Crypto.

Backing founders building the next generation of the internet.

We believe crypto will shape the next generation of internet contribution, collaboration, and ownership. We're a small team of former entrepreneurs and operators that invest selectively, bring a long term mindset and decades of experience building enduring marketplace and network-effect businesses, and commit to deeply supporting founders along every step of their journey.

We are currently focused on the following areas:

The Backbone.

The promise of a decentralized internet future requires a new, decentralized tech stack.We take a broad definition of infrastructure – whether you are building a token-based network or a web3 SaaS product, we want to back founders who are building foundational technology across security, information storage, and identity management. This includes enabling technology to address widely unsolved problems such as scalability and privacy, as well as solutions for specific use cases such as tooling for game developers and user-owned profiles for decentralized applications.

The Open Financial System.

The crypto financial system has grown to process hundreds of billions of dollars across decentralized finance protocols and networks. DeFi unlocks a marketplace of innovation around money, built on a foundation that eliminates gatekeepers and verifies and enforces transactions with code. Following the progress on primitives like liquidity and lending, we see opportunities for more granular identity and risk models, expansion of on-chain assets and payments, and additional financial products. As DeFi products get more sophisticated and complex, we will also need consumer-friendly mobile interfaces that streamline access to a suite of products, and the developer tooling that enables it.

The User-Owned Internet.

We have only scratched the surface when it comes to the potential of NFTs. We believe the next wave of gaming, entertainment, and social applications that implement web3 design principles (including incentive alignment and data ownership), will play a large role in onboarding the next cycle of adopters. Additionally, upleveling the utility of NFTs (identity management, token-gated membership, contracts/agreements, on-chain physical assets) will take web3 further mainstream.

The Emerging Crypto-Economy

As participation on the internet has increased, it is now easier than ever to find niche content or communities but along the way, there has been one missing ingredient that crypto can solve: financial alignment. DAOs are financially aligned internet-native collectives of friends, talent, labor with incredible potential – one day, we could see DAOs accomplish feats that only corporations or governments were able to coordinate at scale. DAOs are just one early emerging area, as we believe the money-native aspect of crypto will unlock incredible design opportunities for new community, network, marketplace, and even nation-state models.

0x
First Partnered

Series B

Current Status

Active

Investors

Mike Duboe, Sarah Guo, Seth Rosenberg

Chia
First Partnered

Series A

Current Status

Active

Investors

Seth Rosenberg

Coinbase NASDAQ: COIN
First Partnered

Series D

Current Status

Public

Investors

Josh McFarland

Discord
First Partnered

Series D

Current Status

Active

Investors

David Sze

Espresso Systems
First Partnered

Series A

Current Status

Active

Investors

Seth Rosenberg

Handshake
First Partnered

Series A

Current Status

Active

Investors

Mike Duboe, Christine Kim

Magic Eden
First Partnered

Series A

Current Status

Active

Investors

Mike Duboe, Christine Kim

nxyz
First Partnered

Series A

Current Status

Active

Investors

Reid Hoffman, Asheem Chandna

OAK Network
First Partnered

Seed

Current Status

Active

Investors

Jerry Chen, Seth Rosenberg

Optic
First Partnered

Seed

Current Status

Active

Investors

David Thacker

Pinata
First Partnered

Seed

Current Status

Active

Investors

Mike Duboe, Christine Kim

Portals
First Partnered

Seed

Current Status

Active

Investors

Mike Duboe, Christine Kim

RabbitHole
First Partnered

Series A

Current Status

Active

Investors

Mike Duboe, Christine Kim

Wealthsimple
First Partnered

Series E

Current Status

Active

Investors

David Thacker

ZED
First Partnered

Seed

Current Status

Active

Investors

Mike Duboe

Greymatter | Seth Rosenberg

test Mint Condition

Bringing DeFi Lending Mainstream

Greymatter | Christine Kim

test Mint Condition, Product

Bringing Web3 to the World

Portfolio News | Mike Duboe AND Christine Kim

test

Building Blocks for Tokenized Media

Portfolio News | Mike Duboe

test Fundraising, Product

The Community-Centric Marketplace

Portfolio News | Sarah Guo AND Seth Rosenberg

test

Exchange Infrastructure for the Internet

Portfolio News | Seth Rosenberg

test

Privacy and Scalability for Web3

Greymatter | Christine Kim

test Strategy

The New Computing Paradigm

Portfolio News | Mike Duboe

test

On-Chain Credentialing

Our talent team is always looking to connect with engineers, product managers, and designers who considering an early stage start-up as a next move in their career. Learn more about open roles at Greylock-backed crypto companies.