Announcing our investment in Axiom. Ethereum smart contracts can't access historical data, leading to reliance on offchain servers. Axiom solves this with zero-knowledge proofs, ensuring computational integrity and expanding smart contract possibilities.
We are excited to announce that we have led a $7.5M Seed financing in Taproot Wizards – a company leading the Ordinals movement, with long-term ambitions to do much more.
Bitcoin, once an intellectual center of gravity teeming with builders and ideas, has declined into a pseudo-religious lethargy. But Ordinals – an "accidental" consequence of Taproot – has awakened a tech-forward renaissance in Bitcoin. 15 years into its life, Bitcoin is a frontier once again.
We've experienced several crypto cycles. Despite the ups and downs, we're confidently optimistic about crypto due to a deep historical grounding and a long-term investing philosophy. We wanted to share excerpts from our LP letters to provide a window into our thinking in both bulls and bears.
