Overview
Early stage venture capital fund for web3 immigrant founders.
Founded
2022
Deals · 12mo
0
Links
Stage focus
Geographic focus
Sector focus
Investment portfolio
- Karma3 Labs
Participated · Seed · Mar 2024
Karma3 Labs is building OpenRank, a decentralized reputation protocol that enables developers and web3 protocols to provide ranking, recommendation, and reputation services on‑chain. OpenRank lets developers permissionlessly compute on reputation graphs constructed from on‑chain or peer‑to‑peer social graph data and supports graph algorithms such as EigenTrust. The protocol leverages zero‑knowledge proving systems to make graph‑algorithm computation verifiable and cost‑effective, and aims to be Sybil‑resistant, open‑source and permissionless. Early use cases cited include community ratings for app marketplaces like MetaMask Snaps, ranking and recommendation APIs for Lens and Farcaster, on‑chain discovery feeds for wallets, and reputation‑based voting and governance. Karma3 plans to use the $4.5M seed to broaden adoption across early use cases and to launch protocol v1 for developers. The team positions OpenRank as a foundational reputation compute layer intended to reduce centralized gatekeeping and power decentralized web‑of‑trust experiences.
- Lava Network
Participated · Seed · Feb 2024
Lava positions itself as an access layer to an open, more innovative internet enabled by blockchain. Developers can already use Lava to access 30+ chains, and wallet users can participate in Magma to earn points. The company plans to launch its mainnet in 2024. Lava is seeking to partner with rollups and blockchains to scale node infrastructure for developers and users. The team announced a $15M seed raise and lists a broad set of investor and partner backers supporting its growth and mainnet build.