stack.

The spring edition of our newsletter covers Greenfield's latest research on Safe, our investments in Keyring and Centrifuge and several community events.

Today, >$100B assets are stored in Safes, making Safe the leading platform of smart wallet infrastructure.  Safe proved its anti-fragile strength above all in 2023, when it delivered impressive anti-cyclical growth: In its expanding ecosystem (200 projects), a rapidly growing user base (4.1M new accounts) was way more active (18.3M transactions). We documented this success story by analyzing key metrics and major developments in our 2023_Report on Safe. We are publishing this report today amid another decisive moment in Safe's journey: The community vote on token transferability.

How is Crypto Europe doing? To find out exactly that and take the pulse regularly, we have launched the State of European Crypto Report. The key message of the first edition: Regulation is the core topic for 2023 - and is likely to boost the European ecosystem.