Archive - Research

Investment Opportunities in The Protocol Layer of an Agentic AI Future

Agentic AI: A Paradigm Shift in Computing

Jun 23 •

Stablecoin Banks as the Next Trillion-Dollar Opportunity: Regulatory Pathways to a Banking Licence

Paul Joe (@0xPeejay, Investment Associate at Lyrik Ventures) and I co-wrote this article based on our discussion about the regulatory challenges facing…

Jun 16 •

and

February 2025

Bittensor: A Decentralised Ecosystem for AI Innovation

A deep dive into Bittensor - an open-source decentralised protocol and ecosystem for AI innovation, its value proposition, how it works, and key open…

Feb 3 •

January 2025

How We Would Approach an Investment Thesis for Decentralised AI

Amidst the hype around Decentralised AI (DeAI) with tokens like $VIRTUAL, $AI16Z and $AIXBT popping, Paul Joe (@0xPeejay who writes at Fundamentals) and…

Jan 21 •

and

July 2024

Decentralised compute and DePIN: It's all about trust

Paul Joe (@0xPeejay, Investment Associate at Lyrik Ventures) and I co-wrote this article based on our observations from investing in web3 projects.

Jul 23, 2024 •

and

March 2024

A map of opportunities in the AI agent space

A preliminary thesis mapping out the problem space and investment opportunities related to AI agents across the technology stack.

Mar 18, 2024 •

December 2023

How Blockchain can Revolutionise the Music Industry

An investment thesis for blockchain and music.

Dec 3, 2023 •

November 2023

GPT as the Next Major Platform: From Apps to AI Agents

OpenAI unveiled some exciting plans this week at their first DevDay, but what most caught my attention was the advent of GPT as a platform for third…

Nov 10, 2023 •

September 2023

The Role and Impact of Behavioural Economics in Token Incentive Networks

If humans don't always make rational or optimal decisions, can token incentive networks still work? Or will it all end in tears?

Sep 6, 2023 •

July 2023

Blueprint for a compelling web3 open social protocol or platform

We're still hunting for that unicorn.

Jul 5, 2023 •

June 2023

Is the web3 wallet space still winnable?

A short thesis on account abstraction and smart contract wallets

Jun 6, 2023 •

and

April 2023

Investment themes in web3 games

An updated investment thesis for web3 games, covering potential investible propositions across the web3 games value chain

Apr 11, 2023 •

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