Protocol-level investments and new financial primitives. Open-source money, programmable economics, governance, mechanism design.
Novel mechanism design, protocol-level innovation, governance experiments, new economic primitives
Forks without innovation, governance theater, projects that could work without a token
Fred values strong technical teams with novel mechanism design. Show how your protocol creates new economic primitives.
Best protocols reduce governance surface area over time, becoming more credibly neutral
Protocols that are most composable become the hardest to displace
Blockchains enable open markets for AI training data and models.
Protocol treasuries and grants are the future of blockchain development funding.
Developer tooling adoption is the best leading indicator for blockchain ecosystem health.
Virtual worlds need digital scarcity and ownership that only blockchains can provide.
“Developer tooling adoption is the best leading indicator for ecosystem health.”
— Medium
“The goal of governance should be to make itself unnecessary over time.”
— Blog
“NFTs are the Lego blocks of the ownership economy.”
— Blog
Co-founder of Paradigm. Co-founder of Coinbase. Former Goldman Sachs trader. Duke CS.