Publications
- _Research
There are seven crucial things you should understand and consider regarding confidential compute in blockchain. Privacy has always been a critical area to resolve and yet we can’t claim a clear win (see our previous article on addressing some of the long-lasting problems). The technical problem is real. However, the industry is making it even more difficult by oftentimes lumping together different solutions. This article attempts to break down the differentiating attributes of the widely used primitives ZKP, MPC and FHE for confidential computing. We also expand into how said cryptographic primitives are implemented on the system and dapp levels. By clearing up misconceptions, a more straightforward path to solutions could open up.
- _Investments
We’re excited to co-lead Layer3’s $15M Series A. Layer3 is building the onchain value distribution platform to serve and connect two distinct groups: A) crypto users who want to explore Web3 in a guided and trusted way and get rewarded for their actions and attention, and B) Networks, protocols, and dApps that want to attract and retain the right users.
- _Building
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.
- _Investments
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.
- _Building
Since 2022, we have been backing Safe (rebranded "Gnosis Safe"). Meanwhile, the smart contract wallet platform has emerged as critical infrastructure and the most used industry standard for securely managing digital assets in web3. Safe has achieved wide adoption, securing over $100B in assets and being used by major DAOs, institutions, and individuals. This article reiterates our initial investment thesis and showcases our continued conviction in the project, while arguing that Safe features elements of a meta aggregator for web3, putting it in a dominant strategic position.
- _Investments
Greenfield co-leads Centrifuge's $15M Series A. Its unique position in the market for tokenizing real-world assets (RWAs) is due to its solid and efficient infrastructure, differentiated service lines, and stellar team with a strong reputation and network across decentralized finance and traditional players. Centrifuge is primed for further massive growth.
- _Research
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.
- _Investments
We're thrilled to announce that Greenfield is co-leading Keyring's $6M seed funding round alongside Gumi Cryptos Capital. Keyring addresses the crucial challenges of regulatory compliance and market liquidity by empowering financial organizations to engage with compliant counterparts when participating in DeFi. Leveraging zero-knowledge (ZK) technology, Keyring guarantees institutional-grade privacy and security for sensitive data.
- _Investments
We are excited to announce that Greenfield is leading Brahma's latest $2.5M seed-extension round. Brahma has recently unveiled their institutional-grade DeFi management suite for DAOs, DeFi power users, and on-chain funds called "Console".