Participated · Equity · Sep 2023

Jiritsu Network (HOPR AI Inc.) builds verifiable off-chain computation technology—branded Unlimited Verifiable Compute (UVC)—to generate “Proof of Workflow” and cryptographically verify off-chain data and calculations. The product targets limitations in Layer 1 and Layer 2 blockchains by improving security, scalability, risk management, and AI data integrity to enable broader smart-contract use cases. Jiritsu says its approach can verify every data source or off-chain calculation, increasing trust and transparency for blockchain workflows. The company also introduced Tomei RWA, an asset tokenisation platform using a proprietary attestation system intended to provide security in asset management. Founded in 2020 and registered in Delaware with headquarters in New Jersey, Jiritsu has positioned itself as core infrastructure for blockchain data and workflow verification. To date it has raised USD 10.2m across two funding rounds led by gumi Cryptos Capital, and recently received a strategic SAFE investment from tokentus.

Participated · Series A · Jul 2022

Hashflow is a decentralized exchange platform built for interoperability, zero slippage, and MEV-protected trades. It connects institutional market makers to traders via a request-for-quote (RFQ) model that guarantees price execution and optimizes for seamless interoperability and MEV protection. The company has launched bridgeless cross-chain swaps and says its model enables trading of structured products and asset classes previously impossible on DeFi rails. Hashflow plans to offer structured products on its platform in allowed jurisdictions later this year and has released a product roadmap for the rest of the year. Founded in San Francisco in 2021, Hashflow raised a $3.2M seed round in April 2021 and recently closed a $25M Series A that values it at $400M. The company says the new capital will let it continue building and scaling its product suite and support professional market makers and liquidity-maximization initiatives. Hashflow is a Santa Monica, Calif.-based decentralized exchange that connects DeFi traders with top crypto market makers, enabling traders to receive price quotes directly and broadcast trades on-chain using Web3 wallets. The platform launched a closed private alpha with market makers offering price quotes on Ethereum mainnet. Hashflow enables market makers to retain control of inventory and pricing by using bespoke pricing strategies bridged on-chain with digital signatures rather than deploying capital in public liquidity pools or relying on pre-defined pricing functions. The company closed a $3.2M seed round and plans to use the funds to expand development efforts. In the coming weeks Hashflow plans to integrate more market makers, add additional asset pairs that dominate on-chain trading volumes, and open the product to general audiences by the end of Q2.

Participated · Seed · Jun 2022

Souq G-Commerce provides a blockchain-agnostic portfolio manager that helps players track and monitor the value of their game assets and the health of game economies. The platform centralizes performance tracking across any blockchain or wallet and surfaces market intelligence on individual gaming economies. The company positions itself as a financial-markets layer for Web3 games—described by the CEO as like “Robinhood for video game assets”—and aims to enable players to participate in economic upside across virtual worlds. Souq targets the rapidly growing blockchain gaming industry, which the article says grew 2,000% in the last year and has about 10M active users today. Near-term product and growth milestones include 50–100k active wallets, 95% of games covered on the platform, $100M of assets connected, and support for ETH, L2s, Solana, Flow, and Avalanche. Financially, the company completed a $3.3M pre-seed raise to advance product development and market expansion.

Participated · Seed · Jun 2022

Souq is a New York-based provider of consumer asset management software in the Web3 gaming space. The company focuses on building a financial market for game economies that enables players to participate in and share the upside of virtual worlds. Its flagship product onboards players quickly and lets them track and manage portfolios across any blockchain or wallet. Souq intends to use the funds to further expand this flagship product and support players and games across all major blockchains. The company raised $3.3M in pre-seed funding to support these plans. Souq is led by CEO JonPaul Vega and Head of Product Ken Berkowitz.

Participated · Equity · Dec 2021

Yield Guild Games (YGG) operates as a play-to-earn gaming guild that aggregates players and gaming assets for blockchain games. The company has expanded via geographically focused subDAOs, most recently launching YGG SEA to target Southeast Asia. YGG SEA was co-founded by Evan Spytma, Dan Wang, and Irene Umar and will focus on driving P2E adoption and expanding the YGG network in the region. YGG has been actively fundraising to support growth: the parent guild and its subDAOs have attracted institutional and industry backers. YGG previously raised $4.6 million in a separate round led by Andreessen Horowitz to expand its global community. The company has also disclosed plans to acquire $1 million worth of NFT gaming assets from Star Atlas. Yield Guild Games (YGG) is a decentralized gaming outfit that purchases or breeds yield-earning in-game assets (NFTs) and loans those assets or the funds to acquire them to 'scholars' so they can play blockchain games such as Axie Infinity. Players earn in-game tokens that can be converted to local currency, and YGG takes a small cut of the in-game revenue generated by those players. The model originated when founder Gabby Dizon began lending Axies to other players during the pandemic to help them earn income. At the time of the article YGG had about 5,000 scholars, a majority in Southeast Asia, and is focusing on scaling internationally. The company frames itself around redistributing ownership and value in game assets back to players through play-to-earn mechanics. Yield Guild Games is a Philippines-based online gaming guild that allows players to earn cryptocurrency rewards. The company raised $4 million in a Series A funding round. The Series A was led by BITKRAFT Ventures. BITKRAFT Ventures is described in the article as a venture capital investor focused on gaming, esports and interactive media. The article does not provide operating metrics, use-of-proceeds details, or additional investor names. Yield Guild Games pools capital to buy NFTs and virtual land in blockchain games and shares profits with players who earn in-game rewards. The organization has invested in assets such as 88 plots of Savannah land in Axie Infinity and a 12-by-12 estate in The Sandbox, spending more than $100,000 on those two transactions. Its Discord community is around 2,500 people, with roughly 280 active players; the guild has earned about four million Small Love Potion (SLP), roughly $160,000, split among hundreds of players. YGG plans to hold and monetize its virtual land and use a YGG protocol to share profits; the group says a DAO is being planned but does not yet exist. Founders include Gabby Dizon, Beryl Li, and Owl of Moistness. The guild intends to operate across multiple NFT-based games, accelerate the play-to-earn model, and raise additional funding in the future.