Publications

  • _Building
    Tags: Published On: November 17th, 2022

    The quest for liquidity among protocols has been one of the major concerns for every crypto startup. This led teams to spend significant amounts on advertising and incentive programs to attract liquidity. As a result, individual users went from protocol to protocol with their liquidity to earn yields from the best incentive programs with very few becoming sticky and permanent liquidity providers. This unsustainable market of incentive programs could now be disrupted - with “Chicken Bonds”, the latest drop of our portfolio company Liquity.

  • _Investments
    Tags: Published On: November 16th, 2022

    Over the course of 2022, DeFi has matured. We believe this process will continue and accelerate further with yield primitives playing a significant role. Yield Derivatives are an old acquaintance of the financial world. If appropriate protocols succeed in creating meaningful use cases, they could not just enrich the toolkit of experienced DeFi users but also provide DeFi’s master key for mass adoption of TradFi professionals and institutional money. In addition, the DeFi thesis is as strong as ever given the multiple failures of centralized entities over the course of 2022. This is why we’ve been leading the recent USD 2.5 million seed extension round of the DeFi protocol APWine.

  • _Research
    Tags: Published On: November 15th, 2022

    You have probably heard of celebrities spending huge on a Bored Ape Yacht Club (BAYC) NFT and seen them flexing it as their profile picture (2D avatar) on social media to represent their digital identity. Snoop Dogg and Eminem even took a further leap and morphed into their BAYC 3D avatars in a new music video. These are signs that in the future a new wave of content creators will express their creativity through avatars. In this post, we will elaborate on how Profile Picture NFTs (PFPs) used as avatars will play a key role in this development. We will further propose a typology for avatar design and identity options.

  • _Investments
    Tags: Published On: October 12th, 2022

    We are excited to announce that Greenfield is the seed round's lead investor for Nina Protocol. Additional investors include CMT Capital, Palm Tree Crypto and Noise DAO. In this article, we explore how the music NFT protocol built on Solana acts as the foundation for a rich and dynamic ecosystem of music applications and use cases between artists and fans - in particular, new ways of direct interactions through decentralized, token-gated communities created by fans, labels, and artists.

  • _Building
    Tags: , Published On: October 11th, 2022

    Brink is introducing conditional orders into the DeFi space. That's one of the reasons why we led the $3m seed round for Brink a while ago. In the mid-term, Brink is building toward a marketplace for advanced automation of NFT trading An important first solution on this journey has now been dropped: limit orders for NFTs.

  • _Research
    Tags: , , Published On: October 10th, 2022

    Privacy is under attack. The most successful corporations of our time have built their entire business model on surveillance capitalism. The blockchain is – in its most fundamental form as a public ledger of all transactions – a privacy hell. In this multi-disciplinary essay, we summarise where Greenfield stands on this issue and explore how crypto-native solutions can address the tension between public interest and the personal need for privacy.

  • _Team_Updates
    Tags: Published On: October 6th, 2022

    We are very excited to unveil Greenfield's revamped branding. In this post, we explain what's behind the new logo and our positioning – and what to expect from new content channels.

  • _Investments
    Tags: Published On: September 21st, 2022

    We are excited to be investing in the Series A of Immortal Game after leading their seed round earlier this year. In this article, we share why we believe that this project is strongly positioned to revolutionize the most well-known and one of the oldest board games on the planet by adding its opt-in metagame layer, powered by cryptoeconomics.

  • _Team_Updates
    Tags: Published On: September 8th, 2022

    It is impressive to see how the crypto scene continues to form new sub-sectors. As a result, there can no longer be one universal scholar when it comes to accessing and selecting promising crypto projects. That’s why we at Greenfield support and encourage colleagues to focus on specialist fields that they are most passionate about.

  • _Research
    Tags: Published On: August 16th, 2022

    Permissionlessness and composability are crucial requirements for protocol primitives to become relevant. The area of possible application of an asset defines its overall utility value. Analog, digital fashion collections, metaverses, and protocols that enable interoperability will become more relevant.

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